Sharekhan is an Indian retail brokerage full-service brokerage firm, that , was the fifth largest full-service firm and the 8th largest stock broker in India with 16

lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For ...

customers. Sharekhan was 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,

Employee Stock Ownership Plan Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, E ...

financing,

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

financing and wealth management.

History

Sharekhan was founded by Mumbai-based entrepreneur

Shripal Morakhia Shripal Morakhia (Marathi: श्रीपाल मोराखिया) is an Indian businessman, film director and film producer. Morakhia is best known for his directorial debut Naina (2005). Presently, Morakhia is chairman of ''Smaaash'' ...

in 2000. Sharekhan pioneered the Indian 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. , Sharekhan has 4800+ employees, and was present in over 575 cities through 153 branches, and more than 2,500 business partners. The company had 1.4 million customer base and on an average, executes more than 4 lakh trades per day.

2017 - Acquisition by BNP Paribas

Sharekhan was acquired by

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the gro ...

in 2017, it was rebranded as ''Sharekhan by BNP Paribas''.

References

{{Online brokerages Financial services companies established in 2000 Companies based in Mumbai Brokerage firms 2000 establishments in Maharashtra Indian companies established in 2000