Top News

Jio Financial Services (JFS) has now pumped an investment of ₹1,999.8 Cr in its non-banking financial company (NBFC) arm Jio Credit

The NBFC arm will use the funds to support its business operations. Jio Credit was formerly known as Jio Finance

The news comes at a time when the lending industry is seeing a new push. Earlier this week, Airtel invested ₹20,000 Cr into its NBFC arm Airtel Money

In a bid to further bolster its presence in the rapidly evolving Indian fintech ecosystem, Jio Financial Services (JFS) has now pumped an investment of ₹1,999.88 Cr in its non-banking financial company (NBFC) arm Jio Credit.

In a regulatory filing, the company said it has been allotted 3.36 Cr equity shares of Jio Credit at a face value of ₹10 and a premium of ₹585.70 per share. The NBFC arm will use the funds to support its business operations. Jio Credit was formerly known as Jio Finance Ltd.

The company said the investment is a party transaction but has been carried out on an arm’s length basis.

JFS appears to be stepping up its focus on the credit business as part of its wider plan to build a full-stack financial services platform spanning lending, payments, asset management and advisory.

In Q3 FY26, the NBFC’s gross disbursement doubled YoY to ₹8,615 Cr. Its net interest income jumped 266% YoY to ₹165 Cr, while net profit rose 157% YoY to ₹59 Cr.

Assets under management (AUM) grew 4.5X YoY to ₹19,049 Cr during the quarter. At the same time, borrowing costs surged to ₹16,192 Cr from ₹1,350 Cr a year earlier, reflecting the rapid expansion of its loan book.

In March 2025, the company had infused ₹1,000.24 Cr into its NBFC arm, Jio Finance Limited, to expand its offerings. At the time, the NBFC’s assets under management had grown sharply, reflecting a push to build its loan book.

On a consolidated level, JFS reported a net profit of ₹269 Cr in Q3 FY26, down 9% YoY, as finance costs rose sharply. Operating revenue for the quarter stood at ₹900.9 Cr, up 105% YoY.

The news comes at a time when the lending industry is seeing a new push. Earlier this week, Airtel invested ₹20,000 Cr into its NBFC arm Airtel Money as it eyes to scale its digital lending platform.

Beyond lending, JFS has been investing across verticals. In December 2025, it and BlackRock invested ₹230 Cr each into their two 50:50 joint ventures. JFS put ₹136 Cr into Jio BlackRock Asset Management and ₹93.5 Cr in Jio BlackRock Investment Advisers through separate rights issues, with the capital earmarked for business operations.

The investment advisers JV focuses on advisory and wealth management services. The two partners have also set up a third entity, Jio BlackRock Broking Pvt Ltd, and applied for a broking licence as they expand into brokerage.

Shares of JFS ended today’s trading session 0.31% lower at ₹256.15.