INDIA'S YOUNGEST BILLIONAIRE: Brokerage magnate, Nikhil Kamath, is at the forefront of disruption amidst a white hot stock market. His companies have also stepped up in India's Covid-19 relief efforts

NIKHIL KAMATH is India's young billionaire, according to Forbes. His wealth and success is driven by his huge success in India's fledgling financial services industry. Nikhil is the co-founder of India's biggest brokerage firm Zerodha, as well as True Beacon, a wealth management company for wealthy investors worldwide.  Zerodha, started in 2010 with "the goal of breaking all barriers that traders and investors face in India in terms of cost, support, and technology." Zerodha says it has over five million clients generating millions of daily orders, generating more than 15 percent of all retail trading volumes in India. Kamath, who dropped out of school at 15, grew up in a middle class family with a banker father and music teacher mother. A former chess champion he worked at a call center in his youth and a stockbroking company for three years, saving up a princely sum of about $190,000. Nikhil's companies have responded to the the Covid-19 crisis in India with humanitarian relief efforts that include ambulance services. He said the crisis is real and tragic and has touched many lives.  Every possible relief effort must be made as a matter of urgency to help the sick and ailing during this crisis in India. But he also notes that the full scale of the tragedy is misrepresented in the media from the global reporting to local reports. "The truth lies in between somewhere," he told a reporter. Zerodha: https://zerodha.com/ True Beacon: https://www.truebeacon.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/john-aidan-byrne0/support