Angel One (company) explained

Angel One Limited
Trade Name:Angel One
Type:Public
Isin:INE732I01013
Industry:Financial services
Founder:Dinesh D. Thakkar
Hq Location:Ackruti Trade Center, Andheri (E)
Hq Location City:Mumbai, Maharashtra
Hq Location Country:India
Area Served:India
Revenue Year:2019-20
Income Year:2019-20
Profit Year:2019-20
Aum: (June 2020)[1]
Assets Year:2019-20
Equity:[2]
Equity Year:2019-20
Owners:-->

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]

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 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]

Notes and References

  1. Web site: About Company & Our Stock Broking Services . Angel One . 22 August 2021.
  2. Web site: Consolidated Results . Angel One . 22 August 2021.
  3. Web site: List of Members - Derivatives. BSE India. 29 April 2015. Clearing No. 612.
  4. Web site: Angel Broking. Bloomberg. 29 April 2015.
  5. Web site: List of CDSL DP's. Central Depository Services (India) Limited. 29 April 2015.
  6. News: Angel Broking Ltd. . Business Standard India . 22 August 2021.
  7. News: Sood. Parina. Manage money, make money. Franchise India. 7 November 2014.
  8. Book: Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. 13 August 2011 . Sanjay Gupta. 53. 29 April 2015.
  9. Web site: Angel One A Brief History . Small Biz Buddha . 23 September 2022 .
  10. News: Birla Sun Life enters into alliance with Angel Broking. Press Trust of India (PTI). Economics Times. 26 November 2007.
  11. News: IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS. 8 May 2015. VCCircle. 23 November 2007. https://web.archive.org/web/20090608072424/http://archive.vccircle.com/wordpress/2007/11/23/ifc-buys-18-in-angel-broking-for-rs-152-cr-goldman-macquari-in-deal-with-pfs/. 8 June 2009. dead.
  12. News: Ghosh . Ahona . Gupta . Apurv . Dinesh Thakkar's Angel Broking expands while other brokerages downsize . The Economic Times . 22 August 2021.
  13. News: Sebi restrains Angel Broking, other stock brokers for two weeks. 2013-01-31. The Economic Times. 2019-03-28.
  14. Web site: Tribunal upholds SEBI order against Angel Broking. @businessline. 22 October 2013 . en. 2019-03-28.
  15. News: Raj . Shubham . Angel Broking IPO to open on Tuesday: All you need to know about the issue . The Economic Times . 22 August 2021.
  16. News: Angel Broking renames as 'Angel One'; Stock under pressure . 6 December 2021 . www.indiainfoline.com . en.
  17. News: Angel Broking mulls name change . . July 15, 2021.
  18. Web site: Top 10 Stock Brokers in India. Infinite Broker. 25 May 2024 .
  19. News: Angel Broking launches AI-based BEEChat. 5 December 2018. Times of India.
  20. Web site: Angel Swift for Smartphones. Google Play.
  21. Web site: Angel SpeedPro. software.informer.
  22. Web site: Angel Trade's Trading Platforms. Chittorgarh.
  23. Web site: Angel Broking launches 'We for you' campaign. Afaqs. 15 November 2012.
  24. News: 12 March 2008 . IIMs on Board with Angel Broking . moneycontrol.com .
  25. Web site: SEBI Registered Depository Participants of CDSL as on 31-08-2011 . dead . https://web.archive.org/web/20091229175117/http://www.sebi.gov.in/dpcdsl.pdf . 29 December 2009 . 29 April 2015 . Securities and Exchange Board of India (SEBI) . SEBI . 1 Sr. No. 34.
  26. Web site: 2011 . Broking - India's Leading BFSI Companies 2011 . dead . India . D&B Business Insight Series . 98 . https://web.archive.org/web/20160304112657/http://www.dnb.co.in/BFSI2011/PDF/03_Broking.pdf . 4 March 2016 . 29 April 2015.

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