‘Rich people walk in slippers’

“People in Bengaluru are less competitive,” said Nikhil Kamath, co-founder of Zerodha.

Zerodha co-founder Nikhil Kamath said he prefers Bengaluru over other metro cities like Delhi or Mumbai because there is no ostentation of wealth in the southern city. “I have seen very rich people walking in slippers. You would never see this in Mumbai,” he said in an interview Mashable India,

“People in Bengaluru are less competitive,” Kamath said, adding that people may think “being less competitive is a bad thing” but it is actually “the best thing”.

Unlike in other cities, people in Bengaluru don’t ride on others’ backs, said the CEO of the country’s largest stock brokerage firm. Kamath said that there is one special thing about Bengaluru that has worked. “Maybe it’s the timid upbringing of being a South Indian.”

Nikhil Kamath, who topped the ‘IIFL Wealth Hurun India 40 and Under Self Made Rich List 2022’ with a net worth of Rs 17,500 crore, had earlier also revealed how a Rs 8,000 per month call center job His journey began. ,

Kamath started trading in stocks while working with a call center and took trading seriously after a year. The Zerodha co-founder said he started stock trading right after his father gave him some of his savings and asked him to “manage it”.

Kamath said, “He just had blind faith.”

He then convinced his call center manager to do the same. Kamath said, “It worked for him, he told others. Eventually, I didn’t go to work at all, but I was marked in attendance because I was managing the whole team’s money.” “And then I left to start Kamath Associates with my brother and in 2010 we launched Zerodha!”

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