MobiKwik Approves ₹10 Crore Investment in NBFC Subsidiary

MobiKwik has decided to put ₹9.99 crore into its subsidiary, MobiKwik Financial Services Pvt Ltd (MFSPL). The investment will be made in one or more tranches by October 10, according to a filing on October 1, 2025.

Use of Funds by MobiKwik Financial Services

The subsidiary will focus on activities as a non-banking financial company. This includes leasing and hire purchase of vehicles, machinery, factories, equipment, ships, aircraft, and real estate.

MobiKwik Financial Services Setup

MFSPL was incorporated on April 23 with a paid-up capital of ₹1 lakh. The company has not confirmed whether the subsidiary has received an NBFC licence.

Earlier Approach

Before creating MFSPL, MobiKwik offered credit products through partnerships with banks and other NBFCs. The new unit will allow the company to run lending operations on its own and bring in interest income.

MobiKwik Financial Performance

In Q1 FY26, MobiKwik reported a net loss of ₹41.9 crore. This was much higher than the ₹6.6 crore loss in Q1 FY25. The company’s revenue also fell 21% year-on-year, from ₹342.3 crore to ₹271.4 crore.

Impact of Regulations

The company has pointed to regulatory changes as a factor in its weak performance. RBI rules on peer-to-peer lending led to adjustments in its products. MobiKwik also closed its buy-now-pay-later service Zip, which cut into lending revenue.

MobiKwik Share Price Performance 

As of October 3, 2025, 09:30 AM, MobiKwik share price was trading at ₹269.24, down by 1.05% from its previous day's closing price.

Read more: MobiKwik UPI Scam Cost it ₹40 Crores in 48 Hours: How Did This Happen? 

Conclusion

The ₹10 crore infusion into MFSPL comes at a time when MobiKwik is facing pressure on both earnings and its share price. This signals a shift to handling lending directly through its own subsidiary.

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