Foundation of Edelweiss as an Investment Bank.
Since our organisation’s foundation in 1996, we have endeavoured to build a great organisation. To help achieve this, we developed a set of Guiding Principles that defined our core values and beliefs and our method of doing business. These foundations also helped build a culture of ownership, a common purpose and shared values within Edelweiss. We started with a capital of Rs. 10 million, which allowed us to obtain a merchant banking license. The license amount, however, changed to Rs. 50 million just before the company was incorporated. This was our first exposure to regulatory upheaval and the first of the setbacks that we experienced in our journey. But we believed in finding opportunity amidst adversity and treating every setback as a hidden opportunity. So we started helping start-up companies raise funds via the non-IPO route, tapping, Venture Capital (VC) and Private Equity Funds (PE), which was a rarity in India at that time.