Mumbai, Maharashtra, India, June 2025 — Vimal Chauhan has been appointed as the Chief Financial Officer (CFO) at Equirus Group, a prominent mid-market full-service financial services firm headquartered in Mumbai. With over 17 years of experience in financial management across sectors including BFSI, FMCG, retail, manufacturing, and B2B e-commerce, Vimal brings a wealth of expertise to the role as Equirus scales its presence across India’s capital and wealth markets.
In his new role, Vimal will be responsible for overseeing all core financial operations across the group, including finance, treasury, accounting, legal, secretarial, risk management, and internal controls. His appointment is expected to provide strategic direction and financial discipline as the firm expands its investment banking, institutional equities, research, portfolio management, insurance broking, and wealth advisory businesses.
Prior to joining Equirus, Vimal served as Head of Financial Planning & Analysis (FP&A) and Strategic Projects at Home First Finance Company (HFFC), where he led enterprise-wide financial planning and delivered critical business transformation projects. His strategic insight and strong execution capabilities helped align business performance with long-term growth goals.
Previously, he held key finance leadership positions at Food Service India Private Limited as Assistant General Manager – Finance and Work Store Limited (Staples India) as Senior Manager – Finance. Vimal began his career with PwC India, where he spent over four years in audit and assurance, developing strong foundations in compliance, risk, and statutory reporting.
A Chartered Accountant from The Institute of Chartered Accountants of India (ICAI) and a commerce graduate from Kishinchand Chellaram College, Vimal combines financial rigor with cross-sector versatility. His experience across early-stage companies and established corporates makes him well-suited to support Equirus’s continued growth, operational excellence, and financial stewardship.
Equirus
Founded in 2007, Equirus Capital has built a strong reputation in the Indian mid-market space, offering integrated financial services in investment banking, capital markets, equity research, and structured finance. Over the years, it has closed over 150 transactions across M&A and capital raising. Its institutional equities arm covers nearly 200 listed stocks, while its high-performing Portfolio Management Services (PMS) and growing wealth business serve HNIs and affluent clients. Federal Bank holds a 20% stake in the firm, further enhancing its credibility and strategic reach.
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