Groww and Aditya Birla Capital partnership
Entities linked to Groww’s founders, including Mufasa, Thousand Oaks Trust, and Fortune First Trust, pledged 1.9 crore shares to Aditya Birla Capital on March 20, according to exchange filings. Each entity pledged 62.5 lakh shares.
The share pledges, created on March 13, involve Aditya Birla Capital acting as the lender. Based on Groww’s stock closing price of ₹161.2 on March 20, the pledged shares are valued at approximately ₹302.3 crore.
The three entities are linked to Groww’s cofounders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. As of December 2025, Groww’s promoter group held approximately 27.8% stake in the company, with the remaining 72.2% held by public investors.
Groww went public in November 2025, raising $754 million at a valuation of $6.9 billion. The stock, which debuted at ₹112 on the NSE, has since increased to around ₹161.
The share pledge comes as Groww expands its asset management business. In January 2026, Groww agreed to sell a 23% stake in its asset management arm, Groww AMC, to State Street Investment Management for approximately ₹580 crore, valuing the business at roughly ₹2,500 crore.
As of December 2025, Groww AMC managed assets worth approximately ₹4,118.8 crore across 1.2 million investors. In Q3 FY26, Groww reported a 25% YoY increase in operating revenue to ₹1,216.1 crore. However, PAT declined 28% YoY to ₹546.9 crore.
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