Billionbrains Garage Ventures Ltd. Company History and Annual Growth Details

Our Company was incorporated as “Billionbrains Garage Ventures Private Limited” on January 9, 2018, as a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated January 17, 2018, issued by the Registrar of Companies, Central Registration Centre. Pursuant to the Scheme of Amalgamation, approved by the National Company Law Tribunal, Bengaluru Bench on March 28, 2024, Groww Inc., our erstwhile holding company was amalgamated into and with our Company. For details, see “– Other Material Agreements - Scheme of Amalgamation amongst our Company, Groww Inc. and their respective shareholders” on page 269. Further, our Company was converted into a public limited company and the name of our Company was changed to Billionbrains Garage Ventures Limited, pursuant to a board resolution dated January 29, 2025, shareholders’ resolution dated February 21, 2025, and a fresh certificate of incorporation dated April 11, 2025 issued by the Registrar of Companies, Central Processing Centre.

Major Events and Milestones:

2017

- Launched Mutual Funds Distribution on Web and App, on Google Play1.

(1 Google Play is a trademark of Google LLC)

2020

- Launched stock trading on the Groww platform.

- Crossed one million transacted users on the Groww app.

- Commenced subscription of equity shares in initial public offerings, exchange-traded funds, intraday trade and futures and options on the Groww platform.

2021

- 1 in 5 new demat accounts were through Groww in India in FY 2021-22.

- Launched equity-linked derivatives trading for customers on the Groww platform.

2022

- Launch of personal loan products through partnerships with bank and NBFCs on the Groww platform.

2023

- Became the largest stock broker on the NSE by number of active users.

- Launch of Groww Mutual Fund’s first NFO – Nifty Total Market Index Fund

2024

- Introduction of Margin Trading Facility product feature on the Groww platform

- Launched separate Groww Credit app