Digital lender OnEMI Technology Solutions, operating the Kissht app, achieved a 61% year-on-year increase in assets under management to Rs 8,001 crore by June 2026, boosted by a 37% rise in loan disbursements and a 33% growth in registered users.
- AUM surged 61% to Rs 8,001 crore by June 2026
- Loan disbursements rose 37% to Rs 3,812 crore in Q1 FY27
- Registered users expanded 33% to 74.6 million
What happened
OnEMI Technology Solutions, the parent company of the Kissht loan app, reported a substantial increase in its assets under management (AUM), reaching approximately Rs 8,001 crore by the end of June 2026. This represents a 61% year-on-year growth, fueled by a 37% increase in loan disbursements to Rs 3,812 crore during the first quarter of fiscal year 2027. The company's loan book expanded by Rs 934 crore sequentially, marking a 13% rise compared to the previous quarter.
Kissht also broadened its customer base significantly, growing its registered users by 33% year-on-year to 74.6 million. The company continued to diversify its lending portfolio beyond unsecured personal loans, notably expanding its loan-against-property (LAP) segment, which accounted for 7.7% of total AUM as of June 30, up from 2.5% a year earlier.
Why it matters
The strong operational performance indicates Kissht's growing traction in the competitive Indian digital lending market, underpinned by rising demand for both unsecured and secured credit solutions. The scaling of the secured lending portfolio, including LAP, suggests a strategic shift to mitigate credit risk and broaden revenue streams.
This growth supports OnEMI's position as a significant player in the financial technology space, especially as it relies on a mix of its own balance sheet and partnerships for loan originations. Maintaining a balanced portfolio, with 65% held by partners and 34% retained via co-lending, aligns with industry trends to optimize capital and risk exposure.
What to watch next
Investors and market watchers will be observing how OnEMI leverages its Rs 850 crore capital raised in May to further expand its non-banking finance arm, Si Creva, and support continued growth in its loan book. The company’s ability to sustain AUM growth and diversify its loan portfolio will be key to maintaining competitive momentum.
Additionally, monitoring changes in user acquisition rates and loan product mix will provide insight into Kissht’s market positioning amid evolving regulatory and economic conditions. Share price movement will also reflect investor confidence following a 62% gain since listing, despite recent short-term volatility.