Article · Wikipedia archive · Last revised Aug 2, 2026

Mirae Asset Sharekhan

Last revised
Aug 2, 2026
Read time
≈ 2 min
Length
406 w
Citations
18
Source
Wikipedia ↗
Mirae Asset Sharekhan
TypePrivate
IndustryFinancial services
Founded1995 (1995)1
FounderShripal Morakhia
HeadquartersMumbai,
India
Key people
Moon Kyung Kang (CEO)2
Number of employees
3,500 (2024)3
ParentMirae Asset Financial Group
Websitewww.sharekhan.com

Introduction

Mirae Asset Sharekhan is an Indian brokerage firm headquarted in Bandra Kurla Complex,Mumbai. The company operates over 4000 plus Outlets (Own Branches and Partners) in India, serving 3.1 million clients.4

In November 2024, Sharekhan was acquired by the Mirae Asset Financial Group for ₹3,000 crore (487 billion won),5 and was rebranded as Mirae Asset Sharekhan.67 Mr. Moon Kyung Kang is the current Chief Executive Officer (CEO) of Mirae Asset Sharekhan.8

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.910

Sharekhan was acquired by BNP Paribas in 2017. It was rebranded as "Sharekhan" by BNP Paribas.11

As of March 2024, Sharekhan was ranked eighth among retail brokerages, with over 700,000 active clients.12

On 28 November 2024, Mirae Asset Financial Group announced the completion of its acquisition of Sharekhan for ₹3,000 crore (487 billion won).121314 The entity was renamed Mirae Asset Sharekhan.6 It became the group's second brokerage platform, following the launch of m.Stock in 2022.12

References

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. Choe, Man-Su (27 November 2024). "Mirae Asset aspires to No. 5 in Indian securities market with Sharekhan". KED Global.
  4. https://www.sharekhan.com/
  5. Young-sil, Yoon (27 November 2024). "Mirae Asset Securities Completes Acquisition of Indian Brokerage Firm Sharekhan". Businesskorea (in Korean).
  6. Awasthi, Nishtha (28 November 2024). "Mirae Asset Financial Group completes acquisition of Sharekhan". The Economic Times. ISSN 0013-0389.
  7. Narayanan, KS Badri (28 November 2024). "Mirae Asset completes ₹3,000 cr acquisition of Sharekhan, expanding financial footprint in India". BusinessLine.
  8. https://www.sharekhan.com/our-team
  9. "Sharekhan to enter discount broking busines - CNBC TV18". CNBCTV18. 2 June 2020.
  10. "Sharekhan hopes to double customer base in next five years". The Hindu Business Line. 5 January 2017.
  11. "BNP Paribas To Invest €70 Million In Sharekhan Over The Next 3 Years". Bloomberg Quint. 5 January 2017.
  12. 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.
  13. "Mirae Asset Financial Group completes acquisition of Sharekhan". Moneycontrol. 28 November 2024.
  14. Staff, Entrepreneur (29 November 2024). "Mirae Asset Financial Group Completes Acquisition of Sharekhan". Entrepreneur.