Indian economy is reviving: Edelweiss Financial Services

Edelweiss Financial Services posted a strong topline growth that boosted the earnings for the company. In an interview to CNBC-TV18, Rashesh Shah, Chairman & CEO discussed the company’s Q2 performance and also shared his views on the news of Bharat Forge looking to bid for Amtek Auto.

As an asset reconstruction company, Edelweiss is now the biggest in the industry and in the last five years has partnered with a lot of banks to help them aggregate the debt, price it down and also work on the restructuring of the companies, he said.

In National Company Law Tribunal (NCLT) almost every company is finding four-five buyers, which gives us confidence that Indian economy is on the revival, he added.

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