Billionbrains (Groww): From Startup to Financial Institution
Billionbrains (Groww): From Startup to Financial Institution — A Landmark FY26
By Neha Gupta | SEBI Registered Research Analyst | INH000016542
From a decade-old startup to a diversified financial services platform
Billionbrains, the parent company of Groww, marked a significant milestone in FY2025–26, transforming itself from a digital investment platform into a broader financial services institution. With its stock market listing on November 12, 2025, the company entered a new phase of growth, supported by rising customer participation, strong profitability and an expanding product ecosystem.
According to the annual report figures provided, the company recorded revenue of ₹4,644.6 crore, an increase of 19% year-on-year. EBITDA rose 16% to ₹2,746.4 crore, while profit after tax (PAT) increased 14% to ₹2,083 crore. The performance highlights the potential operating leverage of its technology-led, asset-light business model, although future growth will depend on market activity, regulatory developments and successful execution of its diversification strategy.
Strong Market Position and Expanding Customer Base
Groww continued to strengthen its position in India's online broking industry, reporting a 28% share of NSE active clients. The platform served 21.6 million transacting users, including 16.7 million active users, and reported customer assets of ₹2,958 billion. Its reach extended across 97% of Indian pincodes, with 84% of users coming from outside the country's six largest cities.
The company's core broking operations remained an important growth driver. Stock average daily turnover increased 24.9% to ₹1,14,550 million, while equity derivatives premium turnover rose 48.6% to ₹1,16,606 million. Mutual fund SIP inflows grew 37% to ₹4,66,241 million, and mutual fund assets increased 38.9% to ₹1,57