I recently interview Nithin Kamath, Founder & CEO of Zerodha for a show of mine. Now as you must be knowing, Zerodha is the largest stock brokerage firm in the country. It uses technology to make trading and investing in stocks easy and cheap for its customers.
Zerodha recently won the Startup of the Year award 2020 from The Economic Times.
An interesting data point was shared by Nithin. He said the company took 9 1/2 years to get to 2 millions customers and 5 months to get the next million. Clearly, the Covid19 lockdown has been good for Zerodha’s business. But the startling fact he shared was that Zerodha had managed this growth without hiring any new personnel.
That makes one think about employment or rather unemployment rates for the days ahead. This isn’t ab argument for or against technology – technology will keep making an impact. It’s about this serving as a wake up call to people planning their careers, who need to keep in mind that jobs can quickly become obsolete.
So it’s more important than ever before to re-skill, up-skill, add new competencies or sharpen existing ones. Maybe it’s even time to explore leaving the comfort of that guaranteed pay check at the end of the month and take the leap of faith into the pool of entrepreneuership.
The bottom line is keep updating, keep evolving.
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