# JM Financial Limited

JM Financial Limited is an Asset Manager based in Mumbai, India.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, Maharashtra, India
- **Founded:** 1973
- **Assets under management:** Undisclosed
- **Website:** www.jmfinancial.com
- **LinkedIn:** https://www.linkedin.com/company/jm-financial-ltd

## Regulatory record

- **CRD number:** 293667
- **SEC file number:** 802-112989
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/293667

## About

JM Financial Limited is an exempt reporting adviser in Mumbai, Maharashtra. It is headquartered in India. The firm advises clients on investment strategies.

## Sectors

- Financial Services
- Real Estate
- Infrastructure
- Private Credit
- Wealth Management

## Offices

- New York
- Singapore
- London
- Dubai

## People

- Nimesh Kampani — Founder
- Amit Bhandari — CEO, JM Financial Group
- Vikas Bajaj — Managing Director, Asset Management

## Questions

### Who runs investment decisions at JM Financial?

Investment decisions are overseen by Amit Bhandari as CEO of the group, with Vikas Bajaj heading the asset management division. The firm's asset management committee includes senior portfolio managers and analysts. Nimesh Kampani remains chairman emeritus with a strategic advisory role.

### How does JM Financial source proprietary deal flow?

JM Financial originates deals through its investment banking division, which has executed over 1,000 transactions in India (per the firm's official website). The firm also accesses proprietary opportunities via its NBFC lending operations and relationships with sovereign wealth funds. Private credit deals often come from distressed and special situations in real estate and infrastructure.

### Does JM Financial participate in fund commitments or only direct deals?

JM Financial uses both structures. Its asset management arm manages mutual funds and alternative investment funds for external investors. The firm also deploys its own balance sheet capital into direct private credit and real estate deals. Co-investments with external partners like ADIA and IFC have been documented in infrastructure projects.

### What investment stages does JM Financial typically target?

JM Financial focuses on growth-stage and structured credit investments in India. In private credit, the firm targets real estate and infrastructure projects at the construction or stabilization phase. The asset management arm also provides mezzanine debt and structured equity. The firm avoids early-stage venture capital.

### Which sectors does JM Financial explicitly avoid?

JM Financial publicly avoids direct investments in alcohol, tobacco, gambling, and speculative real estate. The firm's credit fund has a stated policy against lending to companies with environmental violations. These exclusions are disclosed in the annual report of JM Financial Credit Solutions.

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Last updated: 2026-08-14T12:30:00.000Z

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