Following the regulator (Sebi) nod for mutual fund business in May 2025, Jio BlackRock Asset Management Private Ltd, a 50:50 joint venture between Jio Financial Services Limited and global fund BlackRock, today announced the appointment of its executive leadership team and the launch of its website.

JioBlackRock Asset Management’s leadership team includes Sid Swaminathan, Managing Director and Chief Executive Officer; Amit Bhosale, Chief Risk Officer; Amol Pai, Chief Technology Officer; Biraja Tripathy, Head of Product; Disha Bhandary, Head of Human Resources; Gaurav Nagori, Chief Operating Officer; Hemanti Wadhwa, Head of Legal, Compliance and Secretarial, Chief Compliance Officer and Company Secretary; and Komal Narang, Chief Client Officer.

The company says the new leadership team brings together experience in asset management, digital innovation, and customer-centric product design. It intends to come up with a range of investment products soon. “Over the coming months, JioBlackRock Asset Management intends to launch a range of investment products, including those that apply BlackRock’s industry-leading capabilities in data-driven investing,” says Sid Swaminathan, Managing Director & CEO of JioBlackRock Asset Management.

Additionally, JioBlackRock Asset Management has also announced an early access initiative on its website, inviting individuals to register their interest in JioBlackRock Asset Management’s offerings. "Upon signing up, they can access materials covering the fundamentals of investing, as well as further functionality that will allow them to invest once the offering is launched. It empowers individuals with the knowledge to make informed investment choices," says the company.

Jio BlackRock Asset Management received regulatory approval from the Securities and Exchange Board of India (Sebi) for its mutual fund business to commence operations on May 26, 2025.

Following this, Swaminathan was appointed as the MD and CEO. With over 20 years of asset management experience, Sid was most recently Head of International Index Equity at BlackRock, where he was responsible for an AUM of $1.25 trillion.

Jio Financial Services reported its profit rose 2% year-on-year to ₹316 crore for the quarter ended March 31, 2025. For the full financial year, the company reported a profit of ₹1,613 crore. Total income for the fourth quarter stood at ₹518 crore, up 24% year-on-year. Jio Financial Services’ assets under management stood at ₹10,053 crore as of March 31, 2025, up from ₹173 crore as of March 31, 2024, and ₹4,199 crore as of December 31, 2024. The JFSL group’s physical footprint also grew during the year, with Jio Finance Ltd establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions.