Equirus Group appoints Manish Jain as CEO of Equirus Finance to lead its NBFC operations

Equirus Group has appointed Manishkumar Jain as the CEO of Equirus Finance, its newly launched non-deposit-taking NBFC, the company said on Thursday.

This appointment comes soon after the group received RBI approval to set up the NBFC, marking an important milestone in its expansion.

Jain will lead Equirus Finance and focus on building a diversified lending business. The goal is to create a relationship-driven platform offering customised funding solutions for HNIs, family offices, and promoters. 

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With Equirus Wealth managing over USD 2.2 billion in assets, the new NBFC will help the Group offer a more integrated advisory-and-lending experience.

Jain brings over 20 years of experience from ASK Group, Nuvama, Anand Rathi Global Finance, and Deloitte. He has deep expertise in capital market lending, treasury, structured credit, and leading NBFC operations. A Chartered Accountant, he has also served as CFO at multiple NBFCs and worked closely with wealth teams to offer client-focused credit solutions.

Ajit Deshmukh, Managing Director, Equirus, said, "Jain’s proven leadership capabilities and deep domain expertise make him the ideal leader to build and scale our NBFC business. This appointment is a crucial step in Equirus’ strategy of becoming India’s most trusted financial partner for entrepreneurs, corporates and HNI families in India."

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Manishkumar Jain, CEO of Equirus Finance, said, "The opportunity to build a wealth focused NBFC that seamlessly integrates with Equirus's established platforms is truly exciting. 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."

Equirus Finance will offer customised lending products including Loan Against Securities (LAS), ESOP funding, Market-Linked Debentures (MLDs), structured finance, and other secured credit solutions designed for HNIs, family offices, and promoters.

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