Edelweiss Asset Management Company Ltd., one of India’s fastest-growing mutual fund companies, has partnered with Snowflake to modernize its data infrastructure using Snowflake’s AI Data Cloud. This transformation has boosted operational agility, enhanced investor experience, and reduced costs. With Snowflake’s cloud-native infrastructure, Edelweiss AMC has achieved significant cost savings, reducing its data warehousing spending by 50%. The company has unified its data into a single environment, enabling it to manage larger data volumes and complex workloads with speed and efficiency.
The partnership has also improved operational efficiency, with End-of-Day processing reduced to under 2 hours from 8 hours, and management information system reports now available 5 hours before business hours. The separation of compute and storage has provided consistent performance during peak usage, enhancing system responsiveness and enabling the business to focus on innovation. Edelweiss AMC has also gained a more unified view of customer behavior and needs, enabling teams to respond dynamically and deliver personalized investor experiences with faster service.
Snowflake’s robust security, governance, and compliance features have enabled Edelweiss AMC to meet stringent local and global regulatory standards while reducing operational complexity and cost. The company has implemented column-level encryption with its own encryption managed keys, ensuring that sensitive data is encrypted at the source and accessible only to authorized personnel. This secure environment allows near-real-time data sharing and collaboration with partners, speeding up coordination across areas like supply chains and marketing.
Edelweiss AMC plans to leverage Snowflake’s integrated AI features, such as Cortex AI, large language model support, and Snowpark ML, to embed intelligence directly into business processes, automating workflows and unlocking deeper, more powerful insights. The company also plans to use Snowflake’s AI Data Cloud as the foundation for its future AI and machine learning innovations, including building predictive models to forecast fund flow, optimize liquidity planning, and improve risk management. By analyzing historical transactions and market trends, Edelweiss AMC aims to create personalized recommendation engines to enhance customer engagement and cross-sell opportunities.
The partnership has been praised by both Edelweiss AMC and Snowflake, with Suraj Prakash, Chief Technology Officer, Edelweiss AMC, stating that migrating to Snowflake has been a transformative step for the company, providing a secure, unified, and scalable platform foundational to its data and AI strategy. Vijayant Rai, Managing Director—India, Snowflake, expressed pride in enabling Edelweiss AMC to create a modern investor experience backed by an intelligent data foundation, and is excited to support the company in setting a new industry benchmark in the AMC market.