MobiKwik Transfers Digital Lending to Subsidiary, Appoints Manish Pathania as CBO
MobiKwik transferred its digital lending business to wholly-owned subsidiary MDSPL, infusing ₹60.85 crore. Manish Pathania appointed Chief Business Officer of MDSPL. Company aims for ₹1,000+ crore quarterly disbursals, driven by AI and new partnerships. Financial Services Gross Profit rose 459% YoY in Q1 FY27.
The restructuring of the lending business into a subsidiary and the appointment of a new leader are significant internal changes that could impact future growth and operational efficiency. The projected increase in disbursals also suggests a positive financial outlook for this segment.
The transfer of the lending business to a dedicated subsidiary, appointment of a new CBO, and projected growth in disbursals indicate a positive strategic move for the company's lending vertical.
One MobiKwik Systems Ltd. has announced the successful transfer of its entire digital lending business, including associated employees, to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL). This strategic move, following shareholder approval via postal ballot on July 2, 2026, establishes MDSPL as a dedicated entity for digital lending activities.
One MobiKwik Systems Limited has infused ₹60.85 crore as equity into MDSPL to support this transition. The transfer aligns with the RBI's approval in April 2026, which stipulated that the Lending Service Provider (LSP) business be migrated to a wholly-owned subsidiary before the Certificate of Registration (CoR) is issued.
To spearhead the lending vertical's next phase of growth, Manish Pathania, formerly of Bajaj Markets, has been appointed as the Chief Business Officer of MDSPL. Pathania brings nearly two decades of experience in digital lending, business development, and strategic planning. He will oversee customer origination, underwriting, credit risk management, servicing, and collections.
MobiKwik anticipates achieving quarterly disbursals of over ₹1,000 crore in the upcoming quarters, driven by AI-led growth initiatives and new lender partnerships. In Q1 FY27, the company's Financial Services Gross Profit saw a significant year-on-year increase of 459%, attributed to improved credit quality and recovery efforts. The company aims to deepen credit penetration among its 9.5 crore existing customers while maintaining a disciplined approach to risk management.
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