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| Industry | Financial services[1] |
|---|---|
| Founded | May 2016[2] |
| Founder | Lalit Keshre, Harsh Jain, Neeraj Singh & Ishan Bansal[3] |
| Headquarters | , India |
Key people | Lalit Keshre (CEO)[1][4] |
| Services |
|
| Revenue |  ₹3,145 crore (US$380 million) (FY24)[5] |
| ₹535 crore (US$64 million) (FY24)[6] | |
| Parent | Billionbrains Garage Ventures Private Limited |
| Subsidiaries | Indiabulls AMC |
| Website | groww |
Groww Invest Tech Pvt. Ltd is an Indian stock broker and financial services company that is member of the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX).[7] It offers institutional and retail brokerage,[8][9] currency and commodity trading, mutual funds,[10] Exchange-traded fund (ETF),[11] credit business, asset management,[12] margin trading facility (MTF) business and bonds.[13][14][15] Groww is the largest broker in India with market share of 27 per cent and an active client base of 1.03 crore as of May 2024.[16][17][18]
Groww Invest Tech Private Limited (GIT) is the main operating entity of the Groww Group and is a wholly owned subsidiary of Billionbrains Garage Ventures Private Limited.[2]
- ^ a b "Groww's Lalit Keshre supports SEBI's efforts to regulate F&O trading".
- ^ a b "Groww: Making investing as easy as ecommerce".
- ^ "Beyond broking: What next for Groww?".
- ^ "Groww CEO apologises for app glitch: 'This time, it hurt a lot more'".
- ^ "Groww paid Rs 1,340 cr in domicile taxes in FY 24, doubles consolidated revenue to Rs 3,145 cr".
- ^ "Groww's $160 million tax payout; PhonePe's losses fall". The Economic Times.
- ^ "India's Groww valued at $3 billion in $251 million funding". 25 October 2021. Retrieved 25 October 2021.
- ^ "Top five discount brokers control 64.6 per cent of NSE volume in July". 17 August 2024.
- ^ "India's top 5 stock brokers control about over 60% of market".
- ^ Khanna, Surbhi (2 July 2024). "The scam that wasn't? Groww issues 6-point clarification on failed mutual fund investment". The Economic Times.
- ^ "Groww Vs. Zerodha: Which One Is Better 2024?".
- ^ "Groww Reports Rs 805 Crore Net Loss in FY24".
- ^ "Mutual Fund platform Groww to launch stock broking services".
- ^ "Exclusive: Groww eyes entry into India's growing cryptocurrency market". 6 October 2021.
- ^ "Groww faces backlash over investment error, credits amount to user in 'good faith'". 24 June 2024.
- ^ "Groww's active user base crosses 1 crore milestone in May".
- ^ "Groww banega crorepati: Active user base set to cross 1 crore in May".
- ^ Agarwal, Nikhil (14 August 2024). "Demat accounts: Groww market share crosses 25%, Zerodha continues to lose". The Economic Times.