OnEMI Technology profit jumps 75% as fintech lender eyes diversification
The parent of the Kissht platform reported a consolidated net profit of ₹2,814 million for FY26, as revenue climbed 63% to ₹21,792 million.
— 1 earlier story on OnEMI Technology Solutions Ltd. →What's new
- Net profit rose 75% to ₹2,814 million in FY26.
- Revenue grew 63% to ₹21,792 million, driven by the Si Creva Capital Services lending unit.
- The board approved a new subsidiary for non-lending services with ₹9 crore in capital.
Why this matters
The company is successfully scaling its core digital lending business while attempting to lower its reliance on credit-only revenue. Diversifying into non-lending services is a clear attempt to build a broader financial ecosystem. The next test is whether this new entity can generate meaningful returns relative to the core lending business.
What we're watching
- The specific non-lending services the new subsidiary will offer.
- Shareholder response to the proposed amendments to employee stock option schemes.
- Whether the new subsidiary can reduce the company's dependency on its credit-led model.
The full read
OnEMI Technology Solutions, the operator of the Kissht platform, posted a strong FY26 with consolidated net profit rising 75% to ₹2,814 million. Revenue climbed 63% to ₹21,792 million, a performance the company attributes to the rapid scaling of its primary lending subsidiary, Si Creva Capital Services.
Diversification is the priority.
The board approved the incorporation of a new wholly-owned subsidiary with ₹9 crore in initial capital to provide non-lending financial services, aiming to reduce the firm's reliance on pure credit-led models. Although this ₹9 crore investment is small compared to the company's ₹4,455 crore valuation, it signals a shift in strategy. The company also intends to amend and extend its employee stock option schemes, pending shareholder approval. The growth trajectory is clear, but the success of this diversification effort remains the next hurdle.
Questions answered
- What drove the company's financial growth in FY26?
- Growth was driven by the expansion of the company's digital lending base, primarily through its subsidiary, Si Creva Capital Services.
- How much capital is being allocated to the new subsidiary?
- The board approved an initial capital injection of ₹9 crore for the new wholly-owned subsidiary.
- What is the purpose of the new subsidiary?
- The entity is being incorporated to offer non-lending financial services, marking a shift toward diversifying the company's income streams.
- Are there any changes to employee compensation?
- The company plans to seek shareholder approval to amend and extend its existing employee stock option schemes across the group.
Story so far
All notes on KISSHT →- 27 May 2026 · 7:08 PM IST OnEMI Technology profit jumps 75% as fintech lender eyes diversification
- today OnEMI Technology Solutions posts 75% profit jump in debut annual report