Edelweiss Financial Services’ wholly owned subsidiary - Edelweiss General Insurance Company has received the second stage of regulatory clearances required for carrying on the business as a general insurance company in India. The Insurance Regulatory & Development Authority of India (IRDAI) has accepted the registration application form 'IRDA/R2', for setting up a general insurance company in India, filed by Edelweiss General Insurance Company.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
