Shah is also the Chairman & CEO of Edelweiss Group. Sandip Somany was elected Ficci's Senior Vice-President and Sangita Reddy its Vice President.
"Rashesh Shah has spent over 25 years in the corporate and financial markets sector and is one of the leading spokespersons for the industry," Ficci said in a statement.
Somany is the Vice Chairman & Managing Director of HSIL Limited, a building materials company.
Reddy is the Joint Managing Director of the Apollo Hospitals Group.