4 Mn Jiofinance App Downloads, 8 Mn Monthly Active Users
FinTech BizNews Service
Mumbai, 5 August, 2025: The 2nd Annual Report (post listing) of Jio Financial Services Limited (JFSL) for FY2024–25, was released today. The last FY was the first full financial year of operations of JFSL as an independent, listed entity.
Hitesh Sethia, Managing Director & CEO, Jio Financial Services
The Annual Report report, themed “Access Progress Now”, outlines our efforts to make financial services simpler, more accessible and technology-led—serving the evolving needs of a young, ambitious India; and thereby contributing to the nation’s progress.
Key Points
● In just around two years of listing. JFSL has shown strong traction and operational execution with multiple businesses going live and scaling up.
● Even as we scaled up operations, we have remained profitable by focusing on unit economics and adopting a disciplined approach to capital allocation and cost management.
● Through our own ventures, as well as through partnerships with marquee global financial services brands such as BlackRock, and now with the proposed partnership with Allianz, we are bringing world-class financial solutions to the people of India – spanning lending, transactions (payment solutions and payments bank), insurance, asset management, wealth management, and broking.
FY25 Key Highlights:
● Rs2,079 crore in consolidated total income
● Rs1,613 crore profit after tax
● Rs10,094 crore in gross AUM via our lending business
● Rs295 crore in deposits and 2.31 million bank customers
● 4 million+ JioFinance app downloads, 8 million+ monthly active users
● Rs1,346 crore infused into operating entities to support scale and growth
Message from Shri K.V. Kamath, Chairman, Jio Financial Services Limited
● The rise of fintechs underscores the importance of agility and resilience as fundamental drivers for a sustainable financial services model. Next-generation technology, especially the evolving world of Artificial Intelligence (AI), will be a key enabler in ensuring this adaptability and strength.
● New branches of AI, such as Agentic AI, which is capable of autonomous action and decision-making, hold immense potential to define the future of this industry. It can power hyper-personalised financial advice, automate complex back-office operations and detect fraud with unparalleled accuracy, driving efficiency as well as enhanced customer experience.
● For India, this technology can be a game-changer, driving greater financial access with tailored solutions on intuitive digital platforms that are easy to navigate. By leveraging Agentic AI, we can break down traditional barriers, making financial services more accessible and affordable to a wider population.
● We are leveraging technology as a force for good—simplifying financial services and expanding access. The rise of AI and agentic platforms offers an opportunity to build trust, precision and hyper-personalisation at scale.
Message from Ms. Isha M. Ambani, Director, Jio Financial Services Limited:
● The energy and bold aspirations of a young India, combined with the immense potential of emerging technologies, continue to inspire our journey. We envision a future where financial access is not constrained by geography, generational differences or socio-economic background. We imagine a future where every individual has the resources to shape their own destiny.
● JFSL is driven by a simple but powerful belief: that finance should be accessible, personal and empowering for every Indian. Our mission is to empower individuals and businesses to take control of their financial lives through simple, trusted and intelligent solutions.
● Your Company has made meaningful strides in that direction. Millions now engage with our platforms, trusting us with their most important financial needs. Our approach is rooted in digital innovation, aimed at designing customer journeys on par with the best globally. With an intuitive platform like the JioFinance app, we are expanding our reach and helping more Indians transact, borrow, invest and protect with ease.
● Finance must be accessible, personal and empowering. JFSL is not just building a company, but a platform for opportunity and progress for all.
Message from Shri Hitesh Sethia, Managing Director & CEO, Jio Financial Services Limited:
● With technology, talent and trust as our foundation, FY25 was a year of strong execution and scale-up. We are creating an intelligent platform that brings the best of finance and digital innovation to every Indian.
● FY25 was a pivotal year for JFSL, marked by strong execution, operational momentum and encouraging business growth. With the building blocks of technology, talent, governance and processes in place, we made substantial progress last year. Our groundwork translated into tangible outcomes with the accelerating adoption of our digital platform, distribution scale-up and new product launches in quick succession.
● Cutting across our diverse service lines, our focus has been on creating best-in-class user experiences for our customers. Whether it is to avail loans against mutual funds or shares, open a bank account or even buy digital gold, customers can complete their transactions conveniently within minutes, through a hassle-free digital process.
● The growing scale of our operations and disciplined execution during the year reflected in your Company’s operating performance. In FY25, JFSL recorded a total income of Rs2,079 crore and income from core business operations of Rs349 crore. The Company’s profit after tax stood at Rs1,613 crore. The Board has recommended a dividend of Rs0.50 per share of face value Rs10 each, reflecting our long-term outlook and commitment to creating value for all stakeholders.
● By combining the reliability of a financial services firm with the agility of a technology company, we are building JFSL as an institution that will serve India for decades to come by empowering the growth and prosperity of its people.
