MobiKwik approved by Sebi for stockbroking services

MobiKwik Securities Broking Pvt Ltd (MSBPL), a wholly-owned subsidiary of One MobiKwik Systems Ltd, has been granted approval by the Securities and Exchange Board of India (Sebi) to function as a stockbroker and clearing member. The regulatory body, Sebi, issued the registration certificate to MSBPL on July 1, 2025, marking a significant milestone for the company.

This development allows MSBPL to engage in various activities within the Indian stock market, such as buying, selling, dealing, clearing, and settling equity trades. The approval opens up new avenues for growth and expansion within the wealth distribution vertical for MobiKwik, positioning the company strategically to enhance its offerings within the capital markets ecosystem. This achievement reinforces MobiKwik’s evolution into a comprehensive fintech platform, catering to a broader spectrum of financial services.

In a statement, the company highlighted the importance of this license in driving its growth trajectory and expanding its reach in the financial services sector. The approval granted by Sebi not only validates MobiKwik’s capabilities as a player in the stockbroking industry but also paves the way for further innovation and development in the field of wealth management and investment services.

This recent approval comes on the heels of another significant milestone for MobiKwik, with its subsidiary Zaak ePayment Services Pvt Ltd (Zaakpay) receiving authorization from the Reserve Bank of India to operate as an online payment aggregator back in April. These regulatory approvals are a testament to MobiKwik’s commitment to compliance, transparency, and regulatory standards in its operations.

MobiKwik’s foray into the stockbroking and clearing business marks a strategic move towards diversification and consolidation of its position in the financial services market. By expanding its footprint in the wealth distribution vertical, MobiKwik aims to cater to the evolving needs of investors and traders in the Indian market, offering them access to a comprehensive suite of investment products and services.

The company’s transformation into a comprehensive fintech platform is underscored by its efforts to integrate various financial services under one umbrella, providing customers with a seamless and convenient experience across different financial products. With the regulatory green light from Sebi, MobiKwik is poised to make further inroads into the capital markets space, offering innovative solutions and value-added services to its growing customer base.

Overall, the approval granted to MSBPL by Sebi represents a significant milestone for MobiKwik, signaling its entry into the stockbroking and clearing segment and setting the stage for enhanced growth and expansion in the financial services sector. This development reaffirms MobiKwik’s commitment to innovation, compliance, and customer-centricity, positioning the company as a key player in the evolving landscape of fintech and wealth management in India.