Equirus Group, a leading full‑service financial services firm, has announced the appointment of Mr. Mukesh Malik as an Independent Director on the Board of Equirus Finance, its newly launched non‑deposit‑taking NBFC. The strategic appointment reinforces the company’s governance framework and leadership bench as it builds a diversified lending franchise.
Mr. Malik brings over three decades of experience in banking and financial services, having held senior leadership roles at Bank of America, ABN AMRO Bank, Citibank, and Aditya Birla Capital. His expertise spans retail and corporate banking, technology transformation, digital platforms, risk management, and regulatory compliance across domestic and international markets. A Chartered Accountant from the Institute of Chartered Accountants of India, he also holds a Bachelor of Commerce (Honors) degree from Shri Ram College of Commerce, New Delhi.
Ajit Deshmukh, Managing Director, Equirus, said: “We are delighted to welcome Mukesh Malik to the Board of Equirus Finance. His exceptional track record in scaling financial services operations, coupled with his deep understanding of NBFC businesses, technology infrastructure, and regulatory frameworks, makes him an invaluable addition. His counsel will be instrumental as we build Equirus Finance into a leading wealth‑focused NBFC with the highest standards of governance, risk management, and client service.”
Mukesh Malik added: “I am pleased to join the Board of Equirus Finance at this important phase of its journey. Equirus has built a strong reputation across investment banking, institutional equities, and wealth, and the NBFC is a natural extension of this platform. I look forward to helping build a scalable, well‑governed lending franchise anchored in prudent risk management, robust technology, and a sharp focus on client outcomes.”
Equirus Finance will offer bespoke lending solutions including Loan Against Securities (LAS), ESOP financing, Market‑Linked Debentures (MLDs), Structured Finance, and other customized secured products tailored to HNIs, family offices, and promoters. The company is targeting a ₹3,000 crore high‑quality loan book over the next few years, backed by strong compliance and risk frameworks. The NBFC aims to unlock synergies with Equirus Wealth, creating a unified “One Equirus” experience for clients.
