The market regulator issued the certificate on June 10, 2025, according to a regulatory filing made by Jio Financial Services to the stock exchanges.
The newly registered entity will offer personalised, insight-driven investment solutions through a digital-first platform, aiming to democratise access to wealth management services across the country.
Hitesh Sethia, MD & CEO of Jio Financial Services, said: “As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratise access to world-class advisory services. We are confident that Jio BlackRock will redefine the future of wealth creation in India.”
The approval follows SEBI’s earlier greenlight in May for Jio BlackRock Mutual Fund to commence operations, positioning the venture to compete directly with incumbent players in both asset management and advisory verticals.
On Monday, Jio BlackRock launched its official website and early access programme, allowing users to explore educational content on investing and preview upcoming digital-first offerings. The firm also revealed its executive leadership team ahead of its product rollout.
Rob Goldstein, COO of BlackRock, added: “India is one of the fastest growing and most dynamic investment markets in the world. Jio BlackRock combines our global expertise with Jio’s local reach to deliver high-quality investment advice.”
The company has appointed Marc Pilgrem as Managing Director and CEO of the advisory arm. Pilgrem brings over 25 years of global financial services experience and has previously held senior leadership roles at BlackRock, including Head of Specialist Clients and COO of iShares EMEA.
At 2:39 PM, shares of Jio Financial Services were trading at ₹303.85, up 0.40% on the BSE.
