The 12 closest competitors and alternatives to Jio Financial Services Limited among financial services companies — ranked by similarity to what Jio Financial Services Limited actually does, not by market-cap band.
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Jio Financial Services Ltd (JFSL) is an Indian financial services company, based in Mumbai. Originally a subsidiary of Reliance Industries (RIL), it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023. The company provides financial services, including payment services and insurance broking. Its subsidiary Jio Finance holds an NBFC license from the RBI. Another subsidiary, Jio Payments Bank, is also a payments bank registered in India.
Jio Financial Services Limited is a financial services company headquartered in Mumbai, India. It is publicly listed (JIOFIN) with a market capitalisation of $17.2B.
Ranked by semantic similarity — how close each company is to Jio Financial Services Limited by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Similar financial services company
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bengaluru that caters to financially unserved and under-served segments. Originally commenced as an NBFC by its parent entity Ujjivan Financial Services Limited, the bank provides personal, business, and NRI banking services.
Banking
Jana Small Finance Bank Limited provides banking and financial services to individuals and enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers current and savings accounts; fixed, recurring, and other deposits; and loans, such as two-wheeler, group, business, gold, home improvement, agri group and individual, and home loans, as well as consumer education on loan overdue concepts. It also offers life, general, and health insurance products; cards; and investment and payment services, as well as mobile, internet, and corporate internet banking services. The company was formerly known as Janalakshmi Financial Services Limited and changed its name to Jana Small Finance Bank Limited in March 2018. Jana Small Finance Bank Limited was founded in 1999 and is headquartered in Bengaluru, India.
Similar financial services company
RBL Bank is an Indian private sector bank founded in 1943 and headquartered in Mumbai. It offers personal and business banking products and services across multiple verticals, including corporate banking, savings and current accounts, loans, and credit cards.
Similar financial services company
Operating through its subsidiaries, J Trust Co., Ltd. delivers a broad spectrum of financial services across Japan, South Korea, and Southeast Asia. The company's diverse portfolio includes credit guarantees, debt recovery, consumer and commercial credit provisions, savings bank operations, and investment management. Interestingly, it also holds interests in the entertainment industry. Furthermore, J Trust offers technology-based solutions for domestic and international financial dealings, encompassing cashless and digital banking, and provides deposit-backed credit cards catering to both Japanese citizens and foreign residents. A peer-to-peer lending platform is also part of its operations. Established in 1977, J Trust Co., Ltd. is headquartered in Tokyo, Japan.
Similar financial services company
JBF Bank og Forsikring provides banking, insurance, loans, and savings products to retail and corporate customers in Norway.
Banking
IndusInd Bank Limited is an Indian banking and financial services company based in Mumbai, offering a range of financial products including cards, loans, accounts, and personal banking.
Financial Services / Fintech
Dhani Services Ltd. operates in the financial services, capital markets, and real estate sectors. The company has merged with Indiabulls Limited, directing customers to its updated website and affiliated platforms for loans, payments, and securities services.
Banking
Established in 2007 and headquartered in Navi Mumbai, India, Fino Payments Bank Limited, previously known as Fino Fintech Limited, provides a comprehensive range of financial services across India. This subsidiary of FINO PayTech Limited offers core banking solutions such as savings and current accounts, complete with a sweep account facility, as well as debit and prepaid cards. Its extensive service portfolio includes loan referral programs, various payment options like recharge, bill payments, remittances, and money transfers, alongside advanced payment systems such as mobile banking, UPI, and FASTag products. Additionally, the bank facilitates cash bazar, AADHAAR seeding, and micro ATM services. Further expanding its offerings, Fino Payments Bank distributes health, life, and two-wheeler insurance products, and provides third-party financial product distribution and business correspondent banking services. The bank boasts an impressive reach through its network of 724,671 banking outlets, 54 bank branches, and 130 customer service points.
Banking
RBL Bank is a commercial bank that provides a comprehensive range of financial products and services to retail, corporate, and non-resident Indian (NRI) customers. Its offerings include savings and current accounts, fixed deposits, credit and debit cards, various types of loans, insurance, wealth management, and digital banking solutions.
Fintech
One97 Communications Limited, founded in 2000 and headquartered in Noida, India, operates as a multifaceted digital platform. It delivers an extensive suite of payment, financial, and commerce & cloud solutions to both individual consumers and businesses across India. At its core, the company excels in facilitating payments. This encompasses enabling various online transactions such as mobile recharges, utility bill payments, rent, education fees, wallet top-ups, and money transfers directly through the Paytm application. Users can leverage both external payment options like credit/debit cards and net banking, as well as Paytm's proprietary instruments such as the Paytm Wallet and Paytm Postpaid. Beyond online interactions, it supports in-store payments via QR codes and specialized devices. From a financial perspective, One97 facilitates lending for both consumers and merchants, offers mobile banking services, wealth management, and insurance products. Its commerce and cloud division extends to aggregating digital products and managing robust ticketing services for travel, entertainment, and gaming. The company also supplies voice and messaging platforms to telecommunication providers, enterprises, and various other businesses. Furthermore, it delivers sophisticated software and cloud services tailored for enterprises, telecom firms, and digital/fintech platforms, aiding them in monitoring customer engagement, developing payment systems, and deriving valuable customer insights. Additional merchant services include advertising, loyalty programs (such as deals and gift vouchers), and the capability to sell tickets directly to their clientele. For consumers, One97 serves as a comprehensive lifestyle hub, providing convenient access to services like travel and entertainment booking, and diverse gaming experiences.
Banking
Axis Bank Limited provides various financial products and services in India and internationally. The company operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. It provides fixed, recurring, and safe deposits; and saving, salary, current, safe custody, pension disbursement, and demat and trading accounts. The company also offers home, personal, business, car, two-wheeler, commercial vehicle construction equipment, education, gold, trade, and supply chain loans, as well as loans against securities, fixed deposits, properties, and credit cards; and overdrafts. In addition, it provides credit and debit cards; mutual and debt funds; governmental investment products, such as public provident fund, floating rate saving bonds, and national pension system; digital gold and sovereign gold bonds; digital rupee; insurance services, such as life, general, and health insurance; and various forex products and services. Further, the company offers phone, digital, and mobile banking services, as well as ATM services. Additionally, it provides equity, derivative trading, central funding unit, financial and corporate advisory, NRI, para banking, placements and syndication, project appraisal, capital market, and cash management services. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is headquartered in Mumbai, India.
Banking, Financial Services
HDFC Bank Limited is a prominent financial institution providing a comprehensive suite of banking and financial services, catering to both individual and corporate clients across India, Bahrain, Hong Kong, and Dubai. The bank organizes its operations into several key segments: Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated. Its offerings include a wide array of deposit products such as savings, salary, current, rural, public provident fund, and pension accounts, alongside Demat accounts for investments. Customers can also opt for fixed and recurring deposits, safe deposit lockers, offshore accounts and deposits, overdraft facilities against fixed deposits, and sweep-in options. HDFC Bank extends a diverse range of lending solutions, encompassing personal, home, vehicle (car and two-wheeler), business, educational, gold, consumer, and rural loans. It also provides specialized financing against properties, securities, rental receivables, and assets, as well as tailored loans for professionals and participation in government-sponsored schemes. Furthermore, the bank offers credit card-linked loans, working capital financing, and funding for commercial/construction equipment, healthcare/medical devices, and commercial vehicles. Dealer finance, term loans, and professional loans complete its extensive lending portfolio. Beyond lending, the bank issues credit, debit, prepaid, and forex cards, and facilitates various payment and collection services. These include export, import, remittance, bank guarantees, letters of credit, trade finance, hedging solutions, and comprehensive merchant and cash management services. Clients can also access insurance and investment products through HDFC Bank. For its corporate and institutional clients, HDFC Bank provides short-term finance, bill discounting, structured finance, export credit, loan syndication, and document collection services. The bank embraces digital innovation, offering online, wholesale, mobile, and phone banking, alongside instant payment systems like UPI, IMPS, NEFT, and RTGS. Additional services include channel and vendor financing, reimbursement accounts, money market operations, derivatives, employee trusts, solutions for cash-surplus corporates, tax payment services, and acting as bankers to rights/public issues. It also delivers bespoke financial solutions for supply chain partners and agricultural clients. As of March 31, 2022, HDFC Bank maintained a substantial physical presence, operating 21,683 banking outlets, including 6,342 branches and 18,130 automated teller machines (ATMs) across 3,188 cities and towns. Established in 1994, HDFC Bank Limited is headquartered in Mumbai, India.
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