Mirae Asset Capital Markets announced that it has received a capital infusion of INR 1,240 crore from its headquarters in Seoul, South Korea. With this latest capital injection, Mirae Asset Capital Markets has reached a total funding value of INR 3,190 crore reflecting its headquarters’ belief in the enormous growth potential of the Indian market. This also reinforces Mirae Asset’s commitment to expand its presence in the country.
Mirae Asset is disrupting the market with its tech-driven approach at m.Stock, its retail stock broking arm. It has generated INR 1.4 lakh crore in turnover from 2.5 lakh paid accounts and 65% active clients, and has reported a book size of over INR 270 crore since the launch of its Margin Trading Facility. Mr. Robinson Francis, Chief Operating Officer& Additional Director,Mirae Asset Capital Markets (India) Pvt. Ltd, said, ” This investment also serves as a testament to the confidence we have in the business model, the team, and the potential for remarkable accomplishments of providing comprehensive and innovative financial solutions to meet the evolving needs of our esteemed clients throughout the country.”