Latest news with #Kamath
Mint
8 hours ago
- Business
- Mint
‘If anyone can expand markets beyond top 10 cr Indians...': Zerodha's Nithin Kamath on Jio-BlackRock's broking biz move
Online brokerage platform Zerodha's Chief Executive Officer (CEO), Nithin Kamath, in a social media post on LinkedIn, said that Jio-BlackRock entering the stock broking business is 'great news,' highlighting the need for wider participation in the Indian markets. According to Nithin Kamath, the Indian market is limited to only the nation's top 10 crore people participating due to the lack of wider audience reach. 'Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians,' said Kamanth in his LinkedIn post. He said that if any company can expand the current market, it is Jio-BlackRock with its distribution power. 'If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might. As for how many new Indian investors have the money to invest in the market, I don't know,' he said. Kamath focused on how Zerodha is not chasing"vanity metrics," and its idea is to stay profitable and stick to the principles and philosophies that have gotten it this far. 'At the heart of our philosophy is to always do the right thing for customers,' said Kamath in his LinkedIn post on 2 July 2025. Zerodha's philosophy is not to push customers to trade and ensure that there are no unnecessary notifications, dark patterns, etc, highlighted Kamath, stating that success over the long term has better odds if customers trade less. 'We understand that in the long term, the odds of success are better if customers trade less; most of our product decisions are based on this. We're not interested in acquiring customers using one plan and changing the pricing later,' said Kamath in his post. Zerodha CEO also said that the company is not in a hurry and is working for the 'long haul' to offer the best products and help the customers grow with the brokerage. However, Nithin Kamath also highlighted that the same can not be said about other financial services businesses in the sector, who are constantly seeking to grow their business at any cost. 'And yeah, I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking. I somehow don't feel it is really going to be from incumbents. This is not a business where having deep pockets means you have a large moat,' said Kamath, sharing his perspective through the LinkedIn post.
Time of India
12 hours ago
- Business
- Time of India
Zerodha's Nithin Kamath on JioBlackRock's stockbroking license: Deep pockets won't help
Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians. If anyone can expand the markets beyond the… — Nithin Kamath (@Nithin0dha) July 2, 2025 Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JioBlackRock getting a stockbroking license from the market regulator, Securities and Exchange Board of India ( Sebi ), is not a reason for Zerodha Founder and CEO Nithin Kamath to lose sleep. For him, the real competition will come from first-generation founders who are running, breathing, and always thinking about broking and not from a business with deep pockets."... I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking. I somehow don't feel it is really going to be from incumbents. This is not a business where having deep pockets means you have a large moat," Kamath tweeted on Wednesday on his official X this, he sees JioBlackRock's entry to the broking business as a positive as the Indian markets lack breadth in terms of investor participation. Zerodha's own customer base is 10 crore Indian out of the over 1.4 billion population."Many people asked me about JioBlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians. If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might. As for how many new Indian investors have the money to invest in the market, I don't know," the tweet claimed that Zerodha is not chasing numbers and his idea is to stay profitable while sticking to the principles and philosophies that brought the company so far."How do we think about broking? We are not chasing vanity metrics. The idea is to stay profitable and, more importantly, ensure that we stick to the principles and philosophies that have gotten us this far. At the heart of our philosophy is to always do the right thing for customers," the tweet said."This means not pushing customers to trade and ensuring there are no unnecessary notifications, dark patterns, understand that in the long term, the odds of success are better if customers trade less; most of our product decisions are based on this. We're not interested in acquiring customers using one plan and changing the pricing more...," it said said that his discount brokerage was in no hurry and was up for the long Read: Jio BlackRock receives Sebi approval to start brokerage business; JFSL stock up 5% "So yeah, we are in no hurry. We are in it for the long haul and are always working to ensure we have the best product offerings that help our customers grow with us. I don't know if you can say the same about many other financial services businesses in the industry, who are constantly looking to grow at any cost," Kamath Zerodha co-founder finally added that he could be wrong in his assessment. "But yeah, I might be wrong," he said. Jio BlackRock Broking Pvt Ltd. received regulatory approval from Sebi to commence operations as a brokerage firm in India on June 27. The company is a wholly owned subsidiary of Jio BlackRock Investment Advisers.
Economic Times
12 hours ago
- Business
- Economic Times
Zerodha's Nithin Kamath on JioBlackRock's stockbroking license: Deep pockets won't help
JioBlackRock getting a stockbroking license from the market regulator, Securities and Exchange Board of India (Sebi), is not a reason for Zerodha Founder and CEO Nithin Kamath to lose sleep. For him, the real competition will come from first-generation founders who are running, breathing, and always thinking about broking and not from a business with deep pockets. ADVERTISEMENT "... I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking. I somehow don't feel it is really going to be from incumbents. This is not a business where having deep pockets means you have a large moat," Kamath tweeted on Wednesday on his official X handle. Notwithstanding this, he sees JioBlackRock's entry to the broking business as a positive as the Indian markets lack breadth in terms of investor participation. Zerodha's own customer base is 10 crore Indian out of the over 1.4 billion population. "Many people asked me about JioBlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians. If anyone can expand the markets beyond the top 10 crore Indians, it's probably Jio with all its distribution might. As for how many new Indian investors have the money to invest in the market, I don't know," the tweet said. blockquote class="twitter-tweet"p lang="en" dir="ltr"Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore anyone can expand the markets beyond the…/p— Nithin Kamath (@Nithin0dha) a href=" 2, 2025/a/blockquote script async src=" charset="utf-8"/script Kamath claimed that Zerodha is not chasing numbers and his idea is to stay profitable while sticking to the principles and philosophies that brought the company so far. ADVERTISEMENT "How do we think about broking? We are not chasing vanity metrics. The idea is to stay profitable and, more importantly, ensure that we stick to the principles and philosophies that have gotten us this far. At the heart of our philosophy is to always do the right thing for customers," the tweet said."This means not pushing customers to trade and ensuring there are no unnecessary notifications, dark patterns, etc. ADVERTISEMENT We understand that in the long term, the odds of success are better if customers trade less; most of our product decisions are based on this. We're not interested in acquiring customers using one plan and changing the pricing more...," it said said that his discount brokerage was in no hurry and was up for the long haul. ADVERTISEMENT Also Read: Jio BlackRock receives Sebi approval to start brokerage business; JFSL stock up 5%"So yeah, we are in no hurry. We are in it for the long haul and are always working to ensure we have the best product offerings that help our customers grow with us. I don't know if you can say the same about many other financial services businesses in the industry, who are constantly looking to grow at any cost," Kamath said. ADVERTISEMENT The Zerodha co-founder finally added that he could be wrong in his assessment. "But yeah, I might be wrong," he said. Jio BlackRock Broking Pvt Ltd. received regulatory approval from Sebi to commence operations as a brokerage firm in India on June 27. The company is a wholly owned subsidiary of Jio BlackRock Investment Advisers. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
IPO-bound Pine Labs to appoint Avendus' Sameer Kamath as new CFO
Academy Empower your mind, elevate your skills Initial public offering (IPO)-bound merchant payments company Pine Labs is set to appoint Sameer Kamath as its new chief financial officer, according to two people in the is currently the group chief financial officer (CFO) at the Mumbai-based investment bank Avendus Capital . He is set to join the digital payments company soon, ET has has spent over two decades in the financial services industry. Prior to Avendus, Kamath was the group CFO at Mumbai-based broking firm Motilal queries to Pine Labs went appointment comes after the exit of Marc Mathenz, its Singapore-based CFO, who resigned in June, just before the company filed its draft prospectus with the stock market regulator, Securities and Exchange Board of India (Sebi).'Pine Labs needed an Indian CFO since the company reverse-flipped its parent entity from Singapore to India,' said one of the persons in the appointment comes with Shalini Saxena set to return to the Gurugram-based firm as its general counsel. Bar and Bench was the first to report this was the general counsel, or the top legal official, at Pine Labs between 2019 and 2022, after which she had moved to crypto exchange startup CoinDCX as its legal head. Now she is set to join Pine Labs Kush Mehra, chief business officer; Sumit Chopra, chief operating officer; and Navin Chandani, chief business officer of the issuing business, are a few of the key personnel at Pine Labs, which counts erstwhile PayU top executive Amrish Rau as its current chief executive company filed its DRHP on June 27, seeking to raise Rs 2,600 crore through a fresh issue of shares and an offer-for-sale (OFS) of up to 147.8 million shares. The company is looking for a valuation of $4.5 to $5 billion through the public issue. It counts the likes of Peak XV Partners, Mastercard, PayPal, and Actis among its major shareholders.
Economic Times
3 days ago
- Business
- Economic Times
Forget BTech. Zerodha's Nikhil Kamath says only one skill will matter to stay relevant in job market in 10 years
Agencies Zerodha's Nikhil Kamath, citing the WEF's Future of Jobs Report 2025, warns that automation will replace millions of jobs by 2030, urging workers to embrace lifelong learning. Zerodha co-founder Nikhil Kamath has struck a chord, sparking both debate and reflection across the internet. Drawing from the World Economic Forum's Future of Jobs Report 2025, Kamath's warning isn't just about automation; it's about survival in an evolving world of work where adaptability has become the most valuable skill of all. 'The days of four-year college courses are over. Lifelong learning is the new norm—for everyone.' he declared in his X (formerly Twitter) post. By 2030, technology is projected to perform 34% of all tasks, up sharply from 22% today. The human share will decline to 33%, while hybrid models—where people and machines collaborate—will also account for a third of work. This quiet but steady encroachment signals a foundational shift in the nature of employment. According to the WEF report, 92 million jobs will be displaced globally by 2030. At the same time, 170 million new jobs will be created, resulting in a net increase of 78 million positions. Yet Kamath emphasizes that this growth hides a critical truth: it is only the adaptable who will benefit. 'You can't rely on what you learned a decade ago,' he says, issuing a call for continuous reinvention. — nikhilkamathcio (@nikhilkamathcio) Kamath's post resonated deeply with younger audiences, especially as he questioned the very foundation of conventional education. 'What jobs will be relevant in 10 years?' he asks. 'Personally, I think the days of 4-year college courses are over.' His point is reinforced by WEF projections that 39% of today's core skills could be obsolete by the decade's end. The skills expected to grow fastest include AI and big data, cybersecurity, analytical thinking, creative problem solving, and environmental stewardship. In response, 77% of companies plan to retrain their staff, while 69% will hire AI tool builders. However, a sobering 41% of employers also admit they will downsize roles that are vulnerable to automation. The job market is not only expanding—it is transforming. Green transitions will create over 34 million agricultural jobs, while digital consumer habits will fuel rising demand for software developers and delivery workers. But traditional roles—cashiers, clerks, secretaries—are on the chopping block. This evolution is not just technological but structural. While 63% of businesses already face disruptions due to skill gaps, only 59% of employees are expected to be upskilled. Alarmingly, one in every nine workers may never receive the reskilling they urgently need. Beyond technology, hiring priorities are being reshaped by inclusion goals. In India, 95% of employers now claim to have Diversity, Equity and Inclusion (DEI) priorities. Globally, women (76%), people with disabilities (56%), and Gen Z workers (52%) top the inclusion agenda. Still, even as 75% of employers express confidence in nurturing internal talent, 38% remain unsure about the adequacy of skills in new hires. Kamath's post sparked a wave of reactions from netizens. Some echoed his concerns, citing the irreplaceable value of upskilling. 'AI will change the game but it will create new jobs,' wrote one user. Another warned, 'Tech may outperform memory or speed, but it can't replace trust, meaning, or real connection.' Others, however, pushed back, calling online certificate-based education a 'scandal,' advocating instead for reforming undergraduate education to ensure quality and depth. A common thread emerged in the responses: the difficulty of self-regulated learning. Many users emphasized that while upskilling is critical, not everyone thrives outside structured environments. As machines grow smarter, roles become more fluid, and skills lose their shelf life faster than ever before, Kamath's message rings loud and clear: those who resist change risk becoming obsolete. The future of jobs isn't just about adapting to technology—it's about transforming mindsets, embracing flexibility, and committing to perpetual learning. In an era where the rules of employment are being rewritten, the question is no longer 'What do you do?' but 'How fast can you evolve?' ( Originally published on Jun 26, 2025 )
