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.
Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here
The TOI Business Desk is a vigilant and dedicated team of journal...
Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
Read Less
Start a Conversation
Post comment