Groww Files IPO Papers, Triples FY25 Profit

Groww, India's leading stockbroker by active clients, reported a threefold increase in net profit to Rs 1,819 crore for FY25, with revenue rising 31% to Rs 4,056 crore. The company's surge in profitability follows a one-time Rs 1,340 crore tax charge in FY24 due to its redomiciling from the US to India, which had resulted in a net loss that year. Groww closed a $200 million funding round led by Singapore’s GIC, pushing its valuation to $7 billion—more than double its 2021 valuation. In May, Groww confidentially filed for an IPO with SEBI, aiming to raise $700 million to $1 billion, but has not yet committed to moving forward with the offering. The company now has 13 million active NSE clients and has expanded into digital lending and wealth management, including acquiring Fisdom. Despite regulatory headwinds in the broking sector, Groww’s robust financials position it among India’s most profitable IPO-bound fintechs.