JioBlackRock Broking Secures SEBI Nod to Launch Brokerage Operations in India

Ananya soch: Jio BlackRock Broking Private Limited (JioBlackRock Broking): Jio BlackRock Broking Private Limited (Jio BlackRock Broking), a wholly owned subsidiary of Jio BlackRock Investment Advisers Private Limited, has received final approval from the Securities and Exchange Board of India (SEBI) to commence its brokerage business in India.

This milestone marks a significant step in expanding the JioBlackRock joint venture’s vision of offering comprehensive, technology-led, and affordable investment services to Indian investors. JioBlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services Limited (JFSL) [BSE, NSE: JIOFIN] and BlackRock Inc. [NYSE: BLK].

Following recent regulatory clearances granted to Jio BlackRock Asset Management and JioBlackRock Investment Advisers, this broking license completes the foundational approvals for JioBlackRock to deliver end-to-end investment solutions—from advice to execution.

Marc Pilgrem, Managing Director and CEO of Jio BlackRock Investment Advisers, said:

“We are thrilled to receive SEBI’s approval for JioBlackRock Broking. This brings us closer to empowering Indian investors on their journey from savers to active participants in capital markets. With JioBlackRock Investment Advisers offering personalised guidance and the broking platform enabling self-directed execution, we are building a holistic ecosystem.”

Hitesh Sethia, MD & CEO of Jio Financial Services Limited, added:

“These are exciting times for us. As our asset management arm readies to launch innovative mutual fund offerings, the broking approval marks another crucial milestone. It reinforces our mission to democratise investing in India with easy-to-use, digital-first financial solutions.”

Rachel Lord, Head of International at BlackRock, said:

“JioBlackRock was established to harness technology and deliver accessible, affordable investment opportunities across India. With SEBI now approving all three of our entities, we are ready to offer a full spectrum of investment services to help Indian investors pursue their financial goals.”