

Groww Asset Management Profile
Key Indicators
- Authorised Capital ₹ 225.00 Cr
- Paid Up Capital ₹ 174.15 Cr
- Company Age 16 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth -7.39%
- Profit Growth -79.45%
- Ebitda -155.86%
- Net Worth -56.85%
- Total Assets -55.57%
About Groww Asset Management
Groww Asset Management Limited (GAML) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 April 2008 and has a history of 16 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 225.00 Cr and a paid-up capital of Rs 174.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Groww Asset Management Limited India are Varun Gupta as Ceo, Roshan Dave as Company Secretary, and Pratik Lakhotia as Cfo. Ashish Goel, Harsh Jain, and Neeru Chaudhry serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U65991KA2008PLC180894
- Company No.
176627
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
10 Apr 2008
- Date of AGM
31 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Groww Asset Management?
Executive Team (3)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Varun Gupta | CEO | 03-May-2023 | Current |
Roshan Dave | Company Secretary | 04-May-2023 | Current |
Pratik Lakhotia | CFO | 03-May-2023 | Current |
Board Members (3)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Harsh Jain ![]() | Director | 03-May-2023 | Current |
Ashish Goel ![]() | Director | 03-May-2023 | Current |
Neeru Chaudhry ![]() | Director | 03-May-2023 | Current |
Financial Performance of Groww Asset Management.
Groww Asset Management Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.39% decrease. The company also saw a substantial fall in profitability, with a 79.45% decrease in profit. The company's net worth observed a substantial decline by a decrease of 56.85%.


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What is the Ownership and Shareholding Structure of Groww Asset Management?
In 2022, Groww Asset Management had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Related Corporates (Common Directorship)
- Groww Invest Tech Private Limited
Harsh Jain is a mutual person
- Groww Creditserv Technology Private Limited
Harsh Jain is a mutual person
- Billionbrains Garage Ventures Private Limited
Harsh Jain and Roshan Dave are mutual person
- Urban Ladder Home Decor Solutions Limited
Ashish Goel is a mutual person
- Octolife Climate Solutions Private Limited
Ashish Goel is a mutual person
- Stargazer Growth Llp
Harsh Jain is a mutual person
Charges (Loans)

There are no open charges registered against the company as per our records.
How Many Employees Work at Groww Asset Management?
Groww Asset Management has a workforce of 41 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Groww Asset Management, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Groww Asset Management's trajectory.
Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Groww Asset Management
Recent activity within the organization
- Annual General Meeting
Groww Asset Management Limited last Annual general meeting of members was held on 31 Jul 2024 as per latest MCA records.
- Balance Sheet
Groww Asset Management Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Roshan Bhanuprakash Dave was appointed as a Company Secretary was appointed as a Company Secretary on 04 May 2023 & has been associated with this company since 1 year 10 months .
- Director Appointment
Ashish Goel was appointed as a Director was appointed as a Director on 03 May 2023 & has been associated with this company since 1 year 10 months .
- Director Appointment
Harsh Jain was appointed as a Director was appointed as a Director on 03 May 2023 & has been associated with this company since 1 year 10 months .
- Director Appointment
Neeru Chaudhry was appointed as a Director was appointed as a Director on 03 May 2023 & has been associated with this company since 1 year 10 months .
Recent News, Updates & Announcement
- Groww and Zerodha's New Features Protect F&O Traders from Losses and High-Risk Bets - Trade Responsibly!.
When you lose money in F&O trading, Groww's new feature got you covered. It helps you exit when you hit a certain loss. 15% of their customers are into this risky business, but don't worry, they got your back. They also have a 'anti-nudge' feature to warn you about high-risk bets. Zerodha also has a similar feature. Let's trade responsibly, guys..
- Funding Winter shuts over 35,000 startups in 2023. Will VCs fund tech platforms this year? | Mint.
Indian startup ecosystem faced challenges in 2023 with funding winter intensifying, leading to venture closures. Deal volume and size declined, mega rounds dropped by 70%, and unicorns decreased. Tech startups saw a decline while focus shifted to traditional sectors. .
- Groww App Not Working: Users Unable to Login as Financial Trading Platform Faces Technical Glitch,.
Groww App, a popular trading app, was recently reportedly by the users on X to be showing error while accessing it. The users complained on X about the 'Groww App Not Working' issue and the company responded by fixing the error. .
- Indiabulls Housing Finance Shifts Focus to Retail Loans, Aims for 20% Growth and Positive Image.
Indiabulls Housing Finance is leaving risky developer loans and focusing on retail loans. They want to grow their loan book and profits by 20% in the next few years. They also want to change the negative perception around them..
Frequently asked questions
What is the Incorporation or founding date of Groww Asset Management Limited?
Groww Asset Management Limited was incorporated on 10 Apr 2008.
What is authorized share capital and paid-up capital of Groww Asset Management Limited?
The authorized share capital of Groww Asset Management Limited is ₹ 225.00 Cr and paid-up capital is ₹ 174.15 Cr.
Who are the current board members & directors of Groww Asset Management Limited?
Currently 6 directors are associated with Groww Asset Management Limited.
- Ashish Goel
- Harsh Jain
- Neeru Chaudhry
- Varun Gupta
- Roshan Bhanuprakash Dave
- Pratik Rajkumar Lakhotia
What is the registered address of Groww Asset Management Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Groww Asset Management Limited is Vaishnavi Tech Park South Tower 3Rd Floor Survey No.16/1 And 17/2 Ambalipura Village Varthur Hobli, Bangalore India, Bangalore South, Karnataka, 560103.
What is the corporate identification number (CIN) and company number of Groww Asset Management Limited?
The corporate identification number (CIN) of Groww Asset Management Limited is U65991KA2008PLC180894 and the company number is 176627 as per Ministry of Corporate Affairs (MCA).
What is the official website of Groww Asset Management Limited?
The Official website of Groww Asset Management Limited is https://www.groww.in
What has been the recent revenue trend for Groww Asset Management Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Groww Asset Management Limited has fallen by -7.39%.
How many employees does Groww Asset Management Limited currently have?
As Per 2023 financial reports, 41 employees are currently employed by Groww Asset Management Limited.
What change has been observed in the net worth of Groww Asset Management Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Groww Asset Management Limited has experienced an downturn of -56.85%.
When was the last Balance Sheet of Groww Asset Management Limited filed with the ROC?
The most recent Balance Sheet for Groww Asset Management Limited was filed with the ROC on 31 Mar 2024.
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