Mirae Asset Sharekhan
Indian brokerage firm From Wikipedia, the free encyclopedia
Mirae Asset Sharekhan is an Indian brokerage firm.[4][5][6] The company operates over 120 branches in India, serving 3.1 million clients.[7]
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1995[1] |
| Founder | Shripal Morakhia |
| Headquarters | Mumbai, India |
Key people | Jisang Yoo (CEO)[2] |
Number of employees | 3,500 (2024)[3] |
| Parent | Mirae Asset Financial Group |
| Website | www |
In November 2024, Sharekhan was acquired by the Mirae Asset Financial Group for ₹3,000 crore (487 billion won),[8] and was rebranded as Mirae Asset Sharekhan.[9][10]
History
Sharekhan was founded in 1995 by Mumbai-based entrepreneur Shripal Morakhia,[3] whose family had a background in equity broking. It was among the early standalone brokerages in India and was backed by private equity firms Warburg Pincus and General Atlantic.[11][12]
Sharekhan was acquired by BNP Paribas in 2017, it was rebranded as Sharekhan by BNP Paribas.[13]
As of March 2024, Sharekhan was ranked eighth among retail brokerages, with over 700,000 active clients.[14]
On 28 November 2024, Mirae Asset Financial Group announced the completion of its acquisition of Sharekhan for ₹3,000 crore (487 billion won).[14][15][16] The entity was renamed Mirae Asset Sharekhan.[9] It became the group's second brokerage platform, following the launch of m.Stock in 2022.[14]
References
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