You are here: Home » Markets » Q&A
Business Standard

'Don't want to fly in private jet, own a yacht': Zerodha CEO Nithin Kamath

Nithin and his brother expected to earn home a salary of up to Rs 100 crore each for running India's largest stock brokerage firm. Nithin's wife to get same salary package as well.

Topics
zerodha | demat accounts | Brokerages

Samie Modak  |  Bengaluru 

Nithin Kamath, founder and CEO of Zerodha
Nithin Kamath, founder and CEO of Zerodha

After building the country's largest and most-profitable pure-play brokerage, Nithin Kamath, founder and CEO of has to stave off pressure from investors who want a piece of the company.

Nithin and his brother Nikhil Kamath can take home a salary of up to Rs 100 crore each, according to a special resolution passed by the company’s board that was reported lasted last week. Seema Patil, Nithin’s wife who has been promoted to whole-time director, can expect the same salary deal as well.

Nithin, in an interview to Samie Modak, explained why he doesn't want to take private equity (PE) money and why is not being aggressive when it comes to acquiring new clients. Edited excerpts:

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 01 2021. 12:53 IST
RECOMMENDED FOR YOU