Jio Financial Services Limited (JFS) is a holding company that was demerged from Reliance Industries Limited in 2023. The company aims to democratize financial services for 1.42 billion Indians by providing simple, affordable, and innovative digital-first solutions. Its business model is built on leveraging the technological capabilities and extensive customer ecosystem of the Jio and Reliance Retail brands. JFS plans to operate across multiple financial verticals, including consumer and merchant lending, insurance broking, asset management (through a joint venture with BlackRock), and digital payments, positioning itself as a full-service financial services player.

Founded in

India