One Mobikwik Systems has received approval from Ministry of Corporate Affairs, Central Processing Centre for incorporation of wholly owned subsidiary of the Company namely ‘Mobikwik Securities Broking’ (MSBPL) on March 03, 2025.
The main objects of the MSBPL are to carry on the business of dealing in shares, stocks, securities, debt instruments, commodities, currencies and their derivatives and to act as stock and commodity broker by acquiring membership of various stock and commodity exchange(s) in India or elsewhere.
One Mobikwik Systems is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants.