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 |
|
| 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 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]
History
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$54 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] In June 2024, Angel One reached a client base of 2.47 crore (24.7 millions).[16]
References
- ^ "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. Archived from the original on 2 May 2015.
- ^ "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.
- ^ "Angel One rebounds from four-day fall on rise in client base, June order growth". moneycontrol.com. 5 July 2024. Retrieved 2 January 2025.
External links
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| Companies |
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| Concepts | |||||||||||||
- Indian companies established in 1996
- 1996 establishments in Maharashtra
- Financial services companies based in Mumbai
- Financial services companies established in 1996
- Online brokerages
- Brokerage firms
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- 2020 initial public offerings