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This is an archive article published on February 6, 2011

Edelweiss to hire up to 40,000 staff

Edelweiss Group is planning to hire 30,000-40,000 people.

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Financial services major Edelweiss Group is planning to hire 30,000-40,000 people in the next three to five years as it plans to expand its presence in businesses like insurance,mutual fund,housing loan and other retail-focused markets.

8220;We are planning to increase our headcount by 30,000-40,000 people in the next three-five years,8221; Edelweiss Group Chairman Rashesh Shah said.

The company,which currently has about 2,500 employees,will hire most of the people for the insurance and other retail-focused financial services businesses,Shah added.

Edelweiss,which has so far focused mainly on the wholesale side in all its businesses-brokerage,NBFC,asset management,is now re-orienting itself and would start focusing on the retail side of the businesses.

The wholesale businesses could still see hiring in the range of a 100-150 employees,Shah said.

 

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