Plus500 has purchased Indian financial services company Mehta Equities in a bid to enter one of the globe’s largest retail trading markets.
Over 150 billion contracts were traded in India last year representing more than 75% of the global transaction volume in 2024, according to the Futures Industry Association.
David Zruia, CEO of Plus500, said the £20m acquisition “marks a significant milestone in [its] global expansion strategy” as the firm seeks to expand its reach beyond the US futures market.
“By combining Plus500’s cutting-edge technology with Mehta’s local presence and expertise, we aim to accelerate growth and unlock new opportunities in this dynamic and fast-growing market,” he added.
“This acquisition aligns with our vision to strengthen our position as a leading multi-asset fintech group, providing seamless and innovative access to financial markets worldwide.”
Mehta Equities was founded by Rakesh Mehta in 1995, who will continue to run the firm under the new ownership.
He said: “We are proud and excited to be joining a well renowned and established global fintech group such as Plus500. We look forward to a successful future together as we work collectively to grow the businesses and take them to the next level”.