Equirus Group has announced the appointment of Manishkumar Jain as the Chief Executive Officer of Equirus Finance, the company’s newly launched non-deposit-taking NBFC. The announcement comes shortly after the firm secured regulatory approval from the Reserve Bank of India (RBI).
In his new role, Jain will drive the NBFC’s expansion and develop a diversified lending franchise catering to high net-worth individuals (HNIs), family offices, and promoters, the company said.
According to PTI, Ajit Deshmukh, Managing Director at Equirus, highlighted Jain’s strong track record by stating that his “proven leadership capabilities and deep domain expertise make him the ideal leader to build and scale the NBFC business.”
Jain expressed enthusiasm about taking on the mandate to grow the firm’s wealth-focused lending business, noting that integrating the NBFC with Equirus’ existing platforms presents a significant opportunity. “I look forward to creating a client-centric ecosystem that delivers bespoke funding solutions while maintaining the highest standards of risk management and regulatory compliance,” he said.
