Living in the age of such high inflation, we all need the best financial advisory solution for our economic stability and balanced lifestyle. Edelweiss is one such advisory body that can help to maintain your financial stability through its stock market solution in Indian finance management. Money is an essential need of all human beings to live a lifestyle and maintain a social impact.
Image credit: The Economic Times
The stock market is one of the money-making sectors, and there is a great possibility of multiplying your success in a short period. All you need is the best advice and researched tips that can help you to maintain your money in the right direction for success, and here Edelweiss is the powerhouse in the Indian finance industry.
In this article, we will delve into the story of one of the best financial solution providers, Edelweiss, with its impact and working on the financial industry in India.
| Table of Contents | |
| 1 | Edelweiss: A Powerhouse in the Indian Finance Industry |
| 2 | About |
| 3 | Founders of Edelweiss |
| 4 | Rashesh (Founder of Edelweiss) |
| 5 | Venkat Ramaswamy |
| 6 | Story of Edelweiss: From a Startup to a Pioneer in the Financial World |
| 7 | Edelweiss Mission and Vision |
| 8 | Business Model |
| 9 | Edelweiss Challenges |
| 10 | Company’s investors and shareholders |
| 11 | Merger and Acquisition |
| 12 | Awards and Achievements |
| 13 | Competitors |
| 14 | Conclusion |
About
Edelweiss is the leading financial services conglomerate in India, which provides the best solutions with its platform and has established a huge base in the country as well as around the globe.
This platform has the working experience for different classes, from domestic to large industrialists and individuals to companies, making it the most reliable growth-driven factor in our financial stability.
Edelweiss was founded by two persons, Rashesh Shah and Venkat Ramaswamy, and registered with government regulators like the National Stock Exchange of India, the Bombay Stock Exchange, and the Multi Commodity Exchange.
Some of the most famous services of Edelweiss are mostly related to the financial world, which include brokerage services, life insurance, general insurance, private equity, and other investment-related services.
The Edelweiss platform is well-known for its financial services, which have gone through digitalization and provided different options for contacts with the platform. The founders of the company had their vision for future development and unique capabilities. Here are the details of the founders of Edelweiss.
Founders of Edelweiss
One of the most special gems of the financial world of India, Edelweiss, was founded by two people, Rashesh Shah and Venkat Ramaswamy, in 1995. The company was handling the work that relates to the financial help of people in India. The founders of Edelweiss are very well known for their iconic vision and the future needs of the finance world. Let’s read more about the founders of Edelweiss.
Rashesh (Founder of Edelweiss)
He is the founder of the financial gem of the nation, which is helping almost billions of people maintain their financial stability and controlling their future financial plans like homes, cars, and businesses. Rashesh has almost 28 years of record working in the financial industry and has built the whole empire of a key part of the Indian financial system.
Being a chairman and CEO of the Edelweiss company, he had also been the president of the Federation of Indian Chambers of Commerce and Industry from 2017 to 2018. He is one of the key figures of the High-Level Task Force on Public Credit Registry for India as well as the Insolvency Law Committees at present.
His legacy of financial knowledge has inspired many through his speeches, articles, and books that he has written in his career.
Venkat Ramaswamy
Being the founder of Edelweiss Group Company, he is the voice-chairman and has more than 29 years of experience working in the financial sector in India. Ramaswamy, at present, is also the co-head of the Global Wealth & Asset Management business.
He completed his education at known universities, and he is also an alumnus of the University of Pittsburgh. Before the beginning of Edelweiss, he was working as the fund manager at Spartak Emerging Opportunities of India from 1994 to 1996.
Story of Edelweiss: From a Startup to a Pioneer in the Financial World
The seeds of the company were nurtured under the ruling of the great minds of the financial world, which were the founders of Edelweiss, and initially, the company was working on private equity syndication, mergers, and acquisitions. Apart from doing all this work, it was also involved in the advisory services and helped people to settle their financial disputes.
The company provided wholesale financing, portfolio management, and equity broking services to individuals and corporations. In 2000, the company started working in banks and became a merchant bank, providing funding help via non-IPO routes that were a part of the venture capital and private equity funds.
The early profit of the company started this year when it acquired Rooshnil Securities in 2001, and it also had a capital of INR 50 billion. The rising footstep, following the years 2004 to 2012, witnessed the expansion and started working as an institutional broker and dealing with non banking financial company activities.
Its career in the global aspect started in 2007 when the company Edelweiss Global Wealth Management was founded, which provides wealth structuring solutions, asset protection, transferring strategies, risk investment, and investment banking solutions.
Edelweiss Mission and Vision
Being a pioneer in the financial world, it focuses on fulfilling the lack of financial support for all its customers with its financial assisting services and aims to nurture, protect, and help all of its customers to create and enhance wealth. The company follows these lines as its key principles and keeps working to satisfy all the customers.
The company has created 13 basic principles, following which it has helped over the years that have helped it continue to serve its customers.
Edelweiss Business Model
The company’s business model follows some of the key beliefs, such as being strong, steady, and also being sustainable and working to achieve success. The company also follows some of the other strategies, like its fortress balance sheet, steady earnings through diversification, internal ownership, good governance, strong global partnerships, and the company’s foundation steps.
However, the company has tried to be a diversified financial service provider in India and is involved in a non banking financial company structure. It is constantly looking to add new businesses.
Edelweiss Challenges
The company has been facing a huge challenge in keeping its shares high all the time, but it failed in multiple attempts. As per the reports of Forbes, the company also has to work hard to meet its obligations to debtors.
Its conglomerate’s decision to take a loan is one of the main challenges the company is still facing while repaying it with the large amount of profit earned annually.
Company’s investors and shareholders
Investors and shareholders are important aspects of running any successful company in this world of competition; similarly, Edelweiss has several investors and shareholders, which are listed in the table given below:
| Name | Equity | percent |
| Rashesh Chandrakant Shah | 145,601,730 | 15.43 % |
| Dalal Street LLC | 71,322,311 | 7.557 % |
| Venkatchalam Arakoni Ramaswamy | 59,576,560 | 6.313 % |
| Nuveen Asset Management LLC | 40,053,992 | 4.244 % |
| Edelweiss Employee Welfare Trust | 38,750,000 | 4.106 % |
| Thomas Schmidheiny | 36,880,726 | 3.908 % |
| Vidya Rashesh Shah | 31,066,200 | 3.292 % |
| Life Insurance Corporation of India (Investment Portfolio) | 24,282,094 | 2.573 % |
| The Vanguard Group, Inc. | 22,255,332 | 2.358 % |
| BAMCO, Inc. | 20,762,810 | 2.200 % |
Merger and Acquisition
The company has worked to acquire some of the massive stakes in various companies, which is also making it notably one of the crucial financial support providing companies in today’s world. Some of the merger and acquisition of Edelweiss is listed below:
- It acquired Anagram Capital in 2010 for INR 164 crore.
- ForeFront Capital Management was acquired by the financial solution provider
- Edelweiss in 2014, which is a Mumbai-based asset management company.
- In 2016, the asset management company also acquired fund schemes of JP Morgan Asset Management India.
- Edelweiss Company merger and acquisition also involved the acquisition of Ambit Alpha Fund, which is the investment advisory longshot hedge fund. The acquisition took place in 2016.
Awards and Achievements
Edelweiss is a financial support company that has been providing help and support to its customers to make their wealth and control financial stability. The company has been notably known for its unique contribution to enhancing financial knowledge. For its contribution and work, it received many awards and recognitions, which are listed here:
The company received the title of Most Innovative Investor Education Program by the Outlook Money Conclave in 2019 for its innovative solutions provided to the nation’s people.
The Finnoviti Award in the year 2020 was also awarded to the most innovative financial support provider in India, one of the 25 companies working in the financial sector.
The Customer FEST Awards were bestowed on the Edelweiss during the 13th edition of the ceremony in 2020. Also, the company was awarded for its best use of technology to enhance the growth of its customers in terms of their wealth and support.
Edelweiss Competitors
The ever-growing market and competitors in the financial world provide different solution providers with some innovative ideas and possibilities based on which Edelweiss also has some of the known competitors, which are listed below:
- Bajaj Finance
- IRFC
- Muthoot Finance
- Chola Invest
- Shriram finance
- L&T Finance
Conclusion
From a startup to a successful entity in the finance world, Edelweiss has covered a long distance in which it faced many challenges and found ways to tackle them. The services it provides include financial advice, investment strategies, wealth-growing ideas, and more. The company is focused on providing the best solution based on risk management, technological integration, and sustainable growth factors.
