Our Journey

OurJourney

JM Financial Group forayed into the financial sector services as JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS) in Mumbai in 1973. During the journey of over four decades, the group has garnered many a firsts. Over the years, JM Financial has consolidated its position and emerged as a strong and respected diversified financial services player. It has been a steady and remarkable journey leading to growth and success. Some of the key milestones and highlights of the group are listed below.

Reported highest ever quarterly net profit first in Q1FY22 and again in Q3FY22

Launched Bondskart

QIPs - Rs.650 Cr in 2018 and Rs.770 Cr in 2020

Equity fund raise in Real Estate arm of Rs.835 Cr

Public issue of secured NCDs of JM Financial Products Limited (JMFPL)

Acquisition of 2.18 % stake in JMFARC and rights issue of Rs. 200 Cr

First ever public issue of secured NCDs of Rs.750 Cr in JM Financial Credit Solutions Limited

Rights issue of ~Rs.280 crore in JM Financial Asset Reconstruction Company Limited

Announced equity fund raise in JMFCSL of up to Rs.875 crore
2012-till date

Announced partnership in the Real Estate NBFC with an fund, managed by Mr. Vikram Pandit and associates

Established step down subsidiary in the USA to cater to and service overseas clients/investors

Received license for Housing Finance from National Housing Bank (NHB)

Commenced SME Business

Rating upgrade to AA/Stable
2008-2012

Initiated expansion of business in International Jurisdictions

Commenced Asset Reconstruction Business

Expanded operations in Fixed Income Business

Managed India’s first IDR issue
2007

Separated from joint venture with Morgan Stanley

Continued to lead the Indian Investment Banking / Financial Services industry as a 100% Indian Company

Acquired ASK Securities (renamed as JM Financial Institutional Securities), a institutional securities firm

Launched Real Estate Fund
2002-2006

Managed India’s first IPO through Book Building

Recorded three firsts in India - first Indian dual tranche FCCB issue, first billion dollar IPO, first conditional IPO

Launched Private Equity Fund
1999

Formed a joint venture with Morgan Stanley in the areas of Investment Banking and Securities business
1989-1994

JMFICS introduced equity warrants in the Indian Capital Markets

JM Financial Limited listed on the Bombay, Ahmedabad and Delhi Stock Exchanges

JMFICS introduced Deep Discount Bond in Indian Capital Markets

JMFICS managed four transactions of Securities Offerings in excess of Rs. 100 crores each, a size unmatched till then in Indian markets

JM Financial Asset Management, the first private sector Mutual Fund, commenced operations

Tied up with CSFB, S. G. Warburg & Co. Morgan Grenfell and DZ, British Investment Banks on informal basis

JM Financial gets listed with an IPO - IFC Washington acquires a stake at 15%
1986

JM Financial Share & Stock Brokers Limited, now known as JM Financial Limited (holding company), was incorporated to engage in the business of Stock Broking and Securities

Regional office set up in Delhi
1979-1980

JMFICS filed first offer document for listing securities of an Indian client with FSA, London

JMFICS became the first to introduce fully convertible debentures in Indian Capital Markets
1973

JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS), established in Mumbai

2012-till date

2008-2012

2007

2002-2006

1999

1989-1994

1986

1979-1980

1973