Kissht parent revenue crosses Rs 1,000 Cr in FY23, maintains profitability

After witnessing a dip in FY21, OnEMi Technologies, the parent entity of consumer lending platform Kissht and digital payment app RING, has managed to impress with its financial performance. The Mumbai-based firm turned profitable in FY22 and during FY23, it crossed Rs 1,000 crore threshold marking a significant jump in topline.

The company’s revenue from operations soared nearly two fold to Rs 1,020.9 crore during the fiscal year ending March 2023 in contrast to Rs 513.6 crore in FY22, as per the company’s consolidated financial statements with the Registrar of Companies.