Strategic Initiative: Digital Lending Business Transfer

MobiKwik has completed the transfer of its entire digital lending business (Lending Service Provider business) along with associated employees to MobiKwik Distribution Services Private Limited (MDSPL), its wholly-owned subsidiary. The transfer follows requisite corporate approvals, including a special resolution approved by shareholders through postal ballot on July 2, 2026.

Financial Transaction

Following shareholder approval, One MobiKwik Systems Limited infused ₹60.85 crore as equity into MDSPL to support the subsidiary's operations.

Leadership Appointment

Manish Pathania (formerly of Bajaj Markets) has been appointed as Chief Business Officer of MDSPL to lead the digital lending vertical. He brings close to two decades of experience across digital lending, business development, channel management and strategic planning, having previously worked at GE Money and HDB Financial Services.

Business Performance Metrics

  • Financial Services Gross Profit increased 459% YoY in Q1 FY27
  • Disbursal distribution: 32% through Distribution Model, 68% through FLDG (First Loss Default Guarantee) Model
  • Company maintains 9.5 crore engaged existing customers as potential credit market

Growth Outlook and Targets

MobiKwik is poised to achieve ₹1,000+ crore quarterly disbursals in upcoming quarters, driven by:

  • AI-led growth initiatives
  • New lender partnerships
  • Responsible lending practices
  • Disciplined risk management
  • Differentiated credit products for consumers and merchants

Strategic Rationale

The creation of MDSPL as a dedicated digital lending subsidiary provides a focused operating structure for the digital lending business. The company has built its lending franchise through partnerships with leading banks and financial institutions over seven years, developing capabilities across the lending value chain including loan origination, underwriting, servicing, portfolio management and collections.

Market Position

MobiKwik is India's largest digital wallet with 19% market share of PPI wallet by gross transaction value (GTV) as of June 2026. The company serves 19.3 crore registered users and 50.2 lakh merchants through various financial products including payments, credit, savings and investments.