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Edelweiss Group

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Edelweiss Group
Company typePublic company
IndustryBanking, Financial services
Founded(March 2016)
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Rashesh Shah
ProductsCredit, Life Insurance
Websiteedelweissfin.com

The Edelweiss Group is a financial services conglomerate with a platform which spans five business segments – Credit, Wealth Management, Asset Management, Capital Markets and Insurance.[1] It is not backed up by any major conglomerate.[2] It is headquartered at Edelweiss House in Mumbai. The firm has 433 offices, 1.1 million clients, and over 10,000 employees. The parent company of the group is Edelweiss Financial Services Limited, co-founded by Rashesh Shah, who is also the Chief Executive Officer (CEO) and Chairman.[3] It also has a strong network of sub-brokers and authorised persons across India.

Subsidiaries

  • ECL Finance Limited (ECL Finance)[4]
  • Edelweiss Retail Finance Ltd.[5]
  • Edelweiss Housing Finance Ltd.[6]
  • Edelweiss Asset Reconstruction Company Ltd.[7]
  • Edelweiss Securities Ltd.[8]
  • Edelweiss Global Wealth Management Ltd.
  • Edelweiss Asset Management Ltd.[9]
  • Edelweiss Tokio Life Insurance Company Ltd [10]
  • EdelGive Foundation[11]

References

  1. ^ "How Edelweiss built a business for the long run | Forbes India". Forbes India.
  2. ^ "Forbes".
  3. ^ "Econnomic Times".
  4. ^ "Edelweiss Financial: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Edelweiss Financial - NDTVProfit.com". profit.ndtv.com.
  5. ^ "Edelweiss Retail Finance hopes to raise Rs 500 crore via public issue". 8 March 2018 – via The Economic Times.
  6. ^ "Edelweiss Housing Finance plans to raise ₹500 crore via fully secured NCDs".
  7. ^ Prasad, Shishir (19 March 2018). "All bad loans are created in good times: Siby Antony, Edelweiss Asset Reconstruction Company" – via The Economic Times.
  8. ^ "Edelweiss Securities Ltd.: Private Company Information - Bloomberg". www.bloomberg.com.
  9. ^ https://economictimes.indiatimes.com/wealth/mutual-funds/edelweiss-asset-management-to-enhance-presence-in-north/articleshow/58753354.cms
  10. ^ Reporter, B. S. (13 May 2011). "Edelweiss Tokio Life Insurance gets Irda registration" – via Business Standard.
  11. ^ Menon, Rashmi (19 September 2014). "My husband complements me both professionally and personally, says EdelGive Foundation CEO" – via The Economic Times.