Kissht parent's AUM tops Rs 8,000 crore in Q1

Digital lending firm OnEMI Technology Solutions, which operates the Kissht loan app, reported a 61% year-on-year increase in its assets under management (AUM) to about Rs 8,001 crore at the end of the June quarter, driven by strong loan disbursements, the company said in a regulatory filing.

Kissht disbursed loans worth around Rs 3,812 crore during the first quarter of FY27, which is 37% more than the same quarter last year. The company, which debuted on the stock exchanges in May, added around Rs 934 crore in assets under management in Q1, taking AUM up about 13% sequentially.

The company also continued to scale its secured lending business. Its loan-against-property (LAP) portfolio accounted for 7.7% of total AUM as of June 30, compared with 2.5% a year earlier and 7.3% at the end of March. Like most digital lenders, Kissht has been focusing on diversifying its loan book beyond unsecured personal loans.


The company said it also expanded its customer base during the quarter, with registered users rising 33% year-on-year to 74.6 million. Kissht has so far served 12.25 million customers, after it added around 500,000 borrowers during the quarter.

The company originates loans through a mix of its own balance sheet and lending partnerships. Around 65% of its loan portfolio is held by partner institutions, while 34% is retained on its own books through co-lending arrangements.

Founded in 2015 by former McKinsey executives Ranvir Singh and Krishnan Vishwanathan, Kissht started as a checkout financing platform and has since expanded into instant personal loans, business loans and LAP.

In May, its parent, OnEMI raised Rs 850 crore through a fresh issue of shares, earmarking a large part of the IPO proceeds for investment into its non-banking finance arm, Si Creva.

Shares of OnEMI Technology Solutions closed at Rs 311 on Friday, down 6% from the previous session. The stock is up 62% from its listing price of Rs 191 on BSE.