Jio BlackRock Broking Gets SEBI Green Light to Enter Stock Market Arena

Jio Financial Services has received a key regulatory nod for its next big move in financial services. Its joint venture with BlackRock—Jio BlackRock Broking Private Limited—has been granted a certificate of registration to operate as a stock broker and clearing member. The approval, issued by SEBI, marks a major milestone in the JV’s plan to offer full-spectrum broking services in India.

 

Key highlights:

 

- The broking arm was incorporated in January 2025 as a wholly owned subsidiary of Jio BlackRock Investment Advisers.

- The venture is a 50:50 partnership between Jio Financial and BlackRock, with each investing $150 million.

- The broking license follows earlier SEBI approvals for mutual fund and investment advisory operations.

- The platform aims to offer tech-driven, low-cost trading and wealth management services to retail and institutional investors.

- The move aligns with Jio’s broader strategy to democratize access to financial products using its digital infrastructure.

 

This development comes at a time when Jio Financial is expanding rapidly across verticals—from payments and insurance to asset management. With the broking license in hand, Jio BlackRock is now positioned to challenge incumbents in India’s fast-growing retail investing space.

 

Outlook: Expect a digital-first, mobile-native broking platform to launch soon, likely bundled with mutual fund and advisory services. With Jio’s reach and BlackRock’s global expertise, this could reshape how millions of Indians invest.

 

Sources: Rediff MoneyWiz, Economic Times, Angel One