Sharekhan

Sharekhan is the 5th largest retail brokerage firm in India in terms of customer base [1].[2] 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.

For the character of Jungle Book, see Shere Khan.

Sharekhan Ltd
FoundedFebruary 2000
HeadquartersMumbai,
India
Country of originIndia
CEOJaideep Arora
IndustryFinancial Services
ParentBNP Paribas
URLSharekhan.com

Background

Sharekhan was founded by Mumbai-based entrepreneur Shripal Morakhia in 2000. Sharekhan pioneered the online retail brokerage 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 4800+ employees, and is present in over 575 cities through 153 branches, and 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. "Top 20 Share Brokers in India 2020". Chittorgarh.
  2. "BNP To Invest Euro 70 Million In Sharekhan, Not To Exit Geojit". NDTV Profit.
  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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