Groww reported a 19% increase in operating revenue to ₹4,644.6 crore in fiscal year 2026, alongside a 14% rise in net profit to ₹2,083 crore, according to inc42.com. Founded in 2017, the investment platform now serves 1.31 crore active broking clients and has become one of India’s largest retail investment ecosystems with a market capitalization of about ₹1.24 lakh crore ($14 billion).
The company has evolved from a mutual funds app into a comprehensive investment and wealth management platform, attracting a large consumer base and maintaining profitability despite regulatory challenges and higher taxes on futures and options. Groww’s active broking clients nearly double those of its closest competitor Zerodha, which has 68.47 lakh active clients, though Zerodha still leads in revenue and profit.
Zerodha’s net profit grew marginally by 1.2% to ₹4,283 crore in FY26, with revenue steady at around ₹8,847 crore, making its revenue approximately 1.9 times and profit about 2.1 times that of Groww. The gap between the two companies has narrowed compared to the previous year, when Zerodha’s revenue and profit were about 2.3 times higher than Groww’s. This positions Groww as a significant challenger in India’s discount broking sector.
Groww’s financial results for FY26 highlight its growing footprint in the retail investment market, with the company now listed and continuing to expand its offerings beyond broking. The platform’s ability to sustain growth amid a competitive landscape and regulatory pressures underscores its rising influence in India’s fintech space.