Stock Report

MobiKwik Group secures RBI approval for NBFC application

Posted On : 2026-04-28 10:59:31( TIMEZONE : IST )

One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK / BSE: 544305), today announced that the Group's application for a Non-Banking Financial Company (NBFC) license has been approved by the Reserve Bank of India (RBI), marking a significant milestone in the Group's journey to deepen its financial services offerings.

The NBFC license will enable the launch of a new lending division - MobiKwik Financial Services Private Limited (MFSPL, a wholly owned subsidiary), which will help expand its regulated lending capabilities, design innovative credit products, and serve a broader base of consumers and merchants with greater efficiency and control. This development aligns with the Group's long-term vision of building a full-stack fintech platform that delivers accessible, responsible, and tech-led financial products.

The NBFC will build on the Group's inherent strengths of having a 186 Mn+ customer base, a trusted brand name, as well as strong tech infrastructure, risk underwriting and collection capabilities. MFSPL, the group's in-house NBFC is envisaged to enable launch of new credit products with faster go-t0-market (GTM) offering both secured and unsecured to consumers and MSMEs in underserved geographies. The NBFC's operations will commence upon receipt of Certificate of Registration (COR) from RBI on the fulfilment of certain conditions.

Commenting on the development, Upasana Taku, Executive Director, Co-founder & CFO, MobiKwik said "The NBFC application approval is a pivotal step in MobiKwik Group's evolution into a scaled financial services platform. We are especially happy that the application has been approved in under four months, which is an endorsement of the credibility of the Group, and are grateful to the RBI for reposing its faith in us. This gives us the regulatory framework to deepen our credit offerings while maintaining strong governance and risk discipline. We will continue to responsibly serve the credit needs of Bharat and build products that genuinely improve financial inclusion."

The NBFC framework will allow MobiKwik to leverage its technology capability, AI-ML models and large user base to deliver personalized financial products catering to the diverse needs of the consumers. While the core focus will remain on Tier 2 and Tier 3 cities, the services will be offered across the nation, leveraging India's diverse geographical potential. This strategy emphasizes financial inclusion in underpenetrated regions, thereby improving access to credit and driving greater mobilization of financial services.

Shares of One Mobikwik Systems Limited was last trading in BSE at Rs. 224.80 as compared to the previous close of Rs. 202.55. The total number of shares traded during the day was 971741 in over 9805 trades.

The stock hit an intraday high of Rs. 243.00 and intraday low of 202.55. The net turnover during the day was Rs. 222801682.00.