Mirae Asset Sharekhan

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Mirae Asset Sharekhan
Company type Private
Industry Financial services
Founded1995;30 years ago (1995) [1]
FounderShripal 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.sharekhan.com

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

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

  1. ↑ Balakrishnan, Reghu (4 March 2015). "Actis, Warburg, Indian banks in race to acquire Sharekhan". Business Standard.
  2. ↑ "Mirae Asset Sharekhan appoints Moon Kyung Kang as CEO". MarcaMoney. 17 November 2025.
  3. 1 2 Choe, Man-Su (27 November 2024). "Mirae Asset aspires to No. 5 in Indian securities market with Sharekhan". KED Global.
  4. ↑ "BNP To Invest Euro 70 Million In Sharekhan, Not To Exit Geojit". NDTV Profit. 5 January 2017.
  5. ↑ "Mirae Asset Acquires Sharekhan". India Infoline. 28 November 2024.
  6. ↑ Yadav, Pihu (2 April 2024). "CCI approves acquisition of Sharekhan and Human Value Developers - CNBC TV18". CNBCTV18.
  7. ↑ Young-sil, Yoon (24 January 2025). "Mirae Asset Securities Fully Owns Indian Subsidiary with Major Share Acquisition". Businesskorea (in Korean).
  8. ↑ Young-sil, Yoon (27 November 2024). "Mirae Asset Securities Completes Acquisition of Indian Brokerage Firm Sharekhan". Businesskorea (in Korean).
  9. 1 2 Awasthi, Nishtha (28 November 2024). "Mirae Asset Financial Group completes acquisition of Sharekhan". The Economic Times. ISSN   0013-0389.
  10. ↑ Narayanan, KS Badri (28 November 2024). "Mirae Asset completes ₹3,000 cr acquisition of Sharekhan, expanding financial footprint in India". BusinessLine.
  11. ↑ "Sharekhan to enter discount broking busines - CNBC TV18". CNBCTV18. 2 June 2020.
  12. ↑ "Sharekhan hopes to double customer base in next five years". The Hindu Business Line. 5 January 2017.
  13. ↑ "BNP Paribas To Invest €70 Million In Sharekhan Over The Next 3 Years". Bloomberg Quint. 5 January 2017.
  14. 1 2 3 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.
  15. ↑ "Mirae Asset Financial Group completes acquisition of Sharekhan". Moneycontrol. 28 November 2024.
  16. ↑ Staff, Entrepreneur (29 November 2024). "Mirae Asset Financial Group Completes Acquisition of Sharekhan". Entrepreneur.
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