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Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.Edelweiss worked on mergers & acquisitions, providing advisory and investment banking services. Edelweiss also offered equity broking, portfolio management, and wholesale financing services to individuals and corporates.
1996–2004
The company became a merchant bank in 2000. It was also helped start-ups raise funds via the non-IPO route, Venture Capital and Private Equity funds .
2004–2012
During this period Edelweiss added institutional broking and non-banking financial company activity to its portfolio. In 2007, Edelweiss obtained its Clearing Member License. The same year, Edelweiss commenced asset management business with the launch of real estate funds.
In 2007, Edelweiss Global Wealth Management was established to offer wealth structuring solutions, asset protection, asset transfer strategies, risk management and investment banking solutions.In 2008, EdelGive Foundation was established with education and livelihoods as its primary focus areas.In 2010, Edelweiss acquired Anagram Capital, for Rs. 164 crore. In 2011, Edelweiss Tokio Life Insurance was established as a joint venture between Edelweiss and Japanese insurer Tokio Marine. Edelweiss held a 74 per cent stake in the JV.
2012–present
In 2014, Edelweiss Financial Services acquired Mumbai-based asset management company, Forefront Capital Management.In 2016, Edelweiss Asset Management Company completed the acquisition of fund schemes of JP Morgan Asset Management India.In September 2016, Edelweiss Financial Services Ltd also agreed to acquire Ambit Investment Advisors' longshot hedge fund Ambit Alpha Fund.In 2016, Caisse de dépôt et placement du Québec , a pension fund manager in North America, acquired 20 per cent equity stake in Edelweiss Asset Reconstruction Company with a view to investing annually in stressed assets and the specialized corporate credit segment, over a four-year period.In 2022, Edelweiss General Insurance's Group Health Policy includes LGBTQ+ community.
https://en.wikipedia.org/wiki/Edelweiss_Group
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https://finance.yahoo.com/quote/EDELWEISS.NS/profile?p=EDELWEISS.NS
https://www.comparably.com/companies/edelweiss-financial-services/mission
https://www.crunchbase.com/organization/edelweiss
