Saturday, Nov 27 2021 | Time 14:51 Hrs(IST)
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Business Economy


India needs big conscious businesses: Zerodha Founder Nithin Kamath

Bengaluru, Nov 25 (UNI) Zerodha Founder-CEO Nithin Kamath on Thursday said India needs a lot of big businesses that are conscious about what is happening around them.
"You can be a business that lets the product do the talking, that thinks about giving back. A conscious business. I think India needs that. India needs a lot of big businesses which are conscious about what is happening around them," he said.
"There is a concentration of wealth happening on the planet, and that’s only going to accelerate and I don’t see how things will change. I think wherever there is concentration of wealth, people should do more to give back," Kamath said at "Isha Insight - The DNA of Success."
The four-day programme is designed by Sadhguru to help entrepreneurs prepare for the next stage of their leadership journey, which is being attended by entrepreneurs, CEOs and CxOs from 20 countries across the world.
Kamath said intermediaries make their buck by making things complex and the first thing his company wanted was to make it transparent.
"In financial services, intermediaries really make their buck by making things complex and opaque. The first thing we wanted to do was to make it transparent. Our culture is based on doing what is best for the customer. If you can make a customer's life easier, you should go ahead and do it. Transparency is the foundation upon which we intend to build our organisation," he said.
Talking about the broking industry, Kamath said the company knew the opportunity to disrupt the existing broking or income venture, because the incentives were not aligned with the customer.
"We realised that there is an opportunity to go into the industry and clean up. There is a way to disrupt, just operationally, even if it’s not a product. There are things that can be done that are right for the customer," he said.

Speaking on the occasion, Isha Foundation Founder Sadhguru said the 21st century is about moving business leadership from Profit to Purpose.
Talking about having a clear purpose in business, the spiritual leader told the participants, “The most important thing is to cultivate a burning desire in your heart. If this occurs, you will notice that plans will come a plenty.”
Advising the participants not to become fixated on their plans, Sadhguru said that "plans are only tools to execute the purpose. How many lives you've changed, how far you've reached... These are the factors that will determine your success. You must show a purpose larger than yourself."
Sadhguru said, "Challenges are times or challenging times are the times when great leaders can be manifested. Challenging times are those times where you could rise as a big possibility as a leader in the world, because that is the time everybody looks for leadership. Because that is the time everybody is looking for someone who they can emulate."
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