OnEMi Technologies Reports Strong Growth in Assets, Customers and Lending Business
OnEMi Technologies Pvt. Ltd., the parent company of digital lending platforms Kissht and RING, has reported a strong start to FY27, with its assets under management (AUM) crossing the ₹8,000 crore milestone for the first time. The company also recorded robust growth in loan disbursements, customer acquisition, and its secured lending portfolio, according to its provisional business update filed with the National Stock Exchange (NSE).
The Mumbai based fintech company continues to strengthen its position in India’s rapidly expanding digital lending market, driven by growing consumer demand for credit and a diversified lending strategy.
The latest business update also comes on the back of a strong FY26, during which the company delivered significant growth in revenue and profitability, while its recently listed shares have continued to outperform the broader market.
AUM Surpasses ₹8,000 Crore
OnEMi Technologies reported that its assets under management (AUM) reached approximately ₹8,001 crore as of June 30, 2026.
This represents a 61% year-on-year increase compared with ₹4,972 crore recorded during the same period last year.
On a sequential basis, the company’s AUM also expanded 13.2% during the June quarter, reflecting continued momentum in loan origination and portfolio growth.
Crossing the ₹8,000 crore milestone highlights the company’s rapidly expanding lending operations and increasing customer adoption across multiple credit products.
Loan Disbursements Continue to Accelerate
Kissht maintained strong lending momentum during the first quarter of FY27.
The company disbursed loans worth approximately ₹3,812 crore during the quarter, compared to ₹2,780 crore in the corresponding quarter of the previous financial year.
This translates into a 37.1% year-on-year growth in loan disbursements.
The sustained increase reflects healthy consumer demand for digital credit solutions and the company’s expanding presence across multiple lending categories.
The growth also indicates continued confidence in the company’s underwriting capabilities despite a competitive fintech lending environment.
Customer Base Expands Rapidly
Alongside business growth, OnEMi Technologies continued expanding its user base.
The company’s registered users increased 33% year-on-year to 74.6 million, while the total number of cumulative customers served rose 26.4% to 12.25 million.
During the June quarter alone, the company added nearly 500,000 new customers, reflecting continued demand for its lending products.
The expanding customer base provides additional opportunities for cross-selling financial products while strengthening long-term customer relationships.
Loan Against Property Portfolio Gains Momentum
One of the notable highlights of the quarterly update was the continued expansion of the company’s Loan Against Property (LAP) business.
As of June 2026, the LAP portfolio accounted for 7.7% of total AUM, compared with 2.5% a year earlier.
Even on a sequential basis, the portfolio increased from 7.3% at the end of March 2026.
The growing contribution from secured lending indicates the company’s strategy to diversify beyond unsecured consumer loans while improving portfolio quality and reducing overall lending risk.
This balanced lending mix is expected to support sustainable long-term growth.
Strong Financial Performance Continues
The operational momentum builds upon a strong financial performance reported during FY26.
In the fourth quarter of FY26, OnEMi Technologies recorded a 68% year-on-year increase in operating revenue to ₹619 crore, while net profit rose 52% to ₹82 crore.
For the full financial year, operating revenue increased 63% to ₹2,179 crore, compared with ₹1,337 crore in FY25.
Annual profit surged nearly 75% to ₹281 crore, reflecting improved operating leverage and business scalability.
The company clarified that the latest Q1 FY27 business figures remain provisional and are subject to review by its statutory auditors.
Stock Performance Reflects Investor Confidence
The company’s strong business performance has also translated into significant gains in the stock market.
Since its IPO, Kissht’s shares have appreciated 81.3%, rising from the issue price of ₹171 to close at ₹310 on July 3.
The rally has taken the company’s market capitalization to approximately ₹5,223 crore, reflecting growing investor confidence in its long-term growth prospects.
The strong post listing performance also highlights improving sentiment toward profitable fintech businesses with scalable lending models.
Outlook Remains Positive
India’s digital lending industry continues to benefit from rising smartphone penetration, expanding financial inclusion, and increasing demand for technology driven credit solutions.
With AUM crossing ₹8,000 crore, strong loan disbursement growth, an expanding secured lending portfolio, and consistent customer acquisition, OnEMi Technologies appears well-positioned to sustain its growth momentum.
The company’s focus on diversification, profitability, and disciplined portfolio expansion could further strengthen its position in the highly competitive fintech lending sector.
As the company continues scaling its operations, investors will closely monitor asset quality, profitability, and future lending growth as key indicators of long-term performance.
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