India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #433 Harsh Jain & family ₹8,400 Cr
- #606 Ishan Bansal & family ₹5,500 Cr
Revenue · FY 2025
₹202.53 Cr
▲ 14105.08% YoY
Net profit · FY 2025
₹6.68 Cr
Net margin 3.3%
EBITDA · FY 2025
₹78.52 Cr
EBITDA margin 38.8%
Authorised capital
₹550 Cr
Registered with MCA
Paid-up capital
₹435.5 Cr
Issued & subscribed
Open charges
₹207 Cr
Satisfied ₹90 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
70
Provident fund records
About Groww Creditserv Technology Private Limited
Data last updated:
Groww Creditserv Technology Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 25 January 2021 and has been in existence for over 5 years.
Its director Harsh Jain and family are #433 among India's richest people (2026). Its director Ishan Bansal and family are #606 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65990KA2021PTC143517. Its GSTIN is 29AAICG8062D1ZG (Karnataka).
The company has an authorised share capital of ₹550 Cr and a paid-up capital of ₹435.5 Cr. It is led by directors including Ankit Bansal (Whole-Time Director) and Gaurang Balkrishna Shah.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vaishnavi Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹202.53 Cr. For the same year it recorded a net profit of ₹6.68 Cr (net margin 3.3%) and EBITDA of ₹78.52 Cr (EBITDA margin 38.8%). Revenue has grown at a compounded annual rate (CAGR) of 982% over three years.
The company has about 70 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Groww. As per MCA filings, the company has open charges of ₹207 Cr and satisfied charges of ₹90 Cr on record. Court records list 625 cases involving the company, including 602 filed by the company and 23 filed against it; 254 cases are pending. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in November 2024. Its 5 peer companies in the BFSI industry (NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is Addlife Investments Private Limited with revenue of ₹356.1 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website groww.in.
Company details
CIN U65990KA2021PTC143517
Registration Number 143517
Incorporation Date 25 January 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Key People
Ankit Bansal Whole-Time Director Gaurang Balkrishna Shah Director Ashutosh Ashok Naik Director Recognitions & Rankings of Groww Creditserv Technology
Contact details
Groww Creditserv Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is groww.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressVaishnavi Tech Park South Tower 6th Floor Survey No.16/1 And 17/2, Ambalipura Village Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryFinancial Services, NBFC
To see the full contact details of Groww Creditserv Technology Private Limited, buy the company report.
Comprehensive company report
Groww Creditserv Technology Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Groww Creditserv Technology is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Groww Creditserv Technology Private Limited, buy the company report.
Financials of Groww Creditserv Technology Private Limited
FY 2025 filings availableGroww Creditserv Technology Private Limited reported revenue of ₹202.53 Cr for FY 2025.
Revenue · FY 2025
₹202.53 Cr
Net profit · FY 2025
₹6.68 Cr margin 3.3%
EBITDA · FY 2025
₹78.52 Cr margin 38.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 982%
EBITDA CAGR growth
3 years · compounded
▲ 897%
Revenue has grown at a compounded annual rate (CAGR) of 982% over three years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹78.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.68 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.8% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Groww Creditserv Technology Private Limited, buy the company report.
Board of directors of Groww Creditserv Technology Private Limited
Groww Creditserv Technology has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurang Balkrishna Shah | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Ashutosh Ashok Naik Also directs: Groww Wealth Tech Private Limited, Groww Trustee Limited, Groww Pay Services Private Limited and 3 more | Director | 24 May 2021 | 5 Years 5 Months | Current |
| Harsh Jain Also directs: Billionbrains Garage Ventures Limited, Stargazer Growth LLP, Groww Invest Tech Private Limited and 2 more | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Kalpana Swaminathan Also directs: Groww Foundation | Director | 07 Aug 2025 | 1 Years 3 Months | Current |
| Subhabrata Ghosh Also directs: Groww Invest Tech Private Limited, Aizyx Technologies LLP, Procix Software Private Limited and 2 more | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
| Ankit Bansal Also directs: Groww Insurance Broking Private Limited | Whole-Time Director | 25 Apr 2025 | 1 Years 6 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Groww Creditserv Technology Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Addlife Investments Private Limited | ₹356.1 Cr (FY 2016) | 9.0% | Ahmedabad, Gujarat, India | |||
| Pan Emami Cosmed Limited | ₹344.56 Cr (FY 2022) | 8.0% | Kolkata, West Bengal, India | |||
| Groww Creditserv Technology Private Limitedthis company | ₹202.53 Cr (FY 2025) | ₹6.68 Cr | 3.3% | 70 | Bangalore, Karnataka, India | |
| Turquoise Investments and Finance Private Limited | ₹172.52 Cr (FY 2018) | -48.0% | Mumbai, Maharashtra, India | |||
| Signet Capital Private Limited | ₹156.76 Cr (FY 2022) | -42.0% | Mumbai, Maharashtra, India | |||
| Future Financial Servicess Private Limited | ₹152.55 Cr (FY 2016) | 116.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Groww Creditserv Technology Private Limited, buy the company report.
Auditor
Groww Creditserv Technology Private Limited is audited by Vasanth And Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vasanth And Co | FY 2022 | 008204S |
Shareholding
The shareholding of Groww Creditserv Technology Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Groww Creditserv Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹207 Cr
Satisfied charges
₹90 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 100992132 | Others | ₹151 Cr | Open | |
| 18 Jun 2024 | 100936530 | Others | ₹50 Cr | Open | |
| 06 Mar 2024 | 100888158 | Others | ₹6 Cr | Open | |
| 25 May 2024 | 100922679 | Yes Bank Limited | ₹50 Cr | Satisfied | |
| 23 Dec 2023 | 100846950 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Groww Creditserv Technology Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Groww Creditserv Technology Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in November 2024.
Total deals
4
Rights issues
3
Secondary share transfer
1
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Rights issue | ₹150 Cr | Investors: Billionbrains Garage Ventures Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Billionbrains Garage Ventures Private Limited & Harsh Jain, Billionbrains Garage Ventures Limited Seller: 4 individuals |
| Nov 2022 | Rights issue | ₹516.24 Cr | Investors: Billionbrains Garage Ventures Limited , 3 individuals |
| Mar 2021 | Rights issue | ₹11.99 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Groww Creditserv Technology Private Limited has 625 court cases on record: 602 filed by Groww Creditserv Technology, 23 filed against it. 254 cases are pending and 371 are disposed.
Total cases
625
Filed by the company
602
Filed against the company
23
Pending
254
Disposed
371
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 622 | 20 | 253 |
| High courts | 3 | 3 | 1 |
Cases on record (5 of 625)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Jagdish | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Jagdish | Disposed |
| District court, Amritsar, Punjab | Court case (INDIG) | Filed against the company | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Karur, Tamil Nadu | Court case (IP) | Filed against the company | Pending |
To see the full case history of Groww Creditserv Technology Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Groww Creditserv Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Groww Creditserv Technology Private Limited has a workforce of 70 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
14.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 70 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Groww Creditserv Technology Private Limited, buy the company report.
GST
Groww Creditserv Technology has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICG8062D1ZG | Karnataka | Active | 15 Jun 2022 |
To see the full GST registrations and return filing status of Groww Creditserv Technology Private Limited, buy the company report.
Recent activity
Groww Creditserv Technology Private Limited has 16 board changes on record since 2021: 7 appointments and 9 cessations. The latest: Gaurang Balkrishna Shah ceased to be Additional Director on 27 Aug 2025.
AGM
Groww Creditserv Technology Private Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.
Ceased
Gaurang Balkrishna Shah ceased to be Additional Director.
Ceased
Kalpana Swaminathan ceased to be Additional Director.
Charges
A charge registered on 18 Aug 2023 via Charge ID 100777395 with Others was fully satisfied on 18 Aug 2025.
Ceased
Ankit Bansal ceased to be Additional Director.
Ceased
Harsh Jain ceased to be Director.
Appointed
Kalpana Swaminathan was appointed as Director.
Charges
A charge registered on 25 May 2024 via Charge ID 100922679 with Yes Bank Limited was fully satisfied on 21 Jul 2025.
Ceased
Abinav Prakash Viswanathan Karthik ceased to be Additional Director.
Appointed
Ankit Bansal was appointed as Whole-Time Director.
Appointed
Gaurang Balkrishna Shah was appointed as Director.
Filing
Groww Creditserv Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
16 earlier events are in the company report.
News
Frequently asked questions
Groww Creditserv Technology is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 25 January 2021 (5+ years old) and is registered under CIN U65990KA2021PTC143517.
Groww Creditserv Technology has 7 current directors:
- Ankit Bansal - Whole-Time Director
- Gaurang Balkrishna Shah - Director
- Ashutosh Ashok Naik - Director
- Harsh Jain - Director
- Kalpana Swaminathan - Director
- Subhabrata Ghosh - Director
- Ishan Bansal - Director
The latest financial statements of Groww Creditserv Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Groww Creditserv Technology is 29AAICG8062D1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Groww Creditserv Technology is U65990KA2021PTC143517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Groww Creditserv Technology has 625 court cases on record: 602 filed by the company and 23 filed against it. 254 are pending. Most are in the district courts.
Groww Creditserv Technology was incorporated on 25 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Groww Creditserv Technology has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in November 2024.
The peers of Groww Creditserv Technology by revenue are Addlife Investments Private Limited, Pan Emami Cosmed Limited, Turquoise Investments and Finance Private Limited, Signet Capital Private Limited, Future Financial Servicess Private Limited, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Gaurang Balkrishna Shah ceased to be Additional Director on 27 Aug 2025. Kalpana Swaminathan ceased to be Additional Director on 27 Aug 2025. Ankit Bansal ceased to be Additional Director on 07 Aug 2025. Groww Creditserv Technology has 16 board changes on record in total.
Groww Creditserv Technology can be reached through the website groww.in. Its registered office is in Bangalore, Karnataka, India.
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