Edelweiss Group


Edelweiss Group is an investment and financial services company based in Mumbai, India. It is not backed up by any major conglomerate, co-founded by Rashesh Shah.
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 and MCX Stock Exchange. Initially, the company worked on private equity syndication, mergers, acquisitions 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 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.