Synopsis: Shares of One MobiKwik Systems Ltd rebounded 14% after the Reserve Bank of India approved its NBFC license, while a major block deal saw 60 lakh shares (7.7% equity) change hands, signaling strong market activity and investor interest.
The shares of this digital banking platform that offers a wide range of financial products for both consumers and merchants are in the spotlight after it rebiunded 14% from today’s low following approval from the RBI and a block deal activity.
With a market capitalisation of Rs. 1,856 cr, the shares of One Mobikwik Systems Ltd were trading at Rs. 236.75 per share, jumping 14% from today’s low of Rs. 213.85, making a day’s high of Rs. 243.45, up from its previous close of Rs. 224.80 per share.
What’s the News
Shares of One MobiKwik Systems Limited were seen in focus today after it saw a large block deal in which about 60 lakh shares, representing roughly 7.7% of the company’s equity, changed hands.
Additionally, One MobiKwik Systems Ltd announced that it has received approval from the Reserve Bank of India for its application to operate as a Non-Banking Financial Company (NBFC). This marks a major step in the company’s evolution from a digital payments provider into a broader financial services platform. The approval was granted in under four months, reflecting regulatory confidence in the company’s governance, technology, and operational capabilities.
With this approval, MobiKwik will set up a new lending arm, MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary. This in-house NBFC will allow the company to directly offer regulated lending products, including both secured and unsecured loans, to consumers and MSMEs. It is expected to improve the company’s ability to design innovative credit offerings, speed up product launches, and enhance lending margins through better control over the value chain.
The NBFC structure also enables MobiKwik to adopt a co-lending model, giving it access to more sustainable sources of capital. By leveraging its strong technology backbone, AI/ML-driven underwriting systems, and large customer base of over 186 million users, the company aims to deliver more personalized and efficient financial solutions. This move strengthens its ambition of becoming a full-stack fintech platform offering end-to-end digital financial services.
A key focus area for the company will be expanding credit access in Tier 2 and Tier 3 cities, where financial services remain underpenetrated. Through its NBFC operations, MobiKwik plans to drive financial inclusion by reaching underserved populations and businesses across India. The lending operations will officially commence once the company receives the Certificate of Registration (CoR) from the RBI, subject to fulfillment of certain conditions.
One MobiKwik Systems Limited is a leading Indian fintech company founded in 2009. It offers digital payment solutions like wallet services, UPI, and payment gateways, along with financial products such as credit, insurance, and investments, serving millions of users and merchants across India.
Sales of the company increased from Rs. 270.21 cr in Q2FY26 to Rs. 288.95 cr in Q3FY26. Operating profit increased from a loss of Rs. 15.49 cr to a profit of Rs. 6.70 cr. Net profit also rose from a loss of Rs. 28.62 cr to a profit of Rs. 4.05 cr over the same period.
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