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Mobikwik enters stock broking biz with new subsidiary

EntrackrEntrackr · 6m ago
Mobikwik enters stock broking biz with new subsidiary
Medial

Mobikwik enters stock broking biz with new subsidiary Fintech firm Mobikwik is entering the securities broking space with the launch of its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). The company has received approval from the Ministry of Corporate Affairs, as disclosed in a recent filing with the National Stock Exchange (NSE). With this move, Mobikwik aims to broaden its financial services portfolio by offering stock and commodity brokerage services. According to the disclosure, MSBPL will engage in trading shares, stocks, securities, debt instruments, commodities, currencies, and derivatives. The subsidiary also plans to acquire memberships with stock and commodity exchanges both in India and internationally. Mobikwik Securities Broking Private Limited has been set up with an initial capital of Rs 1 lakh, while the parent company plans to infuse an additional Rs 2 crore in one or more tranches. With this move, the company will enter the crowded stock broking space, which is currently dominated by players like Zerodha, Groww, and AngelOne. At present, Groww leads the pack with the highest number of active users, followed by Zerodha, AngelOne, Upstox, and ICICI Direct. MobiKwik’s registered user base has grown to 172 million, along with a merchant network of 5 million, the company said in the last quarter. The company’s payment GMV doubled year-on-year to Rs 29,400 crore. In the third quarter of the current fiscal year, MobiKwik reported revenue of Rs 269 crore, while its losses stood at Rs 55.2 crore during the same period. MobiKwik’s shares are currently trading at Rs 308 apiece, with a total market capitalization of Rs 2,393 crore (approximately $278 million). The company also hit its 52-week low of Rs 231 on March 17.

Zerodha brokerage revenue drops 40% in Q1 FY26

EntrackrEntrackr · 5d ago
Zerodha brokerage revenue drops 40% in Q1 FY26
Medial

Zerodha brokerage revenue drops 40% in Q1 FY26 India’s largest stockbroker, Zerodha, is facing its first real earnings test after a record FY24. Founder Nithin Kamath revealed that brokerage revenues in June 2025 were down nearly 40% year-on-year, as regulatory changes and declining market activity weighed on the firm’s core business. The drop comes after FY24, when Zerodha posted Rs 8,370 crore in revenue with over Rs 4,700 crore in profit, translating into margins of 55%. The prior fiscal, FY23, had seen revenue of Rs 6,875 crore and profit of Rs 2,907 crore, highlighting the explosive growth trajectory the company had enjoyed in the past three years. Kamath said the June decline reflects the crystallization of risks he had long flagged, which are higher STT on options, a reduction in weekly expiries, the removal of exchange transaction charge rebates, and the increase in BSDA limits. Together with a slowdown in retail trading activity, these changes are hitting earnings hard. FY24’s performance, in contrast, benefited from soaring retail options volumes and operating efficiency. The company’s net worth stood at over Rs 13,000 crore with zero debt, and more than half of client funds were matched by net worth. Zerodha is simultaneously expanding its non-broking operations. Its Margin Trading Facility (MTF) now has a Rs 5,000 crore book with 5% market share, and customer assets on the platform account for 10% of India’s retail and HNI AUM. Meanwhile, in the Indian stock market’s active user base, Groww continues to lead the stock broking space with 12.07 million active clients, whereas Zerodha retained its second position in August with 7.26 million clients and a 15.8% market share.

Gold loan risks: RBI exposes irregularities, borrowers beware

Money ControlMoney Control · 12m ago
Gold loan risks: RBI exposes irregularities, borrowers beware
Medial

- The Reserve Bank of India (RBI) has identified irregularities in granting gold loans, including lack of transparency during auction on default and inadequate due diligence. - The gold loan segment has experienced significant growth, with public sector banks accounting for a majority of the loans in recent years. - Borrowers should conduct research and verification, understand loan terms, and be aware of red flags when availing gold loans. - Essential precautions to take include studying loan offers, comparing interest rates and charges, and being cautious of unsolicited offers with hidden terms. - Lenders have been given three months to review their policies and practices related to gold loans and take corrective measures. Non-compliance may result in supervisory action from the RBI.

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