NBFC operations: Equirus Group appoints Manishkumar Jain as CEO

Financial services firm Equirus Group on Thursday announced the appointment of Manishkumar Jain as the chief executive officer of Equirus Finance, its newly launched non-deposit-taking NBFC, days after receiving approval from the Reserve Bank of India (RBI).Jain will lead the NBFC’s expansion and build a diversified lending franchise focused on high net-worth individuals (HNIs), family offices and promoters, the company said. According to PTI, Ajit Deshmukh, Managing Director at Equirus, said Jain’s “proven leadership capabilities and deep domain expertise make him the ideal leader to build and scale the NBFC business”.Jain said the opportunity to build a wealth-focused NBFC integrated with Equirus’ existing 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,” he added.