Every time Jio steps into a new space, the industry doesn’t just face competition — it gets redefined.
Let’s rewind to 2016.
Jio stormed into India’s telecom sector with free calls and data. The impact? Massive disruption:
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Vodafone and Idea had to merge just to survive.
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Aircel collapsed.
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Tata Teleservices bowed out.
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Prices plunged.
The entire landscape was reshaped — and Jio was at the center of it.
Now, jump to July 2023.
Through Jio Financial Services, a 50:50 partnership was announced with BlackRock — the world’s largest asset manager. The goal? To launch a game-changing asset management company aimed squarely at India’s ₹72 lakh crore mutual fund industry.
Why this is a big deal:
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BlackRock oversees $10.5 trillion globally — nearly three times India’s total GDP.
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This isn’t just about combining money and tech — it’s global financial strength meeting Indian-scale ambition.
The venture is expected to go live in 2025.
If you’re a major player like HDFC, ICICI, or SBI, the writing’s on the wall: Jio isn’t just looking for a piece of the pie — they’re aiming to own the whole bakery.
Yesterday, it was telecom. Today, it’s mutual funds.
Disruption isn’t on the horizon — it’s already underway.