MOBIKWIKOne Mobikwik Systems Ltd.
One Mobikwik Systems' subsidiary gets RBI NBFC licence for co-lending
- Guidance
- Digital payments and lending
Reviewed byKeshav SehgalBlacklitt Research
One Mobikwik Systems (NSE: MOBIKWIK) said in a filing on 06 Nov 2026 that the Reserve Bank of India has issued a Certificate of Registration to operate as a Non-Banking Financial Company to its wholly owned subsidiary, MobiKwik Financial Services Private Limited. The certificate was issued on 05 Nov 2026 and was received by the company on 06 Nov 2026.
The licence and the planned business
The Certificate of Registration was issued under Section 45-IA of the Reserve Bank of India Act, 1934, and does not have an expiry date. The company says the subsidiary is to commence business operations with an asset light co-lending model in the next three to six months, in partnership with NBFCs and banks.
The company says the licence will provide greater flexibility in product development, faster go-to-market execution and opportunities to improve lending economics, while allowing the MobiKwik Group to continue leveraging its partnerships with established lenders. The filing does not say how the co-lending will be structured between the subsidiary and its partners.
How it fits the company
The company is in the IT sector, with a market value of ₹1,733 crore at the 05 Nov 2026 close. Its latest reported quarter, Q2 FY27, showed consolidated total income of ₹302.76 crore and net profit of ₹11.83 crore, reported in a filing on 02 Nov 2026.
What the NBFC licence means for One Mobikwik Systems' shareholders
The licence allows the subsidiary to begin a regulated lending business in a new model, with the company's own description of its benefits. The filing gives no capital figure for the subsidiary, no expected volume of co-lending, and no financial effect on the company's results.
The next dated step the filing gives is the start of business operations, expected within three to six months of the filing.
At a glance
| Item | Detail |
|---|---|
| Subsidiary | MobiKwik Financial Services Private Limited |
| Regulator | Reserve Bank of India |
| Licence | Certificate of Registration as NBFC, under Section 45-IA of the RBI Act, 1934 |
| Issued | 05 Nov 2026 |
| Received by the company | 06 Nov 2026 |
| Expiry | None stated |
| Planned business | Asset light co-lending with NBFCs and banks, to start in three to six months |
Filed with NSE on . Reference: Original filing (PDF)
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