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Tuesday, January 25, 2022

School drop out, 8000 jobs on fake certificate, never denied home … now the youngest billionaire

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Age 34 years. The partner’s age is 40 years. But, on the basis of his idea, technical and hard work, he has reached the top of the list of the richest Indians under 40 years of age. We are talking about Nikhil Kamat of 34 years and Nitin Kamat of 40 years.

Recently the list of IIFL Wealth Hurun India 40 and Inside Self Made Rich List 2020 has been released. It has been told in this list that the wealth of both brothers has increased by 58% in the year 2020 and has reached Rs 24,000 crore. Both brothers are co-founders of Jirodha.

Zerodha is a discount brokerage firm and online trading platform. But, in a very short time it has become the largest brokerage firm in the country based on the number of clients.

Nikhil’s story is not weaker than the script of any film. In childhood, you should not be able to give a board exam due to bunking from school or due to lack of attendance. Not only this, the school dropout has to happen after this. It all happened to Nikhil. But, today he is the youngest billionaire.

Nikhil started Jirodha in the year 2010. Nikhil has been a business minder since childhood. At the age of 14, he started buying and selling old phones with friends. When the mother came to know, threw all the phones in the toilet flush.

kamathKamath

Not only this, after the school dropout Nikhil started a job of 8 thousand rupees in a call center. Not only this, he had submitted a fake birth certificate to get this job. At that time, he was only 17 years of age.

In the call center itself, he felt towards the stock market. After this, he started trying his hand in the stock market. Initially, he invested the money of many people, including the manager of the call center, in the stock market. Whoever trusted Nikhil got a great return.

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In 2010, Nikhil started a Jirodha brokerage firm with his elder brother Nitin. The journey started from here, it continued to grow. Today, both brothers are in the list of 100 richest people of Forbes 2020.

kamathKamath

The two brothers later started the asset management company True Beacon. The year 2020 was bad for the stock market, but both added 2 million new customers. Jirodha currently has 40 lakh registered users.

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Mirza Shehnaz
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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