Jio Credit Limited
About Jio Credit Limited
Data last updated:
Jio Credit Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Industrial Investments And Holdings Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 19 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64990MH2000PLC123731. Its GSTIN is 27AABCR5741D1ZK (Maharashtra).
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹85.5 Cr. It was formerly known as Reliance Retail Ventures Limited and Tex-Style Synthetics Private Limited. It is led by directors including Sunil Mehta and Pradnya Nandkumar Saravade.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹358.38 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹64.64 Lakh (net margin 0.2%) and EBITDA of ₹184.69 Cr (EBITDA margin 51.5%). Revenue has grown at a compounded annual rate (CAGR) of 112% over three years.
The company has about 82 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jio Finance. As per MCA filings, the company has open charges of ₹13,275 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025. Its 8 peer companies in the BFSI industry (NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 4 smaller; the largest is Bajaj Sevashram Private Limited with revenue of ₹594.56 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Jio Credit has undergone 5 name changes throughout its history. The current legal name is Jio Credit Limited.
| Company Name | Status |
|---|---|
| Jio Credit Limited | Current |
| Reliance Retail Ventures Limited | Previous |
| Tex-Style Synthetics Private Limited | Previous |
| Reliance Power Ventures Private Limited | Previous |
| Reliance Power Ventures Limited | Previous |
CIN history
Jio Credit has one previous CIN (Corporate Identification Number): U17110MH2000PLC123731. The current CIN is U64990MH2000PLC123731, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64990MH2000PLC123731 | Current |
| U17110MH2000PLC123731 | Previous |
Contact details
Jio Credit Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Building 4Na Maker Maxity, Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC
To see the full contact details of Jio Credit Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Jio Credit operates one associated brand: Jio Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Loans, insurance, and digital payments are provided as financial services. | jiofinance.in |
Business activity
The main business activity of Jio Credit is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Jio Credit Limited, buy the company report.
Financials of Jio Credit Limited
FY 2025 filings availableJio Credit Limited reported revenue of ₹358.38 Cr (up 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 112% over three years, including 34% growth in the latest year. EBITDA fell 10% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹184.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.5% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Jio Credit Limited, buy the company report.
Board of directors and KMP of Jio Credit Limited
Jio Credit Limited currently reports 6 directors and 2 key managerial personnel. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Mehta Also directs: Jio Financial Services Limited, CMS Info Systems Limited, Juniper Hotels Limited and 4 more | Director | 29 Aug 2023 | 3 Years 2 Months | Current |
| Kusal Roy Also directs: Jio Leasing Services Limited | Ceo | 20 Aug 2024 | 2 Years 2 Months | Current |
| Pradnya Nandkumar Saravade Also directs: Rubicon Research Limited, Asg Hospital Limited | Director | 24 Oct 2024 | 2 Years 0 Months | Current |
| Harini Anand | Cfo | 19 Dec 2023 | 2 Years 10 Months | Current |
| Rama Vedashree | Director | 19 Dec 2023 | 2 Years 10 Months | Current |
| Bimal Manu Tanna Also directs: Jio Leasing Services Limited, Kirloskar Pneumatic Company Limited, Kalpataru Projects International Limited and 4 more | Director | 29 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Jio Credit Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bajaj Sevashram Private Limited | ₹594.56 Cr (FY 2018) | 130.0% | Mumbai, Maharashtra, India | |||
| Electronica Finance Limited | ₹537.15 Cr (FY 2024) | 64.0% | Pune, Maharashtra, India | |||
| KKR India Asset Finance Private Limited | ₹445.91 Cr (FY 2019) | 39.0% | Mumbai, Maharashtra, India | |||
| Snowtex Investment Limited | ₹397.96 Cr (FY 2018) | 533.0% | Kolkata, West Bengal, India | |||
| Jio Credit Limitedthis company | ₹358.38 Cr (FY 2025) | ₹64.64 Lakh | 0.2% | 34.0% | Mumbai, Maharashtra, India | |
| Addlife Investments Private Limited | ₹356.1 Cr (FY 2016) | 9.0% | Ahmedabad, Gujarat, India | |||
| Pan Emami Cosmed Limited | ₹344.56 Cr (FY 2022) | 8.0% | Kolkata, West Bengal, India | |||
| Sarvagram Fincare Private Limited | ₹274.33 Cr (FY 2025) | 74.0% | Pune, Maharashtra, India | |||
| Groww Creditserv Technology Private Limited | ₹202.53 Cr (FY 2025) | Bangalore, Karnataka, India |
To see the full peer comparison of Jio Credit Limited, buy the company report.
Auditor
Jio Credit Limited is audited by Messers Chaturvedi & Shah LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Messers Chaturvedi & Shah LLP | FY 2020 | 101720W/W100355 |
Shareholding
The shareholding of Jio Credit Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jio Credit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2025 | 101200154 | Others | ₹500 Cr | Open | |
| 13 Nov 2025 | 101187636 | Others | ₹750 Cr | Open | |
| 07 Nov 2025 | 101192357 | Others | ₹1,000 Cr | Open | |
| 09 Oct 2025 | 101172002 | State Bank of India | ₹95 Cr | Open | |
| 26 Sep 2025 | 101169500 | Others | ₹500 Cr | Open |
Total charge records: 18 View all charges
Deals & funding
Jio Credit Limited has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹1,000.24 Cr | Investors: Jio Financial Services Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Jio Financial Services Limited Seller: Reliance Industrial Investment & Holdings Limited |
| Sep 2019 | Rights issue | ₹3,305 Cr | Investors: Reliance Industrial Investment & Holdings Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Reliance Industrial Investment & Holdings Limited Seller: Reliance Retail Limited |
| Apr 2006 | Secondary share transfer | Undisclosed | Buyer: Reliance Nutraceuticals Private Limited, Reliance Pharmaceuticals (India) Private Limited Seller: Reliance Industrial Investments and Holdings Limited |
To see the full deal history of Jio Credit Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jio Credit Limited has 6 court cases on record: 3 filed by Jio Credit, 3 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 3 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil suit | Filed against the company | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| NCLT, Hyderabad | Company petition | Filed against the company by individuals | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Jio Credit Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Jio Credit Limited was last rated by Care on 08 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jun 2021 |
To see the full credit ratings and regulatory alerts of Jio Credit Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jio Credit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jio Credit has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR5741D1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jio Credit Limited, buy the company report.
Recent activity
Jio Credit Limited has 33 board changes on record since 2007: 8 appointments and 25 cessations. The latest: Pradnya Nandkumar Saravade ceased to be Additional Director on 09 Sep 2025.
42 earlier events are in the company report.
News
Frequently asked questions
Jio Credit is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 19 January 2000 (26+ years old) and is registered under CIN U64990MH2000PLC123731.
Jio Credit has 8 current directors and KMP:
- Sunil Mehta - Director
- Pradnya Nandkumar Saravade - Director
- Rama Vedashree - Director
- Bimal Manu Tanna - Director
- Sanjay Rangrao Chougule - Director
- Hitesh Kumar Sethia - Director
- Kusal Roy - Ceo
- Harini Anand - Cfo
The latest financial statements of Jio Credit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jio Credit is 27AABCR5741D1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Jio Credit is U64990MH2000PLC123731. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jio Credit has 6 court cases on record: 3 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Jio Credit was incorporated on 19 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Jio Credit has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025.
The peers of Jio Credit by revenue are Bajaj Sevashram Private Limited, Electronica Finance Limited, KKR India Asset Finance Private Limited, Snowtex Investment Limited, Addlife Investments Private Limited and 3 more, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Pradnya Nandkumar Saravade ceased to be Additional Director on 09 Sep 2025. Sanjay Rangrao Chougule ceased to be Additional Director on 09 Sep 2025. Sanjay Rangrao Chougule was appointed as Director on 10 Dec 2024. Jio Credit has 33 board changes on record in total.
The registered office of Jio Credit is at 1st Floor Building 4Na Maker Maxity, Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051.
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