Digital lending platform Kissht has taken a major step towards becoming a complete financial services company. Its parent company, OnEMI Technology Solutions, has received approval to enter the mutual fund distribution business. This move is part of the company’s long-term plan to expand beyond lending and offer more financial products to customers across India.
The new business will be managed by Invincible Minds Private Limited, a wholly-owned subsidiary of OnEMI. With the required registration now in place, Kissht is preparing to add mutual fund investment services to its existing lending platform, helping it grow into a one-stop financial services provider.
Kissht Gets AMFI Registration to Sell Mutual Funds
OnEMI Technology Solutions has received an Association of Mutual Funds in India (AMFI) Registration Number (ARN) for its subsidiary, Invincible Minds Private Limited. The registration was received through email on July 14, 2026, and is valid from July 13, 2026, to July 12, 2029.
Invincible Minds was set up on June 17, 2026, with a paid-up capital of ₹9 crore. The ARN allows the company to distribute mutual fund products after it completes the empanelment process with different Asset Management Companies (AMCs).
However, the company can only distribute mutual fund schemes. It is not allowed to launch, sponsor or manage its own mutual funds.
This move matches OnEMI’s plan to grow from a digital lending company into a platform that offers different financial services in one place. Along with loans, the company now wants to provide investment products and earn fee-based income.
Kissht already has around 74.6 million registered users and more than 12.25 million customers. This large customer base gives the company a good opportunity to offer mutual fund products through its existing platform.
The company has not yet announced when these services will start or which Asset Management Companies it will work with.
Strong Financial Growth Gives Support to Expansion Plans
The new business comes at a time when Kissht is showing strong growth in its financial performance.
According to its provisional business update for the quarter ended June 30, 2026, the company’s Assets Under Management (AUM) increased 60.9% year-on-year to ₹8,001 crore. Loan disbursals during the first quarter of FY27 also grew by 37% to ₹3,812 crore.
The company is also increasing its focus on secured loans to reduce risk. Its Loan Against Property (LAP) portfolio now makes up 7.7% of its total AUM, compared to only 2.5% during the same period last year. This shows that Kissht is trying to build a more balanced lending portfolio.
Its financial results for FY26 were also strong. In the fourth quarter, operating revenue increased 68% year-on-year to ₹619 crore, while net profit rose 52% to ₹82 crore.
For the full financial year FY26, operating revenue reached ₹2,179 crore, up 63% from the previous year. Net profit also grew by 75% to ₹281 crore. These numbers give the company a strong base to expand into new financial services.
Even after these positive developments, the stock market reaction remained limited. Kissht’s parent company had listed in May 2026 at an 11% premium with a listing price of ₹190 per share. On July 17, 2026, the stock closed at ₹310.45, down 3.33% for the day.
Experts believe investors want to see the mutual fund business start operations and generate revenue before giving a higher value to the company’s new business.
Kissht Joins the Growing Trend of Fintech Companies
Kissht’s latest move reflects a larger trend in India’s fintech sector. Many fintech companies are expanding beyond one service and offering multiple financial products such as loans, insurance, investments and wealth management on a single platform.
For Kissht, mutual fund distribution can become a new source of income without increasing lending risk. Since the company already has millions of users, it can introduce investment products to existing customers instead of spending heavily to acquire new ones.
This strategy also matches the growing demand for digital investment services in India. More people, especially young users, now prefer to manage their loans, payments and investments through one mobile app.
Although receiving the AMFI registration is an important first step, the success of the business will depend on how quickly the company partners with Asset Management Companies, launches its services and attracts investors.
With strong financial growth and a large customer base, Kissht is now moving closer to becoming a complete digital financial platform. The company’s progress in the mutual fund business will be closely watched by customers, investors and the fintech industry in the coming months.