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For Immediate Publication
Edelweiss Appoints Pranav Parikh as Head-Private Equity,
Seed and Venture Capital Funds
Mumbai, May 21, 2015: India's leading diversified financial services group, Edelweiss
Financial Services has appointed renowned fund manager Pranav Parikh as Head Private
Equity, Seed and Venture Capital Funds.
A successful investor and an entrepreneur with long standing experience across various world
markets, Pranav will be running the Edelweiss growth private equity and early stage venture
funds which intends to invest in tech and non tech companies with high quality managements
and good business models.
Mr. Rashesh Shah, Chairman and CEO, Edelweiss Group said, "We welcome Pranav to our
team. His appointment will further focus our efforts on the growing private equity and
venture capital businesses that signify India's growth potential and the burgeoning start-up
space.”
Pranav brings with him over 15 years of successful investment experience in US and Indian
markets with focus on risk-adjusted returns. Until 2012, he was responsible for all the
Investments in India for a multibillion dollar multi-strategy fund based out of the US. He has
been a successful investor in various high growth and unique businesses and co-managed
these along with enterprising entrepreneurs with a view to create substantial value.
Speaking on his new role Pranav Parikh said "The Edelweiss Group offers a diversity of
solutions and an extensive fund management platform to various businesses and
entrepreneurs/individuals. We are excited at the opportunities that help us to cross leverage
and see significant synergies for our business which will benefit our investee companies as
well as the Edelweiss Group”
Pranav was awarded Private Equity Deal Maker of the Year, India in October 2009 by the
eminent Global M&A Network, New York. He holds a BE in Industrial Engineering from
MS University, Baroda and an MBA from UTA, Texas. He is also a CFA charter holder from
CFA Institute, USA.
About Edelweiss Financial Services
Edelweiss is one of India’s leading diversified Financial Services Groups. Edelweiss offers a large range of
products and services spanning across asset classes and consumer segments. Its businesses are broadly divided
into Credit Business (including Mortgages, Structured Collateralised Credit, Retail Finance, Distressed Assets
Credit and Agri Finance), Agency Business (including Financial Markets, Asset Management and Commodity
& Agri Services), Life Insurance and Balance Sheet Management Unit operations. Edelweiss revenue for
FY15 stands at ` 3,912 crore with an asset base of ` 27,000 crore. Its net profit for FY15 is ` 329 crore which has
grown at a 37 % CAGR over last 3 years and 30% CAGR over last 10 years. The group’s research driven
approach and proven history of innovation has enabled it to foster strong relationships across corporate,
institutional and individual clients. The group has sizeable presence in large retail segment through its
businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Broking. It serves its 5,72,000
strong client base through 5,555 employees and 240 offices (including eight international offices) in 125 cities.
Together with over 4,800 strong network of Sub-Brokers and Authorized Persons, Edelweiss group has presence
across all major cities in India.
Edelweiss Financial Services trades under the symbols NSE: EDELWEISS, BSE: 532922, Bloomberg:
EDEL.IN, Reuters: EDEL.BO.
To learn more about the Edelweiss Group, please visit www.edelweissfin.com.
Edelweiss Financial Services Limited Corporate Identity Number: L99999MH1995PLC094641
For more information, please contact:
Edelweiss Financial Services Ltd
Perfect Relations Pvt Ltd
Sporshita Goswami
Mona Kwatra [email protected]
[email protected]
+91 98202 10441
+91 9920883234
Revathi Pandit [email protected]
Premal Mandavia
+91 9820237909
[email protected]
+91 9819996228