MobiKwik, an IPO-bound fintech platform, has reached a milestone by turning profitable for the first time in its 15-year history. The company announced a Profit After Tax (PAT) of Rs 14.08 crore for FY24, alongside a 58.67 per cent surge in total income, which stood at Rs 890.32 crore.
The Co-founder Upasana Taku shares her excitement following the announcement stating, “We’ve hit a major milestone with a Profit After Tax of Rs 14.08 crore and a total income of Rs 890.32 crore. That’s a massive 58.67 per cent jump in total income from last year.”
Reflecting on the long journey, Taku in her LinkedIn post writes, "It took 15 years of relentless hard work to see the stats we see today. Fifteen years of tirelessly building and innovating for Bharat, making significant advancements in our products, and expanding our reach into every corner of the country."
Also Read: IPO-bound MobiKwik Registers Rs 14 Cr Profit, Revenue Climbs 62% In FY24
Today, MobiKwik boasts over 150 million users and Taku acknowledges their role in the company’s growth stating, "More than 150 million users trust us and we have touched countless lives by empowering them financially with our services. I am grateful to them, as they play a crucial role in making our milestone a reality."
Despite achieving profitability, Taku emphasises that this is just the beginning for the company. "It is still Day One for us—just the beginning. We’ve stepped into the new financial year with a determination to keep this momentum going," she said.
Also read: “It Is Still Day One," Bipin Preet Singh As MobiKwik Completes 15 Years
Looking ahead, Taku reiterates the company’s core mission, "We are clear, we will continue to upscale and innovate our products, empower more lives, and stay true to our strengthened belief in our mission—financial inclusion."
As MobiKwik enters FY25, the company is poised for more growth. She concludes, “Here is to an even better FY25 and many more milestones ahead.”
