Akiko Global Services Ltd(AKIKO)

NSE: AKIKO

₹ 408-2.59%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 439 crUpdated: 24 Oct 2026

About

Akiko Global Services is a New Delhi-based distributor of credit products. It sources loans and credit cards for 40+ bank and NBFC partners through its branches, digital channels and the AkikoPay app. Revenue was Rs 172.73 crore in FY26. Monthly loan disbursements were over ₹450 crore in Q1 FY27.^[1][2][3][4]

Business mix

In Q3 FY26, loans (personal, business, mortgage and home loans) made up 70% of distribution and credit cards 30%. A year earlier, credit cards were 65%-70%.^[5]
Secured/unsecured split of loan distribution was 10%/90% in Q3 FY26.^[5]
Dubai contributed ₹16 crore to FY26 revenue. It fell to ₹1.25 crore in Q1 FY27 because of war-related disruption.^[2][4]
Under the aggregation model, 90-95% of payouts go to sub-channels, leaving a net margin of around 5-7% (as stated in the Q2 FY26 call).^[6]

Key operating numbers

Monthly loan disbursements were ₹450 Cr+ in Q1 FY27, up from ₹400 Cr+ in Q4 FY26 and ₹300 crore in the Q2 FY26 call.^[4][2][6]
Annualised disbursement run-rate was ~₹5,000 Cr in Q1 FY27, with a blended yield of 3-4% on disbursals.^[4]
Monthly credit card disbursements were 17,000-18,000 cards in Q1 FY27, up from 16,000+ in Q4 FY26.^[4][2]
Revenue per credit card was ₹2,500-₹4,000 in FY26.^[2]
Receivable days fell to 110 days in Q1 FY27 from 133 days.^[4]
The book stood at ₹400 crore in Q4 FY26: ₹320 Cr unsecured and ₹80 Cr secured.^[2]

Distribution network

In Q1 FY27 the company had 25 branches across 19 cities in India, all rented or leased, up from 16 branches in Q4 FY26.^[4][2]
Recent branch additions were Kolkata, two in UP and a second branch in Hyderabad. Branches in Indore and Kerala were lined up for the following 2-3 months (Q1 FY27 call).^[4]
The company had partnerships with 40+ banks and NBFCs in FY26, of which 20-25 were added during the year.^[2]
About 70% of credit card sourcing was digital in FY26.^[2]
Combined workforce was 950+ in FY26, against 350+ the year before. Direct employees rose from 326 to 486 and field channel partners from ~100 to 430.^[2]

AkikoPay app

AkikoPay is live on Android, and iOS approval was received in Q1 FY27. The app had 30,000+ downloads, 9,000 MAU, 1,000 DAU and 200-300 credit leads per day.^[4]
The wallet and prepaid card are active. Insurance and mutual fund distribution are to be integrated in Q2 FY27.^[4]
Management targets 5 lakh users by September 2026 and 10 lakh by December 2026, while acknowledging a 1-2 month delay.^[4]

Expansion plans

Management targets monthly loan disbursements of ₹1,000 crore by December 2026, supported by 1,400-1,500 employees.^[4]
Management targets an unsecured loan book of ₹1,000 crore by March 31, 2027, up from ₹320 Cr.^[2]
Management stated that no fundraising is planned for the next 6-12 months (Q1 FY27 call).^[4]
The FY26 annual report asks shareholders to add consultancy, PR, BPO/call centre and fund-raising advisory services to the company's main objects.^[1]

Recent developments

Tarun Gahlot resigned as Non-Executive Independent Director with effect from 8 October 2026, citing personal reasons.^[7]
Management said in the Q1 FY27 call that a CEO would be appointed within 2-3 months.^[4]

Market Cap

₹439 Cr

High / Low

₹490 / 190

Stock P/E

25.3

Price / Book

9.3

Book Value

₹56

EPS

₹16.2

No. of Shares

1.08 Cr

ROE

31.8%

Debt / Equity

0.25

Sales

₹173 Cr

Net Profit

₹17 Cr

Promoter holding

67.3%

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