In a major development, Jio BlackRock Investment Advisers Pvt Ltd (JBIAPL) — a joint venture between Reliance Industries and BlackRock, the world’s largest asset manager — has secured SEBI registration to operate as an investment adviser in India. The announcement was made by Jio Financial Services via a regulatory filing to stock exchanges on Wednesday.
“The Securities and Exchange Board of India, vide letter dated June 10, 2025, has granted certificate of registration to JBIAPL to act as an Investment Adviser,” the filing stated.
Jio BlackRock: Rapid Regulatory Approvals
This marks the second major SEBI clearance for the Jio-BlackRock JV in recent weeks. The company had earlier received approval to launch its mutual fund business in India, signaling its aggressive entry into the country’s rapidly growing wealth management space.
To gear up for this expansion, Jio BlackRock Asset Management also unveiled its leadership team and launched an early-access portal for customers earlier this week.
Key Leadership Appointments:
| Name | Position |
|---|---|
| Amit Bhosale | Chief Risk Officer |
| Amol Pai | Chief Technology Officer |
| Biraja Tripathy | Head of Product |
About the Joint Venture
Jio BlackRock Investment Advisers Pvt Ltd (JBIAPL) is a 50:50 joint venture between Mukesh Ambani-led Reliance Industries Ltd (RIL) and BlackRock Inc. The duo aims to democratize investing in India by leveraging Jio’s massive digital ecosystem and BlackRock’s global financial expertise.
- Total JV Investment: ₹84.5 crore
- Latest infusion (2025): ₹66.5 crore (~$7.78 million)
Jio Financial Share Price Trend
Jio Financial Services’ stock continues its bullish run:
| Month | Price Change |
|---|---|
| March | 🔼 9.5% |
| April | 🔼 14% |
| May | 🔼 10% |
| June (till now) | 🔼 5.51% |
On June 11, shares closed 0.02% higher at ₹302.70 on the NSE. The stock has been on a steady uptrend for four consecutive months, driven by strategic moves like the BlackRock JV and expansion into financial advisory services.
