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Swarup Mohanty becomes first non-Korean person to be Mirae Asset Financial Group’s Vice Chairman
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₹13,537 crore) in India, Mirae towers over other foreign asset managers in the nation. The firm's Indian arm has amassed a client base nearing six million, and the profits are soaring, touching up to 40 billion won ( ₹247 crore) annually.
Mirae Asset’s continued success in India is often cited as a triumph of South Korean financial forays into foreign markets. The conglomerate’s Mumbai office has been functional since 2006, acting as a testament to the South Korean industry’s effective overseas expansion strategies.
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