Company Directory - Groww
Company Details - Groww
Groww
WebsiteBangalore, India
Groww is an Indian investment platform that allows users to invest in mutual funds, stocks, and more, providing a user-friendly interface for retail investors to manage their financial portfolios.
CCI Score
CCI Score: Groww
-20.14
Latest Event
Regulatory Settlement for Compliance Lapses
Groww Invest Tech settled a case with SEBI by paying Rs 47.85 lakh to address alleged violations of stock broker regulations. The settlement followed findings of discrepancies in client statements and inadequacies in the company's business continuity plan and surveillance framework.
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ACCOMPLICE
Groww is currently rated as an Accomplice.
Latest Events
- MAY142025
Groww Invest Tech settled a case with SEBI by paying Rs 47.85 lakh to address alleged violations of stock broker regulations. The settlement followed findings of discrepancies in client statements and inadequacies in the company's business continuity plan and surveillance framework.
-30
Business Practices and Ethical Responsibility
June 18
The regulatory settlement highlights significant business practice failures, including non-compliance with stock broker regulations and deficiencies in internal control measures. This exposes the company to risks and reflects negatively on its ethical responsibilities and operational oversight.
Groww Invest Tech pays Rs 47.85 lakh to Sebi, settles regulatory lapses case
- MAY142025
Groww paid INR 47.85 Lakh to settle a SEBI case over multiple security lapses, including failures in due diligence and a delayed review of its business continuity plan, marking its second regulatory settlement in a week.
-50
Business Practices and Ethical Responsibility
June 18
Groww's repeated settlements with SEBI for security lapses, including inadequate due diligence and failure to update client financial details as required by regulatory norms, indicate concerning business practices. Such non-compliance not only jeopardizes investor trust but also undermines the ethical responsibility expected of financial service providers.
Groww Pays INR 48 Lakh To Settle Case With SEBI Over Security Lapses
- MAY142025
Groww Invest Tech, formerly Nextbillion Technology Pvt Ltd, settled a case by paying Rs 47.85 lakh to SEBI over alleged violations of stock brokers' rules and other norms, including discrepancies in client statements and lapses in mandatory review frequencies. The settlement resolves the adjudication proceedings initiated in November 2024, though SEBI reserved the right to reopen the case.
-40
Business Practices and Ethical Responsibility
June 18
Groww Invest Tech was found to have multiple lapses in its regulatory compliance, including providing incorrect client information and not adhering to mandated review frequencies for its Business Continuity Plan. From an anti-fascist perspective, such violations of ethical business practices undermine overall corporate accountability, transparency, and responsibility, all of which are vital to a healthy democratic society.
Groww Invest Tech pays Rs 47.85L to Sebi, settles regulatory lapses case
- JUN242024
Following a viral social media complaint regarding an unexecuted mutual fund transaction, Groww clarified that no fraud occurred and credited the disputed amount back to the customer's account as a gesture of goodwill after identifying a reconciliation error.
+60
Business Practices and Ethical Responsibility
June 18
Groww's prompt response in addressing the complaint by clarifying that no funds were deducted and refunding the disputed amount reflects ethical business practices and accountability. This approach demonstrates responsibility in consumer relations and adherence to fair financial practices, aligning with progressive, anti-authoritarian business standards.
- JUN232024
A social media outcry led to allegations that Groww, an investment platform, displayed a fraudulent investment record by showing a folio that did not correspond to an actual transaction. Groww has clarified in an official statement that no money was deducted from the customer's account and that the issue was due to a reporting error, which they are now addressing with the affected customer.
-40
Business Practices and Ethical Responsibility
June 18
The incident raises serious concerns regarding ethical business practices and transparency. The erroneous investment record and subsequent allegations expose potential vulnerabilities in Groww's oversight mechanisms, undermining consumer trust. While the company claims the error was resolved and that no funds were deducted, the occurrence itself highlights lapses that could disproportionately harm retail investors.
Mutual Fund Investor's Complaint, Resolution Post On 'Groww' App Viral
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