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Groww Reports 1.3 Million Active Clients With a 29% Market Share
Groww
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More news about Groww
29May 26
Jefferies Reiterates Buy on Groww with Target Price of ₹225, Cites Strong Execution and Growth Opportunities
Jefferies has reiterated its Buy rating on Groww with a target price of ₹225, citing strong execution, wealth-management and cross-sell opportunities, broking market-share gains, and MTF scale-up as key positives. Stable consumer lending behavior further supports the constructive view. Key concerns include wealth-management scalability and regulatory risks. At 1.1x PEG, Jefferies views the risk-reward as favorable.
11May 26
Tiger Global Plans to Sell 5% Stake in Groww Through Block Deal at 5-7% Discount to CMP
Tiger Global plans to sell a 5% stake in Groww through a block deal this week, as reported by CNBC TV18. The stake sale is expected to be executed at a discount of 5-7% to the current market price. The transaction represents a notable secondary market event for the fintech company.
26Apr 26
Groww Releases Official Q4 FY26 Earnings Call Transcript Under Regulation 30
Groww's parent company officially released its Q4 FY26 earnings call transcript showing strong derivatives performance with 10.6% market share, 17 lakh active F&O customers, and strategic focus on wealth management expansion through Fisdom acquisition and new product launches including W for Groww and Groww Prime.
22Apr 26
Groww Publishes Audited Financial Results for FY26 in Newspaper Publications
Billionbrains Garage Ventures Limited (Groww) published its audited financial results for the quarter and year ended March 31, 2026 in Financial Express and Kannada Prabha newspapers on April 21, 2026. The Board approved these results on April 20, 2026, and they are available on the company website at www.groww.in, ensuring compliance with SEBI Listing Regulations 30 and 47.
20Apr 26
Groww Uploads Key Performance Indicators in Compliance with SEBI Regulations
Billionbrains Garage Ventures Limited (Groww) has uploaded its Key Performance Indicators on its investor relations website in compliance with SEBI regulations. The disclosure was made to BSE and NSE on April 20, 2026, referencing the company's prospectus dated November 7, 2025. The communication was digitally signed by Company Secretary Roshan Dave.
15Apr 26
BofA Securities Initiates Buy Rating on Groww with Target Price ₹235
BofA Securities has initiated Buy coverage on Groww with ₹235 target price, projecting 30% revenue CAGR for FY26-28 and exceptional margins of 67% EBITDA and 52% PAT by FY28. The positive outlook is supported by retail investing trends, though risks include capital market weakness and lock-in expiry.
14Apr 26
Groww Schedules Board Meeting and Earnings Call on April 20, 2026 for Q4FY26 Results
Groww has scheduled a board meeting on April 20, 2026 to approve audited financial results for Q4FY26 and FY26, followed by an earnings conference call at 4:00 PM IST for analysts and investors. The company has implemented trading window restrictions from April 01, 2026 and requires pre-registration for earnings call participation.
14Apr 26
Groww Submits Quarterly Compliance Certificate for Q4 FY26 to Stock Exchanges
Billionbrains Garage Ventures Limited (Groww) filed its Q4 FY26 compliance certificate with BSE and NSE on April 14, 2026, pursuant to SEBI depositories regulations. The certificate, provided by registrar MUFG Intime India Private Limited, confirms proper processing of dematerialisation requests and adherence to prescribed timelines during the quarter ended March 31, 2026.
02Apr 26
Groww Receives CARE AA Stable Issuer Rating from CARE Ratings Limited
Billionbrains Garage Ventures Limited (Groww) announced the assignment of CARE AA Stable issuer rating by CARE Ratings Limited on April 01, 2026. The company informed BSE and NSE about this development in compliance with SEBI regulations, with the rating information also made available on the company's website for stakeholder transparency.
26Mar 26
Groww Receives CCI Approval for State Street Global Advisors Investment Transaction
Billionbrains Garage Ventures Limited (Groww) has secured Competition Commission of India approval for its proposed investment transaction with State Street Global Advisors involving Groww Asset Management Limited. The CCI approved the transaction bearing Registration No. C-2026/02/1385, though the formal order remains pending. This milestone follows the company's January 14, 2026 Board approval for executing the Share Subscription and Share Purchase Agreement and Shareholders' Agreement among the parties.
23Mar 26
Fortune First Trust Pledges 6.25 Million Groww Shares to Aditya Birla Capital
Fortune First Trust, a promoter group entity of Billionbrains Garage Ventures Limited, has created a share encumbrance by pledging 6,250,000 shares to Aditya Birla Capital Limited for personal reasons. The pledge represents 0.10% of the company's total share capital and was executed on March 13, 2026, with regulatory compliance disclosure made on March 20, 2026.
14Mar 26
Groww Grants 6,04,009 Stock Options to Employees Under ESOP Scheme 2024
Billionbrains Garage Ventures Limited (Groww) granted 6,04,009 stock options to eligible employees under ESOP Scheme 2024 on March 14, 2026. The options have an exercise price of Rs. 2 per option, convertible into equity shares with Rs. 2 face value, and can be exercised within 10 years from vesting date. The grant complies with SEBI regulations and has been disclosed to BSE and NSE.
06Mar 26
Groww Allots 10 Crore Equity Shares to Employee Welfare Trust Under ESOP Scheme
Billionbrains Garage Ventures Limited has allotted 10,00,00,000 equity shares with face value of Rs. 2/- each to the Groww Employee Welfare Trust under its Employee Stock Option Scheme 2024. The allotment, approved on March 06, 2026, increased the company's paid-up share capital from Rs. 1234,71,93,262 to Rs. 1254,71,93,262, raising total equity shares to 627,35,96,631. The shares will be transferred to eligible employees upon exercise of their stock options, with the company completing formalities for listing and trading approval.
20Feb 26
Groww Submits ESOP Trust Deed for Employee Stock Option Scheme 2024
Billionbrains Garage Ventures Limited (Groww) submitted its ESOP Trust Deed to BSE and NSE, establishing the Groww Employee Welfare Trust for the Employee Stock Option Scheme 2024. The submission complies with SEBI regulations and includes comprehensive governance mechanisms, operational frameworks, and transparency measures for effective scheme administration.
02Feb 26
Billionbrains Garage Ventures Establishes Groww Foundation for Philanthropic Activities
Billionbrains Garage Ventures Limited has established Groww Foundation as a wholly owned subsidiary under Section 8 of the Companies Act, 2013, incorporated on February 02, 2026. The foundation will focus on comprehensive philanthropic initiatives including social development, education, environmental sustainability, research, culture, and community engagement activities.
30Jan 26
Groww Notifies Exchanges of CIN Update Following Stock Market Listing
Billionbrains Garage Ventures Limited (Groww) has notified BSE and NSE about the change in its Corporate Identification Number from U72900KA2018PLC109343 to L72900KA2018PLC109343, reflecting its transition from unlisted to listed status following the November 12, 2025 stock exchange debut. The Ministry of Corporate Affairs has updated the company's records accordingly. The company operates with an authorized capital of Rs 50,00,00,00,000 and paid-up capital of Rs 12,34,71,93,262, trading on BSE with scrip code 544603 and on NSE with symbol GROWW.
22Jan 26
Groww Mutual Fund Launches Nifty PSE ETF Tracking Public Sector Enterprises
Groww Mutual Fund launched the Groww Nifty PSE ETF on January 22, tracking the Nifty PSE Index – TRI with NFO open until February 5. The fund invests in public sector enterprises where governments hold majority stakes, selecting up to 20 companies from Nifty 500 based on free-float market capitalisation. With a minimum investment of ₹500.00 and zero exit load, the ETF will be managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar.
21Jan 26
Groww Launches Prime Feature Pilot for Enhanced Mutual Fund Portfolio Management
Groww has launched Groww Prime, a pilot opt-in feature for enhanced mutual fund portfolio management, offering deeper insights, 24/7 chat support, and personalised investment guidance. The service helps users select suitable funds, balance portfolios according to risk-return expectations, and navigate investment decisions including redemptions and rebalancing. COO Harsh Jain stated the feature addresses customer requests for better portfolio management tools and deeper research capabilities on the direct mutual fund platform.
19Jan 26
Groww Shareholders Approve Employee Stock Option Scheme Amendments and Corporate Governance Changes
Billionbrains Garage Ventures Limited (Groww) successfully completed its postal ballot process on January 19, 2026, with all five special resolutions receiving overwhelming shareholder approval exceeding 90%. The resolutions covered Employee Stock Option Scheme 2024 amendments, extension of options to subsidiary employees, secondary acquisition provisions, employee welfare trust funding, and Articles of Association alterations. The remote e-voting process ran from December 20, 2025, to January 18, 2026, with 797,648 eligible shareholders participating in the democratic process.
19Jan 26
Smallcaps Set for Selective Recovery in 2026 After Tough 2025, Says Groww Mutual Fund's Anupam Tiwari
Anupam Tiwari of Groww Mutual Fund expects 2026 to offer better opportunities for smallcap investors after 2025's correction, though recovery will be selective rather than broad-based. He emphasizes bottom-up stock selection, balance-sheet discipline, and quality-led growth as key differentiators. While earnings visibility should improve by FY27 driven by structural changes, Tiwari advocates for long-term investing approaches using the fund's QGaRP framework focusing on quality, growth, and reasonable valuations.
16Jan 26
Groww shares surge 10% on strong Q3 results and State Street's ₹580 crore AMC investment
Billionbrains Garage Ventures shares surged 10% following strong Q3 results and State Street's ₹580 crore investment in Groww AMC. The company reported 25% YoY revenue growth to ₹1,216 crore and 16% QoQ net profit growth to ₹547 crore. Motilal Oswal maintained 'Buy' rating with ₹190 price target, citing market share gains and MTF book expansion of 38% sequentially.
16Jan 26
Groww Q3 Results: Net Profit Drops 28% on One-Off Impact, Revenue Grows 25%
Billionbrains Garage Ventures reported Q3 FY26 consolidated net profit decline of 27.8% to ₹546.93 crore, primarily due to one-time tax gain in previous year. Revenue grew strongly by 24.8% to ₹1,216.07 crore with significant market share gains across stock market (28.8% vs 21.6%) and derivatives (18.1% vs 12.2%). Mutual fund SIP inflows increased 30% to ₹12,328 crore with market share improving to 13.7%. Analysts maintain positive outlook with Motilal Oswal and Citi both rating 'Buy' with ₹190 target price.
15Jan 26
Groww Publishes Q3 FY26 Unaudited Financial Results in Newspapers
Billionbrains Garage Ventures Limited (Groww) has published its Q3 FY26 unaudited financial results in Financial Express and Kannada Prabha newspapers on January 15, 2026, fulfilling SEBI regulatory requirements. The Board approved these results on January 14, 2026, with publications also uploaded to the company website for stakeholder access.
14Jan 26
Groww Utilizes ₹2,513 Crores from IPO Proceeds in Q3 FY26, Reports CRISIL Monitoring Agency
Billionbrains Garage Ventures (Groww) utilized ₹2,513.09 million from its ₹10,600 million IPO proceeds during Q3 FY26, with major deployments in cloud infrastructure (₹401.48 million), marketing (₹672.29 million), and subsidiary investments totaling ₹1,273.77 million. CRISIL's monitoring report confirms no deviations from offer document objectives, with ₹8,086.91 million remaining unutilized and deployed in fixed deposits earning 5.30-6.70% returns.
14Jan 26
Groww Makes Q3FY26 Earnings Conference Call Recording Available to Investors
Billionbrains Garage Ventures Limited (Groww) has made its Q3FY26 earnings conference call recording available to analysts and investors following the call held on January 14, 2026. The company has complied with SEBI Regulation 30 disclosure requirements, with the audio recording now accessible through its official website for stakeholder review.
14Jan 26
Groww: State Street Corp Makes Investment In Groww AMC
Billionbrains Garage Ventures (Groww) has announced a landmark strategic investment agreement with State Street Global Advisors for up to ₹580.03 crores in Groww AMC. The transaction combines ₹381.35 crores in secondary share purchases and ₹198.68 crores in primary subscriptions, resulting in up to 23% dilution while limiting State Street's voting power to maximum 4.99%. Additionally, Groww plans to acquire additional AMC shares worth up to ₹282.01 crores for working capital and growth initiatives.
14Jan 26
Groww Reports Strong Q3FY26 Results with Total Income of ₹12,611 Mn and 20.4 Mn Transacting Users
Billionbrains Garage Ventures (Groww) reported strong Q3FY26 results with total income of ₹12,611 Mn (+26% YoY) and 20.4 Mn transacting users (+25% YoY). The platform achieved significant market share gains across products, with stocks reaching 28.8% market share and equity derivatives at 18.1%. Revenue diversification continued with new products contributing substantially to growth, while the company completed Fisdow acquisition and announced strategic partnership with State Street Investment Management.
14Jan 26
Groww Secures ₹580 Crore Investment from State Street Global Advisors for Asset Management Unit
Billionbrains Garage Ventures Limited (Groww) has secured a major investment of up to ₹580.03 crores from State Street Global Advisors for its asset management subsidiary. The deal involves 23% dilution through primary and secondary transactions, with State Street limited to 4.99% voting power. Expected to complete within six months, the transaction will establish a strategic partnership while maintaining Groww's control over its rapidly growing asset management business.
13Jan 26
Groww Q3 FY26 Results: Earnings Call Scheduled for January 14, Stock Up 40% Since Listing
Billionbrains Garage Ventures Ltd., parent of Groww, will announce Q3 FY26 results on January 14, 2025, with an earnings call at 4:30 PM IST. In Q2 FY26, the company reported revenue decline of 9.4% to ₹1,018.74 crore but improved profitability with profit rising to ₹471.33 crore. Since its November 2025 listing at ₹114 per share, the stock has gained over 40% and is up 5.17% year-to-date.
13Jan 26
Groww Shares Extend Rally for Second Session on Kotak's Buy Rating and ₹190 Target
Billionbrains Garage Ventures shares rose 2% to ₹166 on Tuesday, extending gains for a second session after Kotak Institutional Equities initiated coverage with a Buy rating and ₹190 target price. The brokerage projects strong growth driven by underpenetrated segments and expects 20% revenue CAGR over FY2026-28E with EBITDA margins expanding to 65% by FY2028E.
12Jan 26
Groww shares can rise another 20% despite post-listing jump, Kotak projects
Kotak Institutional Equities initiated coverage on Groww with a 'Buy' rating and ₹190 price target, joining Motilal Oswal and Jefferies in positive recommendations. The brokerage projects 35% EPS CAGR over FY26-28 driven by core broking growth and expansion in newer business segments. Despite recent volatility, the stock remains up 59% from its ₹100 issue price, though JM Financial maintains a contrarian 'Sell' view citing valuation concerns.
12Jan 26
Kotak Securities Initiates Buy Rating on Groww with ₹190 Price Target
Kotak Securities has initiated coverage on Groww with a 'buy' rating and set a price target of ₹190.00 per share. This positive analyst recommendation represents institutional confidence in the digital investment platform's prospects and may influence investor sentiment and trading activity in Groww's stock.
12Jan 26
Kotak Securities Initiates Buy Coverage On Groww With ₹190 Target Price
Kotak Securities initiates Buy coverage on Groww with ₹190.00 target price, citing the company's product-led growth engine and technology advantages. The brokerage projects 20% revenue CAGR over FY2026-28 with EBITDA margins expanding to 65% by FY2028, driven by wealth management expansion and higher-margin products like MTF and commodities.
09Jan 26
Groww Schedules Earnings Conference Call for January 14, 2026 to Discuss Q3FY26 Financial Results
Billionbrains Garage Ventures Limited (Groww) has announced an earnings conference call for January 14, 2026 at 4:30 PM IST to discuss Q3FY26 unaudited financial results. The call requires mandatory pre-registration, and participants will receive joining details via email after registration. The company will make transcript and audio recording available on its investor relations website, ensuring broader accessibility to the financial discussions.
07Jan 26
Groww Mutual Fund Launches Small-Cap Equity Scheme with January NFO
Groww Mutual Fund has launched the Groww Small Cap Fund, an open-ended equity scheme investing exclusively in small-cap stocks. The NFO opens January 8, 2026, and closes January 22, 2026, with a minimum investment of ₹500.00. Managed by Anupam Tiwari, the fund uses a QGaRP framework and benchmarks against the Nifty Smallcap 250 Index – TRI, targeting long-term capital appreciation for investors willing to accept higher volatility.
07Jan 26
Groww Schedules Board Meeting on January 14, 2026 for Q3FY26 Financial Results Approval
Billionbrains Garage Ventures Limited (Groww) has scheduled a board meeting for January 14, 2026, to approve Q3FY26 unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company has notified BSE and NSE in compliance with SEBI Regulation 29. Trading window restrictions for designated persons remain in effect from January 1, 2026, until 48 hours after results declaration, ensuring adherence to insider trading regulations.
06Jan 26
Groww Receives Buy Call As Motilal Oswal Bullish Amid Retail Investment Boom
Billionbrains Garage Ventures shares rallied 3.2% following Motilal Oswal's Buy rating with ₹185 target price, citing Groww's dominant 26.8% NSE market share and strong growth prospects. The company has tripled revenue from FY23 to FY25 and expects further doubling over FY25-28 through strategic diversification from 85% broking revenue to 67% by FY28, supported by wealth management expansion and technology-led cost efficiency.
27Dec 25
India's Investment Shift: Compounding Challenge Ahead
Indian household wealth has reached ₹1,300-1,400 lakh crore, growing at 13% over five years. While only 15-20% is allocated to capital markets compared to 50-60% in developed economies, mutual funds and listed equities are the fastest-growing asset classes. Individual mutual fund AUM has risen to ₹41 lakh crore, with household penetration doubling to 10-11%. SIPs have grown at a 25% CAGR over the past decade, now accounting for 31% of mutual fund AUM. Younger investors, particularly those under 30, are driving market momentum. Despite progress, India is still in the early stages of its investment journey, with a focus on increasing participation and developing long-term investment habits.
24Dec 25
Groww Shares Surge 9.5% on Index Inclusion and Emergency Trading Platform Launch
Billionbrains Garage Ventures, parent company of Groww, saw its shares rally by 9.5% to ₹175.60 on the BSE. The surge is attributed to the company's upcoming inclusion in multiple BSE indices and the launch of 'Groww Lite', an emergency trading platform. Since its IPO, the stock has gained 75.60% from its issue price. The company reported a 12% increase in Q2 FY26 net profit to ₹471.33 crore, with customer assets growing 33% to ₹2.70 lakh crore.
19Dec 25
Groww Issues Postal Ballot Notice for ESOP Amendments and Corporate Changes
Billionbrains Garage Ventures Limited has issued a comprehensive postal ballot notice seeking shareholder approval for five special resolutions, including ESOP scheme amendments covering 33.15 crore equity shares, extension to subsidiary companies, secondary acquisition provisions, funding arrangements through Groww Employee Welfare Trust, and Articles of Association amendments for director nomination rights. The remote e-voting process runs from December 20, 2025 to January 18, 2026.
19Dec 25
Jefferies Initiates Buy Rating on Groww with Target Price of ₹180
Investment firm Jefferies has started coverage on Groww, assigning a Buy rating and setting a target price of ₹180.00 for the financial services platform. This initiation suggests a positive outlook for Groww's stock performance and potential upside from current levels.
06Dec 25
Groww's Trading Platform Recovers from Brief Outage Caused by Cloudflare Glitch
Groww, an online trading platform, faced a temporary technical interruption affecting its services due to a glitch in Cloudflare, a third-party vendor. The outage lasted for a few minutes and was part of a global issue affecting multiple platforms. Groww quickly restored all services, reporting no material impact on its business operations. The company promptly informed stock exchanges about the incident, complying with regulatory requirements.
28Nov 25
ICRA Reaffirms AA- (Stable) Rating for Billionbrains Garage Ventures, Highlighting Groww's Market Dominance
ICRA has reaffirmed its AA- (Stable) issuer rating for Billionbrains Garage Ventures Limited, the holding company of Groww Group. The rating reflects the company's strong market position, with its subsidiary Groww Invest Tech Private Limited holding a 27% market share in NSE active clients as of October 2025. The company's financial health is robust, with a net worth of Rs. 5,676.90 crore as of June 2025. This rating indicates very low credit risk and high safety for timely servicing of financial obligations.
28Nov 25
Billionbrains Garage Ventures Injects Rs 1,044.67 Million into Subsidiary via Rights Issue
Billionbrains Garage Ventures Limited has invested Rs 1,044.67 million in its wholly-owned subsidiary, Finwizard Technology Private Limited (FTPL), through a rights issue. The company acquired 87,384 equity shares at Rs 11,954.94 per share. The investment aims to facilitate certain payouts and meet FTPL's working capital requirements. FTPL operates in the financial services sector, focusing on distribution of financial products, stock broking, and portfolio management services. The ownership structure remains unchanged, with FTPL continuing as a wholly-owned subsidiary.
26Nov 25
Groww Reports Strong Q2 FY26 Results in First Post-IPO Earnings Call
Groww (Billionbrains Garage Ventures Limited) announced Q2 FY26 results, showing 12.64% quarter-on-quarter revenue growth to ₹10,187.42 million. The company reported a consolidated profit of ₹4,713.39 million. Groww highlighted growth in margin trading facility business and launched commodities trading. The company acquired Fisdom for ₹9,584.24 million, contributing 3% to revenues. Groww maintained an 80% organic customer acquisition rate and underwent corporate restructuring, including conversion of preference shares to equity shares.
13Nov 25
Groww Shares Surge 5% to Hit New Peak; Co-founder Discusses Growth Strategy
Billionbrains Garage Ventures Ltd., parent of investment platform Groww, saw its shares rise 5% to Rs 137.45 on BSE, marking a 37.50% gain over its IPO price of Rs 100 and 20.57% above its listing price. Groww boasts over 10 crore registered users, growing at a 52.74% CAGR, and operates in 98% of India's pin codes. The company has upgraded its infrastructure, currently using only 20-25% capacity, allowing room for significant growth. Groww is focusing on expanding margin trade funding, commodities trading, and wealth management services. Despite recent regulatory changes, the company has shown resilience with only a 10% revenue decline in derivatives, offset by growth in non-derivatives revenue.
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