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Angel One | |
Company type | Public |
ISIN | INE732I01013 |
Industry | Financial services |
Founded | 8 August 1996; 28 years ago (1996-08-08) |
Founder | Dinesh D. Thakkar |
Headquarters | Ackruti Trade Center,Andheri (E),, India |
Area served | India |
Key people |
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Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Subsidiaries |
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Website | www |
Angel One Limited, formerly known asAngel Broking Limited, is an Indianstockbroker firm established in 1996. The company is a member of theBombay Stock Exchange,[1]National Stock Exchange of India,National Commodity & Derivatives Exchange Limited andMulti Commodity Exchange of India Limited.[2] It is adepository participant withCentral Depository Services Limited (CDSL).[3]
Angel Broking was incorporated on 8 August 1996 as aprivate limited company.[4] Later, Angel Broking was incorporated as awealth management, retail and corporate broking firm in september, 1997.[5] In November 1998, Angel Capital and Debt Market Ltd. gained membership ofNational 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] TheInternational Finance Corporation bought an 18% stake in Angel Broking for₹152 crore (equivalent to₹459 crore or US$53 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 aninitial public offering in September 2020, and was listed on theBombay Stock Exchange and theNational 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]