Mirae Asset Consolidates Lending Operations Under Mirae Asset Financial Services
Mirae Asset Financial Services (India) Pvt. Ltd., a Non-Banking Financial Company (NBFC), today announced the completion of its merger with Mirae Asset Sharekhan Financial Services Limited, an NBFC subsidiary. With this merger, the lending operations of both entities will now be consolidated under Mirae Asset Financial Services, effective March 11, 2026.
Mirae Asset Sharekhan Financial Services primarily offered secured lending products such as loans against securities, serving customers with large investment portfolios and higher loan ticket sizes.
Mirae Asset Financial Services has been focussing on digital lending solutions, including loans against mutual funds and shares with a fully digital onboarding process. The company also offers personal loans through its digital platforms and partnerships, serving a broad base of retail customers.
Following the merger, Mirae Asset Financial Services will combine these capabilities to offer both digital retail lending and high-value secured lending solutions. The company plans to continue its digital offerings while also expanding its loan against securities proposition through a combination of digital and relationship-led assisted onboarding. The integration is expected to strengthen the company’s position in the growing lending market, particularly in lending against financial assets such as mutual funds and shares.
Commenting on the merger, Krishna Kanhaiya, CEO of Mirae Asset Financial Services, said: “This merger marks an important milestone in building a stronger lending platform. By combining our digital capabilities with the experience of Mirae Asset Sharekhan Financial Services, we are now better positioned to serve a wider range of customers from individuals seeking quick digital credit to borrowers with larger and more structured financing needs. Our focus remains on providing credit in a fast, simple and transparent manner.”
Existing customers will continue to be serviced without any change in the terms of their existing loan accounts.
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