MobiKwik Enters Indian Equity Markets After Securing SEBI Stockbroker License
MobiKwik, a prominent Indian fintech company known for its mobile payment platform, has secured a significant milestone. The company's subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), has received approval from the Securities and Exchange Board of India (SEBI) to act as a stockbroker. This move allows MobiKwik to enter the Indian stock market, marking a strategic shift for the company.
Founded in 2009 by Bipin Preet Singh, who continues to serve as the CEO, MobiKwik operates a consumer payments business with over 176.4 million users and 4.6 million merchants. The company's credit distribution business is thriving, and its wealth distribution vertical is gaining momentum with a diverse product portfolio.
The regulatory certificate, issued on July 01, 2025, enables MSBPL to engage in buying, selling, dealing, clearing, and settlement of stock market trades. Bipin Preet Singh, the co-founder, MD, and CEO of MobiKwik, expressed that this license signifies a significant step for the company as it ventures into the Indian stock market. The new license strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and expand its offerings across the capital markets ecosystem.
MobiKwik, with its stockbroking license, is now poised to diversify its services and tap into the Indian stock market. This strategic move is expected to boost the company's growth and expand its reach within the capital markets ecosystem.
