World’s fourth-largest AMC State Street invests in Groww AMC to strengthen its presence in India

American investment banking company State Street Investment Management today announced a strategic minority investment in Groww AMC, the asset management arm of Groww, India's top stock broking platform.

State Street Investment Management, the world’s fourth-largest asset management company (AMC), said the latest investment will strengthen its presence in India while enabling the delivery of Indian-focused investment strategies to clients globally.

“India stands out as a market of immense opportunity, with a rising middle class, favorable demographics, and a rapid shift toward embracing modern investment products,” said Yie-Hsin Hung, CEO of State Street Investment Management.

“Groww AMC is at the forefront of this transformation, making investment exposures accessible to millions of individuals and capturing a significant share of the growing domestic wealth market. Our partnership with Groww AMC allows us to participate directly in the growth of India’s domestic asset management market, deliver a range of investment exposures to a broader population, and build a pipeline of Indian exposures for global distribution,” Hung added,

“State Street Investment Management is one of the world’s largest asset managers, and we are delighted to welcome them as an investor and strategic partner in Groww AMC,” said Harsh Jain, co-founder and COO, Groww.

“This partnership will enable us to bring global best practices and sophisticated investment products to Indian investors, strengthening our long-term commitment to building a world-class asset management platform in India,” Jain added.

The strategic partnership with Groww AMC complements State Street Investment Management’s recent equity investments and product collaborations. These alliances enable State Street Investment Management to reach new investors, add investment capabilities, create innovative products, and reinforce its commitment to broadening access and delivering solutions to all types of investors, the release notes.

The development comes as Groww announced the financial resultsfor the third quarter of FY26 (Q3 FY26). The company said its revenue from operations rose 24.8% year-on-year to Rs 1,216.07 crore in Q3 FY26, compared with Rs 974.53 crore in the same quarter last year, according to filings with the NSE.

Despite the revenue growth, consolidated net profit attributable to shareholders declined 27.8% year-on-year to Rs 546.93 crore in Q3 FY26, down from Rs 757.11 crore in the year-ago quarter.

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