Sharekhan Limited

Sharekhan Limited, now operating as Mirae Asset Sharekhan, is a full-service stock brokerage firm in India that was officially launched on February 8, 2000. The company was founded by entrepreneur Shripal Morakhia, whose family had a background in equity broking and established the SSKI Group. Sharekhan was created as the retail broking arm of SSKI and pioneered online trading in India, aiming to make stock market investing accessible to individual retail investors, who previously had limited access.

The company's journey includes several significant ownership changes. Initially backed by private equity firms like Warburg Pincus and General Atlantic, Sharekhan was acquired by the French banking group BNP Paribas in a deal announced in 2015 and completed in November 2016. In December 2023, South Korea's Mirae Asset Financial Group signed an agreement to acquire Sharekhan from BNP Paribas for approximately ₹3,000 crore ($360 million), with the acquisition officially completed in November 2024. This latest acquisition led to the rebranding of the firm to Mirae Asset Sharekhan.

The business operates on a full-service brokerage model, distinguishing itself from discount brokers by providing in-depth research, dedicated relationship managers, and investor education. Revenue is generated primarily through brokerage fees on transactions across various financial instruments. These include a percentage-based fee for equity delivery and intraday trades, and specific charges for futures and options. The firm offers both postpaid and prepaid brokerage plans to cater to different trading volumes. Sharekhan serves a diverse client base, including individual retail investors, traders, and Non-Resident Indians (NRIs), with over 3 million clients as of early 2024.

Sharekhan provides a comprehensive suite of financial products and services. Its core offering is trade execution for equities, derivatives, commodities, and currencies on major Indian exchanges like BSE and NSE. The company also offers depository services, mutual fund distribution, Initial Public Offerings (IPOs), and Portfolio Management Services (PMS). Clients can access these services through multiple platforms, including the website, the 'TradeTiger' desktop trading terminal, and mobile applications. A key selling point is its extensive physical presence, with a network of over 120 branches and more than 4,400 business partners across hundreds of cities, combined with its robust online platforms.

Keywords: stock brokerage, online trading India, full-service broker, Mirae Asset, Shripal Morakhia, equity trading, derivatives trading, portfolio management services, TradeTiger, financial services, Indian stock market, demat account, retail investing, BNP Paribas acquisition, mutual funds distribution, investment advisory, commodity trading, currency trading, share market analysis