JM Financial is an integrated financial services group offering a wide range of services to a significant base of clients including corporates, financial institutions, high net-worth individuals as well as retail investors.


The Group has business interests in investment banking, institutional equity sales, trading and research, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC activities and private equity.


JM Financial has an interesting mix of professionals coming from diverse fields. Its people bring talent, knowledge, diversity and passion to bear in its every endeavour.

JM Financial is organised in diverse business groups. Below are brief descriptions of each of its businesses.

The investment banking business is one of the most respected brands in the industry. Our investment banking group achieves the extraordinary for our clients across geographies. The business focusses on capital raising, mergers, acquisitions, restructuring, financial advisory and private equity. Over the years, the investment banking business has won many awards for its excellent advice and execution capabilities.

The Investment Advisory business provides comprehensive financial planning, advisory and execution services to several corporates, high net-worth individuals and retail investors across the country. Through our research and wide network, we act as trusted advisors, designing customised insightful solutions for individual client needs.

JM Financial has entered into a joint venture with one of the leading brokerage firms, ASK Securities India Pvt. Ltd. by acquiring a 60% stake in the company. The joint venture, JM Financial ASK Securities Private Limited, will focus on the Equity Research and Institutional Sales & Trading business.

JM Financial Asset Management is one of India's oldest private sector mutual fund houses which commenced operations in 1994. Our fund house has a series of funds on offer to cater to the different needs of both institutional and individual investors.

The Group's private equity fund - JM Financial India Fund is a USD 225 million private equity fund, focussed on providing growth capital to dynamic, fast growing and unlisted companies in India. The Fund has already closed four investments in the high-end fashion retail segment, auto-components, farm-equipment and financial services sectors. It is a broad based, multi-sector fund that seeks to invest in unlisted domestic companies looking for growth capital. The Fund's focus sectors include Retail/FMCG, Pharmaceuticals/Healthcare, Manufacturing, Financial Services, IT/BPO services, Logistics and Education. The Fund has invested in Genesis Colors, a high-end retail company, Sona group, an auto components company, International Tractors, leading farm-equipment manufacturer and Spandana, a microfinance organisation.

Infinite India Investment Managers, an equal joint venture between JM Financial and SRS, is among the largest dedicated real estate investment management firms in India with plans to invest USD 400 million primarily in residential, commercial and retail sectors. It has been active in Mumbai, Delhi, Chennai, Bangalore, Kolkata and a few emerging tier 2 cities, where it has made entity level investments or partnered with leading local developers to get exclusive access to their ongoing projects. Some of the team's recent investments include: a 32 acre mixed-use development in Mumbai, a 1.8 million sq ft IT park in Chennai, 0.6 million square feet retail site in Vizag, 1 million sq ft group housing projects in Kochi and Trivandrum and entity level investments in leading real estate and hospitality players in Bangalore, Kolkatta and Delhi. We focus on building strong partnerships with leading local developers and providing value addition in capital markets strategy, business development, design and project management through our strong in-house team and preferred partnerships across the world. The fund is backed by JM Financial group.

The commodity broking and trading business has a team of experienced research analysts who track bullions, base metals and other soft commodities. This business with its strong research base and excellent execution platform is well positioned to be a preferred broker in the institutional segment of the market.

JM Financial Products is a non-deposit accepting non-banking finance company (NBFC) registered with the Reserve Bank of India. This business group is engaged in borrowing and lending activities which include margin financing and IPO funding. The company enjoys the highest short term credit rating of P1+ from CRISIL. It has recently commenced the business of securitisation by investing in mezzanine securitisation tranches. This will enable securitisation originators to secure capital relief under RBI securitisation guidelines.

JM Financial Group is entering the asset reconstruction business. Mr. VP Shetty will be heading this business.