Equirus Group, a full-service monetary companies agency, at the moment introduced the appointment of Manishkumar Jain as CEO of Equirus Finance, the Group’s newly launched non-deposit-taking non-banking monetary firm (NBFC).

The appointment comes after the Group obtained approval from the Reserve Financial institution of India (RBI) to ascertain the NBFC.

Jain will spearhead Equirus Finance’s and be answerable for constructing a diversified lending franchise, whereas establishing the NBFC as a relationship-driven platform providing bespoke funding options to high-net-worth people (HNIs), household workplaces, and promoters.

With Equirus Wealth now managing over $2.2 billion in AUM, the NBFC strengthens the Group’s means to ship an built-in advisory-and-lending expertise.

He joins Equirus Finance with over 20 years of expertise throughout ASK Group, Nuvama (now a PAG Group entity), Anand Rathi World Finance, and Deloitte. He brings deep experience in capital market lending, treasury administration, structured credit score, and NBFC management. He has scaled LAS companies, launched India’s first digital LAS platform, managed Rs 2,500+ crore treasury books, and led structured credit score and MLD initiatives.

He has additionally served as CFO throughout NBFCs and collaborated intently with wealth groups to ship client-centric credit score options. As a professional Chartered Accountant from ICAI, he brings technical depth that additional strengthens his management basis.

Commenting on the appointment, Ajit Deshmukh, Managing Director, Equirus, mentioned, “We’re delighted to welcome Manishkumar Jain to the Equirus household as CEO of Equirus Finance. His confirmed management capabilities and deep area experience make him the perfect chief to construct and scale our NBFC enterprise. This appointment is an important step in Equirus technique of changing into India’s most trusted monetary accomplice for entrepreneurs, corporates, and HNI households in India.”

Manishkumar Jain, CEO, Equirus Finance, mentioned, “I’m honored to affix Equirus Group at this transformative juncture. The chance to construct a wealth-focused NBFC that seamlessly integrates with Equirus’s established platforms is actually thrilling. I sit up for making a client-centric ecosystem that delivers bespoke funding options whereas sustaining the very best requirements of danger administration and regulatory compliance.”

Equirus Finance will supply bespoke lending merchandise similar to Mortgage Towards Securities (LAS), ESOP financing, Market-Linked Debentures (MLDs), Structured Finance, and different personalized secured lending options tailor-made to the wants of Excessive-Internet-Value People (HNIs), household workplaces, and promoters.

The corporate is concentrating on a Rs 3,000 crore high-quality mortgage guide over the following few years.