One MobiKwik Systems' subsidiary MSBPL gets BSE nod to launch stock broking business

Fintech firm One MobiKwik Systems Ltd, on Monday (February 23), announced that its wholly-owned subsidiary Mobikwik Securities Broking Private Ltd (MSBPL) has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business. The BSE has enabled MSBPL on its platform with effect from February 24, 2026.

The approval follows the grant of stock broking registration to MSBPL by the Securities & Exchange Board of India (SEBI) in July 2025. With this regulatory clearance, MSBPL is now authorised to carry out broking operations on the BSE, including buying, selling, dealing, clearing, and settlement of equity trades.

This development completes the key regulatory steps required for MSBPL to operationalise its stock broking business, allowing the subsidiary to begin full-scale operations on the BSE platform.

Upasana Taku, Executive Director, co-founder and CFO, MobiKwik, said, "The approval by BSE to commence our stock broking business in its platform is a is a pivotal step in MobiKwik’s evolution into a scaled financial services platform.

India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion."

Shares of One MobiKwik Systems Ltd ended at ₹201.05, down by ₹8.40, or 4.01%, on the BSE.