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Groww (Billionbrains Garage Ventures) GROWW

India's largest broker by NSE active clients, built as a mobile-first app for stocks, F&O, mutual funds and margin funding; also runs Groww AMC

Mapped in 1 theme: Capital Markets.

From publicly available information

Where Groww (Billionbrains Garage Ventures) sits in the supply chain

Groww (Billionbrains Garage Ventures) appears in 2 supply-chain layers in one theme, Capital Markets.

Capital Markets › Retail brokers

Operator

Other companies in this layer

Angel OneZerodha (unlisted)Motilal Oswal Financial Services5paisa CapitalIIFL Capital ServicesKotak Mahindra Bank
View in the 3D map →

Capital Markets › Fund & insurance distribution

Operator

Other companies in this layer

Prudent Corporate Advisory ServicesNJ India Invest (unlisted)PB Fintech (PolicyBazaar, Paisabazaar)Anand Rathi WealthAngel One
View in the 3D map →

Revenue and profit

₹ CrFY22FY23FY24FY25FY26
Revenue4271,1422,7944,0614,645
Net profit−239458−8051,8242,083

Latest-year revenue ₹4,645 Cr (FY26, company-wide).

Strengths

  • Over a quarter of NSE active clients; kept adding clients in Q1 FY27 while the industry lost them
  • Largest platform for direct mutual-fund SIPs, so it gains from SIP growth as well as trading
  • Q1 FY27 revenue +66% YoY with very high margins for a broker

Risks

  • F&O is still a big share of revenue - exposed to SEBI and STT changes
  • Listed only in Nov 2025 - a short public record
  • Direct-plan mutual funds earn it little; it monetises through broking and lending

Common questions

What does Groww (Billionbrains Garage Ventures) do?

India's largest broker by NSE active clients, built as a mobile-first app for stocks, F&O, mutual funds and margin funding; also runs Groww AMC.

Where does Groww (Billionbrains Garage Ventures) sit in the supply chain?

Groww (Billionbrains Garage Ventures) (NSE: GROWW) is mapped in 2 supply-chain layers: Retail brokers (Capital Markets) and Fund & insurance distribution (Capital Markets).

Who are Groww (Billionbrains Garage Ventures)'s peers?

In the Retail brokers layer of Capital Markets: Angel One, Zerodha (not NSE-listed), Motilal Oswal Financial Services, 5paisa Capital, IIFL Capital Services and Kotak Mahindra Bank.

What is Groww (Billionbrains Garage Ventures)'s market cap and valuation?

As of 6 Nov 2026: market cap ₹1.35L Cr, P/E 50.1x, ROCE 37.3%, ROE 28.8%, dividend yield 0%.