About Jio Financial Services Limited (JFSL)

 

Jio Financial Services Limited (JFSL) is a Core Investment Company registered with the Reserve Bank of India and serves as the holding company for a portfolio of consumer-facing financial services businesses that help Indians borrow, transact, invest and protect. Its unified JioFinance app enables access to loans, savings accounts, UPI bill payments, recharges, digital insurance, and financial tracking and management tools on a single platform . The Company was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999, later renamed Reliance Strategic Investments Limited on January 14, 2002, and, pursuant to a scheme of arrangement, became Jio Financial Services Limited on July 25, 2023; it has been listed on BSE and NSE since August 21, 2023 . Headquartered in Mumbai, JFSL operates primarily in India and reports a single operating segment as per Ind AS 108 .

 

The Group operates through subsidiaries and joint ventures to meet four core customer needs:

– Need to Borrow: secured retail lending and corporate solutions.

– Need to Transact: payments infrastructure and digital banking.

– Need to Protect: distribution of life, health and general insurance.

– Need to Invest: asset management, wealth management and broking (JV with BlackRock) .

 

JFSL has  five subsidiaries and joint ventures, including partnerships for a payments bank and for asset, wealth and broking businesses with BlackRock .

 

Key milestones include the Company’s transformation into a listed entity in 2023 and the launch of the JioFinance app as a unified digital storefront to scale access to financial services nationwide .

 

Jio Financial Services Limited (JFSL) Key Management

 

• K. V. Kamath, Non-Executive Chairman

 

• Hitesh Sethia, Managing Director & Chief Executive Officer

 

• Abhishek Haridas Pathak, Group Chief Financial Officer

 

• Mohana V., Group Company Secretary and Compliance Officer

 

• A. R. Ganesh, Group Chief Technology Officer

 

Latest Updates on Jio Financial Services Limited (JFSL)

 

• Digital platform momentum: The JioFinance app was integrated into the MyJio platform in September 2024; average monthly active users across digital properties crossed 8 million in March 2025, and the app recorded over 4 million downloads as of March 31, 2025 .

 

• Lending scale-up: Jio Credit Limited expanded its retail and corporate lending suite (including Home Loans, Loan Against Property, Loan Against Mutual Funds, Loan Against Shares, supply chain and corporate finance), with Assets Under Management reaching Rs 10,053 crore as on March 31, 2025; it also established an on-ground presence in 10 Tier-I cities .

 

• Payments and banking reach: Jio Payments Bank Limited served 2.31 million CASA customers with deposits of Rs 295 crore at the end of FY25, and its Business Correspondent network scaled to over 14,000 .

 

• Strategic consolidation: JFSL acquired State Bank of India’s 14.96% stake in Jio Payments Bank Limited on June 18, 2025, making it a wholly-owned subsidiary of the Company .

 

• Corporate approvals: Shareholders approved an amendment to the Memorandum of Association to include lending (April 17, 2024), authorised issuance of Non-Convertible Debentures up to Rs 6,000 crore (September 25, 2024), approved renaming of Jio Finance Limited to Jio Credit Limited (January 31, 2025), and a rights issue allotment in Jio Credit Limited (March 24, 2025) .

 

• BlackRock partnership: The joint venture with BlackRock advances plans to establish asset management, wealth management and broking services in India .