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MobiKwik Infuses ₹61 Cr In Lending Arm, Appoints Ex-Bajaj Markets’ Manish Pathania As Its CBO

Months after receiving a regulatory nod for its NBFC licence, MobiKwik has now completed the transfer of its digital lending…

₹61 CR New CBO and Lending Arm

Startups1 min read

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Executive Summary

One MobiKwik Systems Limited has completed the formal transfer of its digital lending business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL).

To capitalize the dedicated lending entity, the parent company infused ₹60.85 crore (approximately ₹61 crore) in fresh equity and appointed former Bajaj Markets executive Manish Pathania as the Chief Business Officer (CBO) to spearhead digital credit operations.

Corporate Restructuring & RBI Compliance

The transition ring-fences digital credit distribution within a standalone, capitalized legal structure:

  • Regulatory Ring-Fencing: Formally separating credit distribution from core payment rails ensures full alignment with the Reserve Bank of India’s (RBI) Digital Lending Directions and NBFC operating frameworks.
  • Capital Base Expansion: The ₹60.85 crore equity infusion strengthens MDSPL’s net worth, providing the capital reserves required to expand institutional debt partnerships and scale loan origination.


Leadership Appointment & Growth Roadmap

  • Executive Background: Manish Pathania brings nearly two decades of financial services and consumer credit experience, having previously served as the Business Head for Unsecured Loans at Bajaj Markets (part of the Bajaj Finserv ecosystem).
  • Disbursement Velocity: Under the restructured framework, MDSPL has set an operational target to achieve over ₹1,000 crore in quarterly loan disbursements across consumer credit and merchant finance portfolios.

Why it matters

Industry & Market Outlook

In digital financial services, high-frequency payments drive customer acquisition, but structured credit distribution provides the primary engine for operating profitability.

Ring-fencing digital lending assets into a capitalized subsidiary with experienced underwriting leadership allows fintech platforms to build compliant, scalable balance sheets ahead of public market listings.


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Finsamudra Desk18 Aug 2026, 7:13 pm IST
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