The founder of Groww, Lalit Keshre, reportedly began his professional journey by Working in a small startup in Bengaluru. Read to know more about him!
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The success story of Lalit Keshre is unique and living proof that IIT’ans are known for revolutionizing the country and are a prerequisite to success. He developed a fintech company, Groww, that made a profit of over 427 crores in FY22, making it a company that is mostly bootstrapped.
Career
Early Education
- Lalit’s academic brilliance shone through from a young age, having been born in 1983. He attended St.Jude’s Academy in Khargone, Madhya Pradesh, where he received an exceptional education.
- After completing his higher secondary education, Lalit went on to pursue a Bachelor of Technology in Microelectronics at the prestigious Indian Institute of Technology in Mumbai. His thirst for knowledge and dedication to his education paved the way for a bright future in his field.
Career After IIT
- Soon after completing his engineering degree, he started working as a production engineer at Ittiam Systems. Lalit served a long term of 6 years in the startup.
- After quitting Ittiam Systems, Keshre founded Eduflix, a marketplace for teachers and students. The company ran for two years. However, owing to the bandwidth challenge, he had to shut down the company.
- After the closure of Ittiam Systems, Lalit joined Flipkart as its product engineer. He served Flipkart for more than 2 years.
The Foundation of Groww
- While working at Flipkart, Lalit decided to take an entrepreneurial plunge.
- In due time, Lalit, along with his esteemed colleagues from Flipkart, namely Harsh Jain, Neeraj Singh, and Ishan Bansal, embarked on a new professional journey by joining a financial company.
- Despite their demanding schedules at Flipkart, the quartet eventually decided to resign from their positions to devote their undivided attention to the development and growth of Groww.
- In 2016, Lalit became the CEO of Groww. Besides, Harsh Jain is the COO of Groww, while Neeraj Singh and Ishan Bansal are the CTO and CFO, respectively.
- It is worth noting that Groww’s fund has been experiencing a significant increase lately.
- This growth is further substantiated by the fact that the company’s net profit for FY22 has witnessed a remarkable surge of 2.5 times, amounting to INR 6.8 Crores. This is a remarkable achievement for the company and a testament to its commitment to delivering value to its customers.
What is the Net Worth of Lalit Keshre?
As of 2024, Lalit Keshre has an estimated net worth of $3 billion, which in INR is 247 crore. Besides, he has a reported annual salary of $47 million.
Who is in the Family of Lalit Keshre?
Although there is not much information about Lalit Keshre’s family, he is married to Bharti Patwari Poorey. Additionally, the couple has a daughter.
Do You Know These Lesser-Known Facts About Lalit Keshre?
- When Lalit Keshre and his colleagues—Harsh Jain, Neeraj Singh, and Ishan Bansal—left Flipkart, they were all in managerial positions
- Keshre was born and brought up in a small city in Madhya Pradesh.
- In a media interaction, Lalit mentioned Shah Rukh Khan as the most influential person.
- He shares a very close bond with his daughter.
- During an interview, Lalit, who has achieved success as an entrepreneur and engineer, expressed his interest in exploring the field of filmmaking. Despite his accomplishments in other areas, he seems to have a strong desire to pursue this new venture.
- Keshre is a tech junkie and has been investing in stocks since his college days.
- Nassim Taleb, Bill Bryson, and Michael Lewis are his favorite writers.
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