COMPANY INTELLIGENCE PROFILE
Groww Invest Tech Private Limited
Groww Invest Tech Private Limited (formerly Nextbillion Technology Pvt Ltd) is the Bengaluru-based, SEBI-registered discount-broking arm of the Groww group, reporting ₹3,694 Cr FY25 revenue and ₹422 Cr PAT, rated [ICRA]A1+/AA-(Stable).
Groww Invest Tech Private Limited, a Bengaluru-based company, is a prominent player in India's financial services sector, specializing in discount broking and online investment. Established in 2016, the company is active and operates under private ownership. For FY2025, it reported a revenue of ₹3,694 crore and a PAT of ₹422 crore. It has a strong market presence with 1.2 crore active NSE clients and is rated [ICRA]A1+/AA-(Stable).
AI-generated, may contain errors.
Business Overview
- One of India's leading discount brokers and online investment platforms, operating the securities-broking business of the Groww group. Registered member of NSE, BSE and MCX, SEBI Registration INZ000301838
- A Depository Participant of CDSL (IN-DP-417-2019)
- And an AMFI-registered mutual-fund distributor (ARN-111686).
- Offers equity broking in cash and derivatives segments plus mutual-fund distribution.
- Reported ~1.2 crore active NSE clients as of August 2024, per ICRA rationale, a leading position by NSE active-client count.
- Employee headcount ~297, Oct 2025, per TheCompanyCheck — treat as indicative.
- Formerly named Nextbillion Technology Private Limited.
Sector & Classification
Financial and insurance services — equity brokerage & trading (cash + derivatives) and mutual-fund distribution / discount broking. Business-activity descriptor: "Financial Advisory, Brokerage and Consultancy Services" (source: TheCompanyCheck, Falconebiz). Exact 5-digit NIC code: not obtained.
Directors & Key Management
Directors — source notes
8 directors on record (source: Tofler, TheCompanyCheck; DINs from Falconebiz director pages where obtained): - Lalit Keshre — DIN 02483558 — Co-founder, CEO / Whole-time Director (appointed 04 May 2016). DIN confirmed via Falconebiz. - Harsh Jain — DIN 05321547 — Co-founder (appointed 04 May 2016). DIN confirmed via Falconebiz. - Ishan Bansal — Co-founder, CFO / Whole-time Director (appointed 03 Sep 2025 per TheCompanyCheck) — DIN not obtained. - Prashant Saran — appointed 17 May 2022 — DIN not obtained. - Nishant Kumar Singh — appointed 28 Mar 2023 — DIN not obtained (note: distinct from co-founder Neeraj Singh). - Subhabrata Ghosh — appointed 05 Jul 2024 — DIN not obtained. - Neetu Kashiramka — appointed 05 Jul 2024 — DIN not obtained. - Vikas Bansal — additional director — DIN not obtained. Remaining DINs not obtained (Falconebiz/TheCompanyCheck gate them behind premium); not invented.
GST Registrations
Primary GSTIN: 29AAFCN2181H2ZB (Karnataka; Regular taxpayer; status ACTIVE) — source: knowYourGST, PiceApp, Masters India. PAN: AAFCN2181H. Home state: Karnataka (state code 29). GST registration date shown as 08 Aug 2017 (knowYourGST). Number of registrations: knowYourGST lists a single active GSTIN under this PAN; a full pan-India count across states was not obtained. Do not confuse with group entities' GSTINs (e.g., Groww Creditserv 29AAICG8062D1ZG, Groww More 29AAXFG0910A1ZK).
Financials
Groww Invest Tech Private Limited reported a 44.2% increase in total revenue to ₹3,693.8 crore for FY2024-25. EBITDA rose by 45.6% to ₹580.3 crore, with a net profit of ₹421.8 crore, up 41.67% year-on-year. The company’s net worth increased to ₹1,309.5 crore.
AI-generated, may contain errors.
| Latest audited FY2024-25, year ended 31 Mar 2025, standalone figures per Tofler / TheCompanyCheck (agree): | |
| Total Revenue | ₹3,693.8 Crore (up ~44.2% YoY) |
| EBITDA | ₹580.3 Crore (up ~45.6% YoY) |
| PAT (Net Profit) | ₹421.8 Crore (up ~41.67% YoY) |
| Net Worth | ₹1,309.5 Crore (up ~47.56% YoY) |
| Borrowings | not disclosed as a single figure; registered open charges total ₹1,010 Cr (see charges) indicate secured borrowing capacity. |
| Basis | standalone, single operating entity. Consolidated figures belong to parent Billionbrains Garage Ventures Ltd and are not reported here. Two independent aggregators agree, so treat revenue/EBITDA/PAT/net worth as confirmed |
| Exact borrowings figure = not obtained. | |
Funding History
- This entity does not raise venture rounds independently — external equity funding flows through the group holding company.
- The Groww group (holding co.
- Billionbrains Garage Ventures Ltd) raised multiple VC rounds (backers incl.
- Tiger Global, Sequoia/Peak XV, Ribbit Capital, Y Combinator) and completed its IPO in November 2025.
- No standalone primary-round funding for Groww Invest Tech Pvt Ltd was found., Entity-level: none found.
Loans & Charges
- Registered charges, source: TheCompanyCheck:
- Open charges total: ₹1,010 Crore
- ₹1,000 Crore — charge-holder shown as "Others", specific lender not resolved
- ₹10 Crore — HDFC Bank Limited
- Satisfied charges total: ₹260 Crore
- Individual charge IDs/dates not obtained.
Credit Ratings
| ICRA, source | ICRA rating rationales, CompanyId 29961; reaffirmed 28 Nov 2025: |
| Commercial Paper | [ICRA]A1+ — rated amount ₹500 Crore |
| Non-Convertible Debentures (NCD) | [ICRA]AA- (Stable) — ₹100 Crore, plus an additional ₹300 Crore NCD assigned [ICRA]AA- (Stable) |
| Rationale cites strong market position in equity broking, leading NSE active-client base, comfortable capitalisation, healthy/improving profitability and strong liquidity. | |
| CRISIL/CARE ratings | none found for this specific entity., Ratings attributed only to Groww Invest Tech, not to group affiliate Groww Creditserv which ICRA rates separately. |
Legal & Compliance
- Indian Kanoon references, titles/citations only; merits not assessed:
- Groww Invest Tech Private Limited vs State of Gujarat — Gujarat High Court, R/CR.MA/25932/2025, dated 16 Jan 2026, criminal miscellaneous / revision application.
- M/s Groww Invest Tech Pvt. Ltd. vs State of Haryana and Another — Punjab & Haryana High Court, CRM-M-13888-2025, dated 08 Oct 2025.
- Sh. Chander Bhan Mutreja and Ors vs SEBI — Delhi High Court, 25 Mar 2026 — references Groww Invest Tech in the context of a demat-account de-freeze matter involving BSE/CDSL.
- No proceedings surfaced under the former name Nextbillion Technology Pvt Ltd. Mostly routine/procedural; no adverse regulatory penalty identified from titles alone.
Competitive Landscape
- Indian retail-broking / online-investment peers:
- Zerodha (Kite) — market leader by active clients, unlisted, largest scale.
- Angel One Ltd — listed, large scale, direct rival on active NSE clients.
- Upstox, RKSV Securities, — VC-backed, large scale.
- 5paisa Capital Ltd — listed, mid scale.
- ICICI Direct, ICICI Securities, — bank-backed, large scale.
- Dhan, Raise Financial, / Paytm Money — newer, small-to-mid scale.
Frequently Asked Questions
What does Groww Invest Tech Private Limited do?
Groww Invest Tech Private Limited is the SEBI-registered discount-broking arm of the Groww group, based in Bengaluru. It offers equity broking in cash and derivatives segments and mutual-fund distribution, serving approximately 1.2 crore active NSE clients as of August 2024.
When was Groww Invest Tech Private Limited incorporated?
Groww Invest Tech Private Limited was incorporated on 04 May 2016.
What is the CIN of Groww Invest Tech Private Limited?
The Corporate Identification Number (CIN) of Groww Invest Tech Private Limited is U65100KA2016PTC092879.
What is the GSTIN of Groww Invest Tech Private Limited?
The primary GSTIN of Groww Invest Tech Private Limited is 29AAFCN2181H2ZB, registered in Karnataka with an active status.
Where is the registered office of Groww Invest Tech Private Limited located?
The registered office of Groww Invest Tech Private Limited is located at Vaishnavi Tech Park, South Tower, 3rd Floor, Survey No.16/1 and 17/2, Ambalipura Village, Varthur Hobli, Bellandur, Bangalore South, Karnataka 560103.
Sources
Tofler (registry, financials): https://www.tofler.in/groww-invest-tech-private-limited/company/U65100KA2016PTC092879 | TheCompanyCheck (registry, charges, parent): https://www.thecompanycheck.com/company/groww-invest-tech-private-limited/U65100KA2016PTC092879 | Falconebiz director pages (DINs): https://www.falconebiz.com/director/02483558/LALIT-KESHRE and https://www.falconebiz.com/director/05321547/HARSH-JAIN | knowYourGST (GSTIN/PAN): https://www.knowyourgst.com/gst-number-search/groww-invest-tech-private-limited-29AAFCN2181H2ZB/ | ICRA ratings (CompanyId 29961): https://www.icra.in/Rating/RatingDetails?CompanyId=29961 and rationale PDFs id=139373, id=132601 | Indian Kanoon: https://indiankanoon.org/search/?formInput=Groww%20Invest%20Tech%20Private%20Limited
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.