Zerodha CEO Nithin Kamath Named EY Entrepreneur of the Year 2024
Zerodha co-founder and CEO Nithin Kamath has been named the EY Entrepreneur of the Year 2024. A 10-member jury selected Kamath for his transformative low-margin, high-volume approach, which has reshaped the brokerage industry. He will now represent India at the EY World Entrepreneur of the Year award in Monte Carlo in June 2025.
Zerodha co-founder and CEO Nithin Kamath has been named the EY Entrepreneur of the Year 2024. A 10-member jury selected Kamath for his transformative low-margin, high-volume approach, which has reshaped the brokerage industry. He will now represent India at the EY World Entrepreneur of the Year award in Monte Carlo in June 2025.
The 26th edition of the awards also saw KV Kamath receiving the Lifetime Achievement Award, which was presented by the chief guest, Union Minister Bhupendra Yadav. The event was virtually addressed by Union Minister Piyush Goyal, who praised entrepreneurs for redefining the power of possibilities.
“This feels truly special. As an entrepreneur, I often ask myself what matters more: market cycles or business skills? The answer is usually market cycles. I started trading 27 years ago, which eventually led to the founding of Zerodha. Our idea was simple—offer low-cost broking, a stable platform, and transparent services. The tipping point for us came in 2016 with Aadhaar, which enabled digital onboarding, and our business grew exponentially from there,” Kamath said while accepting the award.
Other Winners at the EY Entrepreneur of the Year 2024 Awards
Several other business leaders were recognized across different categories:
- Consumer Products and Retail: Pradeep Rathod, Chairman and MD, Cello World
- Services: Rajesh Magow, Co-Founder and Group CEO, MakeMyTrip
- Lifesciences and Healthcare: Himanshu Baid, MD and CEO, Poly Medicure
- Manufacturing: Meher Pudumjee, Chairperson, Thermax
- Real Estate and Infrastructure: Pirojsha Godrej, Executive Chairman, Godrej Properties
- Startup Category: Kamesh Goyal, Founder and Chairman, Go Digit General Insurance
- Business Transformation: Sameer Nigam, Co-founder and CEO, PhonePe
- Entrepreneurial CEO: Dr. Anish Shah, MD and CEO, Mahindra Group
Additionally, Dr. S Somanath, former chairman of ISRO, received the Special Jury Award for his outstanding contributions to India’s space missions.
Recognizing India’s Entrepreneurial Impact
EY India Chairman and CEO Rajiv Memani emphasized the significant role of Indian entrepreneurs in driving economic growth. “Entrepreneurs are India’s biggest competitive advantage and economic force multipliers. This year’s winners are not only transforming their industries but also building strong, sustainable businesses,” Memani stated.
The winners collectively generate a revenue of nearly Rs 2 lakh crore and have a combined valuation (across listed and unlisted companies) exceeding Rs 15 lakh crore. Their businesses provide employment to nearly three lakh individuals globally.
Piyush Goyal lauded the winners, stating, “I commend EY’s 26th awards event and congratulate the winners who turn ideas into industries, dreams into disruption, and challenges into opportunities. May this milestone further ignite their drive to dream, innovate, and propel India towards Viksit Bharat 2047.”
The EY Entrepreneur of the Year Awards remains one of the most prestigious recognitions in the business world, honoring visionaries who redefine industries and set new benchmarks for excellence.
Sources By Agencies
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