Lalit Keshre: From Humble Beginnings to Billionaire CEO of Groww After a Stellar IPO Debut
Lalit Keshre Becomes a Billionaire Following Groww’s Stellar IPO
November 17, 2025 — In a remarkable turn of events, Lalit Keshre, co-founder and CEO of the investment platform Groww, has officially joined the ranks of billionaires following the company’s impressive stock market debut.
Groww founder and CEO Lalit Keshre is now a billionaire. (X/Lalit Keshre)
A Strong Market Debut
Groww made headlines on November 12 when it listed at ₹100 per share. In just four trading sessions, the stock skyrocketed by over 70%, reaching ₹169. This surge has propelled the fintech firm’s market capitalization beyond ₹1 lakh crore, significantly boosting Keshre’s net worth to approximately $1 billion, thanks to his 9.06% stake in the company, which translates to around ₹9,448 crore.
From Humble Beginnings to Billionaire Status
Keshre’s journey to wealth is as inspiring as it is impressive. Born to a farmer in the remote village of Lepa in Madhya Pradesh, he faced numerous challenges growing up. With limited educational resources, his parents sent him to live with his grandparents in Khargone to pursue better schooling.
His hard work paid off when he cracked the Joint Entrance Exam, earning a spot at IIT Bombay, where he completed both his bachelor’s and master’s degrees in technology. Keshre began his career at Flipkart as an early product manager, playing a pivotal role in shaping the Flipkart Marketplace before venturing out on his own in 2016.
The Birth of Groww
In 2016, Keshre teamed up with fellow Flipkart alumni Harsh Jain, Ishan Bansal, and Neeraj Singh to launch Groww. The platform quickly gained traction, attracting investments from major global players like Tiger Global, Sequoia Capital, and Ribbit Capital. By 2021, Groww had entered the Unicorn club with a valuation exceeding $1 billion, and it has since soared to over $3 billion by 2023, solidifying its position in India’s burgeoning fintech landscape.
As Keshre celebrates this monumental achievement, his story serves as a testament to the power of perseverance and innovation in the ever-evolving world of finance.
