Angelone Brokering

Angel One (company)

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 One Limited

Trade name	Angel One
Type	Public
Traded as	BSE: 543235 NSE: ANGELONE
ISIN	INE732I01013
Industry	Financial services
Founded	8 August 1996; 26 years ago
Founder	Dinesh D. Thakkar
Headquarters	Ackruti Trade Center, Andheri (E),  Mumbai, Maharashtra ,  India
Area served	India
Key people	Dinesh Thakkar (Chairman & MD)
Services	Stockbroker Equity trading Commodities Portfolio management services Mutual funds Life insurance Health insurance IPO Depository services Investment advisory
Revenue	₹7,427.79 million (US$93 million) (2019-20)
Operating income	₹7,105.18 million (US$89 million) (2019-20)
Net income	₹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

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 ₹457 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]

Offerings

The company offers multiple online trading apps.^{[18][19][20][21][22]} Services include online stock broking,^[23] depository services,^[24] commodity trading and investment advisory services, personal loans and insurance, portfolio management services, IPOs business and mutual funds distribution.^[25]

References

1. ^ "About Company & Our Stock Broking Services". Angel One. Retrieved 22 August 2021.
2. ^ Jump up to:^a b "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. ^ Jump up to:^a b "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. ^ "Angel Broking launches AI-based BEEChat". Times of India. 5 December 2018.
19. ^ "Angel Swift for Smartphones". Google Play.
20. ^ "Angel SpeedPro". software.informer.
21. ^ "Angel Trade's Trading Platforms". Chittorgarh.
22. ^ "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
23. ^ "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
24. ^ "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.
25. ^ "Broking - India's Leading BFSI Companies 2011" (PDF). India: D&B Business Insight Series. 2011: 98. Archived from the original (PDF) on 4 March 2016. Retrieved 29 April 2015.