[2][1] Rashesh Shah was a student of Bharatiya Vidya Bhavan and Manav Mandir High School in Mumbai.

He completed a Bachelor of Science degree in statistics from KC College, Mumbai, and spent a year studying exports at the Indian Institute of Foreign Trade (IIFT), Delhi.

[8] Due to an inability to meet SEBI's capital requirement of ₹5 crore, Shah and Ramaswamy adjusted their business plan, focusing on private equity syndication, mergers and acquisitions (M&A), and advisory services.

[12] Rashesh Shah, Co-founder and Chairman of the Edelweiss Group, has received several awards and recognitions throughout his career for his contributions to the financial services sector and his leadership in corporate social responsibilities.

In January 2020, the Enforcement Directorate issued summons to Edelweiss Group and Shah to join a case involving an alleged INR.