Jain will be responsible for the financial control, treasury, budgeting, MIS and risk mitigation activities at Milestone and its subsidiaries, a company release said here.
He will also play a role in growing the Debenture Trustee and NBFC businesses for which Milestone has already secured licences.
Prior to joining Milestone, Jain was the Group CFO at India Infoline Limited (IIFL).
Milestone manages an AUM of Rs 3,200 crore across eight funds covering real estate, bullion products and portfolio management services.