Equirus Group, a full-service financial services firm, has announced the appointment of Manishkumar Jain as Chief Executive Officer of Equirus Finance, the Group’s newly launched non-deposit-taking NBFC.
The appointment follows the Reserve Bank of India’s approval for the NBFC, marking a significant milestone in Equirus Group’s expansion journey.
As CEO, Jain will spearhead the NBFC’s operations, building a diversified lending franchise and positioning Equirus Finance as a relationship-driven platform offering bespoke funding solutions to High-Net-Worth Individuals (HNIs), family offices, and promoters.
Jain brings over 20 years of experience across ASK Group, Nuvama (PAG Group), Anand Rathi Global Finance, and Deloitte. His expertise spans capital market lending, treasury management, structured credit, and leadership of NBFCs. He has scaled LAS businesses, launched India’s first digital LAS platform, managed treasury books exceeding ₹2,500 crore, and led structured credit and MLD initiatives.
A qualified Chartered Accountant from ICAI, Jain has also served as CFO across NBFCs, collaborating closely with wealth teams to deliver client-centric credit solutions.
Ajit Deshmukh, Managing Director, Equirus, said, “We are delighted to welcome Manishkumar Jain to the Equirus family as CEO of Equirus Finance. His 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.”
Manishkumar Jain said, “I am honored to join Equirus Group at this transformative juncture. 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 bespoke lending products, including Loan Against Securities (LAS), ESOP financing, Market-Linked Debentures (MLDs), Structured Finance, and other customized secured lending solutions. The company aims to build a ₹3,000 crore high-quality loan book over the next few years, supported by a robust compliance and risk framework.
With Equirus Wealth managing over $2.2 billion in AUM, the NBFC strengthens the Group’s ability to deliver an integrated advisory and lending experience.
