MobiKwik, the popular fintech company known for its digital payments and financial services, has just taken a giant leap into the stock broking business. The company has launched a new subsidiary called Mobikwik Securities Broking Private Ltd. after receiving official approval from the Ministry of Corporate Affairs on March 3, 2025. This exciting expansion is a big shift for MobiKwik, and it’s…
Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
Zerodha, India’s largest stock broking platform, has announced impressive financial results for FY24, reporting a revenue of ₹8,320 crore and a profit of ₹4,700 crore, according to CEO and co-founder Nithin Kamath. This marks a significant increase from FY23, when the company recorded revenue of ₹6,875 crore and profit of ₹2,907 crore.
The growth trend continues, as Zerodha’s net…
PhonePe, the Walmart-backed fintech giant, has announced a significant milestone by turning profitable for the fiscal year 2024, excluding costs related to employee stock options (ESOPs). The company reported a profit after tax (PAT) of ₹197 crore, excluding ESOP expenses, marking a dramatic turnaround from a loss of ₹738 crore in FY23.
In a statement released on Monday, PhonePe highlighted…
Angel One, a prominent Mumbai-based stock broking firm, has announced a substantial investment of Rs 250 crore into its wealth management division, Angel One Wealth. This strategic move is aimed at expanding its services to cater to the growing population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in India.
Investment Details:
Investment Amount: Rs 250…
