Angel One (company)

Last updated

Angel One Limited
Angel One
Type Public
ISIN INE732I01013
Industry Financial services
Founded8 August 1996;27 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
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
  • Angel Financial Advisors Pvt. Ltd. [2]
  • Angel Fincap Pvt. Ltd.
  • Angel Securities Ltd.
  • Angel Wellness Pvt. Ltd.
  • Mimansa Software Systems Pvt. Ltd.
Website www.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, [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]

Contents

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 croreorUS$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]

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References

  1. ↑ "About Company & Our Stock Broking Services". Angel One. Retrieved 22 August 2021.
  2. 1 2 "Consolidated Results" (PDF). Angel One. Retrieved 22 August 2021.
  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. ↑ "Angel Broking Ltd". Business Standard India. Retrieved 22 August 2021.
  7. ↑ Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
  8. ↑ Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. 13 August 2011. p. 53. Retrieved 29 April 2015.
  9. ↑ "Angel One A Brief History". Small Biz Buddha. 23 September 2022.
  10. ↑ "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007.
  11. ↑ "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.
  12. ↑ Ghosh, Ahona; Gupta, Apurv. "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". The Economic Times. Retrieved 22 August 2021.
  13. 1 2 "Sebi restrains Angel Broking, other stock brokers for two weeks". The Economic Times. 31 January 2013. Retrieved 28 March 2019.
  14. ↑ "Tribunal upholds SEBI order against Angel Broking". @businessline. 22 October 2013. Retrieved 28 March 2019.
  15. ↑ Raj, Shubham. "Angel Broking IPO to open on Tuesday: All you need to know about the issue". The Economic Times. Retrieved 22 August 2021.
  16. ↑ "Angel Broking renames as 'Angel One'; Stock under pressure". www.indiainfoline.com. Retrieved 6 December 2021.
  17. ↑ "Angel Broking mulls name change". The Hindu Business Line. 15 July 2021.
  18. ↑ "Top 10 Stock Brokers in India". Infinite Broker.
  19. ↑ "Angel Broking launches AI-based BEEChat". Times of India. 5 December 2018.
  20. ↑ "Angel Swift for Smartphones". Google Play.
  21. ↑ "Angel SpeedPro". software.informer.
  22. ↑ "Angel Trade's Trading Platforms". Chittorgarh.
  23. ↑ "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
  24. ↑ "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
  25. ↑ "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.
  26. ↑ "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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