February 8, 2023

Dear Sherus,

We are celebrating the 23rd birthday of Sharekhan today. Exactly 23 years ago, the Tiger cub had entered the financial jungle as a small start-up. Today, Sharekhan -- a team of over 3,800 Sherus and 3,900 Business Partners spread across 675 cities of India -- is engaged as a full-service broker in helping more than 27 lakh customers achieve their financial goals. Over the years, it has pioneered new business concepts, achieved numerous milestones and won many laurels. All this would not have been possible without the talent, support and commitment of the Sherus. I thank all present and past Sherus for the success of Sharekhan.

I also take this opportunity to congratulate you all on the many milestones we achieved in 2022. Our customer base crossed 27 lakh customers, we successfully implemented segmentation and cluster realignment in the organisation, our EMF book crossed Rs.1,000 crore and we were recognised by the top exchanges for our efforts in the equity and commodity broking businesses to name a few. These milestones wouldn’t have been possible without having the best talent in the industry by our side.

The future is exciting, replete with opportunities. There remains a huge demand for our offerings, given that only a fraction of the Indian population invests in the stock markets. Moreover, the surge in the stock market in 2020 and 2021 has increased the popularity of equity and mutual fund investments in our country. Let us work together to grab every opportunity that comes our way and find new ways to add value to our customers’ life. Let us do whatever it takes to become the loved financial service partner of Indians. If you have any ideas on how to achieve this, please share with us (by clicking this link: https://forms.office.com/r/M5C2phFCCL). We value your ideas, feedback and suggestions, and would love to hear from you.

We have already chalked out our long-term business plan, Vision 2025, and communicated it to you through various channels. Just to reiterate, growth, diversification, continuous innovation, customer advocacy and great place to work are the five pillars of our vision. Though equity broking remains our core business, an increased focus on asset gathering will bring us a good source of alternative revenue. In this everchanging world, transformation will be the key to overcoming the challenges of our business that include intense competition from disruptors, increased regulatory compliance and inherent business risks. The ability to adapt to and embrace changes in the business and work environments combined with your entrepreneurship, innovative mindset and commitment will make Sharekhan unstoppable.

Staff well-being has been and will remain one of our top priorities. Sharekhan will continue to work on providing a safe, diverse and inclusive work environment to all its staff, an environment where people are respected regardless of their differences, talent thrives, new ideas flourish and Sherus feel proud of their achievements. In the year ahead, we will do our best to empower and enable the Sherus to achieve the ambitions of Vision 2025.

I am proud of what we have achieved together in the last 23 years and excited for the future that we are building together.

Many thanks to you all once again for helping make Sharekhan a great company, let us now take it to greater heights.

Here is to an amazing future together!

Happy Sharekhan Day!

Best regards,
Jaideep Arora
Director and Chief Executive Officer
Sharekhan