.svg)
Edelweiss Group: Difference between revisions
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
CleanupBot (talk | contribs) m (→External links: clean up, add source tag) |
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) |
||
| 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 | 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 | 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 | 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}} | ||