Nikhil Kamath, co-founder of Zerodha, recently disclosed that he has made a significant investment in a liquor company during one of his podcast episodes. The 37-year-old entrepreneur shared that he holds a 1.6-1.7% stake in Radico Khaitan, a renowned liquor manufacturer in India. The investment amounts to approximately ₹400 crore and was acquired through transactions on the open market. This revelation marks a new milestone in Kamath’s diverse portfolio of investments.
Radico Khaitan, the company in which Kamath has invested, is known for producing popular brands such as Magic Moments vodka, 8PM Whisky, Old Admiral brandy, and Rampur single malt, among others. With a market capitalization of ₹22,949 crore, Radico Khaitan has a strong foothold in the beverage industry and continues to attract investors like Kamath.
During the podcast episode, Kamath was accompanied by key figures in the industry, including Abhishek Khaitan, the Managing Director of Radico Khaitan, and other notable personalities. The conversation shed light on the strategic move made by Radico Khaitan in 1997 to transition from bottling to branded beverages, a decision influenced by the vision of Lalit Khaitan and his son Abhishek.
Furthermore, the competitive landscape of Radico Khaitan includes prominent players like United Spirits, Stilldistilling Spirits India, and Third Eye Distillery Holdings. These companies pose challenges and opportunities for Radico Khaitan in the dynamic market environment of the liquor industry. Kamath’s investment in the company adds another dimension to his entrepreneurial journey, showcasing his interest in diverse sectors and his strategic investment approach.
Overall, the disclosure of Kamath’s investment in Radico Khaitan highlights the synergy between prominent entrepreneurs and established businesses in India’s evolving business landscape. As Kamath continues to expand his investment portfolio and explore new opportunities, his journey serves as an inspiration for aspiring entrepreneurs and investors seeking to make a mark in the business world.
