Latest news with #BipinPreetSingh
NDTV
7 hours ago
- Business
- NDTV
"Had Less Than Rs 1 Crore Until 40": MobiKwik CEO's Refreshing Take On Financial Success
The trend of finance influencers promoting unrealistic financial targets, such as accumulating Rs 10 crores or Rs 20 crores in a short period, can have a detrimental effect on the audience. Many young investors, eager to achieve similar success, may invest in high-risk financial products or schemes, potentially leading to significant financial losses. Recently, MobiKwik CEO Bipin Preet Singh, an IIT Delhi alumnus, shared his financial journey, revealing he had less than Rs 1 crore in savings by age 40. However, he emphasised that it ultimately worked out for him. Mr Singh's remarks came after Sensibull CEO Abid Hassan slammed finance influencers promoting unrealistic targets and warned youngsters not to fall for promises of easily achieving Rs 10 crore. Both business leaders advised young people to first focus on their passions and long-term impact, as financial success will follow. "Well said! Young people need to focus on impact and their calling in life the money will follow. Just FYI, till the age of 40, my savings were less than Rs 1 crore, and it's worked out fine," Mr Singh wrote as a response to Sensibull CEO's tweet. See the tweet here: Well said ! Young need to focus on impact and their calling in life the money will follow. Just FYI till the age of 40 my savings were less than Rs 1 crore and its worked out fine. Yes do save and do the SIP but that should be your side show. — Bipin Preet Singh (@BipinSingh) August 19, 2025 Mr Singh added that while saving and investing through Systematic Investment Plans (SIPs) is essential for young entrepreneurs, accumulating wealth shouldn't be their sole focus. The discussion sparked a lively debate about get-rich-quick schemes and the pursuit of financial independence and early retirement (FIRE). One user wrote, "Money isn't everything. Some of the happiest people I know earn modest incomes but have rich lives full of meaning." Another commented, 'Exceptionally well put. In a world increasingly driven by noise and unrealistic benchmarks, this is a much-needed reminder. Financial milestones are personal, and the journey matters far more than performative comparisons." A third said, "The problem isn't 10–20 Cr being aspirational. The problem is influencers making it sound like pocket change to sell you dreams. Same playbook that makes people feel ashamed of small homes, simple trips, or modest dinners. The middle class gets trapped chasing fake riches."
Time of India
7 hours ago
- Business
- Time of India
Don't obsess over Rs 10-20 crore goals but instead...: MobiKwik CEO, a Delhi IIT graduate, confesses he had less than Rs 1 crore in savings till age 40
Money goals are everywhere on social media, and if you scroll long enough, you'll find influencers casually throwing around numbers like Rs 10 or Rs 20 crore as if it's pocket change. But not everyone is buying the hype. Two top startup founders—Abid Hassan of Sensibull and Bipin Preet Singh of MobiKwik—are pushing back, warning young Indians to stop chasing unrealistic financial milestones and instead focus on building skills, careers, and meaningful impact. MobiKwik CEO Bipin Preet Singh shared his own story. A graduate of IIT Delhi, Singh revealed that by the time he turned 40, his savings were still under Rs 1 crore. Yet, that never bothered him. 'Young need to focus on impact and their calling in life; the money will follow,' he wrote. Today, Singh's 14.1% stake in MobiKwik is valued at over Rs 250 crore—proof that success doesn't always come from chasing arbitrary financial milestones but from building value over time. — BipinSingh (@BipinSingh) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo What did Abid Hassan say? Abid Hassan, co-founder of Sensibull, called out the toxic culture of influencers casually tossing around figures like Rs 10 crore or Rs 20 crore as if they're normal benchmarks. In a detailed post on X, he argued that such sums are life-changing for most Indians, even for the upper middle class, and making them seem ordinary is both misleading and damaging. Hassan accused influencers of deliberately creating insecurity so they can sell overpriced courses, crypto scams, or financial 'hacks.' He questioned why people who supposedly achieved financial independence would still spend their time pushing Rs 5,000 courses or shady collaborations instead of simply enjoying life. MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT For him, the real harm lies in how this narrative makes people feel inadequate for not reaching these 'huge' milestones. He urged young people not to compare themselves with others, since doing so only fuels anxiety and poor mental health. Instead, Hassan encouraged focusing on deepening skills, building competence, and pursuing meaningful work rather than chasing quick fixes like a '10-hour masterclass' or credit card optimisation tricks. True success, he said, comes from patience, long-term career growth, and living well—not from being pressured into unrealistic financial targets. He closed by reminding readers that it's okay if they haven't figured out how to hit Rs 10 or Rs 20 crore yet. Life is a long game, and the focus should be on learning, upskilling, and enjoying the journey instead of obsessing over arbitrary numbers.
Hindustan Times
11 hours ago
- Business
- Hindustan Times
MobiKwik CEO says he had less than ₹1 crore in savings till the age of 40
MobiKwik CEO Bipin Preet Singh has joined the chief executive of Sensibull in urging India's youth to focus on skill development rather than get-rich-quick schemes. Singh, a graduate of IIT Delhi, said that he had less than ₹1 crore in savings by the time he reached the age of 40 – but he did not let the fact bother him. In the end, it turned out okay. MobiKwik CEO Bipin Preet Singh is a graduate of IIT Delhi. Singh was responding to a post from Sensibull CEO Abid Hassan, who took to X this morning to slam influencers who trivialise ₹10 crore as an easily-achievable target. Hassan warned youngsters not to believe finance influencers promoting unrealistic financial goals. MobiKwik CEO's take on getting rich Responding to Hassan's post on unrealistic financial goals, Singh wrote: 'Well said! Young need to focus on impact and their calling in life the money will follow.' He spoke from personal experience. Singh said he had less than ₹1 crore until he reached the age of 40. 'Just FYI till the age of 40 my savings were less than ₹1 crore and its worked out fine. Yes do save and do the SIP but that should be your side show,' he posted on X. He added that young entrepreneurs should definitely save and invest through SIPs, but getting rich should not be their goal. A debate on net worth Abid Hassan had shared a similar take. He spoke out against the way new-age influencers casually talk about massive sums of money such as ₹10 crore or 20 crore, saying it creates unnecessary insecurity and fuels scammy financial products. The post had sparked a lively discussion on get-rich-quick courses and the FIRE dream (financial independence and retire early). 'Problem isn't 10–20 Cr being aspirational. The problem is influencers making it sound like pocket change to sell you dreams,' wrote one X user. 'Money isn't everything. Some of the happiest people I know earn modest incomes but have rich lives full of meaning,' another opined.
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Business Standard
04-07-2025
- Business
- Business Standard
One MobiKwik share price rises 2% on Sebi nod to operate as stock broker
One MobiKwik share price: One MobiKwik share price rose as much as 1.94 per cent to hit an intraday high of 252 per share on the last trading day of the week, i.e. Friday, July 4, 2025. At 9:35 AM, One MobiKwik shares continued to trade higher, up 0.73 per cent at 249 per share. In comparison, BSE Sensex was trading flat at 83,242.44 levels. Why did One MobiKwik share price rise today? Shares of One MobiKwik rose after its wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), secured regulatory approval from the Securities and Exchange Board of India (Sebi) to operate as a Stock Broker and Clearing Member. Sebi granted the certificate of registration on July 1, 2025, allowing MSBPL to engage in equity trading, clearing, and settlement activities. Bipin Preet Singh, co-founder, MD and CEO, One MobiKwik, said, "The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.' The development marks a strategic step in MobiKwik's evolution from a digital payments firm into a full-stack fintech platform. The company now caters to over 176.4 million users and 4.6 million merchants, with growing verticals in credit and wealth distribution. Its wealth offerings include Mutual Funds, SIPs, FDs, Digital Gold, and This is MobiKwik Group's second major regulatory milestone this quarter. In April, its subsidiary Zaak ePayment Services received RBI authorisation to operate as an Online Payment Aggregator. The Sebi approval is expected to accelerate MobiKwik's expansion into capital markets and strengthen its position as a comprehensive fintech player. About One MobiKwik One MobiKwik Systems Ltd. is among India's leading digital financial services platforms, offering a comprehensive suite of payment and financial products for both consumers and merchants. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has grown to serve over 176.4 million registered users and 4.6 million merchants. The company's core offerings include the MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay, its integrated payment gateway. Beyond payments, MobiKwik has expanded into financial services, providing credit solutions such as ZIP and ZIP EMI, as well as savings and investment products like Fixed Deposits, Mutual Funds, Digital Gold, and Insurance offerings are also available on its platform, reinforcing MobiKwik's position as a diversified fintech player.
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Business Standard
03-07-2025
- Business
- Business Standard
MobiKwik's subsidiary receives Sebi approval to act as stock broker
MobiKwik Securities Broking (MSBPL), a wholly-owned subsidiary of fintech firm MobiKwik, on Thursday said the company received regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a stock broker and clearing member. The firm said SEBI issued the certification of registration to the firm on 1 July. This now allows MSBPL to conduct activities such as buying, selling, dealing, clearing and settlement of equity trades. 'This licence strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem, reinforcing its transformation into a comprehensive fintech platform,' the company said in a release. The Ministry of Corporate Affairs had approved the incorporation of the securities broking arm of the firm in March. The company had said that it plans to become a member of various stock and commodity exchanges in the country and abroad. "The stock broking licence marks a significant milestone for us as we enter the Indian equity markets... With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat,' said Bipin Preet Singh, co-founder, managing director (MD) and chief executive officer (CEO), MobiKwik. Earlier in April, Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
