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

Equirus Group, a full-service financial services firm, today announced the appointment of Manishkumar Jain as CEO of Equirus Finance, the Group's newly launched non-deposit-taking non-banking financial company (NBFC).

The appointment comes after the Group received approval from the Reserve Bank of India (RBI) to establish the NBFC.

Jain will spearhead Equirus Finance's and be responsible for building a diversified lending franchise, while establishing the NBFC as a relationship-driven platform offering bespoke funding solutions to high-net-worth individuals (HNIs), family offices, and promoters.

With Equirus Wealth now managing over $2.2 billion in AUM, the NBFC strengthens the Group's ability to deliver an integrated advisory-and-lending experience.

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

He has also served as CFO across NBFCs and collaborated closely with wealth teams to deliver client-centric credit solutions. As a qualified Chartered Accountant from ICAI, he brings technical depth that further strengthens his leadership foundation.

Commenting on the appointment, 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, CEO, Equirus Finance, 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 such as Loan Against Securities (LAS), ESOP financing, Market-Linked Debentures (MLDs), Structured Finance, and other customized secured lending solutions tailored to the needs of High-Net-Worth Individuals (HNIs), family offices, and promoters.

The company is targeting a Rs 3,000 crore high-quality loan book over the next few years.