Mobikwik Enters Stock Broking: Fintech firm Mobikwik has prepared to enter stock broking and derivative trading. For this, Mobikwik has formed a subsidiary Mobikwik Securities Broking Private Limited (MSBPL). This new venture was already approved by the Ministry of Corporate Affairs, Central Processing Center.
MobiKwik is going to enter the stock broking and derivatives trading business; for this, the company has formed its wholly-owned subsidiary MSBPL, which was approved on 3 March 2025.
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Mobikwik Enters Stock Broking: What is the Purpose?
MSBPL intends to engage in the business of dealing in shares, stocks, securities, debt facilities, commodities, currencies and their derivatives. The company also intends to act as a stock and commodity broker by taking subscriptions in various stock and commodity exchanges in India and abroad.
Acting as a Broker: The Company also intends to act as a stock and commodity broker by taking subscriptions in various stock and commodity exchanges in India and abroad. Subsidiary: MSBPL is a wholly owned subsidiary of Mobikwik.
What is Mobikwik Said On Mobikwik Enters Stock Broking
MobiKwik said in its exchange filing that the initial paid-up share capital of MSBPL is Rs 1 lakh. The company plans to infuse an additional Rs 2 crore in one or more tranches to support the venture.
Mobikwik Enters Stock Broking: Mobikwik Share Performance
On Wednesday, shares of Mobikwik’s parent company, One Mobikwik Systems, remained under selling pressure and fell more than 4 percent to Rs 302.40 on NSE. Let us tell you that Mobikwik entered the stock market on 18 December 2024. The IPO of this company also received a strong response. Shares of fintech firm One MobiKwik Systems Ltd are listed on the NSE at Rs 440 per share. This was a premium of 60 per cent over the issue price of Rs 279.
CBDC E-Rupee has also Been Launched
Recently Mobikwik has introduced the full version of India’s Central Bank Digital Currency (CBDC) e-Rupee in partnership with Reserve Bank of India (RBI) and Yes Bank. Mobikwik is the first digital wallet to come up with the full scale of e-Rupee wallet.
The new CBDC product is available to all its Android users. Let us tell you that the e-rupee wallet allows users to send and receive money through UPI to other e-rupee wallets as well as regular bank accounts.
MobiKwik is set to enter the stock broking and derivatives trading business through its newly incorporated subsidiary, MobiKwik Securities Broking Pvt Ltd (MSBPL), the company said in a regulatory filing.
— Stock aaj or kal (@stockaajorkal) March 26, 2025
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Mobikwik Financial Performance
In Q2 FY25, MobiKwik had posted a smaller loss of Rs 3.59 crore when total income grew 42% to Rs 293.66 crore.
Company Strengths:-
- Powering growth through the company’s legacy of delivering a positive and sustainable consumer experience.
- Efficient operational management of loan products distributed by the company Growing. •Brand trust.
- Technology and product first approach to business.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗