JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution capabilities for Indian investors
FinTech BizNews Service
Mumbai, June 27, 2025: Jio BlackRock Broking Private Limited (JioBlackRock Broking), a wholly
owned subsidiary of Jio BlackRock Investment Advisers Private Limited (JioBlackRock Investment
Advisers), has received regulatory approval from the Securities and Exchange Board of India
(SEBI) to commence operations as a brokerage firm in India.
Hitesh Sethia, Managing Director and CEO, Jio Financial Services
JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution
capabilities for Indian investors. The broking entity’s parent company, JioBlackRock Investment
Advisers is a 50:50 joint venture between Jio Financial Services Limited (JFSL) [BSE, NSE: JIOFIN] and
BlackRock Inc. (BlackRock) [NYSE: BLK].
Along with the recent regulatory approvals received by Jio BlackRock Asset Management Private
Limited and JioBlackRock Investment Advisers to commence operations, receipt of the broking license
enables the JioBlackRock joint venture to offer holistic investment solutions to the people of India.
Marc Pilgrem, Managing Director and CEO of Jio BlackRock Investment Advisers Private Limited,
said: “We are delighted to receive SEBI’s final approval for JioBlackRock Broking which moves us closer
to contributing to India’s continued evolution from a nation of savers to a nation of investors. With
JioBlackRock Investment Advisers, we will be able to offer personalised advice to retail investors. Now
with brokerage, we will also bring an execution platform for self-directed investors. “
Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited said: “These are exciting
times for us. Even as JioBlackRock’s Asset Management arm introduces innovative mutual funds to the
market, and JioBlackRock Investment Advisers prepares to launch operations, the approval for the
broking entity adds another dimension to our strategy of democratising investments in India, through
easily accessible and digital-first solutions.”
Rachel Lord, Head of International at BlackRock, said: “JioBlackRock was founded to provide tech enabled access to capital markets, and affordable, innovative investment solutions, to millions of
investors in India. This third approval from SEBI completes the range of offerings of our joint venture.
Through these three entities, JioBlackRock will provide a full suite of investment services, enabling
Indian investors to work towards their financial goals.”
