Groww’s IPO has turned Lalit Keshre—a farmer’s son and the company’s co-founder and CEO—into India’s newest tech billionaire. It’s a story that’s stirring up both the start-up world and Dalal Street, with many calling it one of the most exciting entrepreneurial journeys in recent years.
Lalit Keshre’s Background
Born and raised in Madhya Pradesh, Lalit Keshre’s early life was defined by his family’s farming roots. He graduated from IIT Bombay and started his professional journey as an engineer at Flipkart, where he crossed paths with Groww’s eventual co-founders—Harsh Jain, Ishan Bansal, and Neeraj Singh. In 2016, the group left Flipkart to solve what they saw as the biggest challenge for middle-class Indians: easy, transparent access to investments. Lalit’s vision was simple: make wealth management accessible to everyone, not just seasoned traders or wealthy elites.
Keshre’s Stake in Groww
Lalit Keshre currently holds 55.91 crore shares in Groww, representing a 9.06% stake in the company. At today’s price of ₹174.45 per share, the value of his stake stands around ₹9,448 crore (nearly $1.14 billion), comfortably placing him in the ranks of India’s billionaires. The four founders collectively own about 26.64% of Groww’s equity as per the DRHP.
Net Worth and Wealth Milestone
Keshre’s personal wealth has passed the ₹9,400 crore mark thanks to the surge in Groww’s share price post-IPO. He’s now being celebrated as both a founder and a new billionaire, with industry leaders and investors lauding his story of building a multi-billion-dollar business from humble beginnings.
Groww’s IPO Performance
Groww made its stock market debut on November 12, 2025. The shares were priced at ₹100 for their IPO, but the opening day pop saw them list at ₹114 on BSE, which is already a 14% premium. Over the next four trading sessions, the stock surged more than 70%, with current prices hovering around ₹174 per share. The IPO was oversubscribed 17.6 times—evidence of strong demand and investor enthusiasm.
| IPO Price | Listing Price | Current Price | Surge since IPO |
|---|---|---|---|
| ₹100 | ₹114 | ₹174.45 | 74.45% |
Market Cap and Valuation
As of November 17, 2025, Groww’s market capitalization has surpassed ₹1 lakh crore, making it one of the largest fintech firms and giving it “unicorn of unicorns” status in India’s dynamic start-up ecosystem. Just months earlier, Groww’s IPO prospectus cited its industry-leading user base and profitability numbers. Now, those claims have been spectacularly vindicated in the market.
Comments from Famous Voices
The remarkable rally and Lalit’s achievement have not gone unnoticed by India’s top business celebrities. Nikhil Kamath, Co-founder of Zerodha, tweeted, “Congrats on the IPO Lalit & team, and best of luck.”
Kunal Shah, founder of Cred, commented, “Extraordinary execution over years with extraordinary attention to detail on every aspect. Kudos team GROWW and Lalit. It’s time to Groww.”
These sentiments have been echoed by startup veterans such as Aadit Palicha and Anu Hariharan, who praised Keshre for building trust and accountability at scale.
The Conversation Around the Billionaire Founder
Lalit has been candid about his approach. In post-IPO interviews, he stated, “This listing is not just an exit or liquidity event for us. It’s about cementing trust with millions of retail investors. We want to scale responsibly and continue building for the next generation of Indians.”
From a farmer’s son to IITian to Flipkart engineer—and now, billionaire fintech CEO—Lalit Keshre’s journey with Groww is one for the ages. As Groww continues its meteoric rise, all eyes are on how the company, and its visionary founder, will shape India’s financial future.
