Broking industry's race to the top: Groww poised to pip Zerodha, but...

Groww set to become number one in active investors, but Zerodha remains most profitable

The broking industry’s pecking order is set to change with Groww, a fin-tech startup from Bengaluru, poised to topple the industry’s poster boy, Zerodha, as the leading brokerage in the number of active investors.

According to data provided by the portal Topsharebrokers.com, Zerodha has 6.32 million active investors, while Groww is at 5.99 million. It is projected that Groww, which has grown at a much faster clip over the past two years, will surpass Zerodha this month, or next month.

Interestingly, at the end of March 2021, Zerodha’s investor base was nearly 5x that of Groww. In FY22 — a