MobiKwik Financial Services Private Limited, a wholly owned subsidiary of One MobiKwik Systems, has received an RBI Certificate of Registration to operate as an NBFC. The company says it plans to commence operations in three to six months and targets ₹5,000 crore in loan disbursements over three to four years.
One MobiKwik Systems Limited informed the stock exchanges that its wholly owned subsidiary, MobiKwik Financial Services Private Limited (MFSPL), has received a Certificate of Registration from the Reserve Bank of India to operate as a non-banking financial company. The company said the certificate was received on 6 November 2026, following in-principle approval earlier in 2026.
MobiKwik has said that MFSPL expects to commence business operations within the next three to six months. It plans to begin with an asset-light co-lending model in partnership with banks and other NBFCs, with an intended focus on secured and unsecured credit for consumers and micro, small and medium enterprises.
The company has set an ambition to disburse loans worth ₹5,000 crore over the next three to four years. It expects to leverage its existing customer reach, technology infrastructure, data and analytics capabilities, risk assessment models and collections expertise.
The NBFC subsidiary is expected to complement MobiKwik’s existing lending service provider activity by adding a direct loan-origination route. The ₹5,000 crore figure is a company target, not a confirmed disbursement outcome.
Primary source — One MobiKwik Systems stock-exchange press release, 6 November 2026: Read original report / announcement
Additional reporting — Inc42, 6 November 2026: Read original report / announcement
Editorial attribution: Independently written and edited by the BFSI NXT News Desk based on the source material linked above. Company statements, targets and forward-looking estimates are attributed to the respective organisation and are not presented as guaranteed outcomes.
