Sharekhan

Sharekhan Ltd
Founded February 2000
Headquarters Mumbai, India
Country of origin India
CEO Jaideep Arora
Industry Financial Services
Parent BNP Paribas
Website Sharekhan.com

Sharekhan is the largest standalone retail brokerage in the country and the third largest in terms of customer base after ICICI Direct and HDFC Securities.[1] Sharekhan is one of the pioneers of online trading in India.It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, ESOP financing, IPO financing and wealth management.

Background

Sharekhan was founded by Mumbai-based entrepreneur Shripal Morakhia in 2000.[2] Sharekhan pioneered the online retail broking industry and leveraged on the first wave of digitization, when dematerialization (demat) of securities came into effect and electronic trading was introduced in the stock exchanges.[3]

In India, Sharekhan has over 4800+ employees, and is present in over 575 cities through 153 branches, more than 2,500 business partners[4]. The company has 1.4 million customer base[5] and on an average, executes more than 4 lakh trades per day.

Acquisition of Sharekhan by BNP Paribas

Sharekhan is now a fully owned subsidiary of BNP Paribas, it was rebranded as Sharekhan by BNP Paribas.[6], [7]

References

  1. ↑ "BNP To Invest Euro 70 Million In Sharekhan, Not To Exit Geojit". NDTV Profit.
  2. ↑ "BNP Paribas completes acquisition of Sharekhan". Live Mint.
  3. ↑ "Sharekhan hopes to double customer base in next five years". The Hindu Business Line.
  4. ↑ "Online broking firm Sharekhan faces hacking attempt at its IT systems". Daily News and Analysis. 5 April 2018. Retrieved 20 July 2018.
  5. ↑ "Sharekhan hopes to double customer base in next five years". The Hindu Business Line. Retrieved 20 July 2018.
  6. ↑ "BNP Paribas To Invest €70 Million In Sharekhan Over The Next 3 Years". Bloomberg Quint.
  7. ↑ "Sharekhan 4th Largest Stock Broker in India ( UCC Data by NSE Exchange)".
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