MobiKwik enters stock broking business with new subsidiary launch

Fintech company MobiKwik has formed a new subsidiary, Mobikwik Securities Broking Private Ltd., after receiving approval from the Ministry of Corporate Affairs, Central Processing Centre, on March 3, 2025.

The move marks the fintech company's entry into the securities broking market and expands its offerings beyond its core focus on digital payments and financial services.

Regulatory approval and shareholding

One MobiKwik Systems Ltd announced the incorporation of the new subsidiary on Wednesday, saying it will hold a 100% stake in Mobikwik Securities Broking Private Ltd.

The company said in its filing that the subsidiary will deal in shares, stocks, securities, debt instruments, commodities, currencies and their derivatives. It also plans to acquire memberships in stock and commodity exchanges in India and potentially other markets.

Planned capital infusion

MobiKwik disclosed that the new subsidiary's initial paid-up share capital is Rs 1 lakh, and plans to inject an additional Rs 2 crore in one or more tranches.

The new subsidiary highlights the Gurugram-based firm's ambition to widen its reach in the financial services space. It aims to become competitive on both the Indian and global stage.

The development comes a month after MobiKwik acquired a 3.39% stake in Blostem Fintech, a B2B banking infrastructure platform focused on fixed deposit aggregation. Registered in Delhi, it partners with multiple banks and NBFCs, integrating financial products through its API-based solutions.