Jio BlackRock Asset Management Private Limited
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Jio BlackRock Asset Management Private Limited - overview
Established
1988
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
Based in India, Jio BlackRock Asset Management specializes in mutual fund investment management, focusing on creating innovative financial solutions for individual and institutional investors. Jio BlackRock Asset Management operates as a joint venture formed in December 2025 between Jio Financial Services Limited and BlackRock, with an investment of INR 2. 29 billion. The company is headquartered in Mumbai, India, and aims to provide comprehensive asset management services.
Sid Swaminathan serves as the CEO, steering the company towards growth in India’s dynamic investment landscape. JioBlackRock Mutual Fund specializes in a comprehensive array of mutual fund investment options tailored to meet the financial objectives of both individual and institutional investors. Their offerings blend global investment expertise with innovative strategies, providing access to various funds that align with different risk levels and investment timeframes. Services include systematic investment plans (SIPs) and other mutual fund schemes, enhancing accessibility and affordability for a diverse clientele comprising retail investors, high-net-worth individuals, and institutional clients in India.
JioBlackRock’s revenue is primarily derived from asset management fees associated with the mutual funds it oversees. Clients invest in mutual funds, receiving shares that represent their ownership in the fund's total assets. Management fees are calculated as a percentage of the assets under management (AUM), typically on a tiered basis based on the total investment amount, allowing JioBlackRock to fund its operational and strategic objectives. Jio BlackRock plans to leverage the recent investment from its joint venture to enhance its asset management capabilities in India, targeting new product launches and market expansions.
The joint venture transaction finalized in December 2025 aims to strengthen their position in India’s investment market. The company is expected to introduce innovative mutual fund products in the coming year, further driving growth as it explores opportunities to expand its reach within specific regions of India.
Current Investors
BlackRock, Jio Financial Services Limited
Primary Industry
Financial Services
Sub Industries
e-Financial, Investment Banking
Website
www.jioblackrockamc.com/
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Jio BlackRock Asset Management Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joint Venture | Completed | Jio BlackRock Asset Management Private Limited | - |
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