BSE has enabled MSBPL on its platform with effect from February 24, 2026. The approval follows the stock brokering registration granted to the company by the Securities and Exchange Board of India in July 2025. The company is now authorised to begin brokering operations on the exchange.
The approval allows MSBPL to undertake activities including buying, selling and dealing in equities, along with clearing and settlement of equity trades.
The development marks the completion of the key regulatory steps required for the subsidiary to operationalise its stock broking business.
Commenting on the development, Upasana Taku, Executive Director, Co-founder and CFO of Mobikwik, said the approval from BSE to commence the company’s stock broking operations on its platform marks 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,” she said.
Mobikwik Q3 snapshotMobikwik reported a net profit of Rs 4 crore, a reversal from a net loss of Rs 55.2 crore in the same period last year.
Revenue for the quarter rose 7.4% year-on-year to Rs 289 crore, compared with Rs 269.4 crore in the previous year.
Operating performance saw an improvement, with EBITDA coming in at Rs 6.8 crore, compared to an EBITDA loss of Rs 47.6 crore a year ago. EBITDA margin for the quarter stood at 2.4%.
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