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Jio Financial Services names Venkata Narasimham Peri group chief operating officer
MUMBAI: Jio Financial Services is sharpening its operating engine. The company has appointed Venkata Narasimham Peri as group chief operating officer, with the board approving his elevation on December 17 and the role taking effect from December 22.
Peri has been working closely with the leadership team since October 2024 as senior executive advisor, helping the chief executive, chief technology officer and analytics heads lay the groundwork for AI and analytics-led capabilities as the company builds out its financial services ambitions.
With more than 25 years of experience spanning finance, technology and advisory, Peri brings a blend of boardroom strategy and operational execution. He has advised boards and senior executives at firms including IBM, Deloitte and PwC, largely across banking and insurance.
Before joining Jio Financial Services, he founded and led US-based health-tech firm CognitiveCare and later served as chief AI officer at L V Prasad Eye Institute, deepening his credentials at the intersection of data, healthcare and applied artificial intelligence.
As Jio Financial Services scales up, the appointment signals a clear message. In fintech’s next phase, algorithms matter, but operators who know how to deploy them matter more.
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
