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Sharekhan Reviews

Mumbai, Maharashtra

4.0/ 5

2 reviews

Mirae Asset Sharekhan is a prominent full-service retail stockbroking firm in India. Founded on February 8, 2000, by Mumbai-based entrepreneur Shripal Morakhia under the SSKI Group, it pioneered online retail brokerage in India, introducing electronic trading to individual investors during the emergence of dematerialized securities. Originally launched as sharekhan.com, the firm transitioned from a digital startup into one of the country's most prominent financial service providers, building its reputation on non-jargonized, research-backed financial advice. Headquartered in Mumbai, Maharashtra, the company has established an extensive domestic footprint, operating an omnichannel model that balances modern digital trading tools with an extensive brick-and-mortar network. Sharekhan has over 130 branches and a vast system of more than 4,000 business partners, establishing a presence across upwards of 1,100 Indian cities. The brokerage also serves international clients, maintaining branch offices in the United Arab Emirates and Oman to offer dedicated NRI investment services. As a full-service broker, Sharekhan offers an expansive suite of financial products and services. Its core retail operations provide execution and advisory services across equity trading, futures and options (F&O), commodities, and currency segments on major national exchanges like the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Additionally, the company manages portfolio management services (PMS), mutual fund distribution, initial public offering (IPO) financing, loan against shares, and Employee Stock Ownership Plan (ESOP) financing. It also incorporates third-party insurance distribution and a specialized digital gold segment. Technology serves as a primary pillar of Sharekhan's operational framework. The company deploys distinct proprietary platforms tailored to different trading styles: the Sharekhan Website for standard web trading, the Sharekhan Mobile App for on-the-go investors, and TradeTiger, a high-speed advanced desktop terminal designed for professional traders. To facilitate seamless online transactions, the firm maintains integrated e-banking ties with major domestic banking institutions. The company's corporate structure has undergone significant ownership changes. After being backed by private equity firms like Warburg Pincus and General Atlantic in its early years, Sharekhan was fully acquired by the European banking group BNP Paribas in 2016, functioning as a wholly owned subsidiary for several years. In November 2024, South Korea's largest securities company by asset size, Mirae Asset Financial Group, completed the acquisition of Sharekhan from BNP Paribas for ₹3,000 crore (487 billion won). Following this acquisition, the firm was strategically rebranded as Mirae Asset Sharekhan, operating under the broader umbrella of Mirae Asset Capital Markets (India). Led by CEO Moon Kyung Kang, the company serves over 3.1 million customers and remains positioned as one of the top retail brokerages in India's domestic capital market.