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Angel One (company)

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From Wikipedia, the free encyclopedia
(Redirected fromAngel Broking)
Indian stockbroking firm
This article is about the Indian stockbroking firm. For American television series, seeAngel One.

This articlemay have been created or edited in return for undisclosed payments, a violation of Wikipedia'sterms of use. It may require cleanup to comply with Wikipedia'scontent policies, particularlyneutral point of view.(August 2022)

Angel One Limited
Angel One
Company typePublic
ISININE732I01013
IndustryFinancial services
Founded8 August 1996; 28 years ago (1996-08-08)
FounderDinesh D. Thakkar
HeadquartersAckruti Trade Center,Andheri (E),,
India
Area served
India
Key people
  • Dinesh Thakkar
    (Chairman & MD)
RevenueIncrease4,272 crore (US$490 million) (2024)
Increase1,693 crore (US$190 million) (2024)
Increase1,126 crore (US$130 million) (2024)
Total assetsIncrease13,253 crore (US$1.5 billion) (2024)
Total equityIncrease3,037 crore (US$350 million) (2024)
Subsidiaries
  • Angel Financial Advisors Pvt. Ltd.
  • Angel Fincap Pvt. Ltd.
  • Angel Securities Ltd.
  • Angel Wellness Pvt. Ltd.
  • Mimansa Software Systems Pvt. Ltd.
Websitewww.angelone.in

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]

History

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 for152 crore (equivalent to459 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]

References

  1. ^"List of Members - Derivatives".BSE India. p. Clearing No. 612. Retrieved29 April 2015.
  2. ^"Angel Broking".Bloomberg. Retrieved29 April 2015.
  3. ^"List of CDSL DP's".Central Depository Services (India) Limited. Retrieved29 April 2015.
  4. ^"Angel Broking Ltd".Business Standard India. Retrieved22 August 2021.
  5. ^Sood, Parina (7 November 2014)."Manage money, make money". Franchise India.
  6. ^Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. 13 August 2011. p. 53. Retrieved29 April 2015.
  7. ^"Angel One A Brief History".Small Biz Buddha. 23 September 2022.
  8. ^"Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007. Archived fromthe original on 2 May 2015.
  9. ^"IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS". VCCircle. 23 November 2007. Archived fromthe original on 8 June 2009. Retrieved8 May 2015.
  10. ^Ghosh, Ahona; Gupta, Apurv."Dinesh Thakkar's Angel Broking expands while other brokerages downsize".The Economic Times. Retrieved22 August 2021.
  11. ^ab"Sebi restrains Angel Broking, other stock brokers for two weeks".The Economic Times. 31 January 2013. Retrieved28 March 2019.
  12. ^"Tribunal upholds SEBI order against Angel Broking".@businessline. 22 October 2013. Retrieved28 March 2019.
  13. ^Raj, Shubham."Angel Broking IPO to open on Tuesday: All you need to know about the issue".The Economic Times. Retrieved22 August 2021.
  14. ^"Angel Broking renames as 'Angel One'; Stock under pressure".www.indiainfoline.com. Retrieved6 December 2021.
  15. ^"Angel Broking mulls name change".The Hindu Business Line. 15 July 2021.
  16. ^"Angel One rebounds from four-day fall on rise in client base, June order growth".moneycontrol.com. 5 July 2024. Retrieved2 January 2025.

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