Entities associated with Groww's promoters, including Mufasa, Thousand Oaks Trust, and Fortune First Trust, have each pledged 62.5 lakh shares to Aditya Birla Capital for personal reasons, as disclosed in a recent exchange filing.
The pledges were established on March 13, 2026, with Aditya Birla Capital Limited serving as the lender. As of March 20, the total pledged shares amount to 1.88 crore, valued at around ₹302.3 crore based on a closing price of ₹161.2.
Currently, Groww has not publicly commented on these pledges.
All three entities are linked to Groww's co-founders: Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. As of the end of December 2025, the promoter group owned approximately 27.8% of the company, while public investors held the remaining 72.2%.
Groww went public in November 2025, raising $754 million at a valuation of $6.9 billion. The stock debuted at ₹112 on the NSE, surpassing its ₹100 issue price, and has since climbed to around ₹161.
This development coincides with Groww's strategic focus on expanding its asset management business beyond its traditional broking services.
In January 2026, Groww announced the sale of a 23% stake in Groww AMC to State Street Investment Management for approximately ₹580 crore, significantly increasing the valuation of the business.
As of December 2025, Groww AMC managed assets totaling about ₹4,118.8 crore across 1.2 million investors.
Financially, Groww reported a 25% year-over-year increase in operating revenue, reaching ₹1,216.1 crore in the third quarter of FY26. However, profit after tax fell by 28% year-over-year to ₹546.9 crore due to a high base from a one-time gain last year.
Shares of Groww closed today’s trading session up by 0.62% at ₹162.2 on the BSE.
