Groww doubles down on wealth management, lending to diversify revenue base: CEO Lalit Keshre

Groww is stepping up focus on wealth management and lending to reduce dependence on its core broking business, said cofounder and chief executive Lalit Keshre. Lending contributes 6% of revenues, around Rs 232 crore annually, he said. Stock and equity derivatives declined to 73%, indicating a gradual diversification of income streams.