The Shares jumped up to 5% in Thursday’s session upon receiving SEBI approval for its stock broking arm. Known for its digital payments, credit, and wealth products, the company is now making a strong push into capital markets.
With a market capitalization of Rs 1,941 crore on Thursday, shares of One Mobikwik Systems Ltd rose almost 5% to make an intraday high of Rs 250.60, up from the day’s low of Rs 239.15.
One MobiKwik Systems Ltd, in a press release dated July 3, 2025, announced that its wholly-owned subsidiary, Mobikwik Securities Broking Pvt. Ltd. (MSBPL), has received approval from the Securities and Exchange Board of India (SEBI) to operate as a Stock Broker and Clearing Member. The registration, granted on July 1, 2025, enables MSBPL to carry out activities such as equity trading, clearing, and settlement.
The company said this approval marks a key milestone in its evolution from a digital payments provider into a full-stack fintech platform, with growing traction across credit and wealth management verticals.
Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, shared his excitement about this development, “The stock broking license marks a significant milestone for us as we enter the Indian equity markets.
India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets.
With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.”
One MobiKwik Systems Ltd (MobiKwik) is India’s largest digital wallet with a 23% market share in PPI wallet GTV as of Nov 2024. Founded in 2009, it serves over 176.4 million users and 4.6 million merchants, offering payments via Wallet, UPI, Pocket UPI, and Zaakpay.
The company has expanded into credit (ZIP, ZIP EMI), savings (FDs, Mutual Funds, Digital Gold), and insurance. MobiKwik ranks #1 in wallets, #6 in bill payments, and #16 among UPI apps in India.
The company reported a revenue of Rs 1,170 crore in FY25, up by 33.7 percent from its FY24 revenue of Rs 875 crore. Coming to its profitability, the company reported a net loss of Rs 122 crore in FY25 from a Rs 14 crore profit in FY24.
Written By Rohan Pandey
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