Edelweiss General Insurance (EGI), one of the fastest growing digital insurance companies in India, has appointed Madhu Malhotra, as its Chief Technology Officer. In this new role, Madhu will spearhead the Technology function at EGI and drive digital innovation in line with the brand’s strategy of transforming the insurance landscape in India through tech driven…
Edelweiss Tokio Life Insurance, a joint venture between India’s Edelweiss Financial Services Ltd and Japan’s Tokio Marine Holdings, announced it has been recognised as a ‘Great Place to Work – Certified‘ for its robust, employee-centric practices. Commenting on the development, Vikas Bansal, Chief Human Resource Officer, Edelweiss Tokio Life Insurance said, “Life Insurance is a noble…
Edelweiss Financial Services announced the appointment of Sarju Simari as the Chief Financial Officer (CFO) of the company, effective from 01 November 2020. Sarju Simaria replaces S Ranganathan as the new CFO. Prior to this role, Sarju was the Deputy Chief Financial Officer. Prior to that, Sarju has been a part of the group for…
Edelweiss Alternative Asset Advisors, a part of Edelweiss Asset Management (EAM), one of India’s leading asset management platforms, announced the final close of its $900 mn alternative investment fund – ESOF III. “This fund raise, amidst subdued economic climate, is a strong endorsement of the opportunities in the Indian alternative asset management space, as well…
The ongoing coronavirus pandemic has claimed more than 1,000 lives of people from all walks of life in India. The virus has become a major health crisis in the country with the Central government imposing nationwide lockdown to contain the virus. In times like these, the government has asked insurance companies to not reject any…
ArcelorMittal Nippon Steel or AM/NS, a joint venture between ArcelorMittal and Nippon Steel recently announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. Bhander, a natural gas-based thermal plant with an installed capacity of 500 megawatt (Mw), will remain captive to AM/NS India’s steel manufacturing…