Equirus Group receives RBI approval to launch NBFC; targets Rs 3,000 crore loan book

Equirus Group, a financial services firm, today announced that it has received approval from the Reserve Bank of India (RBI) to launch its non-deposit-taking Non-Banking Financial Company (NBFC) Equirus Finance.

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This marks a pivotal expansion for the Group, aimed at synergies between its established Wealth Management, Investment Banking, and Institutional Equities businesses, offering a seamless continuum of capital solutions for its entire client ecosystem. 

Equirus Finance will offer lending products such as Loan Against Securities (LAS), ESOP financing, Market-Linked Debentures (MLDs), Structured Finance, and other customised secured lending solutions tailored to the needs of High-Net-Worth Individuals (HNIs), family offices, and corporate promoters, across both its wealth and investment banking platforms. 

Commenting on the development, Amit Arora, COO & Managing Director, Equirus, said, “The application review and approval process clearly articulated the rigorous diligence, constructive engagement, and professionalism from the team at Reserve Bank of India. We are happy for the trust & responsibility reposed in our 18-year track record in granting us this license.”

“We have built our reputation on providing insightful advice to our clients; now, with Equirus Finance, we can complement that advice with fund-based services. This integration aligns perfectly with our vision of creating a unified “One Equirus” experience for our clients, whereby the platform provides the capability of expert advisory insights backed by funding capabilities. We align thus move ahead on our Equirus 2.0 strategy of becoming India’s most trusted financial partner for entrepreneurs, corporates, and HNI families in India.” 

Equirus Wealth claims to have an AUM of over $2.2 billion. 

The NBFC will focus on creating an integrated ecosystem, offering credit products alongside investment advisory and portfolio management. This end-to-end platform supports clients across the entire financial spectrum, from wealth creation to liquidity management. The firm said it will maintain a client-centric and advisory-driven approach, avoiding the layers typically associated with retail banking.

Equirus Finance aims to build a diversified loan book of over Rs 3,000 crore in the coming years.