JM Financial Limited

JM Financial Limited

One of India’s most prominent financial services group

Investment: 2018 / 2019

Website: www.jmfl.com

JM Financial Limited (JM Financial) is one of India’s most prominent financial services groups, catering to corporations, financial institutions, high net-worth individuals and retail investors. Founded in 1973, JM Financial started as a capital markets player by providing securities broking services to its clients. Over the last 3 decades, JM Financial has grown into a diversified financial services player, with an attractive mix of lending and fee-based businesses.

JM Financial’s business provides exposure across key themes in financial services in India: (1) Distressed Credit: focus on NPA cleanup in the banking system is creating strong growth opportunities for JM which owns the second largest Asset Reconstruction Company in India; (2) Real Estate Financing: growing urbanization, government policy support and demand for specialized structured funding has resulted in JM emerging as one of the fastest growing NBFCs in India; (3) Asset / Wealth Management: increasing affluence and financialization of savings has driven JM to a top-5 position amongst non-bank players; and (4) Affordable Housing Finance / SME Finance: increasing financial penetration is driving strong growth within the segment.