Bangalore: The financial services major, Edelweiss Group, is all set to recruit 30,000 to 40,000 people in next 3 to 5 years, as a result of its expansion plans. The company is planning to increase its reach in insurance, mutual fund, housing loan and other retail-focused markets. The company will hire mostly for insurance and other retail-focused markets, according to Rashesh Shah, chairman, Edelweiss Group. Edelweiss, which already has strength of almost 2,500 employees, might hire 100 to 150 people for its wholesale businesses. However, the focus will be primarily on retail focused businesses. Till now Edelweiss's main attention has been on the wholesale side in businesses-brokerage, NBFC and asses management. However, it has started focusing on the retail side of the businesses too. According to Shah, the company has recently acquired Anagram Stock Broking, which is a part of its expansion plans. In the insurance sector, the Edelweiss Tokyo Life Insurance Company has got first-stage clearance from IRDA (Insurance Regulatory and Development Authority). It is hopeful of getting other clearances within next few months. There will be a launch of another retail-focused business in 2011, according to Shah. The company is also expecting to acquire 2 percent of housing finance market in next 5 years.