Fintech company MobiKwik has officially expanded its business into the stock broking sector by launching a new subsidiary named Mobikwik Securities Broking Private Ltd. The company received formal approval from the Ministry of Corporate Affairs, Central Processing Centre, on March 3, 2025. This move marks MobiKwik’s entry into the securities broking industry and reflects its broader goal of diversifying its financial services beyond its core focus on digital payments.
MobiKwik has been a key player in the Indian fintech space, known for offering digital wallets, credit solutions, and various financial services. With this new development, it aims to strengthen its presence in the growing stock and securities market while staying competitive with other financial platforms.
100% Shareholding and Regulatory Approval
One MobiKwik Systems Ltd, the parent company of MobiKwik, announced that it will fully own the newly formed subsidiary. According to MobiKwik’s filing, Mobikwik Securities Broking Private Ltd. will engage in trading and dealing with shares, stocks, commodities, debt instruments, currencies, and their derivatives. This means that MobiKwik’s users will eventually be able to access stock trading and investment options directly through the company’s platform.
The company has also revealed plans to acquire memberships in stock and commodity exchanges not only in India but potentially in other global markets as well. This is expected to enhance MobiKwik’s service offerings and position it as a more diversified fintech brand.
Capital Infusion to Boost New Operations
To support the new subsidiary, MobiKwik has disclosed that the initial paid-up share capital is Rs 1 lakh. The company also plans to invest an additional Rs 2 crore in multiple phases to fund the operations and expansion of Mobikwik Securities Broking Private Ltd. This capital infusion will help the subsidiary establish its presence in the competitive stock broking space and provide users with advanced financial products and services.
The launch of this subsidiary underlines MobiKwik’s intention to broaden its footprint in the financial services sector, aiming to compete on both national and international fronts. The company’s expansion into securities broking aligns with its long-term strategy of becoming a one-stop financial solutions provider.
MobiKwik’s foray into stock broking comes shortly after another strategic investment. In February 2025, MobiKwik acquired a 3.39% stake in Blostem Fintech, a B2B banking infrastructure platform that focuses on fixed deposit aggregation. Based in Delhi, Blostem Fintech collaborates with several banks and NBFCs (Non-Banking Financial Companies) to integrate financial products through API-based technology. This investment highlights MobiKwik’s growing interest in expanding its partnerships and enhancing its fintech offerings.
Expanding Beyond Digital Payments
MobiKwik’s latest move is part of a broader trend where fintech companies are diversifying their portfolios by entering related financial sectors. By venturing into stock broking, MobiKwik aims to offer more comprehensive financial services to its users. The company hopes to attract individuals looking to invest in shares, stocks, and other securities while providing seamless access to digital payments and credit solutions.
With this expansion, MobiKwik is positioning itself as a fintech leader that caters to both retail and institutional customers. Its growing product range, strategic investments, and plans for international expansion could further boost its competitiveness in the ever-evolving financial technology landscape.
As the demand for online trading and investment services continues to rise in India, MobiKwik’s entry into the securities broking market may give it an edge in capturing a larger market share. This development signals the company’s commitment to innovation, customer-centric services, and long-term growth.
