Rashesh Shah, Chairman and CEO of the Edelweiss Group has over twenty years of experience in financial services in India. Prior to founding Edelweiss, he worked with ICICI, then India’s premier industrial development bank and today its largest private sector bank. In 1996, encouraged by the opportunity in the financial services sector as a result of economic reforms and liberalization in India, Rashesh founded Edelweiss with initial equity capital of INR 1 Cr (USD 250,000). Since then, Edelweiss has grown into a large diversified financial services house offering Credit, Capital Market, Asset Management, Housing Finance and Insurance products to a wide range of Institutional, Corporate and Individual customers. From 10 employees in 2000, Edelweiss is now 3,500 employees strong, with a net worth of over USD 500 Mn.
Rashesh’s focus on innovation and his passion for growth through expansion into related/adjacent markets has been a key differentiator for Edelweiss. Under his leadership, the company has combined growth oriented entrepreneurship with a strong focus on risk. The company’s consistent growth can be attributed to the culture of ownership and partnership that is nurtured amongst the employees of Edelweiss. A pioneering move to reward those who built Edelweiss with ESOPs has resulted in one of the most broad-based employee-ownerships among financial services companies in India.
Rashesh has served on the Boards of various companies and public institutions. He has in the past served on the Executive Committee of the National Stock Exchange and has recently been appointed as Chairman, Maharashtra Council of FICCI. He also Chairs the National Council on Capital Markets formed by ASSOCHAM. He has been nominated to the Executive Committee of a proposed US - India Investors Forum.
His academic qualifications include an MBA from Indian Institute of Management, Ahmedabad, 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.
Besides writing regularly for various leading business dailies and publications in India, Rashesh’s views on the Indian economy and policy issues are regularly sought by leading Indian and global business journals. He is also a regular speaker at various industry and economic forums.
Among the several accolades Rashesh has received, are the ‘Entrepreneur of the Year’ award from Bombay Management Association (2008-2009) and the ‘Special Award for Contribution to Development of Capital Markets in India’ by Zee Business at the India’s Best Market Analyst Awards, 2011.
A voracious reader and keen tennis player, Rashesh’s current passion is running marathons.
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 many responsibilities he also Co-Heads two of Edelweiss’ most strategic businesses – Wholesale Capital Markets and Wholesale Asset Management.
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 – India’s first 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.
Using his enormous skills at building and maintaining client relationships, Venkat has been instrumental in building a client-need focused solutions approach in the Edelweiss Investment Banking team. It has also seen the Group winning many accolades in the Investment Banking and Private Equity Syndication space.
Venkat is not just a regular commentator in the Indian business media on issues concerning capital markets, investments and mergers and acquisitions, but also in demand as a speaker at various industry forums.
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, regulatory frameworks, process re-engineering and technology strategy and implementation across the financial services space.
Himanshu oversees Finance, Operations, Technology, 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.
An Electrical Engineer by qualification, Rujan Panjwani has over two and half decades of experience in the financial services industry working across all asset classes. At Edelweiss he helped set up the Group’s Treasury and Balance sheet unit. Rujan is now a member of the Assets & Liabilities Committee (ALCO) that primarily oversees the implementation of an effective process for managing Edelweiss’ interest rate, liquidity and similar market risks relating to the balance sheet and associated activities, including the adoption of policies, risk limits and capital levels from time to time. He also set up Edelweiss’ Global Risk Group – the nodal point for all risk monitoring and management. He is now a member of the Global Risk Committee – the highest decision making body in Edelweiss on Risk-related issues. He also played a role in setting up several businesses for the Edelweiss Group including Asset Management and Credit, for which he had oversight responsibilities till 2012. Prior to joining Edelweiss, Rujan was an entrepreneur.