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. 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.
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Background
Sharekhan was founded by Mumbai-based entrepreneur Shripal Morakhia in 2000. 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.
In India, Sharekhan has over 3500 employees, and is present in over 500 cities through 154 branches, more than 2,300 business partners. The company has 14 lakh clients and on an average, executes more than 4 lakh trades per day.
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Sharekhan is now a fully owned subsidiary of BNP Paribas, it was rebranded as Sharekhan by BNP Paribas.
References
Source of the article : Wikipedia
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