Rashesh Shah

Rashesh Shah

Chairman & CEO of the Edelweiss Group
Born (1963-09-30) 30 September 1963
Occupation Finance
Known for Financial Advisor
Religion Hindu
Children Neal
Avanti

Rashesh Shah is the Chairman and Chief Executive Officer (CEO) of the Edelweiss Group, one of India's leading diversified financial services conglomerates.[1] He is also the co-founder of Edelweiss Financial Service Limited (EFSL).[2] He also delivers many speeches, interviews, and lectures on topics related to financial markets, development, macroeconomic policies, and related matters.[1]

Early life and education

Rashesh Shah was a student of Bharatiya Vidya Bhavan and Manav Mandir High School of Mumbai. He completed a bachelor's degree of Science in Statistics from KC College, Mumbai and a Diploma in International Trade from the Indian Institute of Foreign Trade (IIFT) in New Delhi. He then worked for a small export house, Srinivas Export. After that, he completed his MBA from Indian Institute of Management (IIM), Ahmedabad in 1989. He then joined ICICI.[3] Rashesh Shah enjoys reading and playing tennis.[4] He is dedicated to personal fitness and is a passionate runner. He has participated in a triathlon and a number of marathons across the world.[5]

Family

Born in a Gujarati family, Rashesh Shah was the first one to study in an English-medium school. He is married to Vidya Shah, CEO of EdelGive Foundation, whom he met at IIM.[6] The couple has two children, Neal and Avanti.[7][8]

Career

Rashesh Shah has an experience of more than 25 years in the financial market sector.[1] He quit his job at Prime Securities to start Edelweiss along with co-founder Venkat Ramaswamy.[9] The company was founded in November 1995 and commenced operations in February 1996[3] Unable to meet SEBI's capital requirement of INR 5 crore, Shah and Ramaswamy changed their business plan; they worked on private equity syndication and mergers and acquisitions (M&A) and focused on advisory services.[9] They started with a small office in Mumbai's Fountain area with just three employees.[6] In 2000, the 10-employees company crossed a capital mark of INR 5 crores and became a Category-1 merchant bank.[9] Currently, Rashesh and Vidya Shah hold nearly 27% stake in Edelweiss.[8] The company has an asset base of INR 31,000 crore and net worth of INR 3,858 crore.[5] Besides, Rashesh Shah has worked as a member of the Executive Committee of the National Stock Exchange (NSE) and the Stock Exchange Board of India (SEBI). He reviewed Insider Trading Regulations at SEBI.[1] He has also held the Chair of the National Council on Capital Markets formed by Associate Chambers of Commerce and Industry of India (ASSOCHAM)[4]

At present, he is the Chairman of Maharashtra Council of Federation of Indian Chambers of Commerce and Industry (FICCI). FICCI is the country's apex industry association. Rashesh Shah is also a member of the Directors Forum of the FICCI Center.[1] Recently, he was appointed Vice President of FICCI.[5] He has been a part of the Business Standard jury to select 'Banker of the Year'.[2] He also writes for business newspapers and publications and delivers many speeches, interviews, and lectures on topics related to financial markets, development, macroeconomic policies, and related matters.[1]

Achievements

References

  1. 1 2 3 4 5 6 "Innovation Talks". Ink Talks.
  2. 1 2 Panchal, Salil (Apr 1, 2015). "How Edelweiss built a business for the long run". Forbes India.
  3. 1 2 Bureau, ET (Jun 6, 2014). "Rashesh Shah's journey from a small office in Nariman Point to Edelweiss House". The Economic Times.
  4. 1 2 3 "About Rashesh Shah". Edelweiss Financial Services.
  5. 1 2 3 "Edelweiss Board of Directors". Edelweiss Financial Services.
  6. 1 2 Bhargava, Anjuli (Mar 11, 2008). "Shah: The man who makes 'crorepatis'". Rediff.com.
  7. ↑ Choudhary, Sonya (Nov 19, 2010). "The trickle-down effect". Live Mint.
  8. 1 2 Zachariah, Reeba; V K, Vipashana (Mar 3, 2014). "'Fear sets in if you don't grab opportunities,' is Vidya Shah's message for women". The Economic Times.
  9. 1 2 3 Shah, Rashesh (Jun 16, 2013). "Rashesh Shah: Every setback is an opportunity to recalibrate". Forbes India.
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