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Small, but mighty? 'Real money is with Gujjus... Let that sink in,' Zerodha's Nithin Kamath says

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Zerodha CEO Nithin Kamath highlighted the contribution of Mumbai and Ahmedabad to the percentage of equity delivery trades despite a fall in the registered investor base, according to a social media post on X.
Nithin Kamath, co-founder of Zerodha, recently shared insights on the financial prowess of the Gujarati community in India, highlighting their significant influence in the stock market. In a post on X (formerly Twitter), Kamath pointed out that despite their relatively small population, Gujaratis are major players in the financial sector, often referred to as "Gujjus." He emphasized their entrepreneurial spirit and business acumen, noting that many of the top traders and investors in India come from this community. Kamath's comments were in response to a video by Raj Shamani discussing the economic impact of Gujaratis, where he mentioned that they control a substantial portion of India's wealth, with many of the country's richest individuals being Gujarati. This acknowledgment underscores the community's significant contribution to India's economic landscape.

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