Angel One (company)
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| 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 |
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| Services | |
| Revenue | ₹7,427.79 million (US$93 million) (2019-20) |
| ₹7,105.18 million (US$89 million) (2019-20) | |
| ₹866.24 million (US$11 million) (2019-20) | |
| AUM | ₹132,540 million (US$1.7 billion) (June 2020)[1][better source needed] |
| Total assets | ₹21,592.05 million (US$270 million) (2019-20) |
| Total equity | ₹5,688.66 million (US$71 million)[2][better source needed] (2019-20) |
| Subsidiaries |
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| Website | www |
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,[3] National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.[4] It is a depository participant with Central Depository Services Limited (CDSL).[5]
History
Angel Broking was incorporated on 8 August 1996 as a private limited company.[6] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in september, 1997.[7] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[8] The company opened its commodity broking Division in April, 2004.[9] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[10] The International Finance Corporation bought an 18% stake in Angel Broking for ₹152 crore (equivalent to ₹459 crore or US$57 million in 2023) in December 2007.[11] The company opened an office in Karol Bagh, New Delhi in October 2012.[12]
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.[13] Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.[13][14] 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.[15]
The company rebranded as Angel One in 2021.[16][17] 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.[18]
Offerings
The company offers multiple online trading apps.[19][20][21][22][23] Services include online stock broking,[24] depository services,[25] commodity trading and investment advisory services, personal loans and insurance, portfolio management services, IPOs business and mutual funds distribution.[26]
References
- ^ "About Company & Our Stock Broking Services". Angel One. Retrieved 22 August 2021.
- ^ a b "Consolidated Results" (PDF). Angel One. Retrieved 22 August 2021.
- ^ "List of Members - Derivatives". BSE India. p. Clearing No. 612. Retrieved 29 April 2015.
- ^ "Angel Broking". Bloomberg. Retrieved 29 April 2015.
- ^ "List of CDSL DP's". Central Depository Services (India) Limited. Retrieved 29 April 2015.
- ^ "Angel Broking Ltd". Business Standard India. Retrieved 22 August 2021.
- ^ Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
- ^ Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. 13 August 2011. p. 53. Retrieved 29 April 2015.
- ^ "Angel One A Brief History". Small Biz Buddha. 23 September 2022.
- ^ "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007.
- ^ "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.
- ^ Ghosh, Ahona; Gupta, Apurv. "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". The Economic Times. Retrieved 22 August 2021.
- ^ a b "Sebi restrains Angel Broking, other stock brokers for two weeks". The Economic Times. 31 January 2013. Retrieved 28 March 2019.
- ^ "Tribunal upholds SEBI order against Angel Broking". @businessline. 22 October 2013. Retrieved 28 March 2019.
- ^ Raj, Shubham. "Angel Broking IPO to open on Tuesday: All you need to know about the issue". The Economic Times. Retrieved 22 August 2021.
- ^ "Angel Broking renames as 'Angel One'; Stock under pressure". www.indiainfoline.com. Retrieved 6 December 2021.
- ^ "Angel Broking mulls name change". The Hindu Business Line. 15 July 2021.
- ^ "Top 10 Stock Brokers in India". Infinite Broker.
- ^ "Angel Broking launches AI-based BEEChat". Times of India. 5 December 2018.
- ^ "Angel Swift for Smartphones". Google Play.
- ^ "Angel SpeedPro". software.informer.
- ^ "Angel Trade's Trading Platforms". Chittorgarh.
- ^ "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
- ^ "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
- ^ "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.
- ^ "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.
External links
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