Nithin Kamath is EY Entrepreneur of 2024

K.V. Kamath, Chairman of Jio Financial Services, was honoured with the Lifetime Achievement Award in recognition of his substantial contributions to the country’s financial services sector

In a celebration of entrepreneurial excellence, Nithin Kamath, founder and Chief Executive Officer of Zerodha, has been awarded the esteemed EY Entrepreneur of the Year Award 2024 (EOY).

An eminent 10-member jury, acknowledged his groundbreaking low-margin and high-volume strategy that transformed the brokerage industry. A self-made entrepreneur, Kamath has not only bootstrapped Zerodha to a billion-dollar valuation but also actively supports start-ups in fintech and climate space, and sears by social initiatives.

Incidentally, he will represent India at the global stage during the EY World Entrepreneur of the Year Award (WEOY) ceremony at Monte Carlo slated to be held in June.

Union Minister of Environment, Forest and Climate Change Bhupender Yadav felicitated Nithin Kamath, KV Kamath and Dr. S Somanath along with other EOY 2024 winners.

The winners in other categories include Pradeep Rathod, CMD, Cello World (Consumer Products and Retail category); Rajesh Magow, co-founder and Group CEO, MakeMyTrip (Services); Himanshu Baid, Managing Director and CEO of Poly Medicure (Life sciences and Healthcare); Meher Pudumjee, Chairperson, Thermax (Manufacturing); Pirojsha Godrej, Executive Chairman, Godrej Properties (Real Estate and Infrastructure); Kamesh Goyal, founder and Chairman, Go Digit General Insurance (Startup); Sameer Nigam, co-founder and CEO of PhonePe (Business Transformation) and Dr. Anish Shah, Managing Director and CEO of Mahindra Group (Entrepreneurial CEO).

In a video message, Commerce and Industry Minister Piyush Goyalsaid, "This award serves as a beacon of global innovation and a celebration of those who redefine the power of possibilities. May this milestone ignite their drive to dream, innovate, and propel India towards Viksit Bharat 2047."

The EOY 2024 winners boast of collective revenue of nearly INR two lakh crore with a combined valuation (listed and unlisted companies) of over Rs. 15 lakh crore and are instrumental in providing employment to almost three lakh individuals across the globe.

Rajiv Memani, Chairman and CEO, EY India, said, "Entrepreneurs are India’s biggest competitive advantage and economic force multipliers. EOY winners reflect the tremendous impact Indian entrepreneurs are creating in India and globally.”

K.V. Kamath, Chairman of Jio Financial Services, was honoured with the Lifetime Achievement Award in recognition of his substantial contributions to the country’s financial services sector. His visionary leadership has inspired leaders across the industry.

Dr. S. Somanath received the Special Jury Award in recognition of his instrumental contributions to space ambitions by leading India’s landmark space missions, establishing a legacy of innovation and outstanding scientific achievement.