‘India Is Always a Drama’: A Q&A With Edelweiss’s Rashesh Shah
The man behind the $1 billion group built on credit, insurance and wealth management likens it to a marathon: Keep a measured pace and don't start too fast.
From a small office in downtown Mumbai to an imposing steel-and-glass building overlooking the city’s Bandra-Kurla Complex financial hub, Rashesh Shah, 55, has come a long way. Shah, armed with an MBA from India’s top business school and expertise gleaned from his time at one of the nation’s largest banks, partnered with a colleague in 1995 to set up Edelweiss Financial Services.
Named after the Alpine flower that grows in harsh terrain, the firm took root in the stock market and blossomed into a $1 billion group built around credit, insurance, and wealth management. But it’s Edelweiss’s status as India’s top buyer of bad loans that’s attracted funds such as Caisse de Dépôt et Placement du Québec.