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| {{short description|Indian stockbroking firm}}
| | #REDIRECT [[Angel One (company)]] |
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| {{Use dmy dates|date=June 2018}}
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| {{Use Indian English|date=June 2018}}
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| {{Infobox company
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| | name = Angel Broking
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| | logo = Angel Broking LTD.png
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| | type = [[Public company|Public]]
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| | ISIN = INE732I01013
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| | key_people = Dinesh Thakkar <br/>(Chairman & Managing Director)
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| | industry = [[Financial services]]
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| | 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]]}}
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| | subsid = {{unbulleted list|{{nowrap|Angel Commodities Broking Pvt. Ltd.}}|Angel Fincap Pvt. Ltd.|{{nowrap|Angel Financial Advisors Pvt. Ltd.}}|Angel Securities Ltd.}}
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| | location_city = [[Mumbai]], [[Maharashtra]]
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| | location_country = India
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| | homepage = {{URL|https://www.angelbroking.com/}}
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| }}
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| '''Angel Broking''' is an Indian [[stockbroker]] firm established in 1987.<ref>{{cite web|title=Angel Broking|url=http://vccircle.com/bizcircle/company/company_details/Angel_Broking_Ltd.--11484|website=VCCircle - Biz Circle Company Search Service}}</ref> 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>
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| 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>
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| ==Products==
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| Angel Broking has products such as Angel Eye, Angel BEE mutual fund app,<ref>{{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><ref>{{cite web|title=Angel Broking Brokerage Charges|url=http://theindianstockbrokers.com/angel-broking-online-trading-review/|website=Indian Stock Brokers|accessdate=29 April 2015}}</ref>
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| Angel Broking app has been incorporated with a machine learning technology called ARQ, that keys in up to a billion data points and uses advanced nature-based algorithms, quantitative analysis and the Nobel-prize winning Modern Portfolio Theory<ref>{{cite web|title=Angel Broking's machine learning engine is like having Iron Man's Jarvis by your side|url=http://cio.economictimes.indiatimes.com/news/corporate-news/angel-brokings-machine-learning-engine-is-like-having-iron-mans-jarvis-by-your-side/59628292
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| |website=Economic Times}}</ref> to enable personalized investment advice to help users get better returns on investments. ARQ is based on a model where performance has been optimized to provide recommendations with high probability of outperformance and strike rates. The model has been tested using scientific back-testing and has also been validated based on its track record.<ref>{{cite web|title=Angel Broking experts explain how investment engine 'ARQ' works
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| |url=http://www.moneycontrol.com/news/business/companies/angel-broking-experts-explain-how-investment-engine-arq-works-966090.html
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| |website=Money Control}}</ref>
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| == History ==
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| Dinesh Thakkar started his business in 1987 with a capital of Five Lakhs Indian Rupees and lost half of the money within eight months. In 1989, he started off again as a sub-broker.<ref>{{cite news|last1=Ghosh|first1=Ahona|last2=Gupta|first2=Apurv|title=Dinesh Thakkar's Angel Broking expands while other brokerages downsize|url=http://articles.economictimes.indiatimes.com/2012-10-16/news/34498885_1_dinesh-thakkar-growth-returns-angel|publisher=Economic Times Website|date=16 October 2012}}</ref>
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| Later, Angel Broking was incorporated as a [[wealth management]], retail and corporate broking firm in December, 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> In 2007, the [[World Bank|World Bank's]] arm [[International Finance Corporation]] bought an 18% stake in Angel Broking.<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> 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|last=Bureau|first=Our|website=@businessline|language=en|access-date=2019-03-28}}</ref> Recently Angel Broking has filed for an IPO with SEBI for an amount of Rs 600 crore.<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/ipos/fpos/angel-broking-files-for-rs-600-crore-ipo-with-sebi/articleshow/65690265.cms|title=Angel Broking files for Rs 600 crore IPO with Sebi|date=2018-09-05|work=The Economic Times|access-date=2019-03-28}}</ref> This offer includes issuance of new shares worth Rs 300 crore and stake sale by promoters and IFC selling Rs 120 crore worth of stake.In April 2021,Angel Broking appointed Silicon Valley veteran Narayan Gangadhar as its new CEO, for the overall growth and operational strategy for the company.<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>
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| == Awards ==
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| * 2009 - 'Broking House with Largest Distribution Network' Award and 'Best Retail Broking House' Award at BSE IPF-D&B Equity Broking Awards<ref>{{cite web|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|website=Business Standard|location=New Delhi|date=28 May 2009}}</ref>
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| * 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>
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| * 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>
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| * 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>
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| * 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>
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| * 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>
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| * 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>
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| *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>
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| *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>
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| == References ==
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| {{Reflist}}
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| ==External links==
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| * {{official|https://www.angelbroking.com/}}
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| {{Financial services in India}}
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| {{Online brokerages}}
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| [[Category:Financial services companies based in Mumbai]]
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| [[Category:Financial services companies established in 1987]]
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| [[Category:Stockbrokers]]
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| [[Category:Online brokerages]]
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| [[Category:Brokerage firms]]
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| [[Category:Indian companies established in 1987]]
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| [[Category:1987 establishments in Maharashtra]]
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