This paper deals with two‐dimensional steady boundary layer flow, heat, and mass transfer characteristics of micropolar nanofluid past on exponentially stretching/shrinking surface. The effect of different physical parameters like magnetic field, buoyancy, thermal radiation, and connective heat transfer are examined. Furthermore, similarity solutions are obtained by similarity transformation on the governing system of partial differential equations. The shooting method with help of the Maple software is used to achieve the numerical solutions of the equations. For the different ranges of the applied parameters, triple solutions are obtained for both cases of the surface. In view of the triple solutions, stability analysis is performed by bvp4c in the MATLAB software, where only first solution is found feasible which is discussed. The main findings of the first solution indicate the skin friction, drag force, heat, and mass transfer rates are increasing for the λ > 0 and decreasing for λ < 0 as the K is enhanced. The velocity profiles decrease with increase in magnetic, slip velocity, and suction parameters. The temperature profiles increase with increase in magnetic, thermophoresis, thermal radiation, and Brownian motion parameters, whereas concentration profiles reduce with increase in Schmitt number and Brownian motion.