Nikhil Kamath Credits Zerodha’s Success To Being Run By Brothers, Says ‘We Run It Like Old School Shop’

Talking about managing Zerodha in an episode of his podcast, WTF is the Next Gen Thinking?, the entrepreneur said that 65 per cent of start-ups close down owing to fights among founders

Kamath said that they experienced several obstacles, however, the one thing the brothers never had is ‘anyone outside’.

Source : Facebook

Zerodha co-founder Nikhil Kamath recently shared his experience of running a company with his elder brother Nithin Kamath. Talking about managing Zerodha, the country’s largest online brokerage platform reportedly, in an episode of his podcast, WTF is the Next Gen Thinking?, the entrepreneur said that 65 per cent of start-ups close down owing to fights among founders.

He said that Zerodha’s success should be attributed to the fact that it is run by brothers. Sharing their experience of running the company together, Nikhil Kamath said, “We have an added advantage of being brothers and we do completely different things. All my time is spent doing stock market-related stuff, all his time is spent on people and broking-related stuff so we don't get into each other's way. We just happen to compliment each other, but that being said, there are times when egos come into play. There are times when misunderstandings happen. Luckily for us, things that really helped was that from the very beginning we had everything on paper.”

Kamath said that they experienced several obstacles, however, the one thing the brothers never had is ‘anyone outside’. “We have not had investors, we have not had debt, we have run it like an old school shop in the farce of a modern company. That helped, but still, there will be misunderstandings and neither of us generally agree whenever there is a misunderstanding but if it's anything to do with stock market, investing, trading-related stuff, I take the final call. If it's his part of the business -- anything related to people, product, broking all of that, he takes the call,” he explained.

About 2 years earlier, Nithin Kamath echoed his younger brother's words and credit him for being a better trader. In the post he said, "Anyways Nikhil Kamath is a much better trader than me. When we started, the idea was he would trade & I attempt to build Zerodha. If it didn't work, I'd get back to trading. It did & Nik continues trading full-time. His trading profits in the first 2yrs is how we could build without VCs ."