Key Takeaways
- • Emirates NBD and StockGro signed a Memorandum of Understanding on 11 November 2026 at the Dubai FinTech Summit to explore digital investment solutions for customers in the UAE and India.
- • The MoU will examine how Emirates NBD's banking and wealth expertise could combine with StockGro's investment research, advisory and AI-powered analysis.
- • The MoU was signed by Neeraj Makin, Group Head of Strategy, Analytics and Venture Capital at Emirates NBD, and Ajay Lakhotia, Founder, Managing Director and CEO of StockGro.
- • StockGro, which states it has over 37 million active users, gains an opportunity to test its research and AI capabilities in an international market through the partnership.
- • The agreement is exploratory; the release does not disclose financial terms, timelines or binding commitments.
Summary
Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, and India-based StockGro have signed a Memorandum of Understanding to explore digital investment solutions for customers in the UAE and India, according to a company press release published by Passionate in Marketing. The MoU was signed at the Dubai FinTech Summit.
The partnership would explore how Emirates NBD's banking and wealth expertise could work with StockGro's investment research, advisory and AI-powered analysis to grow digital investment across both markets. For StockGro, the agreement provides an opportunity to assess its research and AI capabilities in an international market alongside a major regional bank. The MoU was signed by Neeraj Makin and Ajay Lakhotia, with Hitesh Asarpota, CEO of Emirates NBD Capital, and Mohammed Al Bastaki, Group Head of Private Banking and Wealth Management, also present.
Lakhotia described the UAE as undergoing a structural shift, citing rising incomes, strong consumer spending and rapid digital adoption, and said local investors need research and expert-backed advice they can trust. He said StockGro intends to bring tools used by more than 37 million Indian investors to the UAE. Makin said empowering emerging investors across the UAE-India corridor is a strategic priority for Emirates NBD and described StockGro's platform as lowering barriers to entry for individuals engaging with capital markets.
StockGro, founded in 2020, describes itself as India's largest expert-led investment advisory and research platform by number of subscribers as of FY2026. Its AI tool, Stoxo, supports market data analysis, portfolio review and fundamental, technical and sentiment analysis. The company says it works with 150+ SEBI-registered research analysts and has partnerships with 1,400+ educational institutions.
Emirates NBD reported total assets of AED 1.38 trillion (approximately USD 375.7 billion) as at 30 September 2026, with operations in 13 countries and over 25 million active customers. The release does not specify financial terms, launch dates or product details for the planned collaboration.
The partnership would explore how Emirates NBD's banking and wealth expertise could work with StockGro's investment research, advisory and AI-powered analysis to grow digital investment across both markets. For StockGro, the agreement provides an opportunity to assess its research and AI capabilities in an international market alongside a major regional bank. The MoU was signed by Neeraj Makin and Ajay Lakhotia, with Hitesh Asarpota, CEO of Emirates NBD Capital, and Mohammed Al Bastaki, Group Head of Private Banking and Wealth Management, also present.
Lakhotia described the UAE as undergoing a structural shift, citing rising incomes, strong consumer spending and rapid digital adoption, and said local investors need research and expert-backed advice they can trust. He said StockGro intends to bring tools used by more than 37 million Indian investors to the UAE. Makin said empowering emerging investors across the UAE-India corridor is a strategic priority for Emirates NBD and described StockGro's platform as lowering barriers to entry for individuals engaging with capital markets.
StockGro, founded in 2020, describes itself as India's largest expert-led investment advisory and research platform by number of subscribers as of FY2026. Its AI tool, Stoxo, supports market data analysis, portfolio review and fundamental, technical and sentiment analysis. The company says it works with 150+ SEBI-registered research analysts and has partnerships with 1,400+ educational institutions.
Emirates NBD reported total assets of AED 1.38 trillion (approximately USD 375.7 billion) as at 30 September 2026, with operations in 13 countries and over 25 million active customers. The release does not specify financial terms, launch dates or product details for the planned collaboration.
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