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Business Jun 11, 2025

Jio BlackRock receives SEBI approval for investment advisory operations

Jio BlackRock, the new joint venture between Jio Financial Services and global giant BlackRock, just got SEBI's approval to work as an investment adviser in India. This follows their earlier mutual fund clearance, so now they can play in both advisory and asset management spaces.

TL;DR

Jio BlackRock is set to transform how Indians invest

With SEBI's go-ahead, Jio BlackRock is jumping into a market hungry for digital-first, personalized financial advice. They're hoping to stand out by blending BlackRock's worldwide know-how with Jio's local reach. The company has already launched its website and early access program—so you can get a first look at what they're building before the full rollout.

Who is Marc Pilgrem?

Marc Pilgrem is stepping in as Managing Director and CEO of the advisory arm. With 25+ years at BlackRock—including senior roles like Head of Specialist Clients—he brings serious experience to help shape how young Indians invest and manage money.