Shares of One MobiKwik Systems Ltd. surged sharply on April 27, 2026, rising over 18% in intraday trade after the company announced a key regulatory approval from the Reserve Bank of India (RBI).
The fintech firm revealed that its application for a Non-Banking Financial Company (NBFC) license has been approved, marking a major step in its expansion into regulated lending.
By 1:52 PM (IST), the stock touched an intraday high of ₹241.90, compared to the previous close of ₹202.22. It opened at ₹205.15 and slipped to a low of ₹202.49 during the session, before gaining momentum. Trading activity remained strong, with volumes crossing 1.41 crore shares.
This development paves the way for the launch of its lending arm, MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary that will focus on expanding the company’s credit offerings.
NBFC Approval to Strengthen Lending Business
With the NBFC license, MobiKwik will be able to operate as a regulated lender, allowing it to design and distribute both secured and unsecured loan products. The company aims to cater to consumers as well as MSMEs, particularly in underserved and underpenetrated regions.
The new structure is expected to improve operational control, accelerate product launches, and enhance credit underwriting capabilities.
MFSPL will begin operations after receiving the Certificate of Registration (CoR) from the RBI, subject to certain conditions.
Focus on Financial Inclusion and Tier 2–3 Expansion
MobiKwik plans to leverage its existing base of over 186 million users, along with its technology infrastructure and AI-ML driven risk models, to deliver customised financial products.
The company’s strategy will continue to focus on Tier 2 and Tier 3 cities, where access to formal credit remains limited. By targeting these regions, MobiKwik aims to deepen financial inclusion while scaling its lending business nationwide.
Management Commentary
Upasana Taku, Executive Director, Co-founder and CFO of MobiKwik, stated that the NBFC approval represents a pivotal milestone in the company’s transition into a full-stack financial services platform.
She highlighted that the approval, received in under four months, reflects regulatory confidence in the company’s governance and operational framework. The company will continue focusing on responsible lending while expanding access to credit.