Angel One (company)

Angel One Limited
Angel One
TypePublic
ISININE732I01013
IndustryFinancial services
Founded8 August 1996 (1996-08-08)
FounderDinesh D. Thakkar
HeadquartersAckruti Trade Center, Andheri (E),
Mumbai, Maharashtra
,
India
Area served
India
Key people
  • Dinesh Thakkar
    (Chairman & MD)
RevenueIncrease₹4,272 crore (US$440 million) (2024)
Increase₹1,693 crore (US$180 million) (2024)
Increase₹1,126 crore (US$120 million) (2024)
Total assetsIncrease₹13,253 crore (US$1.4 billion) (2024)
Total equityIncrease₹3,037 crore (US$320 million) (2024)
Number of employees
3,823 [1] (31 March 2025)
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 and headquartered in Andheri, Mumbai. The company got converted into a Public Limited Company, which will come into effect from 28 June, 2018, through a Certificate of Incorporation, issued of Registrar of Companies [2].

The company is one of the largest independent companies listed for full service retail broking house in India with more than 13.8 million customers, and 4.3 million active clients on NSE [2]. 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] Currently, the services offered by the firm includes business of stock, currency and commodity broking, providing margin trading facility, depository services, and distribution of mutual funds [2].

Angel One has also been providing customers with Portfolio Management Services. Their services include equity (cash delivery, intra-day, futures and options), commodity and currency segments and depository operations [2].

The firm has also created Angel NXT, a digital wide platform for a wide range of authorised persons to leverage social media networks for client acquisitions, activation and engagement among others. As part of the broking and advisory services offered by the firm, it facilitates the opening of demat accounts for their clients [6].

History

Angel Broking was incorporated on 8 August 1996 as a private limited company.[7] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in september, 1997.[8] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[9] The company opened its commodity broking Division in April, 2004.[10] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[11] The International Finance Corporation bought an 18% stake in Angel Broking for ₹152 crore (equivalent to ₹459 crore or US$48 million in 2023) in December 2007.[12] The company opened an office in Karol Bagh, New Delhi in October 2012.[13]

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.[14] Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.[14][15] 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.[16]

The company rebranded as Angel One in 2021.[17][18] In FY21, the company crossed 4 million unique Demat accounts [2]. It crossed 17.6% market shares in incremental demat accounts between January to March 2021 [2]. It was 4th largest company in terms of NSE active clients as of March 2021. In the same year, an average turnover of Rs. 4 trillion mark was crossed [2]. As of March 2022, 17.5 billion mutual funds were distributed by the firm. And by March 2023, the company distributed mutual funds schemes of 40 AMCs, and AUMs worth Rs. 21 billion mutual funds were distributed by the company [19].

The company launched NXT 2.0, a new platform for authorised persons, with revamped sales modules and wealth products features. In FY24, the company commissioned its disaster recovery sites and data center in addition to investments in augmenting the technology infrastructure [19].

In June 2024, Angel One reached a client base of 2.47 crore (24.7 millions).[20]

Operations

The firm provides its customers with a wide range of financial services, including broking and advisory; the firm offers broking services across equity, commodity and currency segments, along with debt products. The company offers participation of clients initial public offerings undertaken by various companies [2]. To complement its broking and advisory services, they offer other services as well:

  1. Research Services: to ensure that the clients make informed investment decisions across equity, commodity and currency segments, research reports are published on a daily, weekly and monthly basis [2].
  2. Investment Advisory: the company provides advisory services to retail customers to ensure that informed investment decisions are made by the customers. Multiple investment avenues are explored under this service, such as equities, debt, currency, commodities, derivatives, mutual funds, and insurance products [2].
  3. Investor Education: The website of the firm acts as a knowledge centre that empowers investors, with an understanding of trading and investment products.

There are certain other financial services provided by the firm. A few are [2]:

  1. Margin Trading Facilities: This helps the clients leverage their eligible collaterals by funding the requirements of cash delivery segment of equities. Such funding is subject to exposure against margins that are a requirement of stock exchanges, with securities forming a collateral for such funding [2].
  2. Distribution: Third party financial products such as mutual funds, health and life insurance projects, according to customer requirements. Such distribution is undertaken through digital and physical channels, such as Angel Broking or Angel BEE [2].
  3. Loans Against Shares: Through AFPL, a subsidiary of the firm, loans against shares are made available to retail customers [2].

References

  1. ↑ "Angel One Annual Reports | Financial Performance & Insights". Angelone.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 "Angel One Summary: Latest Updates and Details". India Infoline. Retrieved 31 July 2026.
  3. ↑ "List of Members - Derivatives". BSE India. p. Clearing No. 612. Retrieved 29 April 2015.
  4. ↑ "Angel Broking". Bloomberg. Retrieved 29 April 2015.
  5. ↑ "List of CDSL DP's". Central Depository Services (India) Limited. Retrieved 29 April 2015.
  6. ↑ "South Ind.Bank Summary: Latest Updates and Details". India Infoline. Retrieved 31 July 2026.
  7. ↑ "Angel Broking Ltd". Business Standard India. Retrieved 22 August 2021.
  8. ↑ Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
  9. ↑ Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. 13 August 2011. p. 53. Retrieved 29 April 2015.
  10. ↑ "Angel One A Brief History". Small Biz Buddha. 23 September 2022.
  11. ↑ "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007. Archived from the original on 2 May 2015.
  12. ↑ "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.
  13. ↑ Ghosh, Ahona; Gupta, Apurv. "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". The Economic Times. Retrieved 22 August 2021.
  14. 1 2 "Sebi restrains Angel Broking, other stock brokers for two weeks". The Economic Times. 31 January 2013. Retrieved 28 March 2019.
  15. ↑ "Tribunal upholds SEBI order against Angel Broking". @businessline. 22 October 2013. Retrieved 28 March 2019.
  16. ↑ Raj, Shubham. "Angel Broking IPO to open on Tuesday: All you need to know about the issue". The Economic Times. Retrieved 22 August 2021.
  17. ↑ "Angel Broking renames as 'Angel One'; Stock under pressure". www.indiainfoline.com. Retrieved 6 December 2021.
  18. ↑ "Angel Broking mulls name change". The Hindu Business Line. 15 July 2021.
  19. 1 2 "Angel One Summary: Latest Updates and Details". India Infoline.
  20. ↑ "Angel One rebounds from four-day fall on rise in client base, June order growth". moneycontrol.com. 5 July 2024. Retrieved 2 January 2025.
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