OnEMI Technology Solutions Approves ₹832 Crore Preferential Issue to Fund Kissht’s Growth
Mumbai, September 18, 2026: OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht, has announced that its Board of Directors has approved a proposal to raise approximately ₹832 crore through a preferential issue of securities.
The proposed fundraise is subject to approval from the company’s shareholders and the requisite regulatory and statutory approvals.
The company disclosed the development in a regulatory filing dated September 18, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.
Preferential Issue Attracts Institutional Investors
The proposed preferential issue has received participation from several prominent institutional investors and investment funds.
The investors named by the company include Axis Mutual Fund, HDFC Mutual Fund, Massachusetts Institute of Technology, WhiteOak, 360 ONE, Groww Mutual Fund and Bandhan Mutual Fund, among other investors.
The proposed issue will be carried out in accordance with the applicable provisions of the Companies Act, 2013, SEBI ICDR Regulations and other applicable laws.
Majority of Capital to Support Lending Business
OnEMI Technology Solutions said 75% of the additional capital raised will be infused into Si Creva Capital Services Private Limited, its wholly owned subsidiary.
The capital is intended to provide Kissht with greater financial flexibility to:
- Scale its lending business
- Strengthen technology and digital capabilities
- Expand its product offerings
- Increase its reach across target customer segments
- Support future credit growth
The remaining 25% of the fundraise will be used for general corporate purposes and is expected to support the company’s broader growth strategy.
Focus on Capital Strength and Credit Growth
The company said the fundraise will further strengthen its capital position and support its next phase of growth.
OnEMI Technology Solutions is also targeting multiple credit-rating upgrades over the next two years, supported by stronger capitalisation and continued credit growth.
The company expects potential improvements in credit ratings to help broaden its access to capital and funding sources. It also expects a stronger funding base to support the expansion of its lending operations while maintaining its credit discipline.
Institutional Participation
The proposed preferential issue includes participation from a broad group of institutional and other investors.
The disclosed investor list includes funds associated with:
- Axis Mutual Fund
- HDFC Mutual Fund
- Groww Mutual Fund
- Bandhan Mutual Fund
- WhiteOak
- 360 ONE
- Massachusetts Institute of Technology
- Nippon India
- Citigroup Global Markets
- Unity Small Finance Bank
- Other investment funds and identified investors
The participation of these investors forms part of the company’s proposed preferential issue, which remains subject to the required shareholder and regulatory approvals.
What This Means for OnEMI Technology
The proposed ₹832 crore capital raise is intended to strengthen OnEMI Technology Solutions’ capital position and provide additional resources for the expansion of its digital lending platform.
The key developments for investors to monitor will include shareholder approval, completion of the preferential issue, deployment of the funds into Si Creva Capital Services, credit-rating developments, and the company’s subsequent lending growth.
Investors should also monitor the final allotment and its impact on the company’s share capital and shareholding structure.
About Kissht
Kissht, operated by OnEMI Technology Solutions Limited, is a digital lending platform focused on using technology and data-led underwriting to provide credit solutions to consumers across India.
The company intends to use the proposed capital infusion to strengthen its lending capabilities, technology infrastructure, and product offerings.
Source: Company regulatory filing dated September 18, 2026.
Disclaimer: This article is based on information disclosed by the company and is intended for informational purposes only. It should not be considered investment advice or a recommendation to buy or sell any security. Investors should independently evaluate the company’s financials, valuation, risks, and regulatory filings before making investment decisions.