Groww vs Paytm
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
Groww wins as a focused, profitable broker; Paytm Money is a smaller investing arm inside a broader super-app.
At a glance
| Metric | Groww | Paytm |
|---|---|---|
| Revenue | ₹3,901 Cr (FY25) | ₹8,437 Cr (FY26, +22% YoY) |
| Profit | ₹1,824 Cr (FY25 net profit) | ₹552 Cr PAT (FY26), vs ₹(663) Cr loss in FY25 |
| Active users | 12.58M+ active clients (India's #1 retail broker) | 7.2 Cr+ MTUs |
| Employees | ~2,500 | ~20,000 |
| Founded | 2016 | 2010 |
| HQ | Bangalore, India | Noida, India |
LLitmus Framework Score
Overall: Groww 89 · Paytm 89
Customer Segment
95
95
Value Proposition
94
92
Marketing Channel
90
88
Engagement
88
90
Income Source
85
85
Asset Validation
90
94
Core Operations
85
85
Strategic Alliance
92
90
Expense Validation
88
78
Groww leads 4 modules, Paytm leads 2. Overall edge: Tie.
Head to head
| Dimension | Groww | Paytm |
|---|---|---|
| Focus | Pure-play investing + adjacent credit | Investing arm within payments super-app |
| Active clients | 12.58M+ (#1 broker) | Niche broking share |
| Revenue model | Brokerage + lending + distribution | Payments-led; investing is secondary |
| Profitability | ~47% net margin (FY25) | Group profitable FY26; investing small |
FAQ
Is Groww or Paytm a better business?
Groww wins as a focused, profitable broker; Paytm Money is a smaller investing arm inside a broader super-app. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between Groww and Paytm's business model?
Groww operates in Fintech (Investing made easy), while Paytm is Fintech (India ka Apna Payments App). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, Groww or Paytm?
Groww: ₹1,824 Cr (FY25 net profit). Paytm: ₹552 Cr PAT (FY26), vs ₹(663) Cr loss in FY25.