Zerodha co-founder Nithin Kamath was named EY Entrepreneur of the 12 months 2024, a recognition that places him on the worldwide stage on the WEOY occasion in Monte Carlo. Reacting to the information, Kamath posted on X: “That is what the highest of the bull market appears like with a lag. A dealer successful the EY Entrepreneur of the 12 months 2024.”
Kamath’s win comes because the Indian inventory market grapples with a protracted downtrend. Over the previous 5 months, benchmark indices have tumbled, with the BSE Sensex dropping 14% from its September peak of almost 86,000 to Wednesday’s shut of 73,730.23—although it managed a 1% uptick that day.
The downturn has intensified in current weeks, partly on account of US President Donald Trump’s determination to impose tariffs on a number of nations.
Market consultants view investor sentiment as essentially the most bearish for the reason that Covid-induced crash of March 2020. The monetary influence is extreme, with retail buyers reportedly shedding between $500-700 billion. Share market investor and GQuant Investec founder Shankar Sharma weighed in on X: “Indian retail has misplaced $500-700 billion within the present bear market already. Nonetheless, count on the ‘cumin seed in camel mouth’ $12 billion tax reduce to assist (consumption).” The decline is feared to offset any middle-class reduction from the current tax cuts introduced within the price range.
That is what the highest of the bull market appears like with a lag
. A dealer successful the @EY_India entrepreneur of the 12 months 2024.
And there cannot me extra apt tune than, Zindagi Kaisi Yeg Paheli within the background. pic.twitter.com/vUC2QrHd1n
— Nithin Kamath (@Nithin0dha) March 6, 2025
Kamath, who bootstrapped Zerodha right into a billion-dollar brokerage agency, now joins an elite record of previous EY winners, together with Infosys’ N.R. Narayana Murthy (2003), Kotak Mahindra Financial institution’s Uday Kotak (2014), Biocon’s Kiran Mazumdar-Shaw (2020), and Cholamandalam’s Vellayan Subbiah (2024). His recognition extends past enterprise success to his contributions in fintech, climate-tech, and social influence initiatives.
With this win, Kamath will characterize India on the world EY World Entrepreneur Of The 12 months (WEOY) occasion in Monte Carlo in June 2025, the place the world’s high entrepreneurs will compete for the celebrated title.
The EOY 2024 winners collectively generate almost Rs 2 lakh crore in income, maintain a mixed valuation exceeding Rs 15 lakh crore throughout listed and unlisted firms, and make use of almost three lakh individuals worldwide.
Rajiv Memani, Chairman and CEO of EY India, emphasised the function of entrepreneurs as financial multipliers, stating, “Entrepreneurs are India’s greatest aggressive benefit and financial drive multipliers. EOY winners mirror the great influence Indian entrepreneurs are creating in India and globally.”
Ok.V. Kamath, chairman of Jio Monetary Companies and a Padma Bhushan awardee, was honored with the Lifetime Achievement Award for his contributions to India’s monetary providers sector, whereas ISRO chief Dr. S. Somanath acquired the Particular Jury Award for his management in India’s area ambitions.
The EOY 2024 jury, chaired by JSW Group’s Sajjan Jindal, included trade stalwarts like Roshni Nadar Malhotra (HCLTech), Sanjeev Bikhchandani (Data Edge), and Sunil Kant Munjal (Hero Enterprise), amongst others.
