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Beyond

Zerodha, Groww get nod to offer US stocks

Investing in leading US companies could soon become much easier for Indian retail investors. Major brokerage platforms Zerodha, Groww, Angel One and Upstox have received regulatory approval to offer international investing services through Gujarat’s GIFT City, paving the way for direct access to US stocks and global markets.

The approvals have been granted by the International Financial Services Centres Authority (IFSCA), the regulator overseeing GIFT City. The move is being seen as a significant step towards making global investing more accessible to Indian investors who are increasingly looking beyond domestic markets for diversification and growth opportunities.

According to reports, the new services are expected to be rolled out over the next two to three months after the brokerages complete technology integration, testing and compliance requirements.

Under the proposed framework, Zerodha and Upstox will operate as broker-dealers, while Groww and Angel One will function under the Global Access Provider (GAP) model introduced by GIFT City to facilitate overseas investments. The structure is designed to offer a regulated and cost-effective route for Indians to invest in international equities.

Demand for overseas investing has grown rapidly in recent years as Indian investors seek exposure to global themes such as artificial intelligence, semiconductors, electric vehicles and space technology. Interest has further increased following the listing of high-profile technology companies and growing enthusiasm for AI-driven investments.

Several platforms, including INDmoney, Smallcase and HDFC Securities, already offer access to international markets. However, the entry of India’s largest retail brokerages is expected to significantly expand participation and bring global investing to a much wider audience.

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Categories
Corporate

Groww profit jumps 122% in strong Q4

Investment platform Groww reported a strong set of quarterly results, with profit more than doubling in the January-March period as more users traded and invested through its platform.

For the fourth quarter of FY26, the company posted a net profit of ₹686 crore, up 122% from ₹309 crore in the same quarter last year. Revenue from operations also rose sharply to ₹1,505 crore, showing strong growth compared with the previous year.

The company’s performance was supported by rising participation from retail investors, higher trading volumes and growing interest in digital investing products. Groww has continued to attract new users as more people use mobile platforms for stocks, mutual funds and other investments.

The quarter also showed improvement in operating efficiency. Groww reported stronger margins as revenue growth outpaced expenses, helping profitability rise significantly.

The company said it continued to gain traction across key business segments, including equities, mutual funds and derivatives trading. Its growing market share in mutual funds reflects its increasing presence in India’s retail investment market.

Customer assets on the platform stood at around ₹3 lakh crore at the end of March, highlighting steady growth in assets despite fluctuations in the stock market. Active users also increased during the quarter.

Analysts say Groww’s latest results show the continued strength of India’s digital wealth and trading industry, where online platforms are benefiting from growing financial awareness and easier access to investing tools.

The company has also been expanding into newer areas such as lending, wealth management and broader financial services, which could support future growth.

While competition in the fintech sector remains intense, Groww’s strong brand and expanding customer base are seen as key advantages.

Market watchers will now focus on whether the company can maintain this growth momentum in the coming quarters, especially if trading activity slows or market volatility increases.

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Categories
Corporate

Groww shares fall 10% post‑IPO rally

Groww’s parent company shares fell sharply on November 19, triggering a 10% lower circuit limit following a stellar post‑IPO rally. The stock had risen nearly 94% in just five trading sessions since its ₹100 listing, prompting early investors to book profits.

Analysts noted that while the company demonstrates strong revenue and profit growth, its elevated valuation has increased short‑term volatility risks. The upcoming quarterly results will be closely watched for indications of sustained business momentum.

Market experts suggest that investors exercise caution: early buyers may consider partial profit-taking, while new entrants should weigh the valuation against growth prospects.

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Categories
Leaders

Groww CEO Lalit Keshre enters billionaire ranks

Lalit Keshre, cofounder and chief executive of investment platform Groww, has joined India’s growing list of tech billionaires following the company’s exceptional stock market debut.

Keshre, 44, holds 55.91 crore shares in the company with a 9.06% stake. With Groww’s stock touching a record ₹169 on Wednesday, his holding is now valued at about ₹9,448 crore, placing him near the $1-billion milestone.

Groww’s shares have surged over 70% in just four trading sessions since being listed on November 12 at ₹100 apiece. The rapid climb has pushed the company’s market capitalisation beyond ₹1 lakh crore.

Four former Flipkart executives Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh, Founded Groww in 2016.

Keshre, who grew up in a farming family in Lepa village in Madhya Pradesh, cleared the Joint Entrance Exam and went on to earn dual degrees in technology from IIT Bombay. He later joined Flipkart as an early product manager, where he helped build the company’s marketplace business before leaving to launch Groww with his colleagues.

The soaring stock price has also significantly lifted the fortunes of the other founders. Harsh Jain’s 41.16 crore shares are currently worth about ₹6,956 crore, Ishan Bansal’s 27.78 crore shares are valued at roughly ₹4,695 crore, and Neeraj Singh’s 38.32 crore shares amount to around ₹6,476 crore.

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