Jio Financial Infuses £ 1.346 Crore in Group Arms in FY25 to Fuel Growth | Company Business News

Mumbai: Jio Financial Services Ltd. has administered additional equity of £ 1.346 crore in its group entities in FY25 to “promote future growth aspirations and support the growing scope of the diverse businesses”. The group entities that received the financing include Jio Finance Ltd, Jio Payments Bank Ltd and the Joint Ventures at Blackrock for Asset Management and Wealth Management, the company said as part of its earnings for the fourth quarter of FY25. Jio Financial is the listed Core Investment Company (CIC), which acts as the holding for eleven group entities, including the three joint ventures with the US Blackrock-Jio Blackrock Investment Advisors for the Broking and Wealth Business, Jio Blackrock Asset Management and Jio Blackrock Truste Pvtd for the Municipality Fond Enterprise. The parent said the senior leadership and core business teams are in place for the asset management company, which has submitted his application for final approval in FY25. The company has also developed a united investment platform and deployed infrastructure to start ‘with a defined product road map and a go-to-market strategy’. The company filed an application for a broker license in March 2025, and another under the wealth business for a registered investment advisor license. Growth strategy with these operating lines is the current focus on the mass -widespread and higher income segments, the company said. It defines mass-wilted as clients with an annual revenue of £ 7-25 lakh, wealthy as those with an income of £ 25 to £ 1 crore per year, and individuals with high net worth (HNIS) and ultra HNIs than those with even higher income. “The year has been defined by the launch of Swift product, the distribution of the most important markets and the rapid growth in the Jiofinance app’s user base. In FY26, we will build on this momentum through our integrated data infrastructure and AI-powered analysis to provide the right product to the right customer,” Hitesh Sethia, said. Jio Financial achieved a consolidated net profit of £ 316 crore for Q4 FY25, higher than £ 295 in the previous quarter and £ 311 in the previous year. The profit after Tax for FY25 was £ 1.613 crore, slightly higher than £ 1.605 crore in the previous year, with an increase in staff and operating expenses, and supply, which weighs at the point. Consolidated assets of the company fell 7.8% to £ 1.3 trillion, led by a reduction in the value of investments and cash and bank balance. Assets under the management of the lending and rental business, under Jio Finance Ltd, grew almost 2.5 times to £ 10,053 crore at the end of March 2025.