Groww Promoters Sell Stake Worth ₹270 Cr

Stock broking firm Groww’s promoters have offloaded shares worth around ₹270 Cr over the past one week, according to disclosures filed with the exchanges. 

Between May 12-19, promoters and promoter group entities — including the four founders Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh – cumulatively sold 0.22% stake in the company. 

The other promoter group entities that sold shares included Golden Oak Trust, Fortune First Trust, Thousand Oaks Trust, and Mufasa Trust. The largest hive off was carried out by Golden Oak Trust on May 12 when it offloaded 71.22 Lakh for ₹132.48 Cr. 

Meanwhile, here’s the stake sale carried out by Groww cofounders at an individual level over the past week:

• CEO Keshre sold 10 Lakh shares worth ₹18.62 Cr.
• COO Jain offloaded 8 Lakh shares worth ₹14.89 Cr.
• CTO Singh sold 6 Lakh shares for ₹11.17 Cr.
• CFO Bansal sold 5 Lakh shares for ₹9.31 Cr.

The fintech firm’s promoter group controlled around 27% stake in the company as of the end of the March quarter, one of the highest promoter group shareholdings among listed new age companies. 

This is the first major liquidity event for Groww’s founders, sources aware of the development told Inc42. They are now planning to use this fresh liquidity to fuel their investments in startups, as well as to pursue personal philanthropic initiatives, sources added. 

Groww’s founders are already active angel investors. For instance, Lalit Keshre has backed startups like nanorobotics focused Theranautilus, grocery retailer SuperK, and fashion quick commerce platform ZILO, among others. 

The liquidity event for the promoters came after the expiry of the lock-in expiry period. Beyond the cofounders, the past week also saw key company executives sell parts of their shares as well.

Among them, Groww’s independent director and Curefoods cofounder Ankit Nagori sold 20 Lakh equity shares in the company for ₹37.16 Cr. Nagori, along with CureFit cofounder Mukesh Bansal and Y Combinator, backed Groww in its seed funding round back in January 2018.

Groww’s institutional investors also sold part of their stake in droves last week, post the lock-in expiry. Peak XV Partners, Ribbit Capital and Y Combinator sold shares worth ₹5,325.8 Cr via multiple open market transactions.

This isn’t the first time Groww’s promoters have relooked at their holding in the company. In March, promoter group entities — Mufasa, Thousand Oaks Trust and Fortune First Trust — each pledged 62.5 Lakh shares to Aditya Birla Capital for “personal” reasons on March 20 to Aditya Birla Capital Limited. All three entities are linked to cofounders Keshre, Jain, Bansal, and Singh.

The development comes at a time when the company’s shares have consistently been delivering positive returns to investors. The company’s shares ended today’s trading session nearly 64% higher from their listing price of ₹114. The stock soared as high as ₹227 at the end of last month. 

The performance of the stock is supported by the company’s strong financial performance. In the March quarter (Q4 FY26), Groww’s consolidated PAT skyrocketed 122% YoY and 25% QoQ to ₹686.4 Cr, while operating revenue surged 88% YoY and 24% QoQ to ₹1,505.4 Cr. 

The uptick in the company’s top line came despite a tumultuous period for the Indian equities market. Groww’s business grew as its revenue mix shifted during the quarter. 

Beyond its core broking business, Groww saw newer verticals such as commodity derivatives and margin trading facility (MTF) gain traction in Q4 FY26. While mutual funds, stocks, and equity derivatives continued to grow, their contribution to overall revenue declined as the company diversified its revenue mix. Commodity trading scaled rapidly after its October 2025 launch, while the MTF book more than doubled year-on-year.

Shares of Groww ended today’s trading session 1.36% higher at ₹186.4.

The post Groww Promoters Sell Stake Worth ₹270 Cr appeared first on Inc42 Media.