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MobiKwik Establishes MSBPL as a Wholly Owned Subsidiary for Stock Broking.

Banking & Finance | Dated: 31 Mar 2025

In March 2025, Gurugram (Haryana)-based One MobiKwik Systems Limited (MobiKwik), a leading fintech company, expanded its financial services portfolio by incorporating a wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs (MOCA).

🎯 Key Highlights:

  • - MobiKwik has set an initial paid-up share capital of Rs. 1 lakh for MSBPL and plans to invest an additional Rs. 2 crore in phases. With 100% ownership, MobiKwik will have complete operational control.

💡 Other Important Facts:

  • (i) MSBPL will function as a securities broking firm, focusing on trading in shares, stocks, securities, debt instruments, commodities, currencies, and derivatives.
  • (ii) This strategic expansion aims to enter the stock broking and derivatives trading business, positioning MobiKwik alongside established players in the sector.

📚 Test Your Knowledge:

Recently, which fintech company launched MSBPL as its wholly owned unit for stock broking?

Correct Answer: MobiKwik

🚀 Quick Recap: