Rashesh Shah: Edelweiss Financial Services Latest News & Share Price
Rashesh Shah, an Indian businessman and the chairman and CEO of the Edelweiss Group. one of the top diversified financial services conglomerates in India, was born on September 30, 1963. Furthermore, he is a founding partner of Edelweiss Financial Services Limited (EFSL).
About Rashesh Shah: Additionally, he gives numerous talks, interviews, and lectures on a variety of subjects, including macroeconomic policies, development, and financial markets. Rashesh Shah attended the Mumbai schools Manav Mandir High School and Bharatiya Vidya Bhavan.
He spent a year studying exports at the Indian Institute of Foreign Trade after earning a Bachelor of Science in statistics from KC College in Mumbai (IIFT). He then earned his MBA in 1989 from the Indian Institute of Management (IIM), Ahmedabad. Later, he joined ICICI.
Tennis player and fitness fanatic Rashesh Shah also likes to read. He is a devoted runner who has taken part in a triathlon and continues to run marathons all over the world.
Early life Rashesh Shah
Rashesh Shah, a Gujarati-born child, was the first in his family to attend an English-medium school. He met Vidya Shah, CEO of the EdelGive Foundation, at IIM, and they are now married. Neel, who was born in 1995, and Avanti, who was born in 2000, are the couple’s two children.
Rashesh Shah has more than 28 years of expertise in the financial market industry. He left his position at Prime Securities to co-found Edelweiss with Venkat Ramaswamy.
The business was established in November 1995, and activities began in February 1996. Shah and Ramaswamy changed their business strategy to meet SEBI’s capital requirement of 5 crore; instead, they engaged in private equity syndication and mergers and acquisitions (M&A) and concentrated on consulting services.
Education Rashesh Shah
They began with a modest office in Mumbai’s Fountain neighborhood with only three staff members. The 10-employee business passed the $5 billion capital threshold in 2000 and was categorized as a Category-1 merchant bank. Rashesh and Vidya Shah currently own close to 27% of Edelweiss.
The corporation has a net worth of $5,400 billion and a base asset value of $48,000 billion. Additionally, Rashesh Shah has experience serving on the executive committees of both the Stock Exchange Board of India and the National Stock Exchange (NSE) (SEBI). He looked over SEBI’s Insider Trading Regulations.
Career Rashesh Shah
A member of the Associate Chambers of Commerce and Industry of India, he has also served as chair of the National Council on Capital Markets (ASSOCHAM) During the 2017–18 academic year, he presided over the Federation of Indian Chambers of Commerce and Industry (FICCI).
Rashesh regularly contributes to financial and mainstream media as a commentator on macroeconomic policies, development issues, and financial markets.
He is also a member of the High-Level Task Force on Public Credit Registry for India and the Insolvency Law Committees. The Enforcement Directorate (ED) summoned Edelweiss Group and Shah in January 2020 to participate in a case involving an alleged Rs 2,000 crore violation of FEMA regulations.
This relates to Capstone Forex Pvt Ltd, a company situated in Mumbai. Accusations that Rashesh Shah violated FEMA have been denied.