Edelweiss Group: Difference between revisions

What links here Related changes Page information Get shortened URL
Created by BrownHairedGirl
Last edited September 2, 2021
VisualWikitext
>BrownHairedGirl
 
imported>Citation bot
Alter: template type, title. Add: title, authors 1-1. Changed bare reference to CS1/2. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 1889/2177
 
(One intermediate revision by one other user not shown)
Line 28: Line 28:
| equity          = {{decrease}}{{INRConvert|6128|c}}<ref name="BalSheet"/>
| equity          = {{decrease}}{{INRConvert|6128|c}}<ref name="BalSheet"/>
| equity_year      = 2020
| equity_year      = 2020
| aum              = {{increase}} {{INRConvert|75000|c}} <ref>https://www.fortuneindia.com/investing/edelweiss-groups-fund-raises-6600-crore/104794</ref>
| aum              = {{increase}} {{INRConvert|75000|c}} <ref>{{Cite web|url=https://www.fortuneindia.com/investing/edelweiss-groups-fund-raises-6600-crore/104794|title = Edelweiss Group fund raises ₹6,600 crore}}</ref>
<!-- | aum_year        = 2020 -->
<!-- | aum_year        = 2020 -->
| num_employees    = ~11,000 (2020)<ref name="BalSheet"/>
| num_employees    = ~11,000 (2020)<ref name="BalSheet"/>
Line 40: Line 40:
'''Edelweiss Group''' (Officially known as '''Edelweiss Financial Services Limited''') is an [[investment]] and [[financial services]] company based in [[Mumbai]], India.<ref>{{cite news|title=How Edelweiss built a business for the long run {{!}} Forbes India|url=http://forbesindia.com/article/boardroom/how-edelweiss-built-a-business-for-the-long-run/39907/1|work=Forbes India}}</ref> It is not backed up by any major [[Conglomerate (company)|conglomerate]],<ref>{{Cite web|url=http://forbesindia.com/article/boardroom/how-edelweiss-built-a-business-for-the-long-run/39907/1|title=Forbes}}</ref> co-founded by [[Rashesh Shah]].
'''Edelweiss Group''' (Officially known as '''Edelweiss Financial Services Limited''') is an [[investment]] and [[financial services]] company based in [[Mumbai]], India.<ref>{{cite news|title=How Edelweiss built a business for the long run {{!}} Forbes India|url=http://forbesindia.com/article/boardroom/how-edelweiss-built-a-business-for-the-long-run/39907/1|work=Forbes India}}</ref> It is not backed up by any major [[Conglomerate (company)|conglomerate]],<ref>{{Cite web|url=http://forbesindia.com/article/boardroom/how-edelweiss-built-a-business-for-the-long-run/39907/1|title=Forbes}}</ref> 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.<ref>{{Cite web|url=https://economictimes.indiatimes.com/magazines/panache/edelweiss-chairman-rashesh-shahs-advice-to-entrepreneurs-give-up-the-startup-energy-to-scale-up/articleshow/61764447.cms|title=Economic Times|date=23 November 2017|website=Economic Times}}</ref> It has a network of sub-brokers and authorised people across India. It is registered with [[National Stock Exchange of India|National Stock Exchange]] of India, [[Bombay Stock Exchange]] and [[MCX Stock Exchange]]. Initially, the company worked on private equity syndication, mergers, acquisitions (M&A) and focused on advisory services.<ref>{{cite web|title=Rashesh Shah: Every setback is an opportunity to recalibrate {{!}} Forbes India|url=http://www.forbesindia.com/article/fourth-anniversary-special/rashesh-shah-every-setback-is-an-opportunity-to-recalibrate/35347/1|website=Forbes India}}</ref> In 2000, the company had capital mark of Rupees 50 million. It acquired Rooshnil Securities in 2017.<ref>{{cite news|last1=Sultana|first1=Nasrin|title=Edelweiss Group acquires Religare’s securities business|url=https://www.livemint.com/Companies/z0VexoFcHq9COV4NjPfSQO/Edelweiss-acquires-Religares-securities-business.html|work=Livemint.com|date=20 December 2017}}</ref>
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.<ref>{{Cite news|url=https://economictimes.indiatimes.com/magazines/panache/edelweiss-chairman-rashesh-shahs-advice-to-entrepreneurs-give-up-the-startup-energy-to-scale-up/articleshow/61764447.cms|title=Economic Times|date=23 November 2017|website=Economic Times|last1=Menon|first1=Rashmi}}</ref> It has a network of sub-brokers and authorised people across India. It is registered with [[National Stock Exchange of India|National Stock Exchange]] of India, [[Bombay Stock Exchange]] and [[MCX Stock Exchange]]. Initially, the company worked on private equity syndication, mergers, acquisitions (M&A) and focused on advisory services.<ref>{{cite web|title=Rashesh Shah: Every setback is an opportunity to recalibrate {{!}} Forbes India|url=http://www.forbesindia.com/article/fourth-anniversary-special/rashesh-shah-every-setback-is-an-opportunity-to-recalibrate/35347/1|website=Forbes India}}</ref> In 2000, the company had capital mark of Rupees 50 million. It acquired Rooshnil Securities in 2017.<ref>{{cite news|last1=Sultana|first1=Nasrin|title=Edelweiss Group acquires Religare's securities business|url=https://www.livemint.com/Companies/z0VexoFcHq9COV4NjPfSQO/Edelweiss-acquires-Religares-securities-business.html|work=Livemint.com|date=20 December 2017}}</ref>


==History==
==History==
Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.<ref>{{cite web|last1=Sinha|first1=Shilpy|title=What makes investors trust their money with these 5 financial supermarkets of India | url = https://economictimes.indiatimes.com/news/company/corporate-trends/what-makes-investors-trust-their-money-with-these-5-financial-supermarkets-of-india/articleshow/54321160.cms |website = The Economic Times |access-date=22 January 2018 |date=14 September 2016}}</ref>
Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.<ref>{{cite news|last1=Sinha|first1=Shilpy|title=What makes investors trust their money with these 5 financial supermarkets of India | url = https://economictimes.indiatimes.com/news/company/corporate-trends/what-makes-investors-trust-their-money-with-these-5-financial-supermarkets-of-india/articleshow/54321160.cms |website = The Economic Times |access-date=22 January 2018 |date=14 September 2016}}</ref>


Edelweiss worked on mergers & acquisitions, providing advisory and investment banking services.<ref>{{Cite web|url=https://in.reuters.com/finance/stocks/company-profile/EDEL.BO|title=Company Profile for ${Instrument_CompanyName}|last=Editorial|first=Reuters|website=IN|language=en|access-date=2019-03-26}}</ref> Edelweiss also offered equity broking, portfolio management, and wholesale financing services to individuals and corporates.<ref name="ndtv.com">{{Cite web|url=https://www.ndtv.com/business/stock/edelweiss-financial-services-ltd_edelweiss/reports|title=Edelweiss Financial: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Edelweiss Financial - NDTV|website=www.ndtv.com|access-date=2019-03-26}}</ref>
Edelweiss worked on mergers & acquisitions, providing advisory and investment banking services.<ref>{{Cite web|url=https://in.reuters.com/finance/stocks/company-profile/EDEL.BO|title=Company Profile for ${Instrument_CompanyName}|last=Editorial|first=Reuters|website=IN|language=en|access-date=2019-03-26}}</ref> Edelweiss also offered equity broking, portfolio management, and wholesale financing services to individuals and corporates.<ref name="ndtv.com">{{Cite web|url=https://www.ndtv.com/business/stock/edelweiss-financial-services-ltd_edelweiss/reports|title=Edelweiss Financial: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Edelweiss Financial - NDTV|website=www.ndtv.com|access-date=2019-03-26}}</ref>
Line 62: Line 62:
In 2014, Edelweiss Financial Services acquired Mumbai-based asset management company, Forefront Capital Management.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/edelweiss-fin-services-acquires-forefront-capital-management-114050100262_1.html|title=Edelweiss Fin Services acquires Forefront Capital Management|last=Reporter|first=B. S.|date=2014-05-01|work=Business Standard India|access-date=2019-03-26}}</ref>
In 2014, Edelweiss Financial Services acquired Mumbai-based asset management company, Forefront Capital Management.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/edelweiss-fin-services-acquires-forefront-capital-management-114050100262_1.html|title=Edelweiss Fin Services acquires Forefront Capital Management|last=Reporter|first=B. S.|date=2014-05-01|work=Business Standard India|access-date=2019-03-26}}</ref>


In 2016, Edelweiss Asset Management Company completed the acquisition of fund schemes of JP Morgan Asset Management India.<ref>{{Cite news|url=https://economictimes.indiatimes.com/wealth/mutual-funds/edelweiss-asset-management-to-acquire-jp-morgans-mutual-fund/articleshow/51513625.cms|title=Edelweiss Asset Management to acquire JP Morgan’s Mutual Fund|date=2016-04-04|work=The Economic Times|access-date=2019-03-26}}</ref>
In 2016, Edelweiss Asset Management Company completed the acquisition of fund schemes of JP Morgan Asset Management India.<ref>{{Cite news|url=https://economictimes.indiatimes.com/wealth/mutual-funds/edelweiss-asset-management-to-acquire-jp-morgans-mutual-fund/articleshow/51513625.cms|title=Edelweiss Asset Management to acquire JP Morgan's Mutual Fund|date=2016-04-04|work=The Economic Times|access-date=2019-03-26}}</ref>


In September 2016, Edelweiss Financial Services Ltd also agreed to acquire Ambit Investment Advisors' longshot hedge fund Ambit Alpha Fund.<ref>{{Cite web|url=http://www.forbesindia.com/article/special/edelweiss-financial-acquires-ambit-alpha-fund/44365/1|title=Edelweiss Financial acquires Ambit Alpha Fund|website=Forbes India|language=en|access-date=2019-03-26}}</ref>
In September 2016, Edelweiss Financial Services Ltd also agreed to acquire Ambit Investment Advisors' longshot hedge fund Ambit Alpha Fund.<ref>{{Cite web|url=http://www.forbesindia.com/article/special/edelweiss-financial-acquires-ambit-alpha-fund/44365/1|title=Edelweiss Financial acquires Ambit Alpha Fund|website=Forbes India|language=en|access-date=2019-03-26}}</ref>
Line 83: Line 83:
[[Category:Indian companies established in 1995]]
[[Category:Indian companies established in 1995]]
[[Category:1995 establishments in Maharashtra]]
[[Category:1995 establishments in Maharashtra]]
 
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]


{{India-company-stub}}
{{India-company-stub}}

Latest revision as of 20:04, 2 September 2021


Edelweiss Group
Traded asBSE: 532922
NSE: EDELWEISS
ISININE532F01054
IndustryFinancial services
FoundedNovember 1995; 30 years ago (November 1995)
Founder(s)sRashesh Shah
Venkat Ramaswamy
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Rashesh Shah
(Chairman & CEO)
Products
RevenueDecrease₹9,602 crore (US$1.3 billion)[1] (2020)
Decrease₹−2,456 crore (US$−340 million)[1] (2020)
Decrease₹−2,045 crore (US$−290 million)[1] (2020)
AUMIncrease ₹75,000 crore (US$11 billion) [2]
Total assetsDecrease₹54,280 crore (US$7.6 billion)[3] (2020)
Total equityDecrease₹6,128 crore (US$860 million)[3] (2020)
Number of employees
~11,000 (2020)[3]
Subsidiaries
Websiteedelweissfin.com

Edelweiss Group (Officially known as Edelweiss Financial Services Limited) is an investment and financial services company based in Mumbai, India.[4] It is not backed up by any major conglomerate,[5] 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.[6] 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 (M&A) and focused on advisory services.[7] In 2000, the company had capital mark of Rupees 50 million. It acquired Rooshnil Securities in 2017.[8]

History[edit | edit source]

Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.[9]

Edelweiss worked on mergers & acquisitions, providing advisory and investment banking services.[10] Edelweiss also offered equity broking, portfolio management, and wholesale financing services to individuals and corporates.[11]

1996–2004[edit | edit source]

The company became a merchant bank in 2000.[12] It was also helped start-ups raise funds via the non-IPO route, Venture Capital (VC) and Private Equity funds (PE).[11]

2004–2012[edit | edit source]

During this period Edelweiss added institutional broking and non-banking financial company (NBFC) activity to its portfolio.[11] In 2007, Edelweiss obtained its Clearing Member License.[13] The same year, Edelweiss commenced asset management business with the launch of real estate funds.

In 2007, Edelweiss Global Wealth Management was established[14] to offer wealth structuring solutions,[buzzword] asset protection, asset transfer strategies, risk management and investment banking solutions.[buzzword][15]

In 2008, EdelGive Foundation (the company's charitable wing) was established with education and livelihoods as its primary focus areas.[16]

In 2010, Edelweiss acquired Anagram Capital, for Rs. 164 crore.[17] 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.[18]

2012–present[edit | edit source]

In 2014, Edelweiss Financial Services acquired Mumbai-based asset management company, Forefront Capital Management.[19]

In 2016, Edelweiss Asset Management Company completed the acquisition of fund schemes of JP Morgan Asset Management India.[20]

In September 2016, Edelweiss Financial Services Ltd also agreed to acquire Ambit Investment Advisors' longshot hedge fund Ambit Alpha Fund.[21]

In 2016, Caisse de dépôt et placement du Québec (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.[22]

See also[edit | edit source]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 "Edelweiss Financial Services Consolidated Profit & Loss account". moneycontrol.com.
  2. ↑ "Edelweiss Group fund raises ₹6,600 crore".
  3. ↑ 3.0 3.1 3.2 "Edelweiss Financial Services Consolidated Balance Sheet". moneycontrol.com. Retrieved 14 July 2020.
  4. ↑ "How Edelweiss built a business for the long run | Forbes India". Forbes India.
  5. ↑ "Forbes".
  6. ↑ Menon, Rashmi (23 November 2017). "Economic Times". Economic Times.
  7. ↑ "Rashesh Shah: Every setback is an opportunity to recalibrate | Forbes India". Forbes India.
  8. ↑ Sultana, Nasrin (20 December 2017). "Edelweiss Group acquires Religare's securities business". Livemint.com.
  9. ↑ Sinha, Shilpy (14 September 2016). "What makes investors trust their money with these 5 financial supermarkets of India". The Economic Times. Retrieved 22 January 2018.
  10. ↑ Editorial, Reuters. "Company Profile for ${Instrument_CompanyName}". IN. Retrieved 26 March 2019. {{cite web}}: |first= has generic name (help)
  11. ↑ 11.0 11.1 11.2 "Edelweiss Financial: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Edelweiss Financial - NDTV". www.ndtv.com. Retrieved 26 March 2019.
  12. ↑ "Forbes India Magazine - Print". www.forbesindia.com. Retrieved 26 March 2019.
  13. ↑ "Edelweiss Financial Services History | Edelweiss Financial Services Information - The Economic Times". economictimes.indiatimes.com. Retrieved 26 March 2019.
  14. ↑ "EDELWEISS GLOBAL WEALTH MANAGEMENT LIMITED - Company, directors and contact details | Zauba Corp". www.zaubacorp.com. Retrieved 26 March 2019.
  15. ↑ "Edelweiss Financial: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Edelweiss Financial - NDTVProfit.com". www.ndtv.com. Retrieved 26 March 2019.
  16. ↑ "EdelGive Foundation | Center for Education Innovations". educationinnovations.org. Retrieved 26 March 2019.
  17. ↑ "Edelweiss to acquire Anagram Capital". The Hindu. 28 January 2010. ISSN 0971-751X. Retrieved 26 March 2019.
  18. ↑ "Edelweiss inks joint venture agreement with Tokio Marine". The Hindu. PTI. 23 November 2009. ISSN 0971-751X. Retrieved 26 March 2019.{{cite news}}: CS1 maint: others (link)
  19. ↑ Reporter, B. S. (1 May 2014). "Edelweiss Fin Services acquires Forefront Capital Management". Business Standard India. Retrieved 26 March 2019.
  20. ↑ "Edelweiss Asset Management to acquire JP Morgan's Mutual Fund". The Economic Times. 4 April 2016. Retrieved 26 March 2019.
  21. ↑ "Edelweiss Financial acquires Ambit Alpha Fund". Forbes India. Retrieved 26 March 2019.
  22. ↑ Bureau, Our. "Canada's CDPQ to pick up 20% stake in Edelweiss ARC". @businessline. Retrieved 26 March 2019. {{cite web}}: |last= has generic name (help)

External links[edit | edit source]

Stub icon 1 Stub icon 2

This article about an Indian company is a stub. You can help Bharatpedia by expanding it.

Retrieved from "https://en.bharatpedia.org/w/index.php?title=Edelweiss_Group&oldid=162777"
Discover more