The Zerodha co-founder talks about his initiative to encourage philanthropy among youngsters, and the shift in the way the wealthy have been thinking about giving back to society
Nikhil Kamath, co-founder of Zerodha
Nikhil Kamath, co-founder of Zerodha, India’s biggest stock brokerage company in terms of volume of trade, has launched the Young India Philanthropic Pledge (YIPP), where signatories, all under 45 years of age, will pledge 25 percent of their wealth with a minimum spend of Rs1 crore per year.
Kamath, 35, is the youngest philanthropist on the Edelgive Hurun India Philanthropy List 2021, where he debuted with his 42-year-old brother, Zerodha co-founder and CEO Nithin [also a signatory to the YIPP], with a donation of Rs25 crore. The brothers, who recently pledged a quarter of their personal wealth to philanthropy, have plans to give back Rs750 crore over the next three years.