Groww Founder Lalit Keshre, a Farmer’s Son, Becomes Billionaire After Stellar IPO

Groww cofounder and CEO Lalit Keshre has officially joined India’s billionaire club after the company’s extraordinary stock market debut. The milestone marks a remarkable rise for the son of a farmer from Lepa village in Madhya Pradesh, who went on to build one of India’s leading fintech platforms.

Keshre currently holds 55.91 crore shares of Groww, amounting to a 9.06% stake. With the stock trading at a record ₹169 per share, his holding is now valued at ₹9,448 crore — placing him around the $1 billion mark.

A blockbuster IPO debut

Groww listed on November 12 at ₹100 a share, and the stock has rallied over 70% in just four sessions. The company’s market capitalization has crossed ₹1 lakh crore, making it one of the strongest listings in recent years.

A journey from a small village to IIT Bombay

Keshre, now 44, grew up in modest surroundings and attended the only English-medium school in the Khargone district. He later discovered the Joint Entrance Exam and secured admission to IIT Bombay, where he completed his bachelor’s and master’s degrees in technology.

He began his career at Flipkart as an early product manager and eventually left in 2016 to build Groww along with former Flipkart colleagues Harsh Jain, Ishan Bansal, and Neeraj Singh.

Also Read: India Signs ‘Historic’ Deal to Import 2.2 MTPA LPG from the US: Puri

Other Groww founders have also become multi-billionaires

The strong listing has sharply boosted the fortunes of the cofounding team:

• Harsh Jain – 41.16 crore shares worth ₹6,956 crore

• Ishan Bansal – 27.78 crore shares worth ₹4,695 crore

• Neeraj Singh – 38.32 crore shares worth ₹6,476 crore

The IPO has transformed all four founders into some of India’s wealthiest startup leaders.

A milestone for India’s startup ecosystem

Groww’s stellar debut underscores the growing investor confidence in India’s fintech sector and highlights how homegrown platforms can scale to massive valuations.

The journey of Lalit Keshre — from a farmer’s home to the billionaire list — is a powerful example of how India’s startup ecosystem continues to unlock new opportunities.

Click here to explore: Groww IPO