Jio Financial Services infuses Rs 2,000 crore into its lending arm Jio Credit

Jio Financial Services Ltd (JFS) has infused fresh capital into its lending arm, reinforcing its push to scale a full-stack financial services platform spanning credit, payments, asset management and advisory.

In a regulatory filing, the company said it has subscribed to and been allotted 3,35,71,923 equity shares of Rs 10 each in its wholly owned subsidiary, Jio Credit Ltd, at a premium of Rs 585.70 per share. The cash transaction aggregates to Rs 1,999.88 crore

 Jio Credit, a non-banking financial company (NBFC), will utilise the funds to support its business operations and expand its lending activities.

The company clarified that none of its promoter or promoter group entities have any interest in the transaction beyond the parent–subsidiary relationship, and no governmental or regulatory 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, when JFS had strengthened the NBFC’s balance sheet to support a rapid expansion of its loan book.

In the third quarter of FY26, Jio Credit’s gross disbursement doubled year-on-year to Rs 8,615 crore. Net interest income rose 166% to Rs 165 crore, while net profit increased 157% to Rs 59 crore. Assets under management grew 4.5 times year-on-year to Rs 19,049 crore during the quarter.\

At the same time, borrowings rose sharply to Rs 16,192 crore from Rs 1,350 crore a year earlier, indicating the pace at which the loan book is being built.

At the consolidated level, JFS reported a net profit of Rs 269 crore for the quarter ended 31 December, down 9% year-on-year, as finance costs increased. Operating revenue stood at Rs 900.9 crore, up 105% from Rs 438 crore in the year-ago period. Consolidated pre-provisioning operating profit rose 7% year-on-year to Rs 354 crore. Net income from business operations, excluding dividend income, grew 320% to Rs 386 crore.

Beyond lending, JFS has been deploying capital across other financial verticals. In December 2025, it and BlackRock invested Rs 230 crore each into their two 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 separate rights issues, with the capital earmarked for business operations.