Envision Capital's Nilesh Shah bets on OnEMI and Milky Mist for their strong growth potential

What happened

Envision Capital founder Nilesh Shah is bullish on OnEMI Technology Solutions, which runs the Kissht loan platform, and dairy company Milky Mist Dairy Food, citing strong growth and different business models. OnEMI reported quarterly growth of 40-50%.

Confirmed

Global impact / market context

Shah's backing can draw investor attention to these businesses. OnEMI earns money from loans, so its results depend on borrowers repaying and on credit costs staying low. Milky Mist earns all revenue from higher-value dairy products, which may support steadier profit per sale.

Analyst inference

The comments highlight two themes: quick digital lending and premium dairy goods. For lenders like OnEMI, growth must be balanced against loan losses. For dairy firms, shifting sales toward value-added products can lift revenue quality. Shah frames both as growth bets rather than proven large-scale businesses.

Analyst inference

What to watch

1. OnEMI's assets under management, which means the total value of loans it manages, remain small, so its 40-50% growth rate comes from a modest base. Confirmed
2. Watch OnEMI's credit cost, which means the money lost when borrowers fail to repay, and credit quality, since Shah said managing these well could make it a phenomenal business. Analyst inference
3. Track whether Milky Mist keeps generating 100% of revenue from value-added products, which means processed dairy goods rather than plain milk, as that difference is central to Shah's thesis. Proposed

Evidence

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