“Real Money Is With Gujjus”: Why Zerodha’s Nithin Kamath Said This
Zerodha CEO Nithin Kamath recently highlighted the dominant role of Gujarat, particularly Ahmedabad, in India’s equity markets. Speaking about trading patterns, Kamath noted, “Ahmedabad and Mumbai account for 80% of equity delivery trades.
Let that sink in. Essentially, the real money is with Gujjus.” His comment reflects the significant financial clout of Gujarat, known for its entrepreneurial spirit and strong business acumen.
Kamath added that Gujarat accounts for just 8% of the total registered investors in India, a figure that has been steadily declining. This observation underscores a growing disparity between the state’s financial influence and its share of active retail investors.
Also Read: Scintillating Conversationalist: Anand Mahindra After Meeting Himanta Sarma
Zerodha, India’s largest stockbroking firm, revolutionised the financial markets when it was founded in 2010. By introducing a discount broking model, the firm offered low-cost brokerage services and zero charges on equity delivery trades. Its innovative platforms, such as Kite, Varsity, and Coin, have empowered retail investors and made trading more accessible.
Ahmedabad and Mumbai account for 80% of equity delivery trades. Let that sink in. Essentially, the real money is with Gujjus 😬
Btw, Gujarat accounts for just 8% of the total registered investors, and the share has been falling. pic.twitter.com/yljNeW8xfN
— Nithin Kamath (@Nithin0dha) January 6, 2025
Under Kamath’s leadership, Zerodha has emerged as a bootstrapped organisation catering to millions of clients. Kamath, a trader and financial advisor before starting Zerodha, identified inefficiencies in traditional brokerage models and built a transparent, customer-centric service.
Also Read: How ‘The VisaGuy’ Makes Your Travel Dreams A Reality
Apart from Zerodha, Kamath is actively engaged in fostering innovation through Rainmatter, a fintech incubator promoting sustainable entrepreneurship.
