Jio Financial Services (JFSL) is a core investment company. The company was originally incorporated as Reliance Strategic Investments on July 22, 1999, under the Companies Act 1956. Subsequently, the name of the Company was changed to Reliance Strategic Investments and a fresh certificate of incorporation was issued on January 14, 2002. Thereafter, pursuant to a scheme of demerger with Reliance Industries, the name of the Company was further changed to ‘Jio Financial Services’ and a fresh certificate of incorporation was issued on July 25, 2023.

Business area of the company

Jio Financial Services is a new-age institution providing full-stack financial services to customers, enabling them to borrow, transact, save and invest seamlessly. Its digital-first model aims to ensure the holistic financial well-being of Indian citizens. Through the JioFinance app, JFSL provides a range of services including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more.

JFSL’ consumer-facing entities: 

• Jio Credit: Jio Credit, the NBFC of JFSL, is revolutionising India’s lending landscape, addressing its diverse and evolving borrowing needs through a digital-first, customer-centric model.
• Jio Insurance Broking: Jio Insurance Broking, a Direct Broker licensed by the Insurance Regulatory and Development Authority of India (IRDAI), is addressing the country’s protection gap through a differentiated, tech-enabled distribution model.
• Jio Payment Solutions: Jio Payment Solutions (JPSL) stands at the forefront of India’s digital payment revolution, delivering a comprehensive suite of omnichannel payment solutions tailored for businesses of all sizes and individual consumers.
• Jio Leasing Services: Jio Leasing Services offers operating lease solutions to consumers and businesses as a Device-as-a-service (DaaS) model. The model involves embedding a leasing solution along with installation, maintenance and/or support of digital equipment and devices. 
• Jio Finance Platform and Service: Jio Finance Platform and Service (JFPSL) anchors JFSL group’s digital-first customer strategy by hosting and managing the JioFinance app, the unified gateway to a broad suite of financial products.
• Jio Payments Bank: Jio Payments Bank is reshaping everyday banking through a digital-first model that blends technology, trust and accessibility. The Bank offers a seamless and secure suite of banking solutions designed to meet the evolving financial needs of customers.
• JioBlackRock Joint Venture: Jio Financial Services has established a landmark 50:50 joint venture with BlackRock, the world’s largest asset manager, to redefine investment solutions for Indian investors. The partnership spans asset management, wealth management and broking, through three entities -- Jio BlackRock Asset Management, Jio BlackRock Investment Advisers and Jio BlackRock Broking -- respectively.

Achievement:

• 2024: Jio Financial Services, BlackRock Advisors Singapore incorporate joint venture company.
• 2024: Jio Financial Services’ arm invests in Reliance International Leasing IFSC
• 2024: Jio Financial Services acquires additional stake in Jio Payments Bank
• 2024: Jio Financial Services incorporates wholly owned subsidiary
• 2024: Jio Financial Services launches ‘JioFinance’ app in Beta version
• 2025: Jio Financial Services, Allianz Group join hands to serve Indian insurance market
• 2025: Jio Financial Services’ JV's arm gets SEBI’s nod to act as stock broker
• 2025: Jio Financial Services acquires stake in Jio Payments Bank
• 2025: Jio Financial Services’ arm introduces fully digital Loan Against Securities for customers
• 2025: Jio Financial Services, Black Rock invest Rs 63 crore in JV
• 2025: Jio Financial Services subscribes additional equity shares in Jio Payments Bank