Mirae Asset Financial Services

Mirae Asset Financial Services is the Indian retail financial services arm of Mirae Asset Financial Group, a Seoul-based asset manager founded by Park Hyeon-joo. The Indian entity operates as a group subsidiary and is known for Mirae Asset Securities (India), which offers discount brokerage services, and for distributing Mirae Asset mutual fund products to Indian retail investors, while also providing margin trading finance and other loan products to brokerage clients. The brand belongs to a global group that originated in emerging market equity asset management. Founded in 1997, Mirae Asset has grown into one of Asia's largest independent asset managers, with operations across Asia, the Americas and Europe. Its Indian business was built up over the course of the 2010s as the group expanded retail brokerage and wealth management in one of the world's fastest-growing savings markets. In India, the brand competes with local platforms and other foreign entrants in a crowded discount brokerage and wealth distribution market. Its positioning rests on low-cost online trading, the group's own fund product line, and the credibility of a large Asian asset management parent. The Indian business is a subsidiary rather than a separately listed company, and its financial results are consolidated into the group's statements. Because the Indian entity is small relative to the large group, public disclosure is limited. The following profile records established facts about the brand and its parent, and flags where precise data is unavailable.

Mirae Asset Financial Group was founded in 1997 in Seoul by Park Hyeon-joo, initially as an asset manager focused on emerging-market equities. It grew through the 2000s into one of Asia's larger independent asset managers, expanding into mutual funds, alternative investments and, later, brokerage and insurance. The group's international footprint came to include offices and subsidiaries across Asia, including India, Hong Kong, and Southeast Asia, as well as the Americas and Europe. The Indian business, Mirae Asset Financial Services, was developed as the group's retail financial-services platform in India. Its most visible operation is Mirae Asset Securities (India), a discount brokerage that offers online trading in equities, derivatives and mutual funds. The Indian entity also distributes Mirae Asset's own mutual fund products, which are managed by Mirae Asset Investment Managers (India), and provides financing facilities such as margin trading to brokerage clients. India's retail broking market expanded rapidly in the 2010s and 2020s as smartphone penetration and low-cost platforms brought in millions of first-time investors. Mirae Asset's Indian arm competed in this market as a foreign-backed discount broker, leveraging the group's brand and fund-management reputation. The entity operates as a subsidiary of the Korean group rather than as a separately listed company, and its results are consolidated within the parent's financial statements. Publicly available detail on the Indian subsidiary's founding date, leadership and financial performance is limited, and this dossier does not assert figures that are not well established. The brand's significance lies mainly in extending the Mirae Asset name into Indian retail investing and in providing a distribution channel for the group's funds in that market.

• 1997

  Mirae Asset Financial Group founded in Seoul by Park Hyeon-joo.

• Mirae Asset Financial Services established as the group's Indian retail financial-services platform.

Low-cost online broking and wealth distribution backed by a large Asia-based asset manager.

• Mirae Asset Securities (India) online broking

• Mutual fund distribution

• Margin trading finance

• Unconfirmed

  Reported2026.08.11

  Mirae Asset Financial Services launches loan against shares held in CDSL demat accounts[1]未来资产金融服务推出针对CDSL账户持股的股票质押贷款thehindubusinessline.com

  Mirae Asset Financial Services, the NBFC arm of Mirae Asset Financial Group, launched an online loan against equity shares held in CDSL demat accounts, allowing customers to pledge shares digitally without branch visits or physical paperwork. Loans range from ₹25,000 to ₹1 crore with loan-to-value ratios of 45-30 per cent and interest of 10.25 per cent on the outstanding loan.

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1. 1未来资产金融服务推出针对CDSL账户持股的股票质押贷款thehindubusinessline.com