Jio Financial Services Invests More in Advisory Business

Fresh Investment in Jio BlackRock Venture

Jio Financial Services (JFS), the financial arm of Reliance Industries, has made a fresh capital infusion into its investment advisory business. The company, in partnership with BlackRock Advisors Singapore, has strengthened its joint venture, Jio BlackRock Investment Advisers Private Limited, with an additional Rs 66.5 crore investment.

As per an official statement, JFS and BlackRock have each subscribed to 6.65 crore shares of face value Rs 10 each in Jio BlackRock Investment Advisers. This latest capital infusion will be utilized to expand business operations, bringing the total investment in the venture to Rs 84.5 crore.

Jio BlackRock Investment Advisers: A Growing Financial Force

Jio BlackRock Investment Advisers Private Limited was established on September 6, 2023, as a 50:50 joint venture between JFS and BlackRock. Its primary focus is providing investment advisory services to Indian consumers. At the time of its launch, JFS had announced an initial investment of Rs 3 crore.

The latest infusion signals JFS’s commitment to scaling its presence in India’s rapidly evolving financial services sector. With the backing of BlackRock, the world’s largest asset manager, Jio BlackRock is poised to offer innovative investment solutions tailored to Indian investors.

Strategic Growth in Financial Services

JFS was formally demerged from Reliance Industries on July 20, 2023, and got listed on the stock exchanges in August 2023. Since its inception, it has aggressively expanded into multiple financial sectors, including lending, wealth management, and now investment advisory services.

Industry experts believe JFS’s aggressive expansion aligns with Reliance’s long-term vision to create a financial powerhouse that integrates technology and financial solutions. The partnership with BlackRock further enhances its capabilities in asset management and advisory services.

Jio Financial Services Stock Performance

On Thursday, JFS stock closed at Rs 230.45 per share on the Bombay Stock Exchange (BSE), reflecting a steady rise in investor confidence. The stock has gained 2% in the past week and over 14% in the last month. However, since the beginning of 2025, JFS shares have experienced a 24% decline, reflecting broader market trends in the financial sector.

Future Outlook

With the fresh infusion of capital, JFS and BlackRock are expected to scale their investment advisory offerings, leveraging digital innovation and financial expertise. Analysts predict that JFS’s continued expansion in financial services will strengthen its market position and create new opportunities for growth in the coming years.

Stay tuned for further updates on Jio Financial Services and its ventures in the financial sector.