JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, High Net-worth Individuals and retail investors.
The Group has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non-Banking Finance Company) activities, private equity and asset reconstruction. While each of these businesses is independent in itself, the Group's belief of trust being the most important factor for the organization is the common thread that unifies them all. The values of integrity, teamwork, innovation, performance and partnership shape the corporate vision and drive it to its purpose. They also help each of the individual businesses to align their respective goals and objectives to those of the Group.
JM Financial Limited (JM Financial), is the flagship listed company of the Group.
JM Financial is an operating cum holding company and is engaged in various financial services businesses on its own and through its subsidiary and associate companies forming a well-diversified yet integrated financial services group known as JM Financial. JM Financial holds investments in its subsidiaries that are engaged in various businesses, namely, Non Banking Financial Services, Asset Reconstruction, Equity Research, Equity Broking to Institutional and non Institutional Investors, Wealth Management advisory, Mutual Funds Asset Management, etc.
The businesses undertaken by JM Financial Limited are as follows:
Investment Banking Business
JM Financial is one of the oldest merchant bankers in the country and provides wide range of services – capital raising, mergers & acquisitions, private equity and restructuring advisory – to a diversified client base of Indian and multinational corporates in the domestic and international markets. The services revolve around three main offerings.
Private Equity Fund Management Business
JM Financial Limited serves as an investment manager for the Private Equity Funds sponsored by JM Financial
JM Financial India Fund
The Fund is focused on providing growth capital to dynamic, fast-growing, unlisted companies in India. The Fund is a broad based, multi-sector fund that seeks to invest in companies that can leverage the domestic consumption story and the outsourcing opportunity in India. The Fund is focused on investing in retail, FMCG, manufacturing, pharmaceutical, healthcare, financial services, logistics and Business Process Outsourcing (BPO) sectors.
The Fund has committed around 100% of the total commitment across multiple companies in the high-end fashion retail segment, auto-components, farm-equipment, financial services, knowledge process outsourcing (KPO) and offshore logistics sectors and has had many exits.
JM Financial India Trust II
JM Financial India Trust II, a SEBI registered Category II AIF. JM Financial India Trust II (“Fund II”) is established as a trust under the Indian Trust Act, 1882 and registered with the Securities and Exchange Board of India (“SEBI”), under the SEBI (Alternative Investment Funds) Regulations, 2012. Similar to the first Fund, Fund II is an India focused private equity fund, providing growth capital to dynamic and fast growing mid-market companies in India.
Fund II targets to raise a total corpus of Rs. 1,000 Crore and is in the process of raising capital. Currently, the focus is more on domestic fund raising. Potential investors include institutions, families and HNIs, and we are strategically targeting a higher institutional investor base than in Fund I.
The Fund II has received an initial capital commitment from its Sponsor JM Financial Limited of Rs. 100 Crore. Additional capital commitments from other investors have also been received.
The Board of Directors of JM Financial consists of
JM Financial Services represents the Investment Advisory business of JM Financial Group and focusses on Investment Advisory and Wealth Management businesses for non-institutional clients. It provides comprehensive financial planning, research-based investment consulting services and execution capabilities across three asset classes – equities, fixed income and currencies.
The business is organised in three main divisions:
These divisions draw on the full spectrum of the group's resources, research base and expertise to generate investment ideas and develop customised investment solutions for clients. These solutions incorporate a wide range of financial products to meet individual client needs, both short-term and long-term.
The current Board of Directors of JM Financial Services Ltd consists of
JM Financial Institutional Securities Limited conducts Institutional Equities business wherein it offers quality research and analysis-based broking services to its domestic and offshore institutional clients. It is a trading member of the Bombay Stock Exchange Ltd. (BSE) and National Stock Exchange of India Limited (NSE) and also a SEBI registered research analyst. The broad activities covered by the Company include the following:
The Board of Directors of JM Financial Institutional Securities Ltd consists of
Commtrade represents the Commodities Broking Business of the Group.
In the Commodities broking business, the focus is on providing research based advice to clients on bullion, base metals, crude and other soft commodities. The business with its strong research base and excellent execution platform with membership of Multi Commodity Exchange and NCDEX, is well positioned to be a preferred broker for corporates and High Net-worth Individuals. The commodity broking platform is offered to own direct clients as well as clients of franchisees.
The current Board of Directors of JM Financial Commtrade Ltd consists of
JM Financial Products Ltd. (“JMFPL”) is the Non-Banking Finance Company (NBFC) of the JM Financial Group. It is a non-deposit accepting non-banking finance company registered with the Reserve Bank of India. The company enjoys the highest short-term credit rating of A1+ from CRISIL.
During the year, the firm was assigned the rating of “[ICRA] A1+” (highest grading) rating for the Commercial Paper program and “[ICRA] AA / Stable” rating for long term NCD issuances and bank loan rating. CRISIL re-affirmed the “CRISIL A1+” (highest grading) rating for the Commercial Paper program as well its “CRISIL AA / Stable” rating for long term NCD issuances and bank loan rating. The ratings indicate that the ability of the firm in making timely payments of principal and interest as well as high degree of safety of the instruments.
The current Board of Directors of JM Financial Products Ltd consists of
JM Financial Credit Solutions Limited (the Company) is one of the leading NBFC of the JM Financial Group and is registered with the RBI as a Systemically Important Non-Deposit taking NBFC.
The Company is engaged into financing of Commercial Real Estate projects and other corporate financing. Its primary focus is on funding against residential projects that are located in Tier 1 cities like Mumbai, Pune, Bengaluru, Chennai, NCR, Hyderabad and Kolkata.
The following product offerings of the Company have evolved over a period of time based on wide based experiences across geographies and close association with clients:
The current Board of Directors of JMFSCL consists of
The focus of this business is on acquisition of non-performing and distressed assets from banks and financial institutions. The business strategy is a mix of both, portfolio acquisitions as well as single credits. ARC has participated in various portfolio auctions conducted by banks / financial institutions and has also ventured into the retail segment of the distressed debt market by acquiring the stressed credit card portfolio of one of the banks.
The current Board of Directors of JM Financial Asset Reconstruction Company Limited consists of
JM Financial Home Loans represents the housing finance arm of the group. It commenced operations in 2017 with a focus on affordable housing finance. It offers the whole gamut of housing finance products including various kinds of home loans and loans against residential property. It will have strong synergies with the established real estate-focused businesses of the group and will leverage its competencies – service and speed – with technology to develop a successful business model.
The current Board of Directors of JM Financial Home Loans Ltd consists of
JM Financial Home Loans Limited Website – www.jmflhomeloans.com
Infinite represents the Real Estate Fund Management business of the Group. Infinite serves as an investment manager for JM Financial Property Fund.
JM Financial Property Fund was launched in March 2007 and has ever growing AUM. The Fund has invested in residential, hospitality and mixed use development assets at individual project or holding level development companies across Mumbai, Bangalore, Pune, Kolkata and a few leading Tier II cities. The Fund aims at being a value creator by following a disciplined approach towards investing and establishing long term partner status with its portfolio companies. It provides strong value addition to portfolio partners in business development, capital markets strategy, design and project management through a strong in-house team and preferred partnerships
The current Board of Directors of Infinite India Investment Managers Ltd consists of
JM Financial Asset Management represents the Mutual Fund business of the Group. It commenced operations in 1994 and is one of the oldest private sector mutual funds in the country. It has a base of over 16,000 distributors across India, covering multiple locations. Numerous investor service centres across India offer excellent service / support to our customers. This business offers a range of around 12 products across the entire risk-return spectrum, to lakhs of investor folios, both institutional and individual.
The current Board of Directors of JM Financial Asset Management Ltd. consists of:
Trustee was incorporated in June 9, 1994. The company acts as trustees to Mutual Fund, Private Equity and Real Estate funds.
The current Board of Directors of JM Financial Trustee Company Pvt Ltd consists of:
The main objective of the company is to acquire, develop, take in exchange, lease or on hire whether for investment or sale;any movable and/or immovable property. The Company operates as a full-fledged business service centre.
The main revenue of the company is from the business service centre fees, received from the group companies. The Company has appointed an Administrative Manager to look after all administrative matters, Information Technology professionals to take care of the basic IT related services, a Receptionist and a Contractor exclusively engaged in the business of providing security, housekeeping services and routine electrical maintenance.
The current Board of Directors of JM Financial Properties & Holdings Ltd consists of
CR Retail Malls (India) Limited is engaged in leasing commercial real estate property. The company has a property of 65,125 square feet (sq. ft.), which is a seven-screen multiplex theatre with a seating capacity of 2000 people at Phoenix Mills compound, Lower Parel, Mumbai (Maharashtra). The said property is given on a long term lease for 18 years, with a lock-in period of 10 years. JM Financial Group acquired the company in May 2011.
The current Board of Directors of CR Retail Malls (India) Ltd consists of
JM Financial Overseas Holdings Private Limited (JMFOHPL) is a subsidiary of JM Financial Limited.
JMFOHPL was incorporated in 2008, in Mauritius. It is registered with Financial Services Commission as a Global Business License - Category 1 Company and as an Investment Holding Company. In 2010, it was registered as an Investment Advisor. Since then, the company holds an investment advisory license with Financial Services Commission, Mauritius.
The current Board of Directors of JM Financial Overseas Holdings Pvt Ltd consists of
JM Financial Singapore Pte Ltd (JMFSPL), a company incorporated in Singapore, is a subsidiary of JM Financial Overseas Holdings Private Limited. It is a holder of the Capital Markets Services Licence and is regulated by the Monetary Authority of Singapore.
JMFSPL focuses primarily on managing international funds, feeder funds investing in India and bespoke / segregated fund management mandates for high net-worth and institutional clients.
The current Board of Directors of JMFSPL consists of:
JM Financial Securities Inc. (JMFSI), a company incorporated in the state of Delaware, United States of America (USA) is a subsidiary of JM Financial Overseas Holdings Private Limited. JMFSI is a SEC registered broker-dealer and FINRA member.
The current Board of Directors of JM Financial Securities, Inc. consists of
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