OnMobile Global launched the ONMO+ Smart Console on Flipkart on June 26, 2026, at 12:00 PM IST, marking its entry into India's console gaming market. The product aims to make premium gaming experiences more accessible by combining a pro gaming controller with an instant-access card, enabling Console/PC gaming across devices such as Smart TVs, tablets, and phones without additional costly hardware. The console is available at a starting price of Rs. 4999 for a 3-month subscription.

The ONMO+ Smart Console is designed to provide a seamless gaming experience across multiple devices. Key features include a Pro Gaming Controller for precise controls, an Instant-Access Card for immediate content access, and Multi-Device Compatibility supporting Smart TV, tablet, and phone. The system leverages custom-built gaming GPU servers deployed across the northern and southern parts of the country, in partnership with AMD and AsRock Rack.

Product Details

François-Charles Sirois, Executive Chairman & CEO, OnMobile, stated that the launch removes barriers associated with traditional console gaming and expands the company's reach beyond B2B roots. Sujith Agashe, Vice President, Electronics, Flipkart, highlighted the partnership's role in offering console-quality gaming experiences on existing screens. The launch aligns with the rapid growth of India's gaming industry, which boasts over 500 million gamers across mobile, TV, and PC platforms.

OnMobile Global Limited has approved the issuance of secured, redeemable, unrated, and unlisted Non-Convertible Debentures (NCDs) aggregating up to ₹100 crore via private placement. The decision was taken by the Board of Directors at its meeting held on June 24, 2026. Additionally, the board approved the re-appointment of Radhika Venugopal as Whole-time Director and Chief Financial Officer (CFO) for a term of three years effective March 27, 2027, subject to shareholder approval.

Issuance of Debentures

The board authorized the issuance of NCDs to two investors on a private placement basis. The instruments are secured and have a tenor of 36 months. The total issue size is divided into two tranches: up to ₹75 crore for Investor 1 and up to ₹25 crore for Investor 2.

Coupon Rate and Security

Investor 1 will receive a coupon rate of 13.60% per annum, payable monthly, computed based on 365 days in a year. This tranche also includes an upfront interest payment of 1% of the investment amount prior to the disbursement of Tranche I. Investor 2 will receive a running coupon of 13.88% payable monthly, along with an upfront interest payment of 1.25% of the tranche drawdown amount.

The debentures are secured by charges over the company's assets. For Investor 1, the security comprises a first-ranking pari passu charge on existing and future fixed and current assets, cashflows, and other assets, with a security cover of 1.5x. For Investor 2, the security includes a second-ranking floating charge over present and future receivables and assets, a first-ranking pledge over 100% of the shares of OnMobile Singapore PTE. LTD, and a first-ranking charge over its receivables and collection accounts.

Re-appointment of Whole-time Director & CFO

Based on the recommendation of the Nomination and Compensation Committee, the board re-appointed Radhika Venugopal (DIN: 10548693) as Whole-time Director and CFO. Her appointment is effective from March 27, 2027, to March 26, 2030, contingent upon shareholder approval at the ensuing Annual General Meeting. Radhika is a qualified Chartered Accountant with nearly twenty years of experience and has been associated with OnMobile Global Limited for over a decade.