Mukesh Ambani’s Jio Financial Services (JFSL) has decided to turn up the heat. In a major move today, the company announced a massive 2,000 crore cash infusion into its subsidiary, Jio Credit Limited.
If you’ve been tracking the “Jio effect” in telecom and retail, this latest development suggests that the billionaire is now aiming for the gold medal in India’s lending race.
The 2,000 Crore Gambit
In a regulatory filing on Thursday, JFSL revealed that it has subscribed to over 3.35 crore equity shares of Jio Credit at a premium. While the face value of each share is just 10 rs, the company paid a premium of 585.70 per share.
Why does this matter to you?
This capital is strictly for “business operations.” It means Jio Credit is gearing up to hand out more loans—potentially focusing on consumer durables, personal loans, and merchant lending.
With access to millions of data points from the Jio telecom and retail ecosystem, Jio Credit has a massive head start in figuring out who is creditworthy.
Jio-BlackRock: The Wealth Revolution is Here
It’s not just about loans. Earlier this month, the Jio-BlackRock joint venture officially launched its “Personalised Investment Advice” platform.
In a classic Jio move to “democratize” finance, the service is being offered at a disruptively low cost of ₹350 per year. For those with bigger portfolios (above ₹1 lakh), the fee is just 0.35% annually.
“We want to transform India from a nation of savers to a nation of confident investors,” the company stated during the launch.
The JV has already crossed the 1 million investor mark, with a surprising 40% of users coming from smaller “B-30” cities, proving that the appetite for digital wealth management is no longer just a “big city” phenomenon.
Market Watch: Steady Amid the Storm
As of today, the share price is hovering around 256–260 rupees. While the Q3 profit saw a slight 9% dip (largely due to high setup costs for new businesses), the total income nearly doubled to 901 crore.
The Road Ahead: What’s Next?
The company isn’t stopping at loans and mutual funds. Recently, Jio Financial Services received SEBI approval. Aimed at savvy investors looking to play market cycles. Strategic moves into life and general insurance are reportedly in the works with the Allianz Group.
Jio Financial Services is no longer just a “stock to watch”; it’s becoming a full-blown financial powerhouse.
