The subsidiary was officially registered on January 23, 2026, with its headquarters located in Mumbai. This new entity will serve as the investment manager for the planned Alternative Investment Fund, in compliance with the SEBI (Alternative Investment Funds) Regulations, 2012.
Jio Financial Services disclosed that it will invest ₹1 crore for the initial subscription of the subsidiary. This investment will occur through the purchase of 10,00,000 equity shares with a face value of ₹10 each from Jio Alternative Investment Manager Ltd.
Also Read: JioBlackRock Asset Management launches Sector Rotation Fund
The company clarified that the incorporation and subsequent investment do not qualify as related party transactions. Additionally, Jio Financial Services stated that no governmental or regulatory approvals are necessary for this investment.
Third Quarter Results
Jio Financial Services Ltd (JFSL) reported a consolidated profit of ₹269 crore for the quarter ending December 31. Total income for this quarter increased to ₹901 crore, up from ₹449 crore a year prior. The consolidated pre-provisioning operating profit rose 7% year-over-year to ₹354 crore, while the net income from operations (excluding dividend income) grew 4% to ₹386 crore.
The company’s lending division continued to expand swiftly. NBFC assets under management surged 4.5 times year-over-year and 29% sequentially to ₹19,049 crore. Gross disbursements during the quarter reached ₹8,615 crore, nearly doubling from the previous year.
Also Read: Reliance Industries Q3 net profit at ₹18,645 crore led by O2C, digital businesses
On Friday (January 23), Jio Financial Services Ltd’s shares closed at ₹252.95, reflecting a decline of ₹9.85, or 3.75%, on the BSE.
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