For newly-listed MobiKwik, even as financials remain a focal point, priority remains consistent and meaningful growth, according to Chief Executive Officer and Managing Director Bipin Preet Singh.
"Numbers are less important. What matters is that we continue growing significantly. Growth is not going to be a challenge for us," he told NDTV Profit.
Riding the fintech wave, digital payments company One MobiKwik Systems Ltd. made a stellar debut on the stock market on Wednesday, listing at a 59% premium on the BSE.
Singh emphasised on the company's ability to navigate tough market conditions and intense competition with limited capital. "Over the last three years, we tripled our revenue from Rs 300 crore to Rs 890 crore, and more importantly, became profitable," he said.
Despite limited capital availability in recent years, MobiKwik added 100–150 lakh users annually, expanding its footprint in the burgeoning digital payments landscape, according to the CEO. The company now has innovative offerings like Pocket UPI and Lens, which are market-first products, and are aggressively expanding its presence across segments.
Payments remain the cornerstone of MobiKwik's success, contributing 50% of the company's revenue in the first quarter of this fiscal, as per Singh. The company's payment solutions have gained traction among both users and merchants, driving adoption and revenue growth.
The second pillar of MobiKwik's business is financial product distribution, with Singh highlighting its growing presence in areas like loan distribution.
Singh is bullish on the future of fintech in India. "Fintech in India is here to stay," he stated.
Looking ahead, MobiKwik's focus remains on building a business that can thrive for the next five, 10 or even 20 years, said Singh.
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