Is MobiKwik for Business Loan App Safe? RBI DLA Directory Verdict
Directory checked 2026-10-12
- ✅ Listed in RBI's DLA directory as “MobiKwik for Business”
- 🏛️ Deployed by: 2 regulated entities (see below)
- 📧 Grievance officer: nodal@mobikwik.com
- 🛡️ Complaint route: RBI CMS portal (free)
🔍 MobiKwik for Business — What RBI's DLA Directory Records
| Regulated entity | UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED) (NBFC) |
| LSP (Lending Service Provider) | One Mobikwik Systems Limited |
| Entity website | https://www.ugrocapital.com/lending-service-provider#digital-Lending-apps |
| Grievance officer | Mr. Prashant Gandhi |
| Grievance contact | nodal@mobikwik.com · 8069808320 |
| Regulated entity | UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED)* (NBFC) |
| LSP (Lending Service Provider) | One Mobikwik Systems Limited |
| Entity website | https://www.ugrocapital.com/lending-service-provider#digital-Lending-apps |
| Grievance officer | Mr. Prashant Gandhi |
| Grievance contact | nodal@mobikwik.com · 8069808320 |
📱 Distributed via: Google Play
Source: RBI — Digital Lending Apps deployed by Regulated Entities (public directory), checked 2026-10-12. Listings are reported by the regulated entities on RBI's CIMS portal without further validation by RBI — a listing is not an RBI endorsement. Always confirm the lender named inside the app matches the entity above before sharing documents.
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❓ Quick Answers
Is MobiKwik for Business loan app safe?
MobiKwik for Business is listed in RBI's public directory of Digital Lending Apps, deployed by 2 regulated entities including UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED) (NBFC). The listing is reported by the regulated entity on RBI's CIMS portal — always confirm the lender named inside the app matches one of these entities before sharing KYC.
Which lender is behind MobiKwik for Business?
MobiKwik for Business is deployed by 2 RBI-regulated entities: UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED), UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED)*. Your loan agreement names the specific entity for your loan — check it there.
MobiKwik for Business customer care / grievance contact?
The grievance redressal officer on record for UGRO CAPITAL LIMITED (PREVIOUSLY CHOKHANI SECURITIES LIMITED) is Mr. Prashant Gandhi — nodal@mobikwik.com, 8069808320. Use this official contact, not helpline numbers found via Google search (scam helplines target loan-app users).
How do I complain against MobiKwik for Business?
Step 1: raise the issue inside the app. Step 2: email the grievance officer (nodal@mobikwik.com). Step 3: no resolution in 30 days — escalate free to the RBI Ombudsman at cms.rbi.org.in.
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