India, Aug. 18 -- Months after receiving a regulatory nod for its NBFC licence, MobiKwik has now completed the transfer of its digital lending operations and associated team to its wholly owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL).

Beyond the restructuring, the fintech company has also announced that it will be pumping Rs.60.85 Cr as equity into MDSPL.

To strengthen the subsidiary's operations, MobiKwik has appointed former Bajaj Markets exec Manish Pathania as the chief business officer (CBO) of MDSPL. Pathania, who brings nearly two decades of experience across financial institutions like GE Money and HDB Financial Services, will be responsible for supervising the digital lending business and drive its ne...