MobiKwik subsidiary receives RBI NBFC registration; to launch operations in 3-6 months
MobiKwik's subsidiary, MFSPL, has received RBI registration to operate as an NBFC. The company plans to commence operations in 3-6 months with an asset-light co-lending model. MFSPL aims to disburse ₹5,000 crore in loans over the next three to four years, serving consumers and MSMEs.
Obtaining an NBFC license from the RBI is a major strategic development that will significantly expand the company's operational capabilities in the credit market.
The company has secured a crucial NBFC registration from the RBI, which is a significant milestone for expanding its financial services offerings and lending business.
One MobiKwik Systems Limited announced that its wholly owned subsidiary, MobiKwik Financial Services Private Limited (MFSPL), has received the Certificate of Registration (CoR) from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC).
This registration, following an in-principle approval in April 2026, marks a significant step in MobiKwik's strategy to expand its financial services. The NBFC will complement the existing Lending Service Provider (LSP) business by allowing direct credit origination, offering greater flexibility in product development and faster market entry. The company plans to disburse loans worth ₹5,000 crore over the next three to four years, leveraging its technology, data analytics, risk assessment, and collections expertise.
MFSPL intends to offer both secured and unsecured credit to consumers and MSMEs across India. Operations are expected to commence within the next three to six months, starting with an asset-light co-lending model in partnership with banks and NBFCs.
Upasana Taku, Co-founder, Executive Director & CFO, highlighted the importance of this milestone for MobiKwik's evolution into a full-stack fintech platform. She emphasized leveraging the company's extensive network of 196 million users and 5 million merchants, alongside existing lender partnerships and technology infrastructure, to build a sustainable lending franchise with a focus on responsible lending and prudent underwriting.
The NBFC launch builds on the strong performance of MobiKwik's financial services business, which saw a 34% year-on-year growth in lending disbursal to ₹1,083 crore in Q2 FY27 through its 11 lending partners. Gross profit from financial services also grew 2.2x year-on-year.
What to do with a filing like this
One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by One Mobikwik Systems Limited. Read the original for the full detail.