Onemi Technology Solutions Ltd(KISSHT)

NSE: KISSHTBSE: 544754

₹ 304.25-1.65%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 5,419 crNext results: 28 Oct 2026Website: www.kissht.comUpdated: 24 Oct 2026

About

OnEMI Technology Solutions Limited, operating under the 'Kissht' brand, is a technology-driven digital lending platform incorporated in 2016 that offers personal loans and loans against property to retail customers across India. Its wholly owned subsidiary, Si Creva Capital Services Private Limited, is an RBI-registered Middle Layer NBFC that conducts all core lending functions. AUM stood at ₹9,317 Cr as of September 30, 2026, and FY26 revenue was Rs 2179.25 Cr.^[1][2][3]

Products and services

Personal Loans: unsecured, ticket size up to ₹5 lakh, tenure up to 5 years, offered pan-India.^[1]
Loan Against Property: secured, ticket size up to ₹30 lakh, tenure up to 15 years.^[1]
Also operates as a Corporate Insurance Agent under an IRDAI licence, distributing life and general insurance products.^[1]
Piloting 'Conexo', a platform for sourcing retail loan products including credit cards for other financial institutions.^[1]
AMFI-registered subsidiary secured to begin mutual fund distribution, targeting existing customers who are active SIP/mutual fund investors.^[4]

Loan book and asset quality

AUM: ₹9,317 Cr as of September 30, 2026, up 68.4% YoY from ₹5,533 Cr as of September 30, 2025.^[2]
LAP AUM: ₹617 Cr (7.7% of total AUM) in Q1 FY27, across 101 branches in 8 states; up from 2.5% of AUM a year ago.^[4]
On-book AUM ₹3,556 Cr, off-book ₹3,510 Cr (50.3%/49.7% split) as of Q4 FY26; off-book share rose to 53.6% by Q1 FY27.^[5]
GNPA (Stage 3): 2.25% in Q1 FY27, down 139 bps YoY; NNPA: 0.36% in Q1 FY27.^[4]
Stage 2 assets: 3.15% of AUM in Q1 FY27, down 75 bps YoY.^[4]
Provision coverage ratio (Stage 3 ECL): 84.13% in Q1 FY27, down 653 bps YoY.^[4]
Collection efficiency (DPD 30): 96.82% in Q1 FY27; digital collections account for 99.2% of total collections as of FY26.^[4]

Key operating metrics

Disbursements: ₹4,612 Cr in Q2 FY27, up from ₹2,963 Cr in Q2 FY26 and ₹3,812 Cr in Q1 FY27.^[2]
Credit cost: 6.80% of average AUM in Q1 FY27, down from 8.85% in Q1 FY26 and 7.02% in Q4 FY26.^[4]
Operating expenses as a proportion of average AUM: 18.0% in Q1 FY27, down from 20.0% in Q1 FY26 and 19.9% in Q4 FY26.^[4]
Average cost of borrowings: 14.45% in Q1 FY27; 45+ lending and co-lending partners.^[4]
RoAAUM: 5.05% in Q1 FY27; RoAE: 21.20% in Q1 FY27.^[4]
CRAR in NBFC subsidiary: 40.19% in Q1 FY27, up from 25.28% in Q4 FY26, following the May 2026 IPO.^[4]

Distribution and customers

Registered users: 79.54 million as of September 30, 2026, up from 59.96 million as of September 30, 2025.^[2]
Cumulative customers served: 12.80 million as of September 30, 2026, up from 10.45 million as of September 30, 2025.^[2]
Customer mix: 52% salaried, 48% self-employed; 81% reside in top 100 cities; median bureau score of 746 (FY26).^[1]
Acquisition channels: digital marketing, merchant partnerships (Credit QR), e-commerce platforms and organic referrals; organic channel 31% in Q1 FY27, up from ~8% in FY22-23.^[1]
Share of customers with CIBIL score above 700: 95.5% in FY26, up from 94.8% in FY25.^[5]
Over 95% of collections managed in-house as of FY26.^[1]

Technology, underwriting and apps

AI-driven underwriting platform evaluates more than 7,000 data variables including bureau, banking behaviour, transaction history, device intelligence and alternative data.^[1]
Proprietary models built from more than 10 billion data points; average customer response time reduced from ~200 seconds to under 90 seconds.^[1]
Underwriting model AUC improved from 66% in 2023 to 74% in 2026 (V40 iteration); 80% of code written with AI assistance.^[5]
Voice agents achieve above 70% of human recovery rates in early-bucket collections.^[5]
Technology infrastructure holds ISO 27001 and SOC 2 certifications for data protection.^[1]
Consumer apps: 'Kissht' (flagship), 'PaywithRing (powered by Kissht)' for merchant channels, 'Kissht Merchant' for point-of-sale financing via Credit QR.^[1]
LAP stack: 'Kissht LAP Sales' app for lead generation and 'Kissht LAP LOS' panel for credit and operational processes.^[1]

Capital structure and credit ratings

Si Creva Capital Services holds an A-/Stable credit rating from CRISIL, India Ratings and Acuité Ratings as of FY26.^[1]
Net worth reached ₹2,245 Cr in Q1 FY27, approximately 4x its level in March 2023, built on retained earnings and the May 2026 IPO.^[4]
Debt-to-equity (on-book): 1.78x as of Q4 FY26.^[1]

Recent developments

Listed on NSE and BSE on May 8, 2026 via ₹850 Cr fresh issue at ₹162-₹171 price band; subscribed 9.9x overall (QIB 25.9x); listing price ₹191, an 11.7% premium.^[5]
AMFI registration secured by subsidiary for mutual fund distribution; product launch in progress as of Q1 FY27.^[4]
Credit rating upgrades being pursued with India Ratings and CRISIL; any upgrade expected to affect cost of borrowings from FY28.^[4]

Risks named in the FY26 annual report

FY26 annual report cites stress in small-ticket loans and borrower leverage as an industry risk for select lending segments.^[1]
FY26 annual report notes funding conditions for smaller NBFCs remain selective, with reliance on securitisation and debt markets.^[1]
Cybersecurity and fraud risks are named as a key risk for digital lending in the FY26 annual report.^[1]
FY26 annual report states competitive intensity may pressure pricing, customer acquisition costs and margins.^[1]

Market Cap

₹5,419 Cr

High / Low

₹388 / 190

Stock P/E

18.5

Price / Book

3.9

Book Value

₹102

EPS

₹16.7

No. of Shares

13.16 Cr

ROE

21.0%

Debt / Equity

0.81

Sales

₹2,179 Cr

Net Profit

₹281 Cr

Promoter holding

23.5%

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