14.96.123.72 at 05:24, 9 August 2022

2022-08-09T05:24:56Z

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{{short description|Indian stockbroking firm}}
{{about|the Indian stockbroking firm|American television series|Angel One}}
{{Use dmy dates|date=June 2018}}
{{Use Indian English|date=June 2018}}
{{Infobox company
| name = Angel One Privte Limited
| logo = AngelOne.png
| logo_size =
| logo_alt =
| logo_caption =
| trade_name = Angel One
| former_name =
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|543235}}|{{NSE|ANGELONE}}}}
| ISIN = INE732I01013
| industry = [[Financial services]]
| founded = {{Start date and age|df=yes|1996|08|08}}
| founder = Dinesh D. Thakkar
| hq_location = Ackruti Trade Center, [[Andheri]] (E)
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India
| area_served = India
| key_people = {{ubl|Dinesh Thakkar (Chairman & MD)|Narayan Gangadhar (CEO)}}
| services = {{unbulleted list|[[Stockbroker]]|[[Equity trading]]|[[Commodity|Commodities]]|[[Portfolio manager|Portfolio management services]]|[[Mutual fund]]s|[[Life insurance]]|[[Health insurance]]|[[IPO]]|[[Depository participant|Depository services]]|[[Investment advisory]]}}
| revenue = {{INRConvert|7427.79|m}}
| revenue_year = 2019-20
| operating_income = {{INRConvert|7105.18|m}}
| income_year = 2019-20
| profit = {{INRConvert|866.24|m}}
| profit_year = 2019-20
| aum = {{INRConvert|132540|m}} (June 2020)<ref>{{cite web |title=About Company & Our Stock Broking Services |url=https://www.angelone.in/aboutus |website=Angel One |access-date=22 August 2021}}</ref>
| assets = {{INRConvert|21592.05|m}}
| assets_year = 2019-20
| equity = {{INRConvert|5688.66|m}}<ref name = "Q3">{{cite web |title=Consolidated Results |url=https://www.angelone.in/get-pdf-report-wp/StandaloneConso-results-Sep20.pdf |website=Angel One |access-date=22 August 2021}}</ref>
| equity_year = 2019-20
| owner = 
| members =
| members_year = 
| num_employees =
| num_employees_year = 
| divisions =
| subsid = {{unbulleted list|{{nowrap|Angel Financial Advisors Pvt. Ltd.<ref name = "Q3"/>}}|{{nowrap|Angel Fincap Pvt. Ltd.}}|{{nowrap|Angel Securities Ltd.}}|{{nowrap|Angel Wellness Pvt. Ltd.}}|{{nowrap|Mimansa Software Systems Pvt. Ltd.}}}}
| module = 
| website = {{URL|https://www.angelone.in/}}
| footnotes =
}}

'''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]],<ref>{{cite web|title=List of Members - Derivatives|url=http://www.bseindia.com/markets/Derivatives/DeriReports/membership.aspx?expandable=6|website=BSE India|accessdate=29 April 2015|page=Clearing No. 612}}</ref> [[National Stock Exchange of India]], [[NCDEX|National Commodity & Derivatives Exchange Limited]] and [[Multi Commodity Exchange|Multi Commodity Exchange of India Limited]].<ref>{{cite web|title=Angel Broking|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=29567511|website=Bloomberg|accessdate=29 April 2015}}</ref> It is a [[depository participant]] with [[Central Depository Services Limited|Central Depository Services Limited (CDSL)]].<ref>{{cite web|title=List of CDSL DP's|url=https://www.cdslindia.com/dp/dpdetails.aspx?dp_id=33200|website=Central Depository Services (India) Limited|accessdate=29 April 2015}}</ref> The company has more than 8500 sub-brokers and franchisee outlets in more than 900 cities across India.<ref>{{cite web|last1=Srinivasan|first1=Karthik|last2=Shivakumar|first2=L.|title=Angel Broking Profile|url=http://www.icra.in/Files/Reports/Rationale/Angel%20Broking%20Limited-r-01042012.pdf|website=www.icra.in|publisher=ICRA Ltd.|date=2012|access-date=29 April 2015|archive-url=https://web.archive.org/web/20160304104908/http://www.icra.in/Files/Reports/Rationale/Angel%20Broking%20Limited-r-01042012.pdf|archive-date=4 March 2016|url-status=dead}}</ref>

The company's services include online [[stock broking]],<ref>{{cite news|title=IIMs on Board with Angel Broking|url=http://www.moneycontrol.com/news/business/iimsboardangel-broking-_330079.html|publisher=moneycontrol.com|date=12 March 2008}}</ref> [[Depository participant|depository services]],<ref>{{cite web|title=SEBI REGISTERED DEPOSITORY PARTICIPANTS OF CDSL AS ON 31-08-2011|url=http://www.sebi.gov.in/dpcdsl.pdf|website=Securities and Exchange Board of India (SEBI)|publisher=SEBI|access-date=29 April 2015|archive-date=29 December 2009|page=1 Sr. No. 34|archive-url=https://web.archive.org/web/20091229175117/http://www.sebi.gov.in/dpcdsl.pdf|url-status=dead}}</ref> [[commodity trading]] and [[investment advisory]] services. [[Personal loans]] and [[insurance]] are also delivered by this company. In 2006, Angel Broking also started its [[Portfolio manager|portfolio management services]], [[IPOs]] business and [[mutual funds]] distribution arm.<ref>{{cite document|title=Broking - India's Leading BFSI Companies 2011|date=2011|publisher=D&B Business Insight Series|location=India|page=98|url=http://www.dnb.co.in/BFSI2011/PDF/03_Broking.pdf|journal=|access-date=29 April 2015|archive-url=https://web.archive.org/web/20160304112657/http://www.dnb.co.in/BFSI2011/PDF/03_Broking.pdf|archive-date=4 March 2016|url-status=dead}}</ref>

== History ==
Angel Broking was incorporated on 8 August 1996 as a [[private limited company]].<ref>{{cite news |title=Angel Broking Ltd. |url=https://www.business-standard.com/company/angel-broking-38941/information/company-history |website=Business Standard India |access-date=22 August 2021}}</ref> Later, Angel Broking was incorporated as a [[wealth management]], retail and corporate broking firm in september, 1997.<ref>{{cite news|last1=Sood|first1=Parina|title=Manage money, make money|url=http://www.franchiseindia.com/magazine/2014/november/Manage-money-make-money_116-1-3/|publisher=Franchise India|date=7 November 2014}}</ref> In November 1998, Angel Capital and Debt Market Ltd. gained membership of [[National Stock Exchange of India|National Stock Exchange]] as a legal entity.<ref>{{cite book|title=Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan|publisher=Sanjay Gupta|page=53|url=http://issuu.com/sanjaykumarguptaa/docs/study-of-best-practices-in-the-bfsi-sector-for-mar|accessdate=29 April 2015}}</ref> The company opened its commodity broking Division in April, 2004.<ref>{{cite web|title=Angel Broking Limited- Background|url=https://www.dnb.co.in/BFSI2012/Profile%5CBroking%5CAngel%20Broking%20Limited.pdf|website=Dun & Bradstreet|publisher=Dun & Bradstreet}}{{Dead link|date=May 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.<ref>{{cite news|title=Birla Sun Life enters into alliance with Angel Broking|url=http://articles.economictimes.indiatimes.com/2007-11-26/news/27672172_1_angel-broking-insurance-products-birla-sun-life-insurance|agency=Press Trust of India (PTI)|publisher=Economics Times|date=26 November 2007}}</ref> The [[International Finance Corporation]] bought an 18% stake in Angel Broking for {{INRConvert|152|c|year=2007}} in December 2007.<ref>{{cite news|title=IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS|url=http://archive.vccircle.com/wordpress/2007/11/23/ifc-buys-18-in-angel-broking-for-rs-152-cr-goldman-macquari-in-deal-with-pfs/|access-date=8 May 2015|publisher=VCCircle|date=23 November 2007|archive-url=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/|archive-date=8 June 2009|url-status=dead}}</ref> The company opened an office in Karol Bagh, New Delhi in October 2012.<ref>{{cite news |last1=Ghosh |first1=Ahona |last2=Gupta |first2=Apurv |title=Dinesh Thakkar's Angel Broking expands while other brokerages downsize |url=https://economictimes.indiatimes.com/news/company/corporate-trends/dinesh-thakkars-angel-broking-expands-while-other-brokerages-downsize/articleshow/16829773.cms |website=The Economic Times |access-date=22 August 2021}}</ref>

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, [[Securities and Exchange Board of India|SEBI]] restrained from taking new clients for a period of two weeks.<ref name="times brokers">{{Cite news|url=https://economictimes.indiatimes.com/sebi-restrains-angel-broking-other-stock-brokers-for-two-weeks/articleshow/18257918.cms?from=mdr|title=Sebi restrains Angel Broking, other stock brokers for two weeks|date=2013-01-31|work=The Economic Times|access-date=2019-03-28}}</ref> Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.<ref name="times brokers"/><ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/stock-markets/Tribunal-upholds-SEBI-order-against-Angel-Broking/article20679467.ece|title=Tribunal upholds SEBI order against Angel Broking|website=@businessline|date=22 October 2013 |language=en|access-date=2019-03-28}}</ref> 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 of India|National Stock Exchange]] on 5 October 2020.<ref>{{cite news |last1=Raj |first1=Shubham |title=Angel Broking IPO to open on Tuesday: All you need to know about the issue |url=https://economictimes.indiatimes.com/markets/ipos/fpos/angel-broking-ipo-to-open-on-tuesday-all-you-need-to-know-about-the-issue/articleshow/78231989.cms? |website=The Economic Times |access-date=22 August 2021}}</ref>

On 22 April 2021, Angel Broking appointed Silicon Valley veteran Narayan Gangadhar as its new CEO.<ref>{{Cite web|title=Angel Broking Appoints Silicon Valley Techie Narayan Gangadhar As New CEO|url=https://www.moneycontrol.com/news/business/companies/angel-broking-appoints-silicon-valley-techie-narayan-gangadhar-as-new-ceo-6803921.html|access-date=2021-05-15|website=Moneycontrol}}</ref> The Board of Angel Broking approved changing the company's brand identity to appeal to Gen Z and millennial investors on 29 May 2021.<ref>{{cite news |last1=Market |first1=Capital |title=Board of Angel Broking approves new Masterbrand 'Angel One' |url=https://www.business-standard.com/article/news-cm/board-of-angel-broking-approves-new-masterbrand-angel-one-121052900640_1.html |website=Business Standard India |access-date=22 August 2021 |date=29 May 2021}}</ref> The company officially began using the new Angel One branding and logo on 3 August 2021,<ref name="mint">{{cite web |last1=Studio |first1=HT Brand |title=Angel broking is now Angel One; aims to help millennials with financial matters |url=https://www.livemint.com/brand-post/angel-broking-is-now-angel-one-aims-to-help-millennials-with-financial-matters-11627988551326.html |website=mint |access-date=22 August 2021 |language=en |date=3 August 2021}}</ref> while the company was formally renamed as Angel One in September 2021.<ref>{{cite news |title=Angel Broking renames as 'Angel One'; Stock under pressure |url=https://www.indiainfoline.com/article/news-sector-banking-financials/angel-broking-renames-as-angel-one-stock-under-pressure-121092400292_1.html |access-date=6 December 2021 |work=www.indiainfoline.com |language=en}}</ref><ref>{{cite news |title=Angel Broking mulls name change |url=https://www.thehindubusinessline.com/markets/stock-markets/angel-broking-mulls-name-change/article35349860.ece |publisher=[[The Hindu Business Line]] |date=July 15, 2021}}</ref>

==Products==
Angel One has products such as Angel Spark, Angel BEE mutual fund app,<ref name=toi>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/angel-broking-launches-ai-based-beechat/articleshow/66951309.cms|title=Angel Broking launches AI-based BEEChat|last=|first=|date=|website=Times of India|archive-url=|archive-date=|url-status=|access-date=}}</ref> Angel SpeedPro, Angel Trade and Angel Swift<ref>{{cite web|title=Angel Swift for Smartphones|url=https://play.google.com/store/apps/developer?id=Angel+Broking+Ltd|website=Google Play}}</ref> for online trading. Angel Eye is a browser trading application; SpeedPro is a trading platform application;<ref>{{cite web|title=Angel SpeedPro|url=http://angel-speedpro.software.informer.com/|website=software.informer}}</ref> Angel Trade offers an online trading platform for share investors; and Swift is a trading app for small devices.<ref>{{cite web|title=Angel Trade's Trading Platforms|url=http://www.chittorgarh.com/stockbroker/angel-broking/14/|website=Chittorgarh}}</ref><ref>{{cite web|title=Angel Broking launches 'We for you' campaign|url=http://www.afaqs.com/news/company_briefs/?id=55452_Angel+Broking+launches+%27We+for+you%27+campaign|website=Afaqs|date=15 November 2012}}</ref> Angel BEE is an [[Artificial intelligence|AI]]-powered app that offers a platform for distributing third-party financial products like mutual funds and insurance and also helps customers find accurate information without any human intervention.<ref name=toi/> It has an in-house developed API called SmartAPI that allows the [[Algorithmic trading|algo traders]] to execute [[real-time]] trades through Angel One and deploy their programs in 5 programming languages, including [[Python (programming language)|Python]], [[Node.js]], [[Java (programming language)|Java]], [[R (programming language)|R]] and [[Go (programming language)|Go]].<ref>{{cite news |last1=Ray |first1=Anulekha |title=Angel Broking introduces API integration with the launch of SmartAPI. What it means for investors |url=https://www.livemint.com/market/stock-market-news/angel-broking-introduces-api-integration-with-the-launch-of-smartapi-11606554985589.html |publisher=[[Livemint]] |date=November 28, 2020}}</ref> The company has an educational platform called Smart Money,<ref>{{cite news|title=Angel Broking launches investor education platform Smart Money |url=https://www.business-standard.com/content/press-releases-ani/angel-broking-launches-investor-education-platform-smart-money-121011500416_1.html |publisher=[[Business Standard]] |date=January 15, 2021}}</ref><ref>{{cite web|title=Smart Money|url=https://smartmoney.angelone.in/|website=Smart Money}}</ref> which provides structured lessons to educate traders and investors.<ref>{{cite news |title=Angel Broking launched the investor education platform |url=https://www.kannadaprabha.com/business/2021/jan/17/angel-broking-launches-investor-education-platform-smart-money-437454.html |publisher=[[Kannada Prabha]] |date=January 17, 2021 |language=kn}}</ref> In June 2021, Angel One launched Smart Store, which is a marketplace for fintech-based products and services.<ref>{{cite news |title=Angel Broking launches Smart Store - a platform to facilitate rule-based trading |url=https://www.business-standard.com/article/news-cm/angel-broking-launches-smart-store-a-platform-to-facilitate-rule-based-trading-121062400430_1.html |publisher=[[Business Standard]] |date=June 15, 2021}}</ref>

== Awards ==
* 2009 - 'Broking House with Largest Distribution Network' Award and 'Best Retail Broking House' Award at BSE IPF-D&B Equity Broking Awards<ref>{{cite news|author1=Press Trust of India|title=Angel Broking to raise Rs 300 cr from PE firms|url=http://www.business-standard.com/article/companies/angel-broking-to-raise-rs-300-cr-from-pe-firms-109052800189_1.html|newspaper=Business Standard India|location=New Delhi|date=28 May 2009}}</ref>
* 2012 - BSE IPF-D&B Equity Broking Award for ‘Best Retail Broking House’<ref>{{cite web|title=Angel Broking wins Best Retail Broking House Award for the 3rd time|url=http://www.commodityonline.com/news/angel-broking-wins-best-retail-broking-house-award-for-the-3rd-time-50780-3-50781.html|website=Commodity Online|date=9 October 2012}}</ref>
* 2012-13 - Among BSE Top 10 Performers in Equity Segment (Retail Trading) FY 2012-13<ref>{{cite web|title=Top 10 Performers in Equity Segment (Retail Tading) FY 2012-13|url=http://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=370c4713-3ba3-4733-a331-81e3c97a2b03|website=BSE India|accessdate=29 April 2015}}</ref>
* 2013 - BSE-IPF D&B Equity Broking Award for ‘Broking House with Largest Distribution Network’<ref>{{cite web|title=Zee Business Organises Financial Markets Conclave 2010|url=http://www.indiandth.in/Thread-Zee-Business-Organises-Financial-Markets-Conclave-2010|website=India DTH Blog|date=April 2009}}</ref>
* 2013 - BSE-IPF D&B Equity Broking Award for 'Best Retail Equity Broking House'<ref>{{cite web|title=Angel Broking awarded as the Best Retail Equity Broking House at the "BSE-IPF D&B Equity Broking Award 2013"|url=http://www.indiannewsandtimes.com/2013/11/06/angel-broking-awarded-best-retail-equity-broking-house-bse-ipf-db-equity-broking-awards-2013/|website=Indian News & Times|access-date=29 April 2015|archive-url=https://web.archive.org/web/20150402125902/http://www.indiannewsandtimes.com/2013/11/06/angel-broking-awarded-best-retail-equity-broking-house-bse-ipf-db-equity-broking-awards-2013/|archive-date=2 April 2015|url-status=dead}}</ref>
* 2013-14 - Awarded ‘Top Three Clients Traded Members in Equity’ by the BSE<ref>{{cite web|title=Top 10 performer in Equity Segment (Retail) 2013 - 2014|url=http://www.indiainfoline.com/article/print/news-top-story/muhurat-trading-session-at-bse-in-the-vikram-samvat-year-2071-114102300009_1.html|website=Indiainfoline|accessdate=29 April 2015}}</ref>
* 2014 - BSE-IPF D&B Equity Broking Award for ‘Broking House with Largest Distribution Network’<ref>{{cite web|title=Award Winners 2014|url=http://www.dnb.co.in/Equity_Broking_Microsite/default.asp|website=Dun & Bradstreet|access-date=29 April 2015|archive-url=https://web.archive.org/web/20150413141041/http://www.dnb.co.in/Equity_Broking_Microsite/default.asp|archive-date=13 April 2015|url-status=dead}}</ref>
*2014 - Global Marketing Excellence Award for 'Best Mobile trading application'<ref>{{Cite web|url=https://www.businesswireindia.com/angel-broking-app-gets-best-mobile-trading-application-award-at-global-marketing-excellence-awards-51362.html|title=Angel Broking App Gets The 'Best Mobile Trading Application Award' at Global Marketing Excellence Awards|website=www.businesswireindia.com|access-date=2019-03-28}}</ref>
*2017 - MCX Commodity broker of the year award<ref>{{Cite web|url=https://equitybulls.com/admin/news2006/news_det.asp?id=207848|title=Angel Broking bags prestigious 'Commodity Broker of the Year Award'|date=2017-05-20|website=EquityBulls|access-date=2019-03-28}}</ref>

== References ==
{{Reflist}}

==External links==
* {{official|https://www.angelone.in/}}

{{Financial services in India}}
{{Online brokerages}}

[[Category:Indian companies established in 1996]]
[[Category:1996 establishments in Maharashtra]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies established in 1996]]
[[Category:Stockbrokers]]
[[Category:Online brokerages]]
[[Category:Brokerage firms]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:2020 initial public offerings]]

Angel One (company) - Revision history

14.96.123.72 at 05:24, 9 August 2022