Edelweiss Group (Officially known as Edelweiss Financial Services Limited) is an

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

and

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

company based in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, India. It is co-founded by

Rashesh Shah Rashesh Shah (born 30 September 1963) is an Indian businessman and the chairman and CEO of the Edelweiss Group, one of India's leading diversified financial services conglomerates. He is also the co-founder of Edelweiss Financial Services Lim ...

and Venkat Ramaswamy. The company is dealing in various financial services ranging from brokerage services to life insurance and general insurance, private equity and other investment-related services through subsidiaries. It has a network of sub-brokers and authorised people across India. It is registered with National Stock Exchange of India,

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

and MCX Stock Exchange. Initially, the company worked on private equity syndication, mergers, acquisitions (M&A) and focused on advisory services. In 2000, the company had capital mark of Rupees 50 million. It acquired Rooshnil Securities in 2017.

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 (VC) and

Private Equity funds A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. ...

(PE).

2004–2012

During this period Edelweiss added institutional broking and non-banking financial company (NBFC) 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 (the company's charitable wing) 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 , is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. ...

. 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 Caisse de dépôt et placement du Québec (CDPQ; ) is an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec. CDPQ was founded in 1965 by an act of the National Assembly, under the go ...

(CDPQ), a pension fund manager in North America, acquired 20 per cent equity stake in Edelweiss Asset Reconstruction Company (EARC) 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.

References

External links