Kissht AUM at ₹9,317 Crore: Provisional Q2 Update

Correction, 4 October 2026: OnEMI Technology Solutions, the listed company behind digital lender Kissht, said consolidated assets under management (AUM) were approximately ₹9,317 crore at 30 September 2026. That was 68.4% above the year-earlier figure, according to its 3 October exchange filing. The figures are provisional and subject to statutory-auditor review; they are not the company’s final Q2 financial results.

Key takeaways

• OnEMI reported AUM of about ₹9,317 crore, up from ₹5,533 crore a year earlier and approximately ₹1,316 crore above June 2026.
• Quarterly disbursements were about ₹4,612 crore, compared with ₹2,963 crore a year earlier. Disbursements are loan originations, not revenue or profit.
• Loans against property represented 7.9% of AUM, up from 4.1% a year earlier. The filing does not establish that credit losses fell.

What the Kissht AUM filing says

The company told the National Stock Exchange and BSE that Kissht AUM rose 16.4% from the end of June, when it stood at roughly ₹8,001 crore. The reported quarterly increase was approximately ₹1,316 crore. These are management’s provisional operating figures on a consolidated basis. AUM is a measure of loans managed; it should not be confused with annual revenue, net income or cash available to shareholders.

The secured-lending shift

The loan-against-property (LAP) share increased from 4.1% of AUM in September 2025 to 7.9% in September 2026. It was 7.7% at the end of June. This shows a larger secured-lending mix, but the filing contains no Q2 bad-loan ratio, loss rate, capital-adequacy figure or profitability result. It therefore cannot support a claim that OnEMI has already reduced credit risk or improved margins.

ETtech reported the AUM rise and described the expansion of secured lending. The Free Press Journal separately summarized the filing, including the provisional-audit caveat. Both reports rely heavily on the company disclosure. We do not count republished summaries of the same filing as independent evidence of product performance.

What user and customer figures mean

OnEMI reported 79.54 million registered users and 12.80 million cumulative customers served. The first is an account-registration measure; the second is a cumulative lifetime count. Neither figure establishes the number of active borrowers at quarter-end. The filing says 0.55 million customers were added to the cumulative served count during Q2, but it does not publish a conversion rate, customer-acquisition cost or repayment performance in this release.

An earlier version of this article inferred details about account-aggregator underwriting, automated credit models, co-lending arrangements, funding costs, lower risk weights, a forthcoming IPO and a near-term ₹10,000-crore AUM milestone from the growth figures. The 3 October filing does not substantiate those claims, so they have been removed. In particular, OnEMI is already listed under NSE symbol KISSHT and BSE code 544754; it is not preparing its first public listing. Our earlier coverage of OnEMI’s proposed post-IPO equity issue explains a separate capital event, while the Kissht company profile provides background.

What remains unknown

This provisional business update says how much lending activity and AUM OnEMI reported, and how its LAP mix changed. It does not disclose the quarter’s final revenue, profit, credit costs, asset quality or audited balance-sheet position. Those later results are needed to judge whether faster originations have translated into sustainable earnings. The operational figures should be read as company-reported estimates pending auditor review.

Sources: OnEMI exchange filing, 3 October 2026; ETtech; Free Press Journal.