Jio Financial Services and BlackRock to form JV to enter India's asset management industry
Banking Frontiers|August 2023
Jio Financial Services (JFS) and BlackRock announced a partnership to form Jio BlackRock, a 50:50 joint venture that combines the respective strengths and trusted brands of BlackRock and JFS. The aim is to deliver tech-enabled access to affordable and innovative investment solutions for millions of investors in India.
Jio Financial Services and BlackRock to form JV to enter India's asset management industry

Jio BlackRock brings BlackRock's deep expertise and talent in investment management, risk management, product excellence, access to technology, operations, scale, and intellectual capital around markets, while JFS contributes local market knowledge, digital infrastructure capabilities and robust execution capabilities. Together, the partnership will introduce a new player to the India market with a unique combination of scope, scale, and resources. JFS and BlackRock are targeting initial investment of US$150 million each in the joint venture.

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