Groww’s CEO sees long growth runway

Fintech platform and broking firm Groww has just started its journey and has “not even covered 1% of our journey” even though it has completed nine years of existence, co-founder and chief executive officer Lalit Keshre in his first-ever letter to shareholders.

- Dipti Sharma

With this milestone note, Keshre lays out the roadmap for the years ahead: “As we publish our quarterly reports, you will see us repeat the same themes. We believe in compounding—product compounds, wealth compounds, trust compounds.”

At a time when more players are entering the asset management space, Groww’s leadership believes there is still massive headroom for growth, noting that “the percentage of people building wealth through financial markets is still very small.”

To buttress the potential in the fintech business, Keshre highlighted how customers rarely stop at just one product; once they begin, they inevitably seek more options to manage and grow their wealth.