When Bengaluru techie Sachin Jha's wife joined a global investment bank, he did not expect that it would result in closing his Zerodha account. Her employer deemed Zerodha "not a trusted broker" as it lacks a physical bank presence, leaving Jha with no other option but to leave the platform.
What followed was something even more unexpected for Jha. Hoping to share his concerns, he emailed Zerodha’s CEO, Nithin Kamath—without expecting a response. To his surprise, Kamath replied in just 10 minutes.
"[I] emailed CEO Nithin Kamath, expecting silence. To my surprise, he replied in just 10 minutes. The response that followed gave me a $2B lesson in customer obsession Nithin’s team," Jha wrote in a LinkedIn post.
"I still closed my account, but 'They won my trust for life,'" he added.
Nithin Kamath co-founded Zerodha with his brother Nikhil Kamath in 2010, which has become one of the leading discount broking platforms in India. The siblings ranked eighth on the list of India's top 10 self-made billionaires.
Let's have a look at Nithin Kamath's net worth as he wins the hearts of his concerned customers with business ethics and accountability.
Nithin Kamath's Net Worth
Nithin Kamath's net worth is estimated to be $4.8bn, according to Forbes. At the age of 44, Kamath is India's fourth youngest billionaire.
According to his website, Kamath is no longer involved in trading actively but is still passionate about trading and capital markets.
The salary breakup shared by finanthe cial newspaper Hindu Business Line—Kamath receives a basic salary of Rs 4.16 crore each month. On top of that, he gets Rs 2 crore as house rent allowance, Rs 1.6 as other perquisites and Rs 41 lakh as other allowances.
Additionally, there are bonus amounts and variable pay based on performance and approval by the board and the norms and policies of the company.
According to Tracxn, Kamath has so far founded six companies, including Zerodha, Rainmatter and True Beacon. He has also invested in 19 companies so far and has one unicorn—Licious—under his diverse portfolio.
