 | |
| Industry | Financial services |
|---|---|
| Founded | 1995[1] |
| Founder(s) | Shripal Morakhia |
| Headquarters | Mumbai, India |
Key people | Moon Kyung Kang (CEO)[2] |
Number of employees | 3,500 (2024)[3] |
| Parent | Mirae Asset Financial Group |
| Website | www |
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]
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[edit | edit source]
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[edit | edit source]
- ↑ Balakrishnan, Reghu (4 March 2015). "Actis, Warburg, Indian banks in race to acquire Sharekhan". Business Standard.
- ↑ "Mirae Asset Sharekhan appoints Moon Kyung Kang as CEO". MarcaMoney. 17 November 2025.
- ↑ 3.0 3.1 Choe, Man-Su (27 November 2024). "Mirae Asset aspires to No. 5 in Indian securities market with Sharekhan". KED Global.
- ↑ "BNP To Invest Euro 70 Million In Sharekhan, Not To Exit Geojit". NDTV Profit. 5 January 2017.
- ↑ "Mirae Asset Acquires Sharekhan". India Infoline. 28 November 2024.
- ↑ Yadav, Pihu (2 April 2024). "CCI approves acquisition of Sharekhan and Human Value Developers - CNBC TV18". CNBCTV18.
- ↑ Young-sil, Yoon (24 January 2025). "Mirae Asset Securities Fully Owns Indian Subsidiary with Major Share Acquisition". Businesskorea (in 한국어).
- ↑ Young-sil, Yoon (27 November 2024). "Mirae Asset Securities Completes Acquisition of Indian Brokerage Firm Sharekhan". Businesskorea (in 한국어).
- ↑ 9.0 9.1 Awasthi, Nishtha (28 November 2024). "Mirae Asset Financial Group completes acquisition of Sharekhan". The Economic Times. ISSN 0013-0389.
- ↑ Narayanan, KS Badri (28 November 2024). "Mirae Asset completes ₹3,000 cr acquisition of Sharekhan, expanding financial footprint in India". BusinessLine.
- ↑ "Sharekhan to enter discount broking busines - CNBC TV18". CNBCTV18. 2 June 2020.
- ↑ "Sharekhan hopes to double customer base in next five years". The Hindu Business Line. 5 January 2017.
- ↑ "BNP Paribas To Invest €70 Million In Sharekhan Over The Next 3 Years". Bloomberg Quint. 5 January 2017.
- ↑ 14.0 14.1 14.2 Tiwari, Khushboo. "South Korea's Mirae Asset mulls $150 mn capital infusion in Sharekhan". www.business-standard.com. Archived from the original on 9 October 2024.
- ↑ "Mirae Asset Financial Group completes acquisition of Sharekhan". Moneycontrol. 28 November 2024.
- ↑ Staff, Entrepreneur (29 November 2024). "Mirae Asset Financial Group Completes Acquisition of Sharekhan". Entrepreneur.
