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Informist, Thursday, Oct. 16, 2025

 

--Jio Fincl: Plan to launch several new, third-party products in next qtrs

--CONTEXT: Jio Financial Svcs' mgmt's comments in post-earnings concall  

--Jio Fincl: Other Jio Blackrock JVs go-to-market strategy in place 

 

By Aaryan Khanna and Afra Abubacker

 

NEW DELHI – Jio Financial Services Ltd.'s joint ventures on broking and wealth management with BlackRock Inc. have a go-to-market strategy in place, the management said Thursday. The two businesses – Jio BlackRock Investment Advisers Pvt. Ltd. and Jio BlackRock Broking Pvt. Ltd. – received regulatory approvals in June. One of the joint ventures, Jio Blackrock Asset Management Pvt. Ltd., started operating in June.

 

"The leadership team across these two businesses is now in place, the product roadmap and go-to-market strategy are under active implementation," Chief Executive Officer Hitesh Kumar Sethia said in its post-earnings analyst call. "We will share further updates on these two businesses in the coming quarters." 

 

Earlier Thursday, the financial services holding firm reported its results for the September quarter. The net profit was largely unchanged from the year ago period at INR 6.95 billion, as a rise in total expenses offset the surge in interest income. It reported a total income of INR 10.02 billion, up 44.5% on year.

 

The erstwhile entity of Reliance Industries has scaled up substantially over the past year in various verticals including credit, payments, and functionalising its asset management arm. The management said it aims to scale up the company to become an institution of "national significance". In addition to its digital-first approach to distribute its services, the company is also increasing its strategic physical presence to scale better.

 

"Over the next few quarters, you will see significant expansion of the range of third-party products and services available on our (mobile) app as we seek to bring the best for our customers," the management said. On Thursday, shares of Jio Financial Services ended 0.2% lower at INR 312.10 on the National Stock Exchange.  End

 

Edited by Vandana Hingorani

 

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