Bengaluru-based Groww has onboarded 37% of all new active traders on the NSE since 2020. The firm now reports 20 million users, with a majority coming from outside major cities. Parent company Billionbrains Garage Ventures also reported a 94% year-on-year profit jump to ₹735 crore in the June quarter, driven by margin trading and commodity services.
Groww has emerged as a major force in India’s brokerage landscape, securing 37 percent of all new active investors added to the National Stock Exchange (NSE) since the platform entered the equity trading space in 2020. According to the company's latest annual report, it now manages an active user base of 20 million, with approximately 16 million of these individuals identified as first-time participants in the stock market.
Expanding Reach Beyond Metros
The platform's growth strategy has focused heavily on Tier-2 and Tier-3 cities. Data from the report shows that 84 percent of Groww’s users reside outside of India's six largest metropolitan areas. This geographic distribution suggests that the firm has successfully tapped into demand from smaller cities that were previously underserved by traditional brokerage models. Additionally, the platform noted that women account for about 20 percent of its total user base.
Billionbrains Garage Ventures Financial Performance
Billionbrains Garage Ventures, the parent company of Groww, reported a net profit of ₹735 crore for the quarter ended June 2026, representing a 94 percent increase compared to the same period last year. This strong financial performance was largely supported by growth in the company's margin trading facility and commodity derivatives segments.
Historically, the company relied heavily on futures and options trading, which previously accounted for over 70 percent of its revenue. Recent filings indicate a strategic shift to diversify revenue streams, with the contribution of derivatives trading now reduced to approximately 50 percent of the total revenue.
Moving Toward Wealth Management
The company is now working to transition from a transactional brokerage into a comprehensive wealth management firm. This shift is being supported by the acquisition of Fisdom and the launch of new advisory services, such as Groww Prime for mutual fund investors and a platform focused on high-net-worth individuals. By expanding these services, management aims to help users focus on long-term wealth creation rather than just frequent trading.
Investors may monitor the company’s ability to sustain profit margins as it integrates these new wealth management services and balances its reliance on different trading segments. The firm’s long-term success will depend on its ability to retain its large base of first-time investors and successfully transition them into more complex, long-term financial products.