Mirae Asset Securities currently stands at the sixteenth spot when it comes to NSE active clients, and with its recent Sharekhan acquisition, it aims to break into the top five within five years. "We don't want to be satisfied with where we are, we want to be in top five," said Yoo Jisang, CEO, Mirae Asset Capital Markets India.
On December 12, Mirae Asset acquired retail broking firm Sharekhan from BNP Paribas for Rs 3,000 crore, marking a shakeup in the industry. As of November end, Mirae Asset had 2.42 lakh NSE active clients while Sharekhan had 6.24 lakh active clients and was in the 11th spot.
"We have no plans to merge Sharekhan and mStock apps yet. It is too early to say that. Currently, we are focusing on leveraging Sharekhan's 4,000 business partners and 130-plus branches to acquire more customers. Given its (Sharekhan) wide presence, we feel like we have purchased the Indian market and not just one company," said Jisang.
