Edelweiss Financial's Senior Partner Rajeev Mehrotra quits

Edelweiss Financial Services today said its Senior Partner Rajeev Mehrotra has decided to leave the company for setting up his own credit institution.

Mehrotra was associated with the company for nine years, Edelweiss said in a release here.

He plans to set up a credit institution that will provide intermediate capital to corporate India for it's inorganic growth and corporate actions, including situations that remain untouched by the commercial banks and public institutions, it added.

Mehrotra has been a Senior Partner and Management Committee Member in the firm and also the Fund Manager of $230 million special situation fund.

He was instrumental in starting ECL Finance, the lending arm of Edelweiss, in 2005 in a JV with GIC (Government of Singapore).

 

He has also been on the Board of most of the Edelweiss Group companies, the release added.