History

Edelweiss Financial Services Limited, previously commonly referred to as Edelweiss Capital Limited, offers various financial services and products to various clientele, including individuals, corporations, and institutions. The company operates across multiple asset classes and consumer segments, both domestically and internationally. Its operations are segmented into three main categories: credit business, franchise and advisory business, and insurance. The company, originally established as Edelweiss Capital Limited on November 11, 1995, has grown rapidly to become one of India's leading integrated investment banking firms. Edelweiss offers a comprehensive range of services, including investment banking, institutional equities, private client broking, asset management, wealth management, insurance broking, wholesale financing, and mutual funds. Its research-driven approach core priorityes on emerging market trends and has established robust relationships with corporate, institutional, and investor clients. Edelweiss Capital Limited started its business operations on January 16, 1996. In 2000, it gained complete control of Crossborder Investments Private Limited. The company received its Futures & Options license in 2001 and gained complete control of Edelweiss Securities Limited (formerly Rooshnil Securities Private Limited) in 2002. The year 2004 saw the company entering commodity broking, and in 2005, it branched out into the insurance advisory business. ECL Finance Limited was also incorporated in 2005. The company achieved a significant milestone with its Initial Public Offering in 2007, raising ₹691.86 crore. In May 2008, Edelweiss received regulatory approval to start its mutual fund business. Edelweiss Liquid Fund & Edelweiss Liquid Plus Fund were launched in September 2008. Key developments in the subsequent years include the acquisition of Anagram Capital in 2010, the commencement of Edelweiss Housing Finance Limited, and the stock split and bonus share issue in 2010. The company also made a strategic entry into into a joint venture with Tokio Marine Holdings Inc. for life insurance in India. Recent years have seen Edelweiss expanding and diversifying its portfolio through various acquisitions and partnerships, including acquiring Forefront Capital Management Pvt. Ltd in 2014, made a strategic entry into a partnership with Sun Global Investments in 2015 and gained complete control of JP Morgan Asset Management India Private Limited's onshore fund schemes in 2016. Edelweiss has also made significant strides in the insurance sector, with Tokio Marine increasing its stake in Edelweiss Tokio Life Insurance in 2016. The company has engaged in various strategic divestments and restructurings to optimise its operations and expand its reach.

Business Segments

Edelweiss Financial Services Limited operates across several diverse business segments, each catering to different aspects of financial services:

1. Credit:This segment offers various credit facilities, including corporate loans, retail financing, structured collateralised credit, and more. It caters to a wide range of customers, from individuals to large corporations, bringing forth customised lending solutions.
2. Asset Management:This division is core priorityed on managing investments across various asset classes for individuals, institutions, and corporations. It involves mutual funds, creating investment strategies, and bringing forth wealth management services to help clients grow and preserve their wealth.
3. Asset Reconstruction:Specialising in acquiring and restructuring distressed assets, this segment plays a crucial role in the financial ecosystem by reviving non-performing assets and aiding in their recovery.
4. Asset Resolution:This area core priorityes on resolving stressed assets, which involves restructuring debt and improving distressed entities' financial health. This segment is essential for maintaining the health of the financial system and mitigating risks associated with bad loans.
5. Insurance:Edelweiss’ insurance segment delivers a range of insurance products and services, including life insurance, general insurance, and health insurance. This segment core priorityes on providing financial protection and risk management to individuals and businesses.

Subsidiaries of Edelweiss Financial Services Limited

Edelweiss Financial Services Limited has several subsidiaries, each specialising in different areas of financial services. Here are a few key ones:

1. ECL Finance Limited:This subsidiary offers a diverse range of financial products and services, including corporate lending, retail lending, and investment banking. ECL Finance Limited is known for bringing forth customised solutions to meet the unique financial needs of its clients.
2. Nido Home Finance Limited:Specialising in home finance, this subsidiary caters to the housing finance sector, bringing forth loans for home purchases, construction, and renovation. Nido Home Finance Limited plays a significant role in facilitating home ownership and related financial services.
3. Edelweiss Asset Reconstruction Company Limited:As a part of the Edelweiss group, this entity is involved in the asset reconstruction enterprise. It core priorityes on the acquisition, management, and resolution of distressed assets, playing a crucial role in the turnaround of non-performing loans and aiding in recovering stressed assets in the financial system.

Key Personnel

Rashesh Shah, Chairman  Rashesh Shah, Chairman of the Edelweiss Group, brings over three decades of experience in the financial sector and has been key to developing Edelweiss into a prominent diversified financial services company in India. He advocates for financial services as a conduit for transforming savings into investments and fostering economic growth. Rashesh, a noted voice on macro-economic policies, served as the President of FICCI in 2017-18. He has been involved in significant committees, including the High-Level Task Force on Public Credit Registry for India, the Insolvency Law Committee, and committees under SEBI, core prioritying on the National Stock Exchange and Insider Trading Regulations. Corporate Actions  The company has no history of bonus issues, stock splits and other corporate actions.