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Nearly 90% of our employees will work from home permanently: Nithin Kamath, CEO of Zerodha


Nearly 90% of our employees work from home permanently: Zerodha CEO

Online brokerage platform Zerodha will have around 90% of its employees working from home permanently.

In a recent interview with Moneycontrol.com, Zerodha co-founder and CEO Nithin Kamath revealed that nearly 950 of its 1,100 employees will work from home permanently, while the core team will work in a hybrid model.

The fintech major allowed its employees to work from home and moved the entire operation online during the lockdown that followed the outbreak of the COVID-19 pandemic in 2020.

Zerodha had set up satellite offices in small towns in Karnataka while 85-90% of its employees worked remotely.

“We took a call to do permanent work from home and people love living in their small towns. Belagavi has amazing talent and we have a great team working there,” Mr Kamath said in a recent episode. of Moneycontrol Masterclass.

He added that Zerodha employees love working in a small town like Belgavi, and they have freelance cleaners and houses, which they could never think of affording in Bangalore.

In a series of tweets last month, the CEO suggested many of India’s problems could be solved by allowing employees to work from home permanently.

“As we all work together to figure out what we can do to help in the current situation, I think the only long-term solution for many of us is to move away from the big cities. This is the answer to many of India’s problems. And now is probably a good time to work on it,” Kamath tweeted.

The co-founder of Zerodha had said: “Major cities are choking and will continue to collapse every time we are tested, COVID today, it could be water shortages, pollution, floods , etc. Moving to smaller towns and villages will also create livelihoods there and reduce the carbon footprint. Also a much better quality of life.

Amid speculation about a possible fourth wave of Covid-19, many startups are taking several steps to avoid disruption to operations.

In February, Meesho, the Softbank-backed e-commerce company, also announced that it would permanently allow its employees to work from home, in the office or remotely.

In November last year, IT giant TCS announced that by 2025 only 25% of its employees would work in the office at any given time.

Zerodha, founded by billionaire brothers Nithin Kamath and Nikhil Kamath in August 2010, has become India’s largest online brokerage, with over 9 million customers.



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