Jio Financial Services Ltd has infused Rs 1,999.88 crore into its wholly owned subsidiary, Jio Credit Ltd, reinforcing its strategy to scale a full-stack financial services platform spanning lending, payments, asset management and advisory.
In a regulatory filing, the company said it subscribed to and was allotted 3,35,71,923 equity shares of Rs 10 each at a premium of Rs 585.70 per share. The transaction, completed in cash, strengthens the capital base of Jio Credit, a non-banking financial company (NBFC), to support business operations and expand its lending activities.
The company clarified that the transaction qualifies as a related-party deal due to the parent–subsidiary structure but was executed on an arm’s length basis. It also stated that promoters and promoter group entities have no interest in the transaction beyond the existing shareholding relationship, and no regulatory or governmental approvals were required. Jio Credit was formerly known as Jio Finance Ltd.
The latest infusion follows an earlier capital injection of Rs 1,000.24 crore in March 2025, aimed at reinforcing the NBFC’s balance sheet as it accelerates loan book expansion.
Operationally, Jio Credit has recorded rapid growth. In the third quarter of FY26, gross disbursements doubled year-on-year to Rs 8,615 crore. Net interest income surged 166% to Rs 165 crore, while net profit rose 157% to Rs 59 crore. Assets under management expanded 4.5 times year-on-year to Rs 19,049 crore during the quarter.
At the same time, borrowings increased sharply to Rs 16,192 crore from Rs 1,350 crore a year earlier, underscoring the pace at which the lending portfolio is being scaled.
At the consolidated level, Jio Financial Services reported a net profit of Rs 269 crore for the quarter ended 31 December, reflecting a 9% year-on-year decline amid higher finance costs. Operating revenue rose 105% to Rs 900.9 crore compared with Rs 438 crore in the year-ago period. Consolidated pre-provisioning operating profit increased 7% to Rs 354 crore, while net income from business operations, excluding dividend income, rose to Rs 386 crore.
Beyond its lending vertical, the company has also been deploying capital across asset management and advisory businesses. In December 2025, Jio Financial Services and BlackRock each invested Rs 230 crore into their 50:50 joint ventures. JFS subscribed to Rs 136 crore in Jio BlackRock Asset Management and Rs 93.5 crore in Jio BlackRock Investment Advisers through rights issues to fund business operations.
The continued capital deployment highlights Jio Financial Services’ broader ambition to build scale across its financial ecosystem, with lending positioned as a key growth engine.
