MobiKwik has officially entered the Indian stock broking sector, with its subsidiary receiving final approval from the Bombay Stock Exchange to begin operations effective February 24, 2026. This follows the company's SEBI registration secured in July 2025, granting it the authority to execute and clear equity trades. The timing of this launch coincides with a significant shift in the Indian market landscape. As of February 24, 2026, domestic indices are navigating a period of global volatility. The GIFT Nifty recently indicated a lower opening of approximately 115 points, following a session where the Sensex closed at 83,294 and the Nifty 50 finished at 25,713. Despite daily fluctuations, the broader market remains supported by robust domestic participation. Retail engagement in India has reached historic highs, providing a stable foundation for new digital entrants. During the 2025 fiscal year, the market saw a record 41.1 million new demat accounts, averaging 3.42 million additions every month. This massive influx of new investors is reflected in mutual fund activity, where monthly SIP inflows have consistently crossed the 31,000 crore INR mark. MobiKwik enters this competitive field from a position of renewed financial strength. In its most recent Q3 FY26 earnings, the company reported a net profit of 4 crore INR, a sharp turnaround from the 55 crore INR loss recorded in the same period the previous year. Quarterly revenue rose 7.4% to reach 289 crore INR, driven by its payment gateway and digital wallet services. The firm’s expansion into stock broking is a strategic move to leverage its existing user base and transition into a full-scale financial services platform. The Indian security brokerage market is currently valued at approximately 2.2 billion USD and is projected to grow at a steady rate through 2034. Mobile-first, online platforms now account for over 32% of this market, benefiting from the rising demand for low-cost, accessible trading tools. By enabling the buying, selling, and settlement of equity trades, the platform aims to capture a share of the growing middle-class investor base. The strategy focuses on simplifying the investment process for "Bharat"—the demographic of new retail participants from smaller cities who are increasingly moving away from traditional savings toward equity-linked assets.