MobiKwik infuses Rs 60.85 crore into subsidiary as it shifts lending business
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
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MobiKwik has infused Rs 60.85 crore into its wholly owned subsidiary, MobiKwik Distribution Services Pvt Ltd (MDSPL), as it moves its entire digital lending business and related workforce to the entity.
The restructuring follows shareholder approval received in July 2026 and comes after the Reserve Bank of India approved the group’s NBFC application earlier this year, subject to the migration of its lending service provider (LSP) business to a separate wholly owned entity.
As part of the transition, MobiKwik has appointed Manish Pathania, a former Bajaj Markets executive, as Chief Business Officer of MDSPL. Pathania will lead the lending vertical, overseeing loan origination, underwriting, credit risk management, servicing and collections.
Pathania brings nearly two decades of experience in digital lending and financial services. Before joining MobiKwik, he held roles at Bajaj Markets, GE Money and HDB Financial Services.
The creation of a dedicated lending subsidiary gives MobiKwik a focused structure for scaling its financial services business, as it looks to deepen credit penetration among its existing customer base while maintaining a focus on risk and portfolio quality.
The company’s lending business has been gaining momentum. Financial services gross profit rose 459% year-on-year in the first quarter of FY27, while 32% of loan disbursals during the quarter came through the distribution model. The remaining 68% were generated through the FLDG (First Loss Default Guarantee) model.
MobiKwik expects quarterly lending disbursals to cross Rs 1,000 crore in the coming quarters, driven by artificial intelligence-led growth initiatives and the addition of new lending partners.
The company plans to continue working with banks and NBFCs while expanding its credit offerings across both consumer and merchant segments.