Angel One (company)

(Redirected from Angel Broking)

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]

Angel One Limited
Angel One
Company typePublic
IndustryFinancial services
Founded8 August 1996; 27 years ago (1996-08-08)
FounderDinesh D. Thakkar
HeadquartersAckruti Trade Center, Andheri (E), ,
Area served
Key people
  • Dinesh Thakkar
    (Chairman & MD)
Revenue7,427.79 million (US$89 million) (2019-20)
7,105.18 million (US$85 million) (2019-20)
866.24 million (US$10 million) (2019-20)
AUM132,540 million (US$1.6 billion) (June 2020)[1][better source needed]
Total assets21,592.05 million (US$260 million) (2019-20)
Total equity5,688.66 million (US$68 million)[2][better source needed] (2019-20)
  • Angel Financial Advisors Pvt. Ltd.[2]
  • Angel Fincap Pvt. Ltd.
  • Angel Securities Ltd.
  • Angel Wellness Pvt. Ltd.
  • Mimansa Software Systems Pvt. Ltd.


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 152 crore (equivalent to 459 crore or US$55 million in 2023) 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]


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]


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