Mirae Asset Financial Services

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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

1. 1Mirae Asset launches loan against shares held in CDSLthehindubusinessline.com