India’s biggest stock broker company, Zerodha CEO Nithin Kamath revealed that the company has never hired IIT, and IIM Graduates.
However, the companies look for talent from IIT and IIM. On the other end, Zerodha does not prefer hiring from both institutions.
As the company believes that such institutes don’t produce graduates that are more focused on quickly developing their careers instead of thinking-long term about helping their business. As a company, Zerodha always looks forward to preferring passion over education degrees.
Zerodha CEO Nithin Kamath said during the podcast, “We’ve never hired a single person from IIT and IIM till now because we’ve found it very tough to fit such people within the organization,”
“The graduates from these organizations are “more focused on developing their careers instead of thinking about the growth of the company”, the Nithin said.
“At least for the core team, the people who do important stuff at Zerodha, we see if they’re passionate about the cause. Education doesn’t matter”, Nithin added.
Nithin Kamath further added, “The thing about IITs and IIMs is that when you’re in that kind of environment, you’re wired to think about how quickly you can grow in life. This culturally doesn’t fit well (at Zerodha) because we can’t tell people how quickly they can grow.”
“Zerodha’s criteria”. “If you’re okay getting up every day, doing something different, and looking to keep getting better as a business — if you’re okay with taking that chance, we can hire you,” he added.
Zerodha is an Indian financial services company that offers brokerage-free equity investments, retail, institutional broking, currencies, and commodities trading.
Founded in 2010, the company is headquartered in Bangalore and has a presence in nine Indian cities. It is also an official member of NSE’s consultative committee for growing business. As an organization, Zerodha has never spent any money on marketing. The company believes that the product will do the same.
