One Mobikwik Systems Limited has informed the Exchange regarding a press release dated July 03, 2025, titled "MobiKwik Subsidiary Gets SEBI Nod to Act as a Stock Broker".
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MobiKwik's wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), has received a SEBI certificate of registration dated July 01, 2025, allowing it to act as a Stock Broker and Clearing Member. This enables MSBPL to buy, sell, deal in, and settle equity trades on behalf of customers. The license supports MobiKwik's wealth distribution vertical, which already offers FDs, mutual funds, SIPs, digital gold, and Lens.AI. This is the second regulatory approval for the group this quarter, after subsidiary Zaakpay received RBI authorisation as an Online Payment Aggregator in April 2025. MobiKwik currently serves over 176.4 million users and 4.6 million merchants.
This is a positive strategic development that expands MobiKwik's revenue potential into capital markets and broking services, reinforcing its evolution from a payments company into a full-stack fintech platform. Investors may view this as a growth catalyst, though near-term financial impact will depend on user adoption of the new broking service.