Akiko Global ServicesShare price, financial results, shareholding and management
- Market cap
- ₹481 cr
- Stock P/E
- 28.3peers 46.6
- Book value
- ₹55.7
- Price to book
- 8.01
- EV / operating profit
- 19.7
- Market cap to sales
- 2.78
- ROCE · FY26
- 38.0%
- ROE · FY26
- 32.8%
- ROE, 3-year average
- 32.6%
- Operating margin · FY26
- 15.0%peers 22.3%
- Sales growth, 3 years
- 62.9%
- Profit growth, 3 years
- 50.4%
- Debt to equity
- 0.25peers 0.03
- Borrowings
- ₹15 cr
- Interest cover
- 23.0×
- Cash from business / op. profit
- -24%
- Debtor days
- 133
- Pledged
- 0.00%
- Promoter holding
- 67.29%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 468
- 52-week high / low
- ₹490 / ₹190
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Akiko Global Services share price chart
Close on 6 Nov 2026 · +2.01% on the day · Vol 13,600
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +8.1%
- 3 months
- +38.9%
- 6 months
- +51.0%
- 1 year
- +65.4%
- Since IPO
- +479.6%
- Traded a day, 20 days
- ₹0.52 cr
- Taken for delivery
- 79%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +127% | +115% |
| 3 years, a year | +63% | +50% |
| Latest half, H2 FY26 | +89% | +298% |
About Akiko Global Services: business, products and customers
Akiko Global Services finds people who want a credit card or a loan and passes them to banks and finance companies, which pay it a fee for each card issued or loan paid out. It is also building a payments app called AkikoPay.
Akiko Global Services, which trades under the MoneyFair name, is a direct selling agent for more than 40 banks and finance companies. It sources customers for credit cards, personal loans, business loans and home loans through telecallers, field staff, branches and digital marketing, and the lender decides and lends. The lender pays it a commission, which the company puts at 3% to 4% of the loan amount and ₹2,500 to ₹4,000 per card.
Because it earns a fee and does not lend, it needs little plant or capital, but a large part of each fee is paid on to others: services bought in took about three fifths of FY26 revenue, and staff costs most of the rest. Lenders pay commissions some months after the business is done, so unpaid bills have grown with sales and cash from operations has been negative for three years.
Read more about the business
It has three subsidiaries: Akiko Global Commercial Broker in the UAE (70%), a credit card agent for banks there; M11 Insurance Agents (75%), an agent for loans and insurance; and White Lotus Broker Network (51%). AkikoPay, its new app for payments, a wallet, prepaid cards and credit offers, went live on Android and Apple in mid 2026 and is meant to keep customers coming back for more products.
For AkikoPay the founder names Paytm, PhonePe and CRED as the apps it wants to compete with; for the core business the documents name no listed peers.
From the offer document, the 2025-26 annual report, the May 2026 and July 2026 earnings calls, the July 2026 investor presentation and the company's September and October 2026 exchange announcements.
Read the deeper study ↓In its favour
- Sales have grown very fast: 63% a year over three years.
- It earns a high return on the money it uses: ROCE 38% in FY26.
- It has little debt for its size: debt to equity 0.25.
- The promoters own a large part of the company: 67.29%.
To watch
- FY27 revenue of ₹325 cr to ₹350 cr, the founder's raised goal (Earnings call, July 2026, p.13).
- About ₹1,000 cr of loans sourced a month by December 2026, as the founder said (Earnings call, July 2026, p.11).
- Receivable days falling below 90 in the September 2026 quarter, as the founder said (Earnings call, July 2026, p.9).
- Board changes: Ankur Gaba became Managing Director in September 2026, a chief executive hire is planned, and independent director Tarun Gahlot resigned from 8 October 2026 for personal reasons (Exchange announcements, 2 Sep and 9 Oct 2026; Earnings call, July 2026, p.7).
- Customers take longer to pay than before: 133 days in FY26, against 54 in FY21.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Akiko Global Services revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.
Akiko Global Services half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 57.35 | 64.49 | 108.24 |
| Expenses | 49.10 | 55.38 | 92.28 |
| Operating profit | 8.26 | 9.11 | 15.96 |
| OPM | 14.4% | 14.1% | 14.7% |
| Interest | 0.05 | 0.30 | 0.77 |
| Depreciation | 0.89 | 0.86 | 0.95 |
| Profit before tax | 7.36 | 8.06 | 14.40 |
| Net profit | 5.65 | 6.18 | 22.46 |
Akiko Global Services profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 6 | 14 | 40 | 32 | 76.30 | 173 |
| Expenses | 6 | 12 | 33 | 27 | 64.77 | 148 |
| Operating profit | 0 | 1 | 6 | 5 | 11.53 | 25 |
| OPM | 7.0% | 9.0% | 16.0% | 16.0% | 15.1% | 15.0% |
| Other income | 0 | 0 | 0 | 0 | 0.10 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0.13 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1.13 | 2 |
| Profit before tax | 0 | 1 | 6 | 5 | 10.37 | 22 |
| Tax rate | 29.0% | 0.0% | 16.7% | 20.0% | 23.7% | 22.7% |
| Net profit | 0 | 1 | 5 | 4 | 7.91 | 17 |
| EPS ₹ | 115 | 390 | 1,133 | 4.83 | 7.56 | 14.23 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Earnings per share before FY24 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Akiko Global Services profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.0% | 9.0% | 16.0% | 16.0% | 15.1% | 15.0% |
| Tax rate | 29.0% | 0.0% | 16.7% | 20.0% | 23.7% | 22.7% |
| ROCE | · | 192.3% | 148.9% | 43.4% | 33.8% | 38.0% |
| ROE | · | 192.3% | 141.6% | 38.0% | 26.9% | 32.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Akiko Global Services debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers pay faster than they did in FY24, which frees up the company's money.
Bars below the line are cash going out.
Akiko Global Services balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 0.02 | 0.02 | 0.04 | 8 | 10.77 | 11 |
| Reserves | 0 | 1 | 6 | 7 | 33 | 49 |
| Net worth | 0.02 | 1.02 | 6.04 | 15 | 43.77 | 60 |
| Borrowings | 0 | 0 | 1 | 1 | 2.36 | 15 |
| Other liabilities | 1.98 | 2.98 | 3.96 | 7 | 18.41 | 33 |
| Total liabilities | 2 | 4 | 11 | 23 | 64.54 | 108 |
| Fixed assets | 0 | 1 | 1 | 0 | 5.11 | 4 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0.24 | 0 |
| Other assets | 2 | 3 | 10 | 23 | 59.19 | 102 |
| Receivables | · | · | · | · | 39.94 | 63.24 |
| Inventory | · | · | · | · | 0 | 0 |
| Cash | · | · | · | · | 3.58 | 3.29 |
| Trade payables | · | · | · | · | 10.36 | 13.92 |
Akiko Global Services cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 1 | -6 | -26.92 | -6 |
| Cash from investing | 0 | 0 | 0 | 0 | -6.65 | -5 |
| Cash from financing | 0 | 0 | 1 | 5 | 36.15 | 11 |
| Net cash flow | 0 | 0 | 2 | -1 | 2.58 | 0 |
| Capital spending | · | · | · | · | 5.70 | 2.44 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 54 | 74 | 63 | 177 | 191 | 133 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash conversion cycle | 54 | 74 | 63 | 177 | 191 | 133 |
| Working capital days | 6 | 24 | 48 | 173 | 186 | 137 |
Akiko Global Services peers and competitors
Listed SME companies in the same industryBy sales, Akiko Global Services is number 4 of the 19 listed SME companies in finance.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Akiko Global Services | 481 | 28.3 | 173 | 17 | 15.0% | 0.25 |
| My Mudra Fincorp | 114 | 9.5 | 117 | 12 | 15.8% | 0.17 |
| Usha Financial Services | 235 | 10.5 | 71.1 | 22.5 | 77.8% | - |
| Dar Credit & Capital | 57 | 8.1 | 40.3 | 7 | 69.9% | 1.78 |
| Amrapali Fincap | 59 | 76.0 | 19.5 | 0.8 | -4.0% | 0.00 |
| IBL Finance | 149 | 61.0 | 17.1 | 2.4 | 57.1% | 0.95 |
| Ascom Leasing & Investments | 244 | 46.6 | 13.1 | 5.2 | 59.5% | 0.04 |
| Franklin Leasing and Finance | 12 | 69.6 | 9.6 | 0.2 | 2.4% | 0.00 |
| Share Samadhan | 56 | 125.4 | 6.2 | 0.5 | -7.2% | 0.01 |
| Navigant Corporate Advisors | 22 | 24.5 | 4.9 | 0.9 | 28.8% | 0.00 |
| GCM Capital Advisors | 7 | - | 2.3 | -0.4 | -8.7% | 0.03 |
| Median of the 10 others | 58 | 46.6 | 15.1 | 1.7 | 22.3% | 0.03 |
Akiko Global Services shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has come down.
Akiko Global Services shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Jun 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|
| Promoters | 66.92% | 66.92% | 66.92% | 67.29% | 67.29% |
| Foreign investors (FIIs) | 6.12% | 1.11% | 0.00% | - | 0.04% |
| Indian institutions (DIIs) | 5.70% | 3.34% | 1.10% | 0.68% | 1.86% |
| HNIs (over ₹2 lakh each) | 1.49% | 8.14% | 12.33% | 17.91% | 16.58% |
| Small holders (up to ₹2 lakh) | 12.88% | 13.12% | 12.67% | 12.14% | 12.55% |
| Companies and others | 6.89% | 7.37% | 6.98% | 1.98% | 1.68% |
| Number of shareholders | 916 | 609 | 498 | 427 | 468 |
The named holders are at 31 March 2026, beside 30 Sept 2025, each under the group the pattern files them in.
Akiko Global Services study: the business from its own documents
Read from 11 of the company's own documentsAkiko Global Services so far
From the company's own record
- 2 July 2024Listed on NSE Emerge at ₹77
- 31 March 2026Promoters at 67.29%
- 6 Nov 2026Highest close since listing, ₹446.30
Akiko Global Services key facts from the filings
Each figure with the document it comes from
- Revenue
- ₹172.7 cr
- Group revenue from operations in FY26.Investor presentation, July 2026, p.28
- Latest quarter
- ₹68.1 cr
- Revenue in the June 2026 quarter, against ₹29.5 cr a year earlier.Investor presentation, July 2026, p.25
- Loans sourced
- ₹450 cr+ a month
- Loans paid out by lenders to customers it sourced, as of mid 2026.Investor presentation, July 2026, p.10 and p.23
- Cards sourced
- 17,000 to 18,000 a month
- Credit cards issued through it each month, about 70% sourced through digital channels.Investor presentation, July 2026, p.9
- Fee rate
- 3% to 4%
- Blended commission on loans paid out; cards earn ₹2,500 to ₹4,000 each.Investor presentation, July 2026, p.5
Show 5 more facts
- Bought-in services
- ₹104.9 cr
- Services bought from others in FY26, about three fifths of revenue.Investor presentation, July 2026, p.28 (our arithmetic)
- Money owed by lenders
- ₹63.2 cr
- Trade receivables at March 2026, up from ₹39.9 cr a year earlier.Investor presentation, July 2026, p.29
- Receivable days
- 133 → 110
- Days to collect from lenders, as the founder said in July 2026.Earnings call, July 2026, p.9
- Top ten customers
- 93.26%
- Share of FY23 revenue from the ten largest lenders, before listing.Offer document, p.40
- Staff
- 950+
- Employees in mid 2026, about 700 in sales and 16 in technology.Investor presentation, July 2026, p.5; Earnings call, July 2026, p.10
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
On the July 2026 call, founder Ankur Gaba raised the FY27 revenue goal to ₹325 cr to ₹350 cr, from ₹300 cr to ₹325 cr in the company's presentation the day before, and said profit margins of 9% to 11% are expected this year. Ankur Gaba also said loans sourced should reach about ₹1,000 cr a month by December 2026, that insurance and mutual funds will be added to AkikoPay, that the company aims to hire a chief executive, and that no fund raising is planned for at least a year.
| What management said | When | What happened |
|---|---|---|
| Revenue of about ₹150 cr in FY26 | FY26 guidance, recalled on the May 2026 call | ₹172.7 cr |
| Revenue of ₹65 cr to ₹70 cr in the June 2026 quarter | May 2026 call | ₹68.1 cr |
| 5 lakh AkikoPay customers by 30 September 2026 | May 2026 call | 30,000+ Android downloads by July 2026; the founder said the plan was running one to two months late |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Akiko Global Services earns a fee from banks for each card and loan it brings in, without lending its own money.
Its weak spots are that a few lenders set the fees, that a large share of each fee is paid on to others, and that lenders pay late.
WatchCan it set its own prices?Lenders decide the commission they pay, so the company has little say over its fee rates.
AverageHow strong is it against rivals?It has many lender ties and mixes branches with digital sourcing, but finding customers for banks is a crowded business with low barriers.
WatchWho are its customers?Its paying customers are banks and finance companies, and a handful of them have brought in nearly all revenue.
AverageDoes it need a lot of money?It needs few assets, but lenders pay late, so money owed to it has grown and short term borrowing has risen.
StrongCan it keep finding new work?Loans and cards sourced have grown each quarter as it added staff, branches and digital marketing.
AverageDo good and bad years swing a lot?Fees depend on how freely banks lend, and the UAE unit shows how outside events can cut business quickly.
Who runs Akiko Global Services?
Promoters, directors and officers; tap a name for the background
AGAnkur GabaFounder, Promoter and Managing Director · holds 13.79%
Over 20 years in the financial services industry; with the company since it began and Business Development Head at the time of the offer, responsible for its overall working and strategy. Appointed Additional Director and Managing Director from 2 September 2026. The exchange announcement states that Ankur Gaba is the brother of Priyanka Dutta.
Offer document, p.182 and p.193; Exchange announcement, 2 September 2026, p.1 and p.5PDPriyanka DuttaPromoter and Executive Director
Managing Director until 10 September 2026, then Executive Director. The offer document describes 15 years of experience leading organisations, with knowledge of administration, human resources and strategic planning.
Offer document, p.175; Exchange announcement, 2 September 2026, p.1 and p.4GSGurjeet Singh WaliaPromoter and Executive Director · holds 18.35%
Fourteen years of experience in managing organisations and in strategic and business planning at the time of the offer.
Offer document, p.176; Annual report 2025-26, p.5RARicha AroraPromoter; Executive Director and CFO until September 2026 · holds 14.83%
Fourteen years of experience at the time of the offer, including budgeting and reporting for senior management. Resigned as Executive Director with effect from 10 September 2026.
Offer document, p.175; Investor presentation, July 2026, p.8; Exchange announcement, 2 September 2026, p.1PMPuneet MehtaPromoter · holds 18.73%
Holds a certificate in Computer Application from NIT; was a Non-Executive Director at the time of the offer, with experience in board governance and business development.
Offer document, p.176JSJagjit SinghIndependent Director
A Delhi University graduate in Political Science with about 30 years of work, including 20 years running retail stores for brands such as Levis and Numero Uno; chairs the audit committee.
Offer document, p.177; Annual report 2025-26, p.5Akiko Global Services latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹108 cr (+89%), net profit ₹22.5 cr (+298%) on H2 FY25.
- Shareholding, 31 March 2026: promoters unchanged at 67.29%; Smart Horizon Opportunity Fund new at 1.47%.
Akiko Global Services announcements
110 on record, latest first; each opens the filing on the exchange
- Resignation of Director/KMP/SMPResignation of Director/KMP/SMPPDF ↗
- Resignation of Director/KMP/SMPResignation of Director/KMP/SMPPDF ↗
- Change in ManagementMr. Tarun Gahlot (DIN: 10722326), has resigned from the position of Non-Executive Independent Director of the Company with effect from 8th October, 2026, due toPDF ↗
- ResignationMr. Tarun Gahlot (DIN: 10722326), has resigned from the position of Non-Executive Independent Director of the Company with effect from 8th October, 2026, due toPDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the Quarter ended 30th September 2026PDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings/Outcome of the 8th Annual General Meeting held on Friday, 25th September, 2026 pursuant to SEBI (Listing Obligations and Disclosure Requirements) RePDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- General UpdatesIntimation of Participation in Arihant Capital BHARAT CONNECT CONFERENCE RISING STARS 2026 pursuant to Regulation 30 of SEBI (Listing Obligations and DisclosuPDF ↗
- Monthly Business UpdatesMonthly Update on Estimated Consolidated Turnover of Akiko Global Services Limited for August 2026PDF ↗
- Copy of Newspaper PublicationIntimation for Publication of Notice of the 8th Annual General Meeting and e-voting Details in NewspaperPDF ↗
- Resignation of Director/KMP/SMPResignation of Director/KMP/SMPPDF ↗
Akiko Global Services annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Akiko Global Services share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Akiko Global Services' data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- !For FY26 the exchange filing's profit lines do not add up as read, so the figures shown are from the results page instead.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,07,69,600 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY23 (₹1,132.50) and FY24 (₹4.83) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Akiko Global Services
What does Akiko Global Services do?
Akiko Global Services finds people who want a credit card or a loan and passes them to banks and finance companies, which pay it a fee for each card issued or loan paid out. It is also building a payments app called AkikoPay.
What is the share price of Akiko Global Services?
₹446 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Akiko Global Services?
₹481 cr at the close on 6 Nov 2026, on 1,07,69,600 shares.
What is the P/E of Akiko Global Services?
28.3 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Akiko Global Services' revenue and profit?
Revenue ₹173 cr and profit after tax ₹17 cr in FY26.
Who are the promoters of Akiko Global Services?
Ankur Gaba, Priyanka Dutta, Gurjeet Singh Walia, Richa Arora, Puneet Mehta; promoters held 67.29% at 31 March 2026.
What was the IPO price of Akiko Global Services?
₹77 a share; it listed on 2 July 2024.
What is Akiko Global Services' website?
www.themoneyfair.com
More SME companies like Akiko Global Services
Other listed SME companies in finance, the closest in size first, each read from its own documents.
- Nisus Finance Services CoNISUS · BSE SME · FinanceMarket cap ₹424 cr
- RNFI ServicesRNFI · NSE Emerge · Finance · listed 2024Market cap ₹789 cr
- Usha Financial ServicesUSHAFIN · NSE Emerge · Finance · listed 2024Market cap ₹253 cr
- Ascom Leasing & InvestmentsASCOM · NSE Emerge · Finance · listed 2019Market cap ₹198 cr
- IBL FinanceIBLFL · NSE Emerge · Finance · listed 2024Market cap ₹154 cr
- My Mudra FincorpMYMUDRA · NSE Emerge · Finance · listed 2024Market cap ₹93 cr
Every listed SME company in Finance → · SME companies listed in 2024 →
Built from 3 earnings call transcripts, 3 investor presentations, 2 annual reports, 1 offer document, 1 result filing, 1 press release, 110 exchange announcements, 5 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.