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
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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 | ₹7,427.79 million (US$89 million) (2019-20) |
₹7,105.18 million (US$85 million) (2019-20) | |
₹866.24 million (US$10 million) (2019-20) | |
AUM | ₹132,540 million (US$1.6 billion) (June 2020) [1][ better source needed] |
Total assets | ₹21,592.05 million (US$260 million) (2019-20) |
Total equity | ₹5,688.66 million (US$68 million) [2][ better source needed] (2019-20) |
Subsidiaries |
|
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]
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$55 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]
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]
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 | ₹7,427.79 million (US$89 million) (2019-20) |
₹7,105.18 million (US$85 million) (2019-20) | |
₹866.24 million (US$10 million) (2019-20) | |
AUM | ₹132,540 million (US$1.6 billion) (June 2020) [1][ better source needed] |
Total assets | ₹21,592.05 million (US$260 million) (2019-20) |
Total equity | ₹5,688.66 million (US$68 million) [2][ better source needed] (2019-20) |
Subsidiaries |
|
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]
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$55 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]
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]