MobiKwik’s arm gets BSE approval to commence Stock Broking business
BSE has enabled MSBPL on its platform with effect from February 24, 2026
One MobiKwik Systems’ wholly-owned subsidiary -- Mobikwik Securities Broking (MSBPL) has received approval from the Bombay Stock Exchange (BSE) to commence its Stock Broking business. BSE has enabled MSBPL on its platform with effect from February 24, 2026. The BSE nod follows the grant of stock broking registration to MSBPL by the Securities & Exchange Board of India in July 2025.
With the latest approval in place, the company is now authorized to begin broking operations on the BSE. This enables MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. The development marks the completion of the key regulatory steps required for the subsidiary to operationalize its stock broking business.
One Mobikwik Systems (MobiKwik) is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants.
