Jio BlackRock Investment Advisors (JBIAPL), a unit of Jio Financial Services, has received the green signal from SEBI to offer investment advisory services.
SEBI issued the certificate of registration on June 10, and Jio Financial Services has officially informed the stock exchanges.
Now, Investment Advice at Your Fingertips
Jio BlackRock will now offer investment and wealth management advice digitally, making it accessible to people from any part of the country.
According to Hitesh Sethia, MD & CEO of Jio Financial Services:
“Investors in India are looking for personalized and insight-driven solutions. This joint venture will provide world-class advisory services for all types of investors.”
He also said that Jio BlackRock aims to redefine wealth creation in India.
SEBI Had Earlier Cleared Asset Management Services
Before this, in May 2025, SEBI had already allowed Jio BlackRock Mutual Fund to offer asset management services.
The new mutual fund will now compete with giants like HDFC AMC and SBI Mutual Fund.
On June 9, Jio BlackRock launched its official website, which includes:
Educational content for investors
Digital investment tools and services
India’s Investment Market Set for Big Changes
Rob Goldstein, COO of BlackRock, stated:
“India is one of the world’s fastest-growing and most dynamic investment markets. Jio BlackRock will combine Jio’s vast local network with BlackRock’s global experience to offer high-quality investment advice.”
The company has appointed Mark Pilgram as MD & CEO of the advisory unit. Pilgram brings over 25 years of experience in global financial services and has held senior roles at BlackRock earlier.
Jio Financial Shares Stable Despite Big News
Jio BlackRock Investment Advisory is a 50-50 joint venture between Jio Financial Services and BlackRock.
Experts believe that Jio could transform the investment landscape in India, just like it did in telecom. The company plans to offer services for both large and small investors.
Despite the news, Jio Financial shares remained mostly stable, closing at ₹302 on June 11, down just 0.066%.
