American funding banking firm State Road Funding Administration as we speak introduced a strategic minority funding in Groww AMC, the asset administration arm of Groww, India’s high inventory broking platform.

State Road Funding Administration, the world’s fourth-largest asset administration firm (AMC), mentioned the newest funding will strengthen its presence in India whereas enabling the supply of Indian-focused funding methods to shoppers globally.

“India stands out as a market of immense alternative, with a rising center class, favorable demographics, and a speedy shift towards embracing trendy funding merchandise,” mentioned Yie-Hsin Hung, CEO of State Road Funding Administration.

“Groww AMC is on the forefront of this transformation, making funding exposures accessible to thousands and thousands of people and capturing a major share of the rising home wealth market. Our partnership with Groww AMC permits us to take part straight within the development of India’s home asset administration market, ship a variety of funding exposures to a broader inhabitants, and construct a pipeline of Indian exposures for international distribution,” Hung added,

“State Road Funding Administration is likely one of the world’s largest asset managers, and we’re delighted to welcome them as an investor and strategic accomplice in Groww AMC,” mentioned Harsh Jain, co-founder and COO, Groww.

“This partnership will allow us to convey international finest practices and complicated funding merchandise to Indian traders, strengthening our long-term dedication to constructing a world-class asset administration platform in India,” Jain added.

The strategic partnership with Groww AMC enhances State Road Funding Administration’s current fairness investments and product collaborations. These alliances allow State Road Funding Administration to succeed in new traders, add funding capabilities, create modern merchandise, and reinforce its dedication to broadening entry and delivering options to all sorts of traders, the discharge notes.

The event comes as Groww announced the financial resultsfor the third quarter of FY26 (Q3 FY26). The corporate mentioned its income from operations rose 24.8% year-on-year to Rs 1,216.07 crore in Q3 FY26, in contrast with Rs 974.53 crore in the identical quarter final yr, based on filings with the NSE.

Regardless of the income development, consolidated web revenue attributable to shareholders declined 27.8% year-on-year to Rs 546.93 crore in Q3 FY26, down from Rs 757.11 crore within the year-ago quarter.

On a quarter-on-quarter foundation, revenue after tax rose 16% from Rs 471 crore in Q2 FY26 to Rs 547 crore in Q3 FY26.