Rashesh Shah is Chairman and CEO, Edelweiss Group, one of India’s leading diversified financial conglomerates with businesses ranging across Credit Business (Mortgages including Housing Finance, Structured Collateralised Credit, Distressed Assets Credit, SME and Agri Finance, Rural Finance and other loans), Agency Business (Financial Markets, Asset Management and Agri and Commodity Services) and Life Insurance.
Rashesh started Edelweiss in 1996 that has since grown into one of India’s leading diversified financial services conglomerates. With an asset base of Rs. 29,000 crore and networth of Rs 3,757 crore Edelweiss Group is present across all significant areas of financial services including Credit, Financial Markets, Commodities, Asset Management and Life Insurance. The Group has 248 offices in 128 cities, including eight international offices in New York, Canada, Dubai, Hong Kong, Singapore, Mauritius, Nigeria and Chad with headquarters in Mumbai, India. Finance Asia magazine has ranked Edelweiss as India’s Best Managed mid-cap company in 2013 and 2014.
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. Under his leadership, Edelweiss has combined technology, innovation and growth oriented entrepreneurship with a strong focus on risk management to become one of the more successful, stable and well respected financial services companies in India.
A regular commentator on macro- economic policies, development matters and financial markets in the mainline and financial media, Rashesh 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 has recently been appointed as Vice President of FICCI, which is India’s Apex Industry association.
An MBA from Indian Institute of Management, Ahmedabad, Rashesh also holds a Diploma in International Trade from the Indian Institute of Foreign Trade, New Delhi. A voracious reader, a fitness enthusiast and an avid runner, Rashesh has participated in a triathlon and continues to participate in marathons across the globe.
An MBA from the University of Pittsburgh, United States of America and a Bachelor’s Degree holder in Electronics Engineering, Venkat Ramaswamy is widely recognized as one of India’s finest deal makers. Amongst his responsibilities, he also Co-Heads two of Edelweiss’ most strategic businesses – Distress Assets & Resolution business and Global Asset Management, while continuing to play a mentorship role with the Edelweiss Investment Banking business.
After having worked in the Project Financing team of Industrial Credit and Investment Corporation of India (ICICI) Ltd., then India’s premier project finance institution and today its largest private sector bank, and as a fund manager with Spartek Fund – one of India’s early PE fund – Venkat co-founded Edelweiss Financial Services Ltd.
Since then he has been one of the driving forces in transforming what was once India’s first new age boutique investment bank to a leading diversified financial conglomerate in a span of just a decade and a half.
Venkat has been instrumental in building a client-need focused solutions approach in the Distress Asset and Resolution business including the business under Edelweiss ARC. This approach of working with large Banks in India has lead to the Edelweiss ARC becoming the largest ARC in the country today.
Using his skills at building and maintaining large institutional relationships including with International Pension Funds and Insurance companies, the Edelweiss Global Asset Management team has been able to build one of the fastest growing Multi category Alternative Asset Management businesses in India.
A Chartered Accountant with a Post Graduate Diploma in Securities Law, Himanshu Kaji brings to the table his diverse experience of over two decades in the areas of business strategy, risk, finance, regulatory frameworks, process re-engineering and technology strategy and implementation across the financial services space.
Himanshu oversees Finance, Resources, Operations, Technology, Internal Control, Governance, Administration, Investor Relations and Compliance at the Edelweiss Group. In addition to this, he is also in charge of Corporate Planning, which looks at Strategy Development and Execution for the Group.
Himanshu gave up his investment banking job at ICICI Limited to join his family business of broking. During this period he played a key role in the overhaul of the oldest stock exchange in Asia – the Bombay Stock Exchange (BSE). Himanshu was part of a select group which oversaw the corporatisation and the de-mutualisation of the BSE.
He also served as Honorary Treasurer and Official Spokesperson for The Bombay Stock Exchange (BSE) during the year 2000-2001.
In the year 2004 he branched off as a Corporate Advisor to eminent Indian and global financial services companies. His areas of expertise in consulting were, strategy for the introduction of new products, identifying and leveraging target customer segments, creating and implementing technology solutions and developing compliance and risk frameworks. He also advised many domestic and foreign players on their acquisition of domestic capital market players.
A fitness fanatic, Himanshu has run the half-marathon at the Mumbai Marathon. He is married and has two daughters.
Rujan Panjwani, Executive Director, Edelweiss Financial Services Ltd. has over two and half decades of experience in the financial services industry working across all asset classes.
Over the last 15 years he has played a key role in setting up several businesses and functions for the Edelweiss Group including Asset Management, Credit, Group Treasury and the Balance Sheet unit.
He is currently a member of the Assets & Liabilities Committee that primarily manages the Group's balance sheet and the Global Risk Committe the highest decision making body in Edelweiss on Risk-related issues.
Rujan spearheaded the iconic Edelweiss Associate Programme that started a decade ago and built leaders who are in senior positions within the Group today. He continues to play a key role in several strategic initiatives for the Group including driving its Human Resources, Strategy and Business development.
Besides being on the Board of Directors of Edelweiss Financial Services, he is also on the board of ECL Finance Limited – Edelweiss Group's NBFC and Edelweiss Asset Management Company.
Ms. Vidya Shah is presently responsible for the philanthropic activities of Edelweiss group. Prior to EdelGive Foundation, Ms. Vidya Shah was the Chief Financial Officer of Edelweiss Financial Services Limited. Ms. Vidya Shah joined Edelweiss in 2000 and was responsible for various important functions such as Finance, Human Resources and Administration. She also spent the first 11 years of her career in investment banking with companies like ICICI, Peregrine and NM Rothschild in Mumbai where she advised corporations in Capital Raising and M&A transactions. Ms. Vidya Shah is also on the Boards of various non-profit organisations. Ms. Vidya Shah has a Bachelors degree in Commerce and an MBA from Indian Institute of Management, Ahmedabad.
Mr. Chinniah recently retired as the Managing Director/Global Head of Portfolio, Strategy & Risk Group with GIC Special Investments (“GIC SI”), the Private Equity arm of the Government of Singapore Investment Corporation (“GIC”).He joined GIC in 1989 and has held various positions with the Special Investments Department of GIC in their North American, European and Asian regions. He is presently also a director of Changi Airport International and a member of the Hindu Endowments Board in Singapore. Mr. Chinniah is a Chartered Financial Analyst and his other academic qualifications include a Bachelor’s Degree in Electrical Engineering from the National University of Singapore and an MBA from the University of California, Berkeley.
Mr. Venkatachalam has wide experience in the banking sector in India and abroad and has also worked in the software industry in Banking & Finance verticals. He joined State Bank of India in 1967 and retired in 2004 as its Managing Director. He was a member of the Interim Pension Fund Regulatory Authority of India and a Director on the Board of Small Industries & Development Bank of India (SIDBI). He holds a Master’s Degree in Economics and is a Certified Associate from the Indian Institute of Bankers.
Mr. Desai is the Managing Partner of J. Sagar Associates, one of India’s leading law firms. He has varied experience in the legal field, with specialisation in Corporate Law, Mergers & Acquisitions, Derivatives, Securities & Financial Laws, International Business Laws and International Commercial Arbitration. He holds a Masters degree in Law from the University of Cambridge.
Mr. Misra has a rich and varied experience in the financial services industry, having worked with various organisations including Goldman Sachs and Citigroup. Mr. Misra is the President of Phoenix Advisers Pte. Ltd., an advisory and principal investing firm and Chairman, Asia Pacific Advisory Board with Apollo Management. Mr. Misra holds a Bachelor of Arts degree in Economics from St Stephen’s College, Delhi University, an MBA from IIM, Ahmedabad and a Master of Management from the J. L. Kellogg Graduate School of Management.
Mr. Mitra holds a bachelor’s degree in Science from Delhi University and belongs to the 1975 batch of the Indian Administrative Service. He possesses rich and varied experience in public administration and general management having held diverse positions in Government of India such as Disinvestment Secretary, Revenue Secretary & Finance Secretary. In his stint with the Ministry of Finance, Government of India, Mr. Mitra was engaged in the design of significant tax reforms. During his stint with the West Bengal Government, Mr. Mitra was responsible for designing and implementing widespread policy reforms in the State-owned public sector.
Mr. Nandra, a veteran of the global financial services industry, is the President of E*TRADE Financial Corporation. He also serves on the Board of Directors of the Centre of Governance, Institutions and Organisations, at the Business School, National University of Singapore. Mr. Nandra was CEO of Morgan Stanley Investment Management Ltd., and also served on the Boards of Directors of Morgan Stanley Huaxin Fund Management Company, Morgan Stanley International Ltd., and Morgan Stanley & Co. International plc. Prior to Morgan Stanley, Mr. Nandra's career included senior roles at DTZ Holdings, Merrill Lynch Global Wealth Management, Merrill Lynch Global Investment Banking, The Cambridge Group Inc., and BoozAllen and Hamilton Inc. (now Booz & Co.). He has also served on the Board of Directors of Nuveen Investments, Inc., and Merrill Lynch India Technology Services. Mr. Nandra holds an MBA from IIM, Ahmedabad, and a Bachelor's degree in Commerce (Honors) from the University of Delhi.
Mr. Mahapatra retired as Executive Director of Reserve Bank of India in August 2014. During his stint with Reserve Bank, he handled areas/functions of banking regulation, policy, and supervision. He was Advisor to Reserve Bank on new bank licensing process, after his retirement. He has represented Reserve Bank of India at various national and international forums. Mr. Mahapatra, was also involved in the formulation of Basel II and Basel III regulations
Mr. Mahapatra has chaired various committees of RBI. He was also the Member-Secretary to the Committee set up to introduce financial holding company in India.
Mr. Mahapatra has co-authored a book on Derivatives Simplified : An Introduction to Risk Management.
Mr. Mahapatra holds a Master of Science in Management (MSM) degree from the Arthur D. Little Management Education Institute, Cambridge, Massachusetts, USA. Mr. Mahapatra is MBA from University of Delhi and M.A. from Jawaharlal Nehru University, New Delhi.