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Indian stockbroking firm From Wikipedia, the free encyclopedia
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]
This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (August 2022) |
Angel One | |
Company type | Public |
ISIN | INE732I01013 |
Industry | Financial services |
Founded | 8 August 1996 |
Founder | Dinesh D. Thakkar |
Headquarters | Ackruti Trade Center, Andheri (E), , India |
Area served | India |
Key people |
|
Services | |
Revenue | ₹4,272 crore (US$510 million) (2024) |
₹1,693 crore (US$200 million) (2024) | |
₹1,126 crore (US$130 million) (2024) | |
Total assets | ₹13,253 crore (US$1.6 billion) (2024) |
Total equity | ₹3,037 crore (US$360 million) (2024) |
Subsidiaries |
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Website | www |
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]
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]
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