About Edelweiss Financial Services Limited

Edelweiss Financial Services Limited (EFSL), incorporated in 1995, has grown into a diversified financial services group with operations across asset management, credit, insurance, and asset reconstruction. Headquartered in Mumbai, EFSL has built a strong presence with over 10 million customers and manages customer assets of approximately Rs 2.2 trillion as of March 31, 2025.

The company operates through a portfolio of seven businesses: alternative assets (EAAA India Alternatives Ltd), mutual funds (Edelweiss Asset Management Ltd), asset reconstruction (Edelweiss Asset Reconstruction Company Ltd), NBFCs (ECL Finance Ltd and Edelweiss Retail Finance Ltd), housing finance (Nido Home Finance Ltd), general insurance (Zuno General Insurance Ltd), and life insurance (Edelweiss Life Insurance Company Ltd). These businesses are designed to be well-capitalised, operationally independent, and future-ready.

Edelweiss has consistently evolved, from its origins in capital markets to becoming one of India’s largest diversified financial services groups. Among its key milestones in FY25 were customer reach expanding 36% year-on-year to about 10 million, raising Rs 38 billion through India’s largest maiden rental yield fund, and sustaining strong solvency and capital adequacy ratios across its insurance and lending businesses.

Edelweiss Financial Services Limited Business Segments

• EAAA (Alternatives): Assets under management (AUM) grew 9% year-on-year to Rs 596 billion, with an annual recurring revenue AUM of Rs 450 billion. About 52% of AUM was from India, 23% from North America, 18% from Europe, and 7% from other geographies.

• Mutual Fund: AUM reached Rs 1,418 billion, up 12% YoY. Equity AUM stood at Rs 625 billion, representing 44% of total, with equity inflows of Rs 130 billion, 2.7x higher than the previous year.

• Asset Reconstruction: Fee-paying AUM was Rs 122 billion with recoveries of Rs 57.3 billion during the year, 14% of which came from retail portfolios.

• NBFCs: Retail disbursements were Rs 3.42 billion, while the wholesale book was reduced by 40% to Rs 25 billion. Capital adequacy was maintained at 32.9%
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• Housing Finance: Nido disbursed Rs 17.03 billion, up 29% YoY, with 29% via co-lending. Over 70% of loans were in the affordable housing segment
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• General Insurance: Zuno GI issued about 5,95,000 policies, up 38% YoY, and posted 19% growth in gross direct premium income, outpacing the industry’s 6% growth
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• Life Insurance: Individual Annual Premium Equivalent grew 12% YoY to Rs 5.75 billion. AUM rose 17% to Rs 93.72 billion, with a claim settlement ratio of 99.29%.

Edelweiss Financial Services Limited Key Management

• Rashesh Shah – Chairman & Managing Director

• Shiva Kumar – Vice Chairman & Non-Executive Director

Vidya Shah – Non-Executive, Non-Independent Director & Chairperson, Edelweiss ESG Council

Latest Updates on Edelweiss Financial Services Limited

During FY25, Edelweiss achieved consolidated revenue of Rs 9,519 crore and consolidated PAT (post minority interest) of Rs 399 crore. Net worth stood at Rs 5,918 crore, while net debt declined 27% YoY to Rs 11,170 crore. Notable developments included the launch of the Special Situation India Fund and Green Energy Fund, as well as Zuno’s introduction of usage-based insurance products like Pay-How-You-Drive. The Life Insurance business launched Guaranteed Flexi STAR and expanded its product suite by filing ten new products with IRDAI.