GROWWBillionbrains Garage Ventures LimitedNSE:GROWWTechnicalAnalystSucritBillionbrains Garage Ventures Ltd. (Groww), headquartered in Bengaluru, is one of India’s fastest-growing investment platforms. Founded in 2016, Groww offers services in stock broking, mutual funds, ETFs, IPOs, commodities, and derivatives, and has expanded into Groww AMC with ETFs like the Groww Nifty Capital Markets ETF. It is listed on NSE under ticker GROWW. FY22–FY25 Snapshot Sales – ₹1,435 Cr → ₹2,796 Cr → ₹4,062 Cr (FY25) Net Profit – ₹458 Cr → -₹805 Cr → ₹1,824 Cr (FY25) Operating Performance – Moderate → Weak → Very Strong Dividend Yield – Nil (company reinvests profits for growth) Equity Capital – ₹506.74 Cr (FY24) Total Debt – Limited, primarily working capital facilities Fixed Assets – Technology-driven, asset-light model EPS – ₹3.19 (FY25) Sources: Groww Annual Report 2023–24, WWIPL Financials, Google Finance – GROWW Institutional Interest & Ownership Trends Promoter holding is concentrated among founders and early investors. Institutional investors include venture capital and private equity firms, with recent funding rounds valuing Groww at $7 billion. Public float exists through NSE/BSE listings under ticker GROWW, though the AMC and ETF businesses are separately structured. Strategic Moves & Innovations Groww has expanded aggressively into direct stock broking, F&O trading, ETFs, and commodities, diversifying beyond mutual funds. It launched Groww AMC to manage ETFs and mutual funds, strengthening its ecosystem. The company is investing in digital-first distribution, AI-driven advisory tools, and financial literacy initiatives to capture India’s growing retail investor base. Cash Flow & Balance Sheet Strength Operating cash flows turned positive in FY25, supported by strong brokerage and distribution income. Free cash flow is reinvested into technology and expansion. Debt levels remain manageable, reflecting an asset-light, tech-driven model. Risk Factors Key risks include regulatory changes in broking and mutual funds, competitive intensity from Zerodha, Upstox, and Paytm Money, and dependence on retail investor activity (which is cyclical with market sentiment). Investor Takeaway Groww demonstrates explosive growth with FY25 profitability, strong user adoption, and expansion into ETFs and AMC. While relatively new compared to traditional brokerages, its asset-light model and strong funding base position it as a long-term disruptor in India’s retail investing ecosystem.