Edelweiss Financial Services Ltd (EFSL) on Friday announced that Venkat Ramaswamy will step down from his executive responsibilities at EAAA India Alternatives Ltd (EAAA), effective September 30, 2025. The company stated that Ramaswamy is stepping back due to personal reasons, but will continue to serve on the EFSL board and remain actively involved as a promoter, supporting the company’s next phase of growth.

To ensure strategic continuity and strengthen governance as EAAA moves toward a planned listing in April 2026, Mr. Rashesh Shah — currently Chairman of the EAAA board, will assume the role of Executive Chair. In this capacity, he will provide strategic oversight and leadership to the alternative asset management business.

EFSL confirmed that operational continuity has already been secured, with Amit Agarwal and Subahoo Chordia taking over as Co-CEOs of EAAA over the past two months. Both leaders bring nearly two decades of experience within the Edelweiss group, ensuring a seamless leadership transition as the firm prepares for its public debut.

Rashesh Shah, Chairman and Managing Director, Edelweiss Financial Services, said, Venkat has been a key part of the Edelweiss story since its inception and has played a defining role in our journey, from shaping the Group’s strategy to building the asset management businesses, particularly the Alternatives platform, into one of India’s leading franchises.

Venkat Ramaswamy, CEO & MD EAAA, said, Edelweiss has been my professional home for nearly three decades, and it has been an incredible journey building this institution alongside Rashesh and so many talented colleagues. Together, we have grown the asset management businesses, especially the Alternatives platform — into a respected and trusted franchise.