Nithin Kamath Stock Portfolio and Holdings as of 2025
Nithin Kamath, co‑founder and CEO of Zerodha, is a self-made Indian billionaire with an estimated net worth of around ₹25,000 cr in 2025. Renowned for transforming India’s broking landscape, he has also diversified into investments across fintech, healthtech, edtech, climate tech, and aerospace. This article will explore who Nithin Kamath is, top Nithin Kamath stock picks, stock diversification strategies by Nithin Kamath and some of Nithin Kamath’s stock portfolio insights.
Nithin Kamath Stock Picks in the Investment Portfolio
| Stock Name | Holding Type | Details |
|---|---|---|
| Ather Energy Ltd | Public Equity Holding | Shares held via Kamath Associates |
| Nazara Technologies Ltd | Public Equity Holding | Shares held via Kamath Associates |
| InCred Holdings Ltd | Pre-IPO Strategic Investment | ₹250 cr minority stake pre-IPO |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Who is Nithin Kamath?
Nithin Kamath is the co-founder and CEO of Zerodha, India’s largest retail brokerage platform, which he launched in 2010 along with his brother, Nikhil Kamath. Nithin started his career as a stock trader and leveraged his market experience to build Zerodha, which disrupted the traditional broking industry with a low-cost, tech-driven model. Under his leadership, Zerodha has grown to serve millions of clients and has become a benchmark for fintech innovation in India.
About the Top Nithin Kamath Stock Picks
- Ather Energy Ltd: Ather Energy is an Indian electric vehicle manufacturer specialising in the design and production of intelligent, connected electric scooters. Known for models like the Ather 450X, the company is driving EV adoption in India with cutting-edge technology, robust charging infrastructure, and sustainability-focused innovation.
- Nazara Technologies Ltd: Nazara Technologies is a diversified gaming and sports media company. It operates across various segments, including mobile gaming, e-sports, interactive learning, and gamified early learning. With a growing global presence, it caters to India’s booming gaming ecosystem and targets rapid digital entertainment adoption across markets.
- InCred Holdings Ltd: InCred Holdings is a financial services group offering lending, asset management, and wealth solutions. It focuses on democratising access to credit through technology-driven platforms.
Sector-Wise Investments in the Nithin Kamath Portfolio
Nithin Kamath’s portfolio goes far beyond a few listed stocks. While holdings like Ather Energy and Nazara Technologies are visible through public filings, the bulk of his investments are in startups through Rainmatter, Zerodha’s investment arm, as well as his personal funding rounds. To better understand his portfolio, we examine Rainmatter’s reported deployment data and verified funding disclosures from 2021 to 2025.
- FinTech: The largest allocation is towards fintech, with major investments in CRED, InCred Holdings, Ditto Insurance, AssetPlus, and smallcase. These reflect Kamath’s conviction in India’s evolving digital finance ecosystem.
- HealthTech & Wellness: Significant focus on health-driven ventures like Ultrahuman, The Whole Truth Foods, Even, PeeSafe, and Gytree, signalling his strong interest in preventive care and wellness solutions.
- Climate & ESG: Strategic investments in sustainability-focused startups, including Climes, SolarSquare, and Akshayakalpa, highlight Kamath’s long-term commitment to climate action and environmentally conscious business models.
- EdTech & Learning: Stakes in Kalvium, Invact Metaversity, Stoa, and Sparkl Edventure represent his focus on education and lifelong learning, aligning with India’s growing demand for skill-building platforms.
- Aerospace & NewSpace: Investments in next-gen space tech ventures such as AgniKul, SatSure, and GalaxEye showcase his bet on India’s potential in aerospace innovation and satellite-based analytics.
- Consumer & F&B: Exposure to consumer brands like Licious, SuperYou, and The Whole Truth Foods reflects his interest in premium food and beverage startups catering to evolving consumer preferences.
Nithin Kamath’s Net Worth Trend
Nithin Kamath’s reported net worth varies significantly across sources because of differences in methodologies, reporting periods, and scope. Some lists calculate wealth for the Kamath family combined, while others focus on Nithin individually. Figures also change depending on whether estimates are based on Zerodha’s financials, private startup valuations, or currency conversions. In 2024, for example, Fortune India–Waterfield values the family at ₹41,520 cr, while Forbes places it closer to ₹69,720 cr, illustrating why these estimates should be viewed as indicative rather than exact.
Nithin Kamath Investment Strategy
Here are a few of the best stock portfolio strategies that the Nikhil Kamath Portfolio reflects
- Backing Innovation Early: Through Rainmatter, Kamath invests in early-stage startups solving structural problems in sectors like fintech, healthtech, climate tech, and aerospace.
- Sustainability Focus: A significant part of his portfolio targets climate-conscious ventures, highlighting his emphasis on businesses aligned with environmental and social impact.
- Diversification Across Sectors: While fintech remains the largest exposure, his portfolio includes significant allocations to health, consumer goods, education, and new-age tech like satellite analytics and space tech.
- Long-Term Commitment: Kamath avoids frequent trading in public markets. His preference for preferential allotments, and sustained startup funding reflects the Nithin Kamath long-term investment philosophy.
- Supporting Founders, Not Just Businesses: Kamath has repeatedly emphasised backing vision-driven founders rather than focusing purely on valuations, aiming to foster innovation and scalability.
Learnings from the Nithin Kamath Portfolio
Here are a few learnings and Nithin Kamath investment principles you may take back from the Nithin Kamath portfolio management strategies:
- Sectoral Shifts Matter: His allocations highlight high-growth sectors like fintech, healthtech, climate solutions, and space technology, showing where innovation is driving long-term value.
- Sustainability Is Strategic: Kamath’s consistent backing of climate-conscious ventures underscores the rising importance of environmentally aligned business models.
- Early-Stage Investing Pays Off: His stakes in startups such as CRED, Ultrahuman, and AgniKul demonstrate how identifying scalable ideas early can deliver significant upside.
- Private Markets Are Crucial: A large share of his wealth is tied to startup investments rather than public equities, showing how private markets are becoming central to wealth creation.
- Founder-First Approach: Kamath places more weight on visionary founders than valuations, betting on execution capability and long-term scalability.
- Partial Transparency: Since many of his holdings are in private companies, replicating his portfolio isn’t possible based on public data alone.
To Wrap It Up…
Nithin Kamath invests with a focus on innovation, sustainability, and founder-driven ideas, creating a portfolio that spans diverse sectors and growth stories. While it offers valuable insights into emerging opportunities, it is not a blueprint for replication and the Nithin Kamath investment tips may not always work for retail investors. Thoughtful due diligence remains key to informed investment decisions.
Frequently Asked Questions About the Nithin Kamath Stock Portfolio
Not much. While he holds shares in Nazara Technologies and Ather Energy via Kamath Associates, most of his investments are in early-stage startups rather than large listed companies.
In March 2024, the Kamath entities acquired 1.15 mn shares of Nazara Technologies via a preferential allotment worth around ₹100 cr. There are no verified reports of significant sales in 2025 so far.
No. A large portion of his stock portfolio for wealth creation is in private companies and startups, making it difficult to track all holdings or exact valuations. Only a few investments, like Nazara Technologies, are publicly disclosed.
Yes. Through Rainmatter Climate, he has invested in companies like Climes, SolarSquare, and Akshayakalpa, highlighting his interest in environmentally conscious ventures alongside financial returns.
Not directly. Since many of his investments are in private startups, they’re not accessible to retail investors. His portfolio is best used for insights into sectors he believes in, rather than a model to follow blindly.
