Highlights
OnEMi Technologies: Strong Growth in Digital Lending
OnEMi Technologies Pvt Ltd, the parent company of the digital lending platforms Kissht and RING, has demonstrated impressive business progress in the first quarter of FY27. The company’s assets under management (AUM) have surpassed the Rs 8,000 crore threshold, and loan disbursements show healthy year-on-year growth, as per the company’s provisional business announcement on the NSE.
Growth in Assets Under Management
As of June 30, 2026, the Mumbai-based firm reported its AUM grew by 61%, reaching approximately Rs 8,001 crore, an increase from Rs 4,972 crore the previous year. Quarter-on-quarter, AUM rose by 13.2% during the June quarter.
Loan Disbursement Achievements
Kissht disbursed loans amounting to nearly Rs 3,812 crore during Q1 FY27, marking a rise from Rs 2,780 crore in the same quarter of the prior year. This represents a significant growth of 37.1% year-on-year.
Expansion of Customer Base
The company has also made strides in expanding its customer base. The number of registered users has increased by 33% year-on-year to reach 74.6 million. Additionally, cumulative customers served rose by 26.4% to 12.25 million, with the company adding around 0.5 million customers in the quarter.
Diversification of Loan Portfolio
Kissht is diversifying its loan portfolio as well. Its Loan Against Property (LAP) offerings represented 7.7% of the overall AUM at the close of June 2026, a notable increase from 2.5% a year prior and 7.3% at the end of March 2026. The company indicated that these disclosed figures are provisional and subject to review by its statutory auditors.
Financial Performance Overview
In the fourth quarter, OnEMi Technologies reported a 68% year-on-year increase in operating revenue, reaching Rs 619 crore, while profit climbed 52% to Rs 82 crore during the quarter.
For the complete fiscal year FY26, operating revenue surged by 63%, amounting to Rs 2,179 crore compared to Rs 1,337 crore in FY25, with profits rising nearly 75% to Rs 281 crore.
The company’s enhanced financial performance has positively impacted its share price. Since its IPO debut, shares of Kissht have risen by 81.3% from the initial price of Rs 171, closing at Rs 310 on July 3, which has resulted in a market capitalisation of Rs 5,223 crore.
