Pranjal Kamra: From Law School to Financial Guru – The Journey Behind Finology
Who is Pranjal Kamra?
Pranjal Kamra is the founder of the fintech startup Finology. He is a remarkable example of unconventional paths leading to exceptional success. Pranjal’s journey from an ordinary law school student to one of India’s most popular financial educators and entrepreneurs is both inspiring and fascinating.
Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at Sovrenn Discovery.
Early Life and Education
Pranjal didn’t have a promising start academically. In his own words, he was consistently bad in studies during school. He was shy and timid, his teachers often regarded him as barely audible in class. However, a pivotal moment occurred when his Hindi teacher’s remark about his inaudibility spurred him to improve his public speaking skills. He spent hours practising in front of the mirror, which eventually transformed his confidence. Despite his speaking skills improving, academics remained a struggle. When Pranjal’s parents suggested he prepare for the Common Law Admission Test (CLAT) and pursue law, he complied, primarily to keep them satisfied. He cleared CLAT and enrolled at Hidayatullah National Law University (HNLU) in 2011.
The Law School Journey
Though his law school journey began with little interest, Pranjal’s exposure to research made him realise that law was not his calling. On his first day, he knew that becoming a lawyer wasn't for him. However, rather than quit, he immersed himself in other activities, most notably the India Against Corruption Movement in his second year. This involvement gave him an early glimpse into politics, decision-making, and power dynamics.
It was a crucial period of growth for him, both personally and professionally. Law school was an academic challenge for Pranjal, who ranked 131 out of 145 students. But he found solace in participating in parliamentary debates, where he excelled. Despite limited social interactions, his debating prowess gained him respect among his peers.
Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education
The Shift to Finance
In his third year, Pranjal’s interest in finance sparked when he stumbled upon a stock market show on television. Captivated by the dramatic presentation of stock advice, Pranjal decided to try his luck in investing. His father gave him ₹20,000 with the condition that if he lost it, he would focus entirely on law. His Beginner’s luck worked in his favour. His investment in TVS Motors grew tenfold in one year.
This success ignited a passion for finance, but subsequent failures in other stock picks made him realise the need to learn the intricacies of the stock market. He began to read extensively about legendary investors like Warren Buffett. When he learned about the National Institute of Securities Markets (NISM), he saw it as his true path. Against his family’s wishes, Pranjal secretly applied for the NISM entrance exam instead of the CLAT LLM exam, which marked a turning point in his life.
The Birth of Finology
After completing his post-graduation from NISM in 2017, Pranjal’s next step was to address the rampant mis-selling and biassed financial advice he had encountered in the industry. Armed with determination but limited resources, he launched Finology as an expanded blog, aiming to provide unbiased, research-backed financial and legal advice. Starting with YouTube videos in June 2017, Pranjal spent six months creating content that received little to no attention. But his persistence paid off when his 61st video went viral, marking the beginning of Finology's upward trajectory. Today, the platform offers a wide range of financial education, research tools, and advisory services. It is Chhattisgarh’s first SEBI-registered investment advisory firm, and it provides a unique combination of financial and legal services.
Also Read: Raj Shamani: From Humble Beginnings to a successful Businessman, speaker and content creator
The Vision Behind Finology
Pranjal’s vision for Finology was shaped by his desire to help everyday investors make informed financial decisions without falling prey to biased advice. He believed in making finance simple, a philosophy that stemmed from his own struggles with complex financial tools like Excel. This approach led his team to create user-friendly products that simplified the understanding of stock values.
Despite being a value investor who believes in long-term wealth creation, Pranjal emphasises the importance of avoiding risky and speculative investments. He advises newcomers to steer clear of gambling activities such as investing in penny stocks or derivatives. Instead, he promotes disciplined investing, urging people to save 25% of their income and invest it wisely.
Pranjal Kamra wife
Pranjal met his girlfriend, Priya Jain in 200. She is a law graduate. She is the co-founder of Finology, and she is the head of legal studies and taxation. Priya also runs youtube channel Finology legal. Pranjal married his girlfriend Priya in 2023.
A Life of Learning and Growth
Pranjal Kamra’s story is one of continuous learning and resilience. From a timid schoolboy to the founder of a fintech company with a strong following, he never stopped honing his skills. His journey from law to finance was marked by challenges, but his refusal to give up on his passions allowed him to build something meaningful. Through Finology, Pranjal is helping thousands of people navigate the stock market, offering not just financial tools but also online courses that cover both financial and legal topics.
His mission is clear: to create a platform where people can make informed decisions that lead to long-term financial security. Pranjal Kamra’s story is a testament to the power of persistence, self-belief, and the ability to turn failures into stepping stones for success. His journey from Raipur to becoming a prominent figure in the world of finance is an inspiring example for anyone who dares to follow their dreams against all odds.