Stake sale · Financial Services

Groww promoters pledge shares to Aditya Birla Capital

By Startup Enthusiast · 24 March 2026

What they do

Groww is India's top investing platform with over 2 crore active investors offering stocks, mutual funds, and more

Three promoter entities pledged 62.5 lakh shares each, worth about ₹302.3 crore, to Aditya Birla Capital for personal reasons

The pledge follows Groww's January deal to sell a 23% stake in its AMC arm to SSIM for about ₹580 crore

Groww's promoter group entities Mufasa, Thousand Oaks Trust, and Fortune First Trust each pledged 62.5 lakh shares to Aditya Birla Capital.
The pledged shares are likely worth about ₹302.3 crore in total.
The pledge was made for personal reasons, according to the filing.
These entities are linked to Groww cofounders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.
The promoter group held about 27.8% stake in Groww at the end of December 2025 quarter.
In January, Groww agreed to sell a 23% stake in its AMC arm to SSIM for about ₹580 crore, valuing that business at roughly ₹2,500 crore.

The pledge signals promoters raising personal funds against their shareholding, a common practice among founders.
It follows Groww's recent strategic move to sell a stake in its AMC business, indicating active capital management.
The pledge does not indicate a sale of shares but a collateral arrangement for loans.

Groww is India's #1 investing platform trusted by over 2 crore active investors.
It offers stocks, ETFs, IPOs, mutual funds, F&O, commodities, MTF, and pledge services.
Groww provides tools like screener, option chain, terminal, calculators, and trackers.
It offers direct mutual funds at zero charges via lump sum or SIP.
Groww provides credit loans against securities and personal loans.
The platform has no account opening charges and no barriers to entry.

Aditya Birla Capital (lead) — The pledgee receiving the shares as collateral.