‘Best is Yet to Come’: Groww CEO’s Letter Sparks Optimism Among Investors

Updated: November 22, 2025 10:42

Groww CEO Lalit Keshre marks his first shareholder letter by underscoring the company’s strong foundation and long-term vision. Despite recent revenue challenges, Groww maintains a customer-first approach, focusing on expanding wealth products, improving user engagement, and driving lasting value for investors.

In his inaugural letter to shareholders dated November 21, 2025, Groww CEO Lalit Keshre shared a confident outlook on the company’s growth trajectory and strategic plans, emphasizing that the journey is only beginning. Addressing new and existing shareholders alike, Keshre articulated a commitment to customer-centric innovation and prudent expansion within India’s rapidly evolving financial services market.

Strong Growth Amid Market Shifts

Though Groww’s revenue declined by 9.5% year-over-year to ₹1,018 crore in Q2 FY26, net profit rose impressively by 12% to ₹471 crore. This reflects effective cost management and gradual shifts in revenue mix, especially in derivatives trading, which saw its share drop from 68% to 57%.

Customer-Centric Philosophy

Keshre emphasized that Groww’s growth is steered from the customer’s perspective, prioritizing trust, experience, and product quality over aggressive monetization tactics. This approach has fostered strong user loyalty and organic growth across its offerings.

Diverse Product Expansion

With more than 10 products launched, Groww is intensifying focus on wealth management and broking services, including margin trading and commodities. The acquisition and integration of wealth platform Fisdom, contributing about 3% of revenue, signal future expansion into more advisory and wealth solutions.

Market Position and Future Outlook

Groww controls a significant market share with over 26% of NSE’s active clients and 13% of mutual fund SIP inflows as of Q2. The CEO forecasts a long roadmap with expanding customer wealth journeys and deeper product penetration.

Sustainable Value Creation

Keshre assured shareholders of Groww’s ongoing commitment to building long-term shareholder value while navigating regulatory changes and competitive dynamics thoughtfully.

This letter sets a hopeful tone, marking Groww’s evolution from a start-up to a maturing financial ecosystem contributor aiming to democratize wealth creation across India.

Sources: Economic Times, Moneycontrol, Groww official shareholder letter

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