Kissht parent OnEMI targets over 40% AUM growth in FY27

OnEMI Technology Solutions, parent of Kissht, is targeting more than 40% AUM growth in FY27 through repeat customers and organic lending. It expects lower funding costs in H2 FY27 and aims for its loan-against-property business to turn profitable by December 2026.

— Source publishedFri, 31 Jul, 2026, 15:06 IST·First seen Fri, 31 Jul, 2026, 15:16 IST·Source CNBC-TV18 · Companies

What happened

OnEMI Technology Solutions (Kissht) · Kissht parent OnEMI targets over 40% AUM growth in FY27 through repeat customers and organic lending expansion. A ratings

Key facts

  • More than 40% AUM growth targeted in FY27
  • At least 100 basis points cost-of-funds decline expected in H2 FY27
  • 200-225 basis points reduction in cost of incremental borrowings
  • Loan-against-property business targeted to turn profitable in October-December 2026
  • Stage 3 assets guided at 2.25%
  • Market capitalisation: ₹5,439.47 crore

Why this matters

OnEMI’s push into repeat lending and a profitable secured-lending vertical could make it a more strategically valuable fintech partner or acquisition target for firms seeking scaled embedded-credit capabilities.

What to watch

  • Quarterly AUM growth rate and mix between unsecured consumer loans and loan-against-property.
  • Repeat-customer share of disbursals, customer acquisition cost and collection efficiency.
  • Cost of borrowings, lender diversification and the timing of any interest-rate cuts.
  • GNPA, net credit cost, early-bucket delinquencies and write-off trends.
  • Whether the loan-against-property business reaches monthly profitability by December 2026.
  • Evidence that margin gains are retained rather than competed away through lower lending rates.
  • Increase repeat-loan and pre-approved credit offers using repayment-history data.
  • Shift incremental origination toward secured loan-against-property products and higher-quality repeat borrowers.
  • Diversify funding sources and refinance higher-cost debt if market rates ease.
  • Tighten underwriting, fraud controls and early-delinquency monitoring as the book expands.
  • Use improved funding economics to selectively reduce borrower pricing and defend customer retention.