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Angel One (company)

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This article is about the Indian stockbroking firm. For American television series, see Angel One.

Angel One Limited
Angel One
Company typePublic
ISININE732I01013
IndustryFinancial services
Founded8 August 1996; 28 years ago (1996-08-08)
FounderDinesh D. Thakkar
HeadquartersAckruti Trade Center, Andheri (E),
Mumbai, Maharashtra
,
India
Area served
India
Key people
  • Dinesh Thakkar
    (Chairman & MD)
Services
RevenueIncrease₹4,272 crore (US$510 million) (2024)
Increase₹1,693 crore (US$200 million) (2024)
Increase₹1,126 crore (US$130 million) (2024)
Total assetsIncrease₹13,253 crore (US$1.6 billion) (2024)
Total equityIncrease₹3,037 crore (US$360 million) (2024)
Subsidiaries
  • Angel Financial Advisors Pvt. Ltd.
  • Angel Fincap Pvt. Ltd.
  • Angel Securities Ltd.
  • Angel Wellness Pvt. Ltd.
  • Mimansa Software Systems Pvt. Ltd.
Websitewww.angelone.in

Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange,[1] National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.[2] It is a depository participant with Central Depository Services Limited (CDSL).[3]

History

Angel Broking was incorporated on 8 August 1996 as a private limited company.[4] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in september, 1997.[5] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[6] The company opened its commodity broking Division in April, 2004.[7] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[8] The International Finance Corporation bought an 18% stake in Angel Broking for ₹152 crore (equivalent to ₹459 crore or US$55 million in 2023) in December 2007.[9] The company opened an office in Karol Bagh, New Delhi in October 2012.[10]

In January 2013, a probe found the company and two other entities involved in fraudulent and unfair trade practices in transactions of shares of Sun Infoways during Feb-May 2001. As a result, SEBI restrained from taking new clients for a period of two weeks.[11] Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.[11][12] Angel Broking began offered shares through an initial public offering in September 2020, and was listed on the Bombay Stock Exchange and the National Stock Exchange on 5 October 2020.[13]

The company rebranded as Angel One in 2021.[14][15] Currently Angel One holds 3rd ranking in the list of top 10 stock brokers in India with more than 50+ lakh active clients under its belt.[16]

Offerings

The company offers multiple online trading apps.[17][18][19][20][21] Services include online stock broking,[22] depository services,[23] commodity trading and investment advisory services, personal loans and insurance, portfolio management services, IPOs business and mutual funds distribution.[24]

References

  1. ^ "List of Members - Derivatives". BSE India. p. Clearing No. 612. Retrieved 29 April 2015.
  2. ^ "Angel Broking". Bloomberg. Retrieved 29 April 2015.
  3. ^ "List of CDSL DP's". Central Depository Services (India) Limited. Retrieved 29 April 2015.
  4. ^ "Angel Broking Ltd". Business Standard India. Retrieved 22 August 2021.
  5. ^ Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
  6. ^ Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. 13 August 2011. p. 53. Retrieved 29 April 2015.
  7. ^ "Angel One A Brief History". Small Biz Buddha. 23 September 2022.
  8. ^ "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007.
  9. ^ "IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS". VCCircle. 23 November 2007. Archived from the original on 8 June 2009. Retrieved 8 May 2015.
  10. ^ Ghosh, Ahona; Gupta, Apurv. "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". The Economic Times. Retrieved 22 August 2021.
  11. ^ a b "Sebi restrains Angel Broking, other stock brokers for two weeks". The Economic Times. 31 January 2013. Retrieved 28 March 2019.
  12. ^ "Tribunal upholds SEBI order against Angel Broking". @businessline. 22 October 2013. Retrieved 28 March 2019.
  13. ^ Raj, Shubham. "Angel Broking IPO to open on Tuesday: All you need to know about the issue". The Economic Times. Retrieved 22 August 2021.
  14. ^ "Angel Broking renames as 'Angel One'; Stock under pressure". www.indiainfoline.com. Retrieved 6 December 2021.
  15. ^ "Angel Broking mulls name change". The Hindu Business Line. 15 July 2021.
  16. ^ "Top 10 Stock Brokers in India". Infinite Broker. 25 May 2024.
  17. ^ "Angel Broking launches AI-based BEEChat". Times of India. 5 December 2018.
  18. ^ "Angel Swift for Smartphones". Google Play.
  19. ^ "Angel SpeedPro". software.informer.
  20. ^ "Angel Trade's Trading Platforms". Chittorgarh.
  21. ^ "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
  22. ^ "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
  23. ^ "SEBI Registered Depository Participants of CDSL as on 31-08-2011" (PDF). Securities and Exchange Board of India (SEBI). SEBI. p. 1 Sr. No. 34. Archived from the original (PDF) on 29 December 2009. Retrieved 29 April 2015.
  24. ^ "Broking - India's Leading BFSI Companies 2011" (PDF). India: D&B Business Insight Series. 2011. p. 98. Archived from the original (PDF) on 4 March 2016. Retrieved 29 April 2015.
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