MobiKwik Secures SEBI License, Enters Indian Equity Markets
MobiKwik, a leading Indian consumer payments company, has secured a significant milestone. The company, under the leadership of CEO Upasana Taku, has received regulatory approval for its subsidiary Mobikwik Securities Broking Private Limited (MSBPL) to act as a stockbroker. This move comes as MobiKwik's credit distribution business thrives and its wealth distribution vertical gains momentum.
On July 01, 2025, the Securities and Exchange Board of India (SEBI) issued a certificate of registration to MSBPL. This license enables the subsidiary to engage in buying, selling, dealing, clearing, and settlement of equity trades. The strategic move positions MobiKwik to accelerate growth in its wealth distribution vertical and expand its offerings across the capital markets ecosystem.
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, expressed his enthusiasm about the development. He stated that the stockbroking license marks a significant milestone for the company as it enters the Indian stock market. MobiKwik, the parent company, operates a consumer payments business with over 176.4 million users and 4.6 million merchants, indicating a strong foundation for its expansion.
With the SEBI license, MobiKwik is poised to diversify its offerings and tap into the vast potential of the Indian stock market. The company's expanding credit distribution business and robust wealth distribution vertical, coupled with its extensive user base, bode well for its future growth and success.
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