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Jupiter
Jupiter is a asset manager based in Mumbai, founded 2018; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts...
Jupiter
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General information
Firm type
Asset Manager
Year founded
2018
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, India
Additional offices
Bengaluru, India
Principals
Jitendra Gupta
Founder & CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Jupiter?
Jupiter's product and strategy decisions are led by founder and CEO Jitendra Gupta. The firm functions as an operating fintech company rather than an asset allocator, so investment decisions concern product development, user acquisition, and capital deployment into its own lending and wealth verticals. Gupta previously founded and exited Citrus Pay to Naspers.
How does Jupiter generate revenue?
Jupiter earns through interchange fees on co-branded credit and debit cards issued with Federal Bank and CSB Bank, origination and servicing fees on personal loans facilitated through NBFC partners including its own NBFC Amica Finance, and distribution fees on mutual funds and digital gold. The firm also collects subscription fees from premium account tiers.
Is Jupiter a bank?
No. Jupiter's parent, Amica Financial Technologies, is not a bank and does not hold a banking license. Customer deposits sit with Federal Bank, an RBI-licensed scheduled commercial bank, and are insured up to ₹5 lakh by DICGC. Jupiter provides the technology layer, rewards program, and customer experience on top of Federal Bank's infrastructure.
What licenses does Jupiter's parent company hold?
Amica Financial Technologies operates through a network of regulated subsidiaries: Amica Payment Services holds an RBI prepaid payment instrument license; Amica Finance holds an NBFC registration; Amica Investment Advisers holds a SEBI investment adviser registration; and Jupiter itself holds a TPAP authorization from NPCI for UPI services.
Does Jupiter operate outside India?
Currently, all Jupiter products and partnerships are built for the Indian market. The platform supports INR-denominated accounts, UPI payments on domestic rails, and Indian tax-resident KYC. The firm maintains offices in Mumbai and Bengaluru with no known international expansion.
How is Jupiter's lending business structured?
Personal loans and credit products are originated through partnerships with RBI-registered NBFCs, including Jupiter's own affiliate Amica Finance. The company acts as a digital lending app and loan service provider, managing origination, underwriting assistance, and servicing while the NBFC partner holds the credit exposure.
Who are Jupiter's key banking partners?
Federal Bank serves as Jupiter's primary banking partner, hosting savings accounts and Visa debit cards. CSB Bank issues the Edge CSB RuPay credit card. The platform also partners with MMTC-PAMP for digital gold custody and Pine Labs for prepaid gift card distribution.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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