One MobiKwik Systems Limited has announced significant leadership changes with the appointment of Mr. Navdeep Singh Suri as Chairperson of its Board, effective December 17, 2025. The appointment reflects the company's commitment to stronger governance and long-term institutional maturity as India's largest digital wallet continues its growth trajectory.

Leadership Transition Details

Mr. Suri, who has been associated with MobiKwik since 2021 as an Independent Director, succeeds Ms. Upasana Taku, Executive Director, CFO and Co-Founder of the company. This transition aligns with best practices of corporate governance, ensuring that the Chairperson's role remains distinct from executive management for maintaining independent oversight and effective decision-making.

Distinguished Career Background

Mr. Suri brings decades of distinguished leadership experience across public policy, diplomacy, governance, and institutional decision-making. A former senior Indian diplomat, he joined the Indian Foreign Service in 1983 and has served in key international assignments including Cairo, Damascus, Washington DC, Dar es Salaam, London, and Johannesburg.

He has held high-profile roles as India's Ambassador to Egypt and the United Arab Emirates, High Commissioner to Australia, and Consul General in Johannesburg. In recognition of his contributions, he was conferred the Order of Zayed II - the United Arab Emirates' second-highest civilian honour - by the President of the UAE.

Current Professional Engagements

Mr. Suri has also led the West Africa and Public Diplomacy divisions at the Ministry of External Affairs and is currently a Visiting Fellow at the Observer Research Foundation, New Delhi. He also serves on the boards of several prominent institutions, including SBI Funds International (IFSC) Limited, Hindustan Ports Private Limited, and Hindustan Infralog Private Limited.

Management Commentary

Commenting on the appointment, Mr. Bipin Preet Singh, MD, CEO and Co-Founder of MobiKwik, said, "We welcome Mr. Navdeep Singh Suri as Chairperson of the Board. His long association with MobiKwik and experience as an Independent Director will support the Board's role in effective oversight and governance."

Company's Market Position

MobiKwik is India's largest digital wallet with a 19.00% market share of the PPI wallet gross transaction value (GTV) as of September 2025. The company, founded by Bipin Preet Singh and Upasana Taku in 2009, serves 183.50 million registered users and 4.71 million merchants through various payment products including MobiKwik Wallet, UPI, PocketUPI, and Zaakpay payment gateway.

This leadership transition reinforces MobiKwik's commitment towards robust governance, long-term value creation, and building a resilient institution as it continues its journey of scale, innovation, and trust in India's digital payments ecosystem.

One MobiKwik Systems Limited has announced its Q2 FY26 financial results alongside scheduled investor meetings for December 18-19, 2025, in Mumbai. The fintech company reported stable revenue performance with significant operational improvements across key business metrics.

Financial Performance Overview

The company delivered steady financial performance in Q2 FY26 with notable improvements in profitability metrics:

Payments Business Shows Strong Momentum

The payments segment demonstrated robust growth with record-high GMV performance. Payment GMV reached ₹432.17 billion, marking a 53% year-over-year increase and 13% quarter-over-quarter growth.

UPI Growth Drives Digital Transformation

One MobiKwik Systems emerged among the top 3 fastest-growing UPI apps in India's ecosystem. Customer-initiated UPI transactions grew 38% quarter-over-quarter to 138.26 million, while UPI GMV increased 28% QoQ. The company's UPI share in overall payments business expanded from 30% to 40%.

Financial Services Recovery

The financial services segment showed signs of recovery with improved margins. Digital credit GMV reached ₹8,071 million with ZIP EMI disbursals growing 19.4% year-over-year. The segment's gross margin improved significantly to 41.8% in Q2 FY26 from 13.3% in Q1 FY26.

Investor Engagement Schedule

The company has scheduled comprehensive investor meetings in Mumbai across two days:

The meetings will include one-to-one and group discussions, with company officials ensuring all discussions remain within publicly available information guidelines as per SEBI regulations.