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News Topical, Digital Desk : Big information has come about the joint venture of Jio Financial Services and BlackRock. According to the exchange filing, Jio BlackRock Investment Advisers Private Limited (JBIAPL) has received a certificate from the Securities and Exchange Board of India (SEBI) to work as an investment advisor. This approval was issued on June 10, 2025, as reported by Jio Financial Services to the stock exchanges.
The newly registered company will provide personal and informative investment solutions through a digital-first platform, with the aim of democratizing access to wealth management services across the country. Hitesh Sethia, MD and CEO of
Jio Financial Services, said, "Indian investors are now moving towards personal and informative business solutions. This joint venture will bring access to global-class advisory services to the general public. We believe that Jio BlackRock will give a new dimension to the future of making money in India." When did the approval come The approval comes after SEBI allowed Jio BlackRock Mutual Fund to start operations in May 2025, allowing the joint venture to compete in both asset management and advisory sectors. Recently, Jio BlackRock has launched its official website and early access program, where users can view investment-related education content and preview upcoming digital-first products. The company has also announced its executive leadership team. BlackRock COO Rob Goldstein said, "India is one of the world's fastest growing and dynamic investment markets. Jio BlackRock will provide high quality investment advice by combining our global expertise with Jio 's local reach." The company has appointed Mark Pilgram as managing director and CEO of the advisory arm. Pilgram has more than 25 years of global business services experience and has held senior leadership positions at BlackRock. At 2:39 pm on Wednesday, Jio Financial Services shares were trading at ₹ 303.85 on the BSE, up 0.40%.
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