YOUNG ALTRUISTS
Outlook Business|December 2023
The philanthropic activities and goals of Nithin and Nikhil Kamath, brothers and co-founders of online brokerage firm Zerodha, placed them among the top 10 individual givers in the country last year. This year, Nikhil topped up his commitment by pledging to give away half of his wealth
Vinita Bhatia
YOUNG ALTRUISTS

Abhishek Sinha, founder of GoodDot, a plant-based meat products start-up, still remembers his virtual interaction with Nithin Kamath, co-founder of online stock trading platform Zerodha. He found him grounded and eager to help companies better manage their sustainability initiatives through his Rainmatter Foundation. What struck Sinha the most was Nithin’s belief that “the next big wealth globally will be created by someone who will solve any of the critical problems related to climate.”

Sinha considers them the apt role models for India’s youngistan. They have successfully built a newage brokerage firm and taken it to the status of a unicorn, and, more significantly, achieved this feat while remaining bootstrapped. But more than this financial accomplishment, Sinha finds their aspiration for selfactualisation even more heartening. The brothers are known not just for their successful business venture but also for their philanthropic activities.

In 2021, the Kamath brothers had pledged a quarter of their wealth to philanthropy, with plans to donate Rs 750 crore over the next three years. They are ranked ninth in the list of individual givers in India, as per the EdelGive Hurun Philanthropy List 2022 which also states that their donations jumped 308% to reach Rs 100 crore in FY22. In June this year, Nikhil, 37, became the fourth and the youngest Indian to join the Giving Pledge, a global initiative by billionaires to promote philanthropy. He has committed to giving away 50% of his wealth. Other Indians in this list include former Wipro chairman Azim Premji, Biocon founder Kiran Mazumdar-Shaw and Infosys co-founder Nandan Nilekani and his wife Rohini.

هذه القصة مأخوذة من طبعة December 2023 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 2023 من Outlook Business.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من OUTLOOK BUSINESS مشاهدة الكل
'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'
Outlook Business

'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'

Increasing brand consciousness and awareness among consumers is helping expand the organised jewellery retail industry. MP Ahammed, chairman of Malabar Group, discusses prominent trends in the jewellery industry

time-read
1 min  |
November 2024
BATTLE TO WIN THE AI RACE
Outlook Business

BATTLE TO WIN THE AI RACE

In Supremacy, Parmy Olson tells the astonishing and behind-the-scenes story of the battle between the world’s two leading artificial intelligence firms, OpenAl and DeepMind and the continuing rivalry of its founders Sam Altman and Demis Hassabis respectively

time-read
5 mins  |
November 2024
A LEADER WHO EMPOWERS
Outlook Business

A LEADER WHO EMPOWERS

Anshul Arzare, MD and CEO of YES SECURITIES, wants to ensure a workplace where employees not only contribute to the company's vision but also feel content

time-read
2 mins  |
November 2024
EV Unplugged
Outlook Business

EV Unplugged

Electric vehicles are crucial to India’s climate change plan. But reliance on China for imports and technology constraints remain hurdles the sector needs to overcome

time-read
6 mins  |
November 2024
Every Lamborghini Owner is a Brand Ambassador
Outlook Business

Every Lamborghini Owner is a Brand Ambassador

Regional director of Automobili Lamborghini, Francesco Scardaoni, talks to Prachi Khanna about the brand’s approach to fostering a sense of community among its vehicle owners. Edited excerpts

time-read
3 mins  |
November 2024
NO ZEST FOR ZED
Outlook Business

NO ZEST FOR ZED

A government initiative to green MSMEs is not finding enough takers

time-read
4 mins  |
November 2024
SMALL PLANTS, BIG TROUBLE
Outlook Business

SMALL PLANTS, BIG TROUBLE

Climate-triggered stress is placing an unprecedented burden on small businesses. But a lack of access to climate aid hinders the sector's ability to adopt greener methods

time-read
6 mins  |
November 2024
'We Think About the Rider More Than Any Other Company
Outlook Business

'We Think About the Rider More Than Any Other Company

Rapido co-founder Aravind Sanka talks to Neeraj Thakur and Deepsekhar Choudhury about how flexibility and fair pay helped his company disrupt the Ola-Uber duopoly. Edited excerpts

time-read
3 mins  |
November 2024
LABOUR PANGS
Outlook Business

LABOUR PANGS

Rising cost of living in a fast-growing economy is making workers restless

time-read
5 mins  |
November 2024
'Hustle is No Virtue'
Outlook Business

'Hustle is No Virtue'

It has become fashionable to talk about the verb “hustle” these days, especially in professional settings.

time-read
3 mins  |
November 2024