Edelweiss Financial Services

#5095

Rank

$663.6M

MarketCap IN

IN India

Country

Summary
Edelweiss Financial Services Limited provides financial products and services to corporates, individuals, and institutions in India. The company offers retail credit products, such as home loans, small and medium-sized enterprise and business loans, loans against shares, and agricultural and rural finance; corporate credit products, including structured collateralized credit and wholesale mortgage; and distressed credit. It also provides personal and private wealth management, investment banking, institutional equities services, and investment management; asset management products and services comprising mutual funds and alternate asset advisory services; and asset reconstruction services. In addition, the company offers life and general insurance products. It operates through a network of 300 offices. Edelweiss Financial Services Limited was formerly known as Edelweiss Capital Limited and changed its name to Edelweiss Financial Services Limited in August 2011. The company was incorporated in 1995 and is headquartered in Mumbai, India.

History

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.


Mission
Edelweiss Financial Services strives to be the most trusted partner for capitalizing businesses, generating wealth and enabling prosperity.

Vision
To be the most trusted financial services partner for our clients and to create a positive impact in the communities we serve.

Key Team

Mr. Tarun Khurana (Sr. VP, Company Sec. & Compliance Officer)

Mr. Himanshu Nalin Kaji (Exec. Director)

Mr. Subramanian Ranganathan (Pres)

Revathi Pandit (VP of Corp. Communications)

Shalaka Kagathra (Head of Group Corp. Communications)

Mr. Sanjay Waghani (VP of Investment Banking)

Salil Bawa (Sr. VP of Stakeholder Relations)


Recognition and Awards
Edelweiss has received numerous awards, including the Global Outlook Marketing Award in 2016, the CNBC TV-18 Financial Advisor Award in 2016, the BSE Asia Award for Quality, Excellence, and Performance in 2016, and the NSE Excellence in Risk Management Award in 2013.

References
Edelweiss Financial Services
Leadership team

Mr. Rashesh Chandrakant Shah (Chairman, MD & CEO)

Mr. Venkatchalam Arakoni Ramaswamy (Co-Founder, Co-Head of Global Wealth & Asset Management Bus. and Exec. Vice Chairman)

Ms. Ananya Suneja (Chief Financial Officer)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1995
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
EDELWEISS.NS
Social Media
Sun Mar 03 2024
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