MobiKwik Transfers Lending Business to Subsidiary; Appoints New CBO

One MobiKwik Systems Ltd. has completed the transfer of its entire digital lending business, including associated employees, to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL). This move is in line with RBI's requirements for its NBFC application. MobiKwik has infused ₹60.85 crore into MDSPL. Manish Pathania, formerly of Bajaj Markets, has been appointed as the Chief Business Officer of MDSPL to lead the digital lending vertical. The company aims to achieve over ₹1,000 crore in quarterly disbursals, leveraging AI-driven growth and new partnerships. MobiKwik's financial services gross profit surged 459% year-on-year in Q1 FY27, driven by improved credit quality and recovery efforts.