Inside Rashesh Shah's plan to incubate and scale Edelweiss businesses
Mumbai, Sept. 7 -- The Edelweiss Group sees itself as an investment house and incubator of long-term financial services businesses, and has identified a few white spaces it aims to fill, said co-founder and chairman Rashesh Shah.
Edelweiss Financial Services, the company at the top of the holding structure of the eponymous group, is listed and valued at about Rs.12,873 crore. The seven key businesses are subsidiaries of this listed entity. These include an alternatives company, asset management, an asset reconstruction company, a non-bank financier, a mortgage lender, and general and life insurance companies.
As proof of the group's track record in incubating and then offloading investments, Shah cited the case of Nuvama Wealth Manageme...
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