Akiko Global Services Limited (AKIKO)
Q2 FY27 results
📅 Next results: 05 Nov 2026 (board meeting)Akiko Global Services Limited's board meets on 5 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Akiko Global's revenue was ₹68.1 Cr (+130.6% year on year, +18.0% on the previous quarter), and net profit ₹7.0 Cr (+247.3% year on year); the operating margin was 14.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹68.1 | +130.6% | +18.0% |
| Operating profit | ₹10.1 | +145.1% | +28.1% |
| Net profit | ₹7.0 | +247.3% | +27.1% |
| EPS (₹) | 6.40 | +323.8% | +74.4% |
| Operating margin | 14.8% | — | — |
AKIKO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 52.38% of the AKIKO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 81.53%. That is lower than usual for this stock. Turnover was only ₹74 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 75.0% · 70.0% · 80.0% · 89.4% · 52.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Akiko Global Services has received in-principle approval from the National Stock Exchange (NSE) on October 14, 2026, for the listing of up to 3,75,000 equity shares of face value Rs 10 each. These shares are to be allotted to employees upon the exercise of options under the AKIKO Employee Stock Options Plan 2025. The maximum shares under approval represent approximately 3.0% of the company's total outstanding shares (calculated from current market cap of Rs 509 Cr at Rs 407.9/share). Final allotment and trading approvals will take place in due course upon exercise by employees.
- NSE granted in-principle approval for up to 3,75,000 equity shares of face value Rs 10 each
- Shares are issuable under the AKIKO Employee Stock Options Plan 2025
- Approval granted vide NSE letter reference NSE/LIST/57290 dated October 14, 2026
- Potential dilution represents ~3.0% of existing equity base (~1.25 Cr shares)
Akiko Global Services Limited submitted the scrutinizer's report and voting results for its 8th Annual General Meeting held on September 25, 2026. A total of 19 resolutions were considered and approved by shareholders, including adoption of standalone and consolidated financial statements, director re-appointments, and approvals under Sections 185 and 186 of the Companies Act. Across major resolutions, voter turnout was 69.478% of total outstanding shares (74,82,505 votes polled out of 1,07,69,600 shares), passing with over 99.9% approval. Promoter participation was high at 99.862%, while public non-institutional turnout stood at 6.9789%.
- All 19 resolutions passed at the 8th AGM held on September 25, 2026
- Overall voter turnout was 69.478% with 74,82,505 votes polled across 1,07,69,600 shares
- Promoter group polled 72,36,640 votes (99.862% of their holdings) entirely in favour
- Special resolutions under Section 185 and 186 for loans and guarantees passed with 99.9572% approval
Akiko Global Services Limited held its 8th Annual General Meeting on September 25, 2026, with 8 members attending via video conferencing. Key special resolutions tabled included expanding borrowing powers under Section 180(1)(c) up to Rs 150 crore (compared to current debt of Rs 14 crore and net worth of Rs 54 crore), increasing authorized share capital, and modifying the MOA object clause. Additionally, shareholders voted on waiving recovery of excess managerial remuneration paid to key executives between 2024 and 2026. Official e-voting results and scrutinizer reports are pending submission.
- AGM held on September 25, 2026, attended by 8 members via VC/OAVM
- Special resolution tabled to approve borrowing limits under Section 180(1)(c) up to Rs 150 crore
- Proposed waiver of recovery of excess managerial remuneration paid to three directors across FY25-FY26
- Resolutions introduced to amend MOA object clause, increase authorized share capital, and expand ESOP 2025
Akiko Global Services reported an estimated consolidated turnover of ₹27.77 Cr for August 2026, marking a 106% YoY increase from ₹13.49 Cr in August 2025. For the 5-month period of April–August 2026, turnover reached ₹121.97 Cr, up 267% YoY from ₹45.74 Cr in the prior-year period. The cumulative 5-month revenue already accounts for ~58% of the company's TTM revenue of ₹211 Cr and ~85% of FY26 total revenue (₹143.2 Cr).
- August 2026 consolidated turnover reached ₹27.77 Cr, up 106% YoY vs ₹13.49 Cr in August 2025
- Cumulative April–August 2026 turnover surged 267% YoY to ₹121.97 Cr vs ₹45.74 Cr in April–August 2025
- 5-month FY27 turnover of ₹121.97 Cr represents approximately 57.8% of TTM revenue (₹211 Cr)
Akiko Global Services Limited has announced the book closure and remote e-voting timeline for its 8th Annual General Meeting (AGM). The AGM is scheduled to take place virtually on September 25, 2026, at 12:30 PM. The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. The cut-off date to determine shareholder eligibility for e-voting has been set as September 18, 2026.
- 8th Annual General Meeting scheduled for September 25, 2026, at 12:30 PM IST via VC/OAVM
- Book closure period set from September 19, 2026, to September 25, 2026 (both days inclusive)
- Remote e-voting window opens September 22, 2026 (09:00 AM) and closes September 24, 2026 (05:00 PM)
- Cut-off date for determining voting eligibility is fixed as September 18, 2026
Akiko Global Services Limited has issued notice for its 8th Annual General Meeting scheduled for September 25, 2026, via video conferencing. The agenda includes the adoption of FY2025-26 standalone and consolidated financial statements, director re-appointments, and an amendment to add to the main object clause of its Memorandum of Association (MoA). The cut-off date for e-voting eligibility is September 18, 2026, with remote voting open from September 22 to September 24, 2026. Consolidated balance sheet figures show total assets expanded to ₹107.54 Cr (₹10,754.29 lacs) as of March 31, 2026.
- 8th AGM scheduled for Friday, September 25, 2026, at 12:30 PM IST via Video Conferencing
- Remote e-voting window runs from September 22, 2026 (09:00 AM) to September 24, 2026 (05:00 PM)
- Record/cut-off date fixed as Friday, September 18, 2026, for voting rights
- Special resolution proposed for addition to the Main Object Clause of the Memorandum of Association
- Consolidated balance sheet size increased to ₹10,754.29 lacs as of March 31, 2026, compared to ₹6,453.97 lacs in FY25
Akiko Global Services approved a series of key corporate resolutions ahead of its 8th AGM scheduled for September 25, 2026. The Board approved an increase in borrowing limits under Section 180(1)(c) up to Rs 150 Crores, creating substantial leverage headroom compared to its current net worth of Rs 54 Cr and debt of Rs 14 Cr. Additionally, Mr. Ankur Gaba was appointed as Managing Director effective September 2, 2026, while Ms. Priyanka Dutta transitioned to Executive Director. The Board also approved additions to the Main and Ancillary Objects of its MOA/AOA, ESOP trust funding, and waivers for past excess managerial remuneration.
- Approved borrowing limit under Section 180(1)(c) not exceeding Rs 150 Crores (~278% of current Net Worth).
- Appointed Mr. Ankur Gaba as Managing Director effective September 02, 2026, subject to shareholder approval.
- Re-designated Ms. Priyanka Dutta as Executive Director and accepted resignation of Ms. Richa Arora effective September 10, 2026.
- Scheduled 8th Annual General Meeting for September 25, 2026, to seek shareholder approval for MOA/AOA alterations, borrowing limits, and remuneration waivers.
Akiko Global Services has announced a top-level management reshuffle, appointing Mr. Ankur Gaba as Managing Director and redesignating Ms. Priyanka Dutta from MD to Executive Director. Executive Director Ms. Richa Arora has resigned from her role with effect from September 10, 2026. The Board also approved enabling resolutions for borrowing up to ₹150 crore (compared to current net worth of ₹54 crore) and waivers for excess managerial remuneration recovery. Shareholder approval for these resolutions will be sought at the AGM scheduled for September 25, 2026.
- Appointment of Mr. Ankur Gaba as Managing Director with effect from September 02, 2026
- Resignation of Ms. Richa Arora from the post of Executive Director effective September 10, 2026
- Redesignation of Ms. Priyanka Dutta from Managing Director to Executive Director from September 10, 2026
- Approved borrowing limit under Section 180(1)(c) of the Companies Act up to ₹150 Crores
- 8th Annual General Meeting scheduled for September 25, 2026
Akiko Global Services announced key leadership restructuring, appointing Mr. Ankur Gaba as Managing Director effective September 02, 2026, while Ms. Priyanka Dutta transitions to Executive Director. The Board approved an increase in borrowing limits under Section 180(1)(c) up to Rs 150 Crores, representing ~278% of its current net worth of Rs 54 Cr. Additionally, the board approved waivers for the recovery of excess managerial remuneration paid to three directors and scheduled its 8th AGM for September 25, 2026.
- Appointment of Mr. Ankur Gaba as Managing Director w.e.f. September 02, 2026, subject to shareholder approval.
- Approved borrowing limit under Section 180(1)(c) not exceeding Rs 150 Crores.
- Ms. Priyanka Dutta redesignated as Executive Director; Ms. Richa Arora resigns as Executive Director w.e.f. September 10, 2026.
- Approved waiver of recovery of excess managerial remuneration paid to three directors between April 2024 and March 2026.
- 8th Annual General Meeting scheduled for September 25, 2026 via video conferencing.
Akiko Global Services has appointed Ankur Gaba as Managing Director effective September 2, 2026, while current MD Priyanka Dutta transitions to Executive Director and Richa Arora resigns from the board. The board also approved an expansion in borrowing limits under Section 180(1)(c) up to ₹150 Cr, compared to its existing debt of ₹14 Cr and net worth of ₹54 Cr. Additionally, shareholder approval will be sought at the AGM on September 25, 2026, for waivers regarding excess managerial remuneration paid to certain directors in prior years.
- Ankur Gaba appointed as Additional Director designated as Managing Director effective September 2, 2026.
- Priyanka Dutta re-designated from MD to Executive Director, and Richa Arora resigned as Executive Director effective September 10, 2026.
- Approved borrowing limit not exceeding ₹150 Crores under Section 180(1)(c), representing ~278% of current net worth (₹54 Cr).
- Approved waiver for recovery of excess managerial remuneration paid to executive and non-executive directors between FY25 and FY26.
- 8th Annual General Meeting scheduled for September 25, 2026, to vote on director appointments and borrowing powers.
Akiko Global Services announced a leadership realignment with Mr. Ankur Gaba appointed as Managing Director effective September 02, 2026, while Ms. Priyanka Dutta transitions to Executive Director and Ms. Richa Arora resigns as Executive Director effective September 10, 2026. The Board also approved enabling borrowing limits under Section 180(1)(c) of up to Rs 150 Crores, representing ~278% of its current net worth (Rs 54 Cr). Additionally, the Board cleared waivers for recovery of past excess managerial remuneration paid to three directors and approved amendments to its ESOP pool and MOA objects clause, subject to shareholder approval at the AGM on September 25, 2026.
- Appointment of Mr. Ankur Gaba as Managing Director w.e.f. September 02, 2026, replacing Ms. Priyanka Dutta who transitions to Executive Director
- Approved borrowing limit up to Rs. 150 Crores under Section 180(1)(c), compared to existing debt of Rs 14 Cr and Net Worth of Rs 54 Cr
- Approved waiver of recovery for excess managerial remuneration paid to two Executive Directors (FY25-26) and one Non-Executive Director (FY25)
- Resignation of Executive Director Ms. Richa Arora effective September 10, 2026
- Annual General Meeting (AGM) scheduled for September 25, 2026 to seek shareholder approval for these resolutions
Akiko Global Services Limited has scheduled a virtual interaction with analysts and investors on Thursday, August 27, 2026, at 12:00 PM IST. The company confirmed that discussions will strictly be based on publicly available information with no unpublished price-sensitive information (UPSI) shared. This is a routine investor relations update for the Rs 490 Cr market-cap financial distributor.
- Virtual analyst/investor meeting scheduled for Thursday, August 27, 2026, at 12:00 PM IST
- Meeting to be conducted virtually via Zoom video conference
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be discussed
Akiko Global Services announced an estimated consolidated turnover of ₹26.08 Cr for July 2026, marking a 126% YoY growth over ₹11.54 Cr in July 2025. Cumulative turnover for the 4-month period (April-July 2026) reached ₹94.20 Cr, reflecting a 292% YoY surge compared to ₹32.25 Cr in the same period last year. The 4-month revenue represents ~44.6% of the company's TTM revenue of ₹211 Cr, indicating continued top-line growth momentum.
- July 2026 estimated consolidated turnover stood at ₹26.08 Cr vs ₹11.54 Cr in July 2025, up 126% YoY
- Cumulative April-July 2026 turnover reached ₹94.20 Cr compared to ₹32.25 Cr in April-July 2025, up 292% YoY
- 4-month FY27 turnover of ₹94.20 Cr already equals ~65.8% of full-year FY26 revenue (₹143.2 Cr)
Akiko Global Services has reiterated its ambitious FY27 revenue guidance of Rs 300-325 Cr, representing a potential 110-127% growth over FY26 revenue of Rs 143.2 Cr. The company is transitioning to a hybrid fintech model with the launch of its 'AkikoPay' app, targeting 1 million active users by December 2026 to drive recurring revenue. Management confirmed no fundraising plans for the next 6-12 months, citing sufficient internal accruals and bank limits. The company currently operates 25 branches across 19 cities and maintains a monthly loan disbursement volume of approximately Rs 400 Cr.
- FY27 revenue guidance set at Rs 300 Cr to Rs 325 Cr, significantly higher than FY26's Rs 143.2 Cr
- Targeting 10 lakh (1 million) AkikoPay users by December 2026, with the iOS version launching within a week
- Management projects a CAGR of 70% to 100% for the next 3 years
- Current monthly loan disbursements stand at Rs 400 Cr with 15,000+ credit card approvals
- Network expanded to 25 branches across 19 cities, with new locations recently added in Kolkata, UP, and Hyderabad
Akiko Global Services has published the audio recording of its Q1 FY2026-27 earnings conference call held on July 31, 2026. The company, which currently manages Rs 400 Cr in monthly loan disbursements, is in a high-growth phase with TTM revenue of Rs 182 Cr and a 15.1% operating margin. This filing is a procedural step following the disclosure of quarterly results, providing investors access to management's detailed commentary on the 'AkikoPay' Super App and branch expansion plans.
- Earnings conference call for the quarter ended June 30, 2026, conducted on July 31, 2026
- Company manages monthly loan disbursements of approximately Rs 400 Cr
- Strategic target of 1 million active users for the 'AkikoPay' Super App
- Expansion plan involves adding 30 new branches and 100-150 new employees
- Maintains a high staff retention rate of 98% while scaling revenue
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 240% YoY to INR 64.49 Cr in H1 FY26 from INR 18.95 Cr in H1 FY25. The company achieved 97% YoY revenue growth in FY25. Growth is driven by loan aggregation (monthly volume INR 300-400 Cr) and credit card approvals (15,000+ monthly).
Geographic Revenue Split
The company operates across India with ~20,000 kiosks and is expanding into Dubai to strengthen global operations. Specific percentage split by region is not disclosed, but the company is opening 30 new branches across India within two months.
Profitability Margins
EBITDA margins for H1 FY26 stood at 14%, compared to a consolidated EBITDA margin of 15.10% in FY25. The company has maintained profitability every year since inception by leveraging an asset-light operating model.
EBITDA Margin
EBITDA (excluding other income) rose 177% YoY to INR 9.11 Cr in H1 FY26 from INR 3.28 Cr in H1 FY25. The margin of 14% is supported by technology-led efficiencies and disciplined cost management.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company is making calibrated investments in technology infrastructure, AI-generated lead systems, and the 'AkikoPay' Super App to enhance scalability.
Credit Rating & Borrowing
The company reported a Return on Capital Employed (ROCE) of 19.20% in FY25, a decrease from 35.22% in FY24 due to a significant increase in capital employed. Specific borrowing costs and credit ratings were not disclosed.
Operational Drivers
Raw Materials
As a fintech aggregator, the primary 'inputs' are customer leads and data signals (25M+ existing users) and digital marketing across platforms like WhatsApp, SMS, Instagram, and YouTube.
Import Sources
Not applicable as the company is a service-based fintech aggregator sourcing digital leads primarily within India.
Key Suppliers
The company partners with leading Banks and NBFCs to distribute their financial products. While specific partner names are not listed, they act as the primary 'suppliers' of the credit and loan products sold.
Capacity Expansion
Current operations handle INR 400 Cr in monthly loan disbursements and 15,000+ credit card approvals. Expansion includes 30 new branches and 100-150 new employees to meet rising business volumes.
Raw Material Costs
Marketing and lead acquisition costs are the primary operational expenses. The company targets a 'near-zero' Customer Acquisition Cost (CAC) by leveraging its existing 25M+ user database and proprietary CRM.
Manufacturing Efficiency
Efficiency is measured by staff retention (98%) and the ability to scale revenue (240% growth) at a higher rate than headcount expansion.
Logistics & Distribution
Distribution is primarily digital and assisted via call centers. The company is expanding its physical footprint with 30 new branches to support its 'feet-on-street' strategy.
Strategic Growth
Expected Growth Rate
90-100%
Growth Strategy
Growth will be achieved through the launch of the 'AkikoPay' Super App targeting 1M active users, diversification into Insurance (commissions + renewals) and Mutual Funds (trail commissions), and expanding the branch network by 30 units to capture higher loan volumes.
Products & Services
Credit cards, personal loans, business loans, home loans, insurance policies, mutual funds, and UPI payment services.
Brand Portfolio
Akiko Global, The Money Fair, AkikoPay.
New Products/Services
Insurance distribution and Mutual Fund distribution (AUM-based trail commissions) are the primary new verticals expected to create recurring revenue streams.
Market Expansion
Nationwide rollout of 30 new branches in India and expansion of workforce in Dubai within a two-month timeline.
Market Share & Ranking
Not disclosed, but the company aims to become the largest asset financing company in the country.
Strategic Alliances
Partnerships with leading Banks and NBFCs for loan and credit card fulfillment; partnerships with AMCs for mutual fund distribution.
External Factors
Industry Trends
The industry is shifting toward 'Super Apps' and full-stack digital financial platforms. Akiko is positioning itself to move beyond simple aggregation to a comprehensive ecosystem including UPI and AUM-based products.
Competitive Landscape
Competes with other fintech aggregators and traditional distributors; differentiates through a semi-digital model and high staff retention (98%).
Competitive Moat
The moat consists of a proprietary database of 25M+ users with rich credit signals, which allows for 'near-zero' CAC. This is sustainable because it creates a high barrier to entry for new players who must spend heavily on marketing to acquire similar data.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles; rising rates may dampen demand for personal and business loans, affecting the company's commission-based revenue.
Consumer Behavior
Increasing digital adoption for financial products; consumers are moving toward single-app solutions for transacting, insuring, and investing.
Geopolitical Risks
Expansion into Dubai introduces exposure to Middle Eastern regulatory environments and regional economic shifts.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 and SEBI LODR regulations. The company is also pursuing an NBFC license which will subject it to stricter RBI oversight.
Environmental Compliance
Not a significant factor for a fintech services firm; ESG costs were not disclosed.
Taxation Policy Impact
The company is subject to standard Indian corporate tax rates; specific fiscal impacts were not detailed in the provided documents.
Legal Contingencies
The Independent Auditor's Report for FY25 noted that the company's accounting software lacked an audit trail (edit log) facility and that the audit trail was not preserved as per statutory requirements. No other major pending court cases were disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the successful adoption of the AkikoPay Super App and the transition to an NBFC model, which changes the risk profile from capital-light to capital-intensive.
Geographic Concentration Risk
Currently concentrated in India, though the 30-branch expansion and Dubai entry aim to diversify this footprint.
Third Party Dependencies
High dependency on partner Banks and NBFCs for product approval and commission payouts.
Technology Obsolescence Risk
Risk of AI and digital marketing shifts; mitigated by the upcoming launch of AI-generated lead systems and a dedicated Super App.
Credit & Counterparty Risk
Receivables cycle target is 60-70 days; the company faces risk if partner banks delay commission payments during economic downturns.
