Groww (Billionbrains Garage Ventures)

Industry Analysis

Billionbrains operates in the Indian investment and wealth management industry, which is poised for significant growth. According to an industry report commissioned by the Company, the investment and wealth management sector in India had an estimated total addressable market size of ₹1.1 trillion as of March 2025 and is expected to grow to ₹2.2-2.6 trillion by 2030, registering a CAGR of 15-17%. This growth is driven by rising investor participation, increasing disposable incomes, and greater availability of investible funds.

The digital-first platforms, like Billionbrains, are catalyzing adoption by democratizing access to capital markets and providing simplified investment tools and services. The platform’s focus on technology, user experience, and seamless transactions positions it strongly amid evolving consumer preferences. The digital ecosystem allows it to reduce dependency on traditional intermediaries such as relationship managers or brokers.

Nonetheless, the industry faces risks from market volatility, regulatory changes impacting product offerings and fees, competitive intensity from traditional brokers as well as fintech entrants, and cybersecurity threats. Additionally, shifting regulatory frameworks such as SEBI’s evolving policies on derivatives and brokerage fees have led to some reduction in trading activity and revenues across the industry.

The company leverages data insights and a strong user base to capture market opportunities while investing in innovation including AI and new product categories such as margin trading and consumer lending. Multiple regulatory licenses and operating approvals are required, and the evolving regulatory landscape can impact growth and profitability. Key industry competitors include both established brokerage houses and emerging technology platforms.

The company is confident that its combination of breadth of offerings, technology, and customer engagement provides competitive advantage in this rapidly transforming financial services landscape.

Source: Groww DRHP

Overview of Groww (Billionbrains Garage Ventures)

Billionbrains Garage Ventures, incorporated in January 2018, is a public limited company and the parent entity for Groww, a prominent digital investment and wealth management platform in India. The company facilitates operations within the Groww ecosystem, including its broking arm Nextbillion Technologies.

Billionbrains focuses on democratizing financial services access for retail investors through a technology-driven, direct-to-consumer model. The company has shown significant growth driven by expanding product offerings across mutual funds, equities, commodities, lending, and margin trading, supported by its strong user base and innovative platform capabilities.

It aims to continue capturing market share and scaling operations by leveraging technology, data analytics, and regulatory licenses to provide comprehensive wealth management solutions. The registered office is located in Bengaluru, Karnataka.

The company is led by a board of directors including promoters Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, committed to long-term growth and governance.

Source: Groww DRHP