About Groww Wealth Tech Private Limited
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Groww Wealth Tech Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Billionbrains Garage Ventures Private Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 29 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62099KA2016PTC098116. Its GSTIN is 29AACCF9728R1ZN (Karnataka).
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹25.17 Cr. It was formerly known as Finvantage Investment Adviser Private Limited. It is led by directors including Jagdeep Singh (Whole-Time Director) and Ashutosh Ashok Naik.
Its last annual general meeting (AGM) was held on 29 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 2026, the company reported a revenue of ₹48.2 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹7.85 Cr and EBITDA of -₹7.84 Cr. Revenue has grown at a compounded annual rate (CAGR) of 638% over three years.
The company is associated with 1 brand: Groww. The company has 5 deals on record (2 acquisitions, 2 secondary share transfers, 1 rights issue); the latest was in January 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier.
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
Name history
Groww Wealth Tech has undergone 2 name changes throughout its history. The company was previously known as Finvantage Investment Adviser Private Limited, and Groww Wealth Tech Private Limited. The current legal name is Groww Wealth Tech Private Limited.
| Company Name | Status |
|---|---|
| Groww Wealth Tech Private Limited | Current |
| Finvantage Investment Adviser Private Limited | Previous |
CIN history
Groww Wealth Tech has one previous CIN (Corporate Identification Number): U65999KA2016PTC098116. The current CIN is U62099KA2016PTC098116, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099KA2016PTC098116 | Current |
| U65999KA2016PTC098116 | Previous |
Contact details
Groww Wealth Tech 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 4th Floor, Survey No. 16/1 And 17/2 Ambalipura Village Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Groww Wealth Tech Private Limited, buy the company report.
- 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
Business activity
The main business activity of Groww Wealth Tech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Groww Wealth Tech Private Limited, buy the company report.
Financials of Groww Wealth Tech Private Limited
FY 2025 filings availableGroww Wealth Tech Private Limited reported revenue of ₹48.2 Lakh (down 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 638%. EBITDA rose 33% in the latest year. 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹7.84 Cr | ||||
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| Net Profit (PAT) | -₹7.85 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Groww Wealth Tech Private Limited, buy the company report.
Board of directors of Groww Wealth Tech Private Limited
Groww Wealth Tech has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Ashok Naik Also directs: Groww Ifsc Private Limited, Groww Foundation, Groww Creditserv Technology Private Limited and 2 more | Director | 11 Jul 2025 | 1 Years 3 Months | Current |
| Lalit Bhimani Also directs: Groww Ifsc Private Limited, Groww Insurance Broking Private Limited, Neobillion Fintech Private Limited and 3 more | Director | 11 Jul 2025 | 1 Years 3 Months | Current |
| Jagdeep Singh | Whole-Time Director | 02 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Groww Wealth Tech Private Limited is audited by Subek Agarwal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subek Agarwal & Associates | FY 2023 | 328737E |
Shareholding
The shareholding of Groww Wealth Tech Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
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| Others |
To see the full shareholding pattern of Groww Wealth Tech Private Limited, buy the company report.
Deals & funding
Groww Wealth Tech Private Limited has 5 deals on record (2 acquisitions, 2 secondary share transfers, 1 rights issue); the latest was in January 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Rights issue | ₹5 Cr | Investors: Billionbrains Garage Ventures Limited |
| Jul 2024 | Acquisition | ₹20 Cr | Buyer: Billionbrains Garage Ventures Limited |
| May 2023 | Acquisition | ₹4 Cr | Buyer: Billionbrains Garage Ventures Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Billionbrains Garage Ventures Limited , Billionbrains Garage Ventures Private Limited & Harsh Jain Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Nextbillion Technology Private Limited & Harsh Jain, Nextbillion Technology Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Groww Wealth Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Groww Wealth Tech Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Groww Wealth Tech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Groww Wealth Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF9728R1ZN | Karnataka | Active | 10 Aug 2017 |
To see the full GST registrations and return filing status of Groww Wealth Tech Private Limited, buy the company report.
Recent activity
Groww Wealth Tech Private Limited has 11 board changes on record since 2017: 3 appointments and 8 cessations. The latest: Ashutosh Ashok Naik ceased to be Additional Director on 28 Aug 2025.
2 earlier events are in the company report.
News
Frequently asked questions
Groww Wealth Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 29 November 2016 (10+ years old) and is registered under CIN U62099KA2016PTC098116.
Groww Wealth Tech has 3 current directors:
- Jagdeep Singh - Whole-Time Director
- Ashutosh Ashok Naik - Director
- Lalit Bhimani - Director
The latest financial statements of Groww Wealth Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Groww Wealth Tech is 29AACCF9728R1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Groww Wealth Tech is U62099KA2016PTC098116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Groww Wealth Tech was incorporated on 29 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Groww Wealth Tech has 5 deals on record (2 acquisitions, 2 secondary share transfers, 1 rights issue); the latest was in January 2025.
Ashutosh Ashok Naik ceased to be Additional Director on 28 Aug 2025. Lalit Bhimani ceased to be Additional Director on 28 Aug 2025. Ashutosh Ashok Naik was appointed as Director on 11 Jul 2025. Groww Wealth Tech has 11 board changes on record in total.
Groww Wealth Tech has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2022.
Groww Wealth Tech can be reached through the website groww.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Groww Wealth Tech is at Vaishnavi Tech Park South Tower 4th Floor, Survey No. 161 And 172 Ambalipura Village Varthur Hobli, Bangalore, Karnataka, India – 560103.