Lalit Keshre wins Entrepreneur of the Year for taking Groww to a Rs 1.36 lakh crore publicly traded fintech in a decade

Synopsis

Lalit Keshre, cofounder and CEO of Groww, has built India's largest stockbroking platform in under a decade, achieving a successful IPO and significant market capitalization growth. Leveraging digital infrastructure, Groww aims to expand into wealth management by building a full-stack platform and identifying gaps in financial services.

Lalit Keshre, cofounder and chief executive of Groww, took less than a decade to build the country's largest stock broking platform, disrupting traditional brick and mortar OakLed players and rival fintechs while navigating a shifting regulatory landscape.

The IIT-Bombay alumnus not only steered the startup he co-founded with Harsh Jain, Neeraj Singh and Ishan Bansal to a blockbuster public listing in November last year, but also sustained its growth momentum after the IPO, multiplying investor wealth in the process. Groww's market capitalisation has zoomed almost 80% from Rs 79,000 crore when it listed to Rs 1.36 lakh crore as of close of trade on Friday.

"Although I’m accepting this award, it is truly the team that does all the hard work, and I’m very grateful to all of you on my team’s behalf. I’m also deeply grateful to our customers, who have trusted us with their hard-earned money and wealth," Keshre said, accepting the Entrepreneur of the Year award at the ET Awards for Corporate Excellence 2025.

"We are equally thankful for the progressive regulatory environment and the digital public infrastructure, without which it would not have been possible for us to build Groww," he said.

Groww used the government-sponsored Aadhaar database, Digilocker ecosystem, electronic signatures and online e-mandates for recurring transactions to acquire customers quickly and scale up their business without having to invest in expensive branch networks.

Groww closed fiscal 2026 with a net profit of Rs 2,083 crore and operating revenue of Rs 4,644 crore. Its net assets under management stood at Rs 3 lakh crore, with a registered user base of 21.6 million.

For future growth, Groww has set its sights on the country's emerging wealth management space. Leveraging its acquisition of Fisdom last year, the Peak XV Partners-backed company is looking to build a full-stack wealth platform.

"Over the next five years, we will continue building our wealth management platform. We will keep identifying gaps in financial services and launch products that go very deep, striving to create ten times better user experience," Keshre told ET earlier this month.

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