Latest news with #Zerodha
Time of India
23 minutes ago
- Business
- Time of India
43-year-old loses Rs 70 lakh in online trading scam
Hyderabad: A 43-year-old private employee from Alwal lost over 70 lakh to cyber fraudsters in a fake online stock trading scam. According to police officials, the victim was lured through WhatsApp by individuals claiming to represent Zerodha, a legitimate trading platform. The fraudsters, identifying themselves as Hanan Delvi and Ishita Paul, convinced the victim to install what they claimed was a 'Zerodha' trading app through a web link. Between April 30 and May 26, the victim transferred 72.55 lakh to various bank accounts provided by the fraudsters. To gain his trust, the fraudsters initially returned 1.73 lakh as 'profits' on May 14. When he later requested to withdraw 15 lakh, they claimed his account accumulated profits of 2.19 crore and demanded 43.93 lakh as a 'tax payment' for the release of funds. Alarmed by the demand for a huge tax, the victim visited the legitimate Zerodha office in Begumpet and realised that both the app and his trading account were fake. He immediately reported the incident to cyber crime authorities through the 1930 helpline and lodged a complaint with Cyberabad cyber crime sleuths. Based on his complaint, a case was registered at Cyberabad Cyber Crime PS under sections 318(4) (cheating and dishonestly inducing delivery of property), 319(2) (cheating by personation), 336(3) (forgery for purpose of cheating), 338 (forgery of valuable security, will, etc.), 340(2) (using as genuine a forged document or electronic record), r/w 3(5) (common intention) of the BNS, and section 66-D of the IT Act on Friday.
Time of India
7 hours ago
- Business
- Time of India
Zerodha's Nikhil Kamath compares trading to dating: ‘It's great at first, then it gets bad, but…'
In a world where degrees often overshadow drive, Nikhil Kamath is proof that ambition, grit, and relentless self-education can write their own success story. The Zerodha co-founder, who once dropped out of school after Class 10, recently addressed a hall full of eager graduates with a speech that was anything but conventional. Peppered with wit, humility, and real-world insights, Kamath's convocation address didn't just inspire, it disarmed, revealing the unfiltered realities of failure, persistence, and the long game. Speaking to the students, Kamath candidly walked them through his rollercoaster of a journey—from selling second-hand mobile phones at the age of 15 to co-founding one of India's most influential financial platforms, Zerodha. Unlike the textbook tales of entrepreneurship , his story wasn't born in a B-school dorm or backed by an elite degree. Instead, it was crafted in the messy trenches of risk, uncertainty, and sheer repetition. One of the most memorable moments from his speech was when he likened trading to romantic relationships. "When you start dating someone initially, things are great. Then they get bad. And if you stay the course, maybe they get better again," he shared. The same, he said, applies to the stock market . Initial success may come easily, thanks to beginner's luck, but it's staying through the rough patches that builds real expertise. He advises to 'stay the course' stressing that weathering the downs is where the real learning happens. The video was shared on Dhirubhai Ambani International School's Facebook page. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo About Nikhil Kamath Nikhil Kamath, the co-founder of Zerodha, is one of India's youngest self-made billionaires, with an estimated net worth of approximately Rs 22,000 crore, according to the latest Forbes data. Kamath's journey to the top has been anything but conventional. A school dropout, he began his career working at a call centre before diving into stock trading. His entrepreneurial breakthrough came when he partnered with his brother, Nithin Kamath, to launch Zerodha, a discount brokerage firm based in Bengaluru.
Indian Express
8 hours ago
- Business
- Indian Express
‘Food Pharmer' recalls Nithin Kamath's unexpected act of kindness during his toughest time: ‘It wasn't charity'
Influencer Revant Himatsingka, better known as the 'Food Pharmer', recently shared a heartfelt story about an unexpected gesture of kindness from Zerodha co-founder Nithin Kamath that came at a time when he needed it most. In a post on X, Himatsingka opened up about a difficult chapter in his life – he had left a steady job in the US, wasn't taking on any brand deals, and was overwhelmed by lawsuits, facing eight legal notices. He described himself as being 'nearly broke' and emotionally drained, grappling with self-doubt. It was during this low point, in December 2023, that he happened to meet Kamath at an event. Despite being strangers, Kamath made a surprising offer. 'Don't worry, if you need any financial help, let me know, I'll help out,' he told Himatsingka. When asked if he'd want equity in return, Kamath simply smiled and said, 'None. I don't want anything. I just want to support you.' The gesture left Himatsingka stunned. He hadn't expected such generosity from someone he'd never met. 'It wasn't charity. It was belief,' he said. 'Belief that doing the right thing is worth backing.' Though he chose not to accept the offer – wanting to build something sustainable on his own – he shared deep appreciation for Kamath's support. 'In a world obsessed with ROI, here was someone who reminded me that true wealth is in character… Forever grateful, Nithin,' he wrote. 'You didn't just offer me help. You inspired me.' When I was nearly broke, battling lawsuits, and questioning everything—Nithin Kamath offered to help me out. I had quit my job in the US, wasn't doing food brands deals, and I had 8 legal notices. That's when I met @Nithin0dha at an event in December 2023. He told me 'Don't… — Revant Himatsingka 'Food Pharmer' (@foodpharmer2) May 29, 2025 The post went viral and netizens took to the comments to react to it. A user wrote, 'This is what we want billionaires to do, support those who bring change.' Another user wrote, 'Let this be a reminder- the best investments are often those made in people, not just companies. Early belief shapes legacies.' A third person commented, 'He is single handedly going to be responsible for the golden age amazing capitalism help people become better.' A fourth person said, 'Food is primary to us, and tackling the processed food industry for us all is an enormous job and worthwhile one. Kudos.' Earlier this year, Himatsingka shared on social media that he had left behind a Rs 2 crore-a-year job in the United States to come back to India, driven by a mission 'to fight companies which are doing false marketing.' Over the past 18 months, he says he's rejected offers from countless food brands–some offering hefty payouts–because he didn't want to compromise on his values.
Entrepreneur
9 hours ago
- Business
- Entrepreneur
Zerodha Capital Reports INR 12.5 Cr Profit in FY25
Operating with a lean team, Zerodha Capital leverages the scale and infrastructure of Zerodha's core broking business, which has 8.1 million active clients on the National Stock Exchange—accounting for nearly 16 per cent of the market You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Zerodha Capital, the lending arm of brokerage major Zerodha, posted a net profit of INR 12.5 crore in the financial year ended March 2025, up from INR 7.2 crore the previous year, according to a report by The Economic Times. The profit surge comes as the company doubled its income year-on-year to INR 36 crore, driven largely by a sharp expansion in its loan book and operational leverage from its parent firm. Credit rating agency ICRA attributed the improved financial performance to a 3.2x increase in Zerodha Capital's loan portfolio, which touched INR 381 crore in the first nine months of FY25. The company lends against shares and mutual funds held by retail investors, offering up to INR 1 crore in loans with a lending value capped at 45 per cent of the securities pledged. Operating with a lean team, Zerodha Capital leverages the scale and infrastructure of Zerodha's core broking business, which has 8.1 million active clients on the National Stock Exchange—accounting for nearly 16 per cent of the market. The lending process is largely digital, allowing efficient disbursements and minimal overheads. ICRA maintained its credit rating for Zerodha Capital at AA- (Stable)/A1+, reaffirming confidence in the company's risk controls, despite noting its current small size and dependence on a limited group of lenders. The agency also assigned the same rating to the firm's new INR 100 crore short-term borrowing program. Zerodha Capital's net worth stood at INR 170 crore as of December 2024, with a gearing ratio of 1.4x—indicating moderate leverage. To fuel further growth, the promoter group has committed an additional INR 125 crore through compulsorily convertible preference shares. Importantly, the company has reported zero non-performing assets (NPAs) since its inception in 2021, underlining its conservative lending model. However, its future trajectory remains tied to broader market sentiment and evolving regulations. With increasing regulatory scrutiny over retail derivatives trading—one of Zerodha's core revenue drivers—Zerodha Capital's growth path could be tested. Zerodha Broking Ltd, the flagship business, posted a net profit of INR 5,496 crore in FY24 and delivered an impressive 56 per cent return on net worth. With these fundamentals in place, Zerodha Capital appears poised to scale its lending footprint cautiously but steadily within India's growing retail investing ecosystem.
Time of India
a day ago
- Entertainment
- Time of India
Aamir Khan's 'Sitare Zameen Par': First review leaked? Insider may have seen it already
In a recent podcast episode featuring YouTube CEO Neal Mohan, Zerodha co-founder and entrepreneur Nikhil Kamath seemingly gave his thoughts on 's highly anticipated movie, 'Sitare Zameen Par'. Tired of too many ads? go ad free now Although he never directly named the film, his hints made it clear which project he was referring to. This film is known to be a spiritual successor to the 2007 hit 'Taare Zameen Par'. Nikhil Kamath's Subtle Praise Sparks Speculation In a conversation about compelling storytelling and meaningful films, Nikhil casually noted, 'I have watched the movie, it's quite nice.' The context implied he was talking about Khan's 'Sitare Zameen Par', though the film's creators have not officially confirmed this yet. Themes of Inclusivity and Inspiration 'Sitare Zameen Par' is set to highlight messages of inclusivity and motivation, reflecting Khan's tradition of meaningful, socially aware films. Kamath's short yet encouraging remarks have sparked increased interest in the movie, particularly because he rarely shares his views on Bollywood publicly. Aamir Khan's Marketing Intern Makes Playback Singing Debut The film also grabbed attention when Aamir Khan gave a breakthrough opportunity to his marketing intern, Shariva Parulkar, debuting her as a female playback singer on the newly released song 'Sar Aankhon Pe Mere', alongside Arijit Singh. Initially recorded as a rough version in Chennai due to the absence of other singers, Shariva's performance impressed both Aamir and director RS Prasanna so much that they chose to feature her vocals in the final track. Introducing New Talent Aamir Khan Productions is excited to introduce 10 new talents: Aroush Datta, Gopi Krishna Varma, Samvit Desai, Vedant Sharma, Ayush Bhansali, Ashish Pendse, Rishi Shahani, Rishabh Jain, Naman Mishra, and Simran Mangeshkar. The film 'Sitare Zameen Par' is directed by R. S. Prasanna, who also directed the hit movie 'Shubh Mangal Saavdhan'. The movie stars Aamir Khan and in the main roles. The songs have lyrics by Amitabh Bhattacharya and music by Shankar-Ehsaan-Loy. The story is written by Divy Nidhi Sharma. The film is produced by Aamir Khan and Aparna Purohit, with Ravi Bhagchandka as co-producer. 'Sitare Zameen Par' will hit theaters on June 20, 2025.
