RBI grants NBFC license to Equirus Group
Equirus Group, a leading full-service financial powerhouse, today announced it has received the Reserve Bank of India’s (RBI) approval to launch its non-deposit taking Non-Banking Financial Company (NBFC) — Equirus Finance. This pivotal expansion is designed to create a powerful symbiotic relationship between its established Wealth Management, Investment Banking & Institutional Equities businesses, offering a seamless continuum of capital solutions for its entire client ecosystem.
The launch of Equirus Finance marks a strategic shift for the Group and will add value for its clients. The company aims to provide bespoke lending products like Loan Against Securities, ESOP financing, MLD’s, Structed Finance and other customised secured finance products to its wealth clients & Investment banking clients which include High-Net-Worth Individuals (HNIs), family offices, and corporate promoters. With an AUM of over USD 2.2 billion, Equirus Wealth has a deep understanding of evolving client needs, allowing for sharper integration of funding and advisory services.
Equirus Finance plans to enable financially astute liquidity solutions for its clients thus enhancing the value of their long-term strategic investments. This strategic fitment creates a virtuous cycle: the Wealth Management team identifies client needs, and the NBFC provides tailored capital solutions, thereby deepening the overall client relationship and creating a more holistic service platform.
As a wealth-focused NBFC, Equirus Finance wants to create a powerful, integrated ecosystem that can seamlessly offer high-value credit products alongside their core investment advisory and portfolio management services. This provides a holistic, one-stop solution for a client's entire financial lifecycle, from wealth creation to liquidity management. Unburdened by the vast retail banking machinery, NBFCs can foster a more client-centric and entrepreneurial culture. The focus remains on building deep, advisory-led relationships, which is the cornerstone of the modern wealth management industry.
Equirus Finance will adhere to stringent RBI guidelines, ensuring transparency, robust risk management, and ethical lending practices. The company aims to build a diversified loan book exceeding Rs.3,000 crore in the near future, reinforcing its commitment to becoming a fully integrated financial services provider.
Speaking on the development, Mr. Amit Arora. COO & Managing Director, Equirus Wealth 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 on 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 capability of expert advisory insights backed by funding capabilities. We align thus move ahead on our Equirus 2.0 strategy of becoming Indias most trusted financial partner for entrepreneurs, corporates, and HNI families in India.", he further added.
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