mumbai, Nov. 22 -- Fintech platform and broking firm Groww has just started its journey and has "not even covered 1% of our journey" even though it has completed nine years of existence, co-founder and chief executive officer Lalit Keshre in his first-ever letter to shareholders. With this milestone note, Keshre lays out the roadmap for the years ahead: "As we publish our quarterly reports, you will see us repeat the same themes. We believe in compounding-product compounds, wealth compounds, trust compounds." At a time when more players are entering the asset management space, Groww's leadership believes there is still massive headroom for growth, noting that "the percentage of people building wealth through financial markets is still very small." To buttress the potential in the fintech business, Keshre highlighted how customers rarely stop at just one product; once they begin, they inevitably seek more options to manage and grow their wealth. He noted that Groww has already introduced over 10 new products, each shaped directly by customer demand and giving potential users yet another reason to come on board. But "tens more" of products are still needed to serve the full spectrum of investor requirements, he said. Shares of Billionbrains Garage Venture Ltd, the listed parent of Groww, closed steady at Rs.157 each on the BSE on Friday, valuing the company at some Rs.98,800 crore. Keshre emphasized that the company's guiding principle is to always view the platform through the customer's lens. "Thinking this way generates customer love. Monetization follows," he said, reaffirming that the focus remains on building trust and utility first. He added that Groww is firmly "committed to creating long-term value for all our shareholders," making customer-centricity the foundation for sustainable growth. All said, Keshre also had a reminder: steady progress does not always mean the returns will be smooth. Groww's total customer assets stood at about Rs.2.7 lakh crore, marking a 33% year-on-year (y-o-y) increase, while its total transacting user base grew 27% y-o-y to 19 million in the second quarter of financial year 2026 (Q2 FY26). During the quarter, the Bengaluru-based platform reported a total income of Rs.1,070.8 crore, versus Rs.1,160 crore a year ago. Net profit rose to Rs.471.3 crore, up from Rs.420.1 crore a year ago. The firm said that the recent Fisdom acquisition could add another 3-4% to operating revenue at its current pace. The company attributed the rise in revenue per broking order from Rs.18.0 in Q2 FY25 to Rs.19.8 in Q2 FY26 to a mixed performance across segments. While revenue per order in derivatives fell due to the true-to-label circular, this was more than offset by stronger gains in equity trades....