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Rashesh Shah, Chairman and CEO - Edelweiss Group
Rashesh Shah is Founder, Chairman and CEO, of the Edelweiss
Group, one of India’s leading diversified financial services with
businesses ranging from Credit ( Housing & Retail Finance),
Financial Markets (Institutional Markets, Capital Markets &
Investment Banking), Commodities, Asset Management and Life
Insurance. Set up in 1996, Edelweiss group advises over 500,000
clients (including corporate, institutional and individual clients –
urban and rural) through 237 offices in 123 cities, including six
international offices in Chad, Dubai, Hong Kong, New York, Nigeria,
Mauritius & Singapore.
Under his leadership, the company has combined growth oriented
entrepreneurship with a strong focus on risk and Edelweiss today
has one of the most broad-based employee-ownership models
among financial services companies in India.
Rashesh is passionate about financial services and the role it can play in translating India’s vast savings into
investments; thereby powering economic growth and development. A regular commentator on financial
markets, policy, and development matters in the mainline as well as financial media and at various
institutional forums such as the IIMPACT 2014 held Singapore as well as CEO’s Forum with Hon. Chief
Minister of Maharashtra at the Progressive Maharashtra organised by FICCI Maharashtra Council. Rashesh
is a firm believer that the cost of financial intermediation can be reduced significantly using technology,
training and innovation.
He serves on the Boards of various companies and public institutions. He has previously been on the
Executive Committee of the National Stock Exchange and also on the SEBI (Stock Exchange Board of India)
committee to review Insider Trading Regulations. He currently serves as Chairman, Maharashtra Council of
FICCI.
Among the several accolades Rashesh has received, are the ‘Entrepreneur of the Year’ award from Bombay
Management Association (2008-2009), ‘Alumnus of the Year’ from IIFT in 2008 and very recently ‘The Bull
of Year’ Award at Zee Business Market Analyst Awards 2015. Under his leadership, Edelweiss has received
numerous awards, some of the recent ones being, consecutively ranked ‘India’s Best Managed Mid Cap
Company’ and ‘India’s Best Managed Company (upto $500 million market cap)’ by Finance Asia in 2013 &
2014 respectively. Edelweiss has also been awarded ‘Best Corporate Governance, India’ by Capital Finance
International, London, UK in 2013.
An MBA from Indian Institute of Management, Ahmedabad, Rashesh holds a Diploma in International
Trade from the Indian Institute of Foreign Trade, New Delhi and a Bachelor's Degree in Science from the
University of Mumbai.
A voracious reader, a fitness enthusiast and an avid runner, Rashesh has recently fulfilled his goal of
participating in a triathlon while having already participated in many marathons the world over. He loves to
spend time with his family – wife Vidya, son Neel and daughter Avanti.
AWARDS AND RECOGNITION
Rashesh has won several awards over the last one and half decades. Among them are
• “Bull of the Year” award at the Zee Business Market Analyst Award 2014
• Special Award from Zee Business for his contribution to the development of Indian stock markets in 2011
• “Entrepreneur of the Year” award from Bombay Management Association in 2008-2009
• “Alumnus of the Year” award in 2008 from IIFT
Apart from awards recognising his personal contributions, under Rashesh’s leadership, Edelweiss Group
has won several awards recognition. Here is a selection of these awards:
Edelweiss Group
• Consecutively ranked ‘India’s Best Managed Mid Cap Company’ and ‘India’s Best Managed Company
(upto $500 million market cap)’ by Finance Asia in 2013 & 2014 respectively
• BFSI Vision CSR Awards 2014 for “Distinction in promotion of Education”
• “Best Corporate Governance, India” Award in 2013 by Capital Finance International, London
• Edelweiss brand has been adjudged a “Business Superbrand” in 2011 in the third edition of Superbrand
India by the Council of Business Superbrands in India.
• Edelweiss Print and Television advertising campaigns won four prestigious Adclub awards – Abbys – for
excellence in Television and print ads in 2010.
Capital Markets
• Adjudged “Best Equity Broking House (Institutional)” at the Dun & Bradstreet’s BSE Broking Awards 2014
• Ranked No 2 in Best Local Broking Advisory at the Asia Money Brokers Poll 2014, Hong Kong
• “Best Deal of the Year – 2014” at The Asset Triple A Country Awards 2014 Australia, South Asia for the
Reliance Communications QIP
•The MCX IPO advised by Edelweiss was adjudged as “The Best Mid Cap Equity Deal’ in the Asia Pacific for
2012 by Finance Asia
• Private Equity investment for Café Coffee Day, managed by Edelweiss, was adjudged the Deal of the Year
by Asian Capital Markets Journal, 2010.
• Adjudged “Best Merchant Banker” in the Outlook Money NDTV Profit Awards 2008
• M&A Atlas Awards, presented by the Global M&A Network for two landmark transactions in 2008.
Asset Management
• Edelweiss Asset Management Company won two awards at the CMO Asia Forum for marketing of its
Absolute Return Fund
•The India Diversified Fund won the “Best India Hedge Fund” at the Asian Investor Investment
Performance Awards for 2008 held in Singapore
•The India Diversified Fund was the recipient of the “Best Asian Arbitrage Fund” at the Asian Master of
Hedge Awards for 2007 organized by Eureka Hedge And Hedge Funds World (Making it part of a very select
list of funds that have won awards across both 2007 and 2008.)
Life Insurance
•Edelweiss Tokio Life Insurance adjudged “Rising Star Insurer” at India Insurance Awards 2013
Edelweiss has also been a top performer in various finance industry league tables.
•Ranked 1 in Total amount attained in IPOs, HNI Category in 2014
• Ranked 1 in Total Applications/amount attained in IPO, Retail category in 2014
•Ranked No. 1 for IPOs handled in 2014 leading 3 out of the top 5 IPO’s in the year
•Ranked No. 2 in HNI & No. 4 in Retail procurement for IPOs in FY13
•Ranked No. 2 in HNI & Retail procurement for IPOs in FY12
•Ranked No. 1 in HNI & No. 3 in Retail procurement for IPOs in FY11
Similarly in Debt Market Syndication, Edelweiss was
•Awarded “Champion of Champions” title by Shriram Transport Finance Co. Ltd for being the top mobilizer
in their public debt issue in July-2014
•Among top 4 arrangers in public debt issues (tax-free and non tax-free) in FY 2014 with ~50% market
share
•Annual recognition by BSE since 2011 for being among the top 3 contributors to debt segment volumes on
the exchange