Sharekhan plans to acquire 600 franchisees this fiscal

India’s leading online retail broking house, Sharekhan, looks to acquire around 600 franchisees largely in the country’s tier-II and III cities in this financial year. It currently has 155 branches with one international branch in the UAE and 2,148 active franchisees across 525 Indian cities.

Hanumanth Rao, Associate Vice President, Business Partner Group- Sharekhan Ltd says: “There is a humongous opportunity for online trading especially with the growing penetration of the Internet. Online trading helps in scalability of the business, brings transparency in a regulated industry like ours and protects the interests of clients.”

On the kind of franchisees Sharekhan is looking for, Rao comments: “We seek partners who possess financial knowledge as well as honesty, integrity and transparency in dealing with customers. A franchisee should have the ability to invest in the business, get customers and care for the customers.”

Sharekhan is one of India’s leading online retail broking house. Launched in 2000 as an online trading portal, today Sharekhan has a pan-India presence with over 2,100 outlets serving 1.2 million+ customers across 525 cities and offers services like trade execution in equities, futures & options, commodities and currencies, portfolio management, investment advisory and distribution of mutual funds and other financial products.

Sharekhan has set category leadership through pioneering initiatives like “TradeTiger”, an Internet based executable application that emulates a broker terminal besides providing information relevant to active traders. Sharekhan's initiative, “First Step” is targeted at empowering first-time investors. Sharekhan has ventured into trader education with US-based Online Training Academy, one of the leading organisations in trading and investment education globally.