Angel One (company)
Indian stockbroking firm
From Wikipedia, the free encyclopedia
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]
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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 |
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| 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 |
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]