Overview

• Jio-BlackRock Broking has obtained SEBI approval for stockbroking and clearing, marking the joint venture’s entry into full-service broking
• Zerodha co-founder Nithin Kamath hailed the licence as a boost for extending capital-market access beyond India’s roughly 10 crore active investors
• Kamath emphasized that Zerodha will avoid chasing vanity metrics or using manipulative design tactics, prioritizing sustainable, profit-driven growth
• He identified agile first-generation broking startups as the firm’s main competitive challenge rather than well-funded incumbents
• Jio Financial Services aims to leverage its 469 million telecom subscribers and Jio Payments Bank to integrate payments, banking and investing into a unified digital platform