Mirae Asset Sharekhan
Mirae Asset Sharekhan is an Indian brokerage firm. The company operates over 120 branches in India, serving 3.1 million clients.
In November 2024, Sharekhan was acquired by the Mirae [Asset Financial Group] for ₹3,000 crore, and was rebranded as Mirae Asset Sharekhan.
History
Sharekhan was founded in 1995 by Mumbai-based entrepreneur Shripal Morakhia, 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.Sharekhan was acquired by BNP Paribas in 2017. It was rebranded as "Sharekhan" by BNP Paribas.
As of March 2024, Sharekhan was ranked eighth among retail brokerages, with over 700,000 active clients.
On 28 November 2024, Mirae Asset Financial Group announced the completion of its acquisition of Sharekhan for ₹3,000 crore. The entity was renamed Mirae Asset Sharekhan. It became the group's second brokerage platform, following the launch of m.Stock in 2022.