Angel_Broking

Angel One (company)

Angel One (company)

Indian stockbroking firm

This article is about the Indian stockbroking firm. For American television series, see Angel One.

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]

Quick Facts Trade name, Company type ...

History

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$57 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]

Offerings

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]

References

  1. [1]
    "About Company & Our Stock Broking Services". Angel One. Retrieved 22 August 2021.
  2. [2]
    "Consolidated Results" (PDF). Angel One. Retrieved 22 August 2021.
  3. [3]
    "List of Members - Derivatives". BSE India. p. Clearing No. 612. Retrieved 29 April 2015.
  4. [4]
    "Angel Broking". Bloomberg. Retrieved 29 April 2015.
  5. [5]
    "List of CDSL DP's". Central Depository Services (India) Limited. Retrieved 29 April 2015.
  6. [6]
    "Angel Broking Ltd". Business Standard India. Retrieved 22 August 2021.
  7. [7]
    Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
  8. [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. [9]
    "Angel One A Brief History". Small Biz Buddha. 23 September 2022.
  10. [10]
    "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007.
  11. [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. [12]
    Ghosh, Ahona; Gupta, Apurv. "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". The Economic Times. Retrieved 22 August 2021.
  13. [13]
    "Sebi restrains Angel Broking, other stock brokers for two weeks". The Economic Times. 31 January 2013. Retrieved 28 March 2019.
  14. [14]
    "Tribunal upholds SEBI order against Angel Broking". @businessline. 22 October 2013. Retrieved 28 March 2019.
  15. [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. [16]
    "Angel Broking renames as 'Angel One'; Stock under pressure". www.indiainfoline.com. Retrieved 6 December 2021.
  17. [17]
    "Angel Broking mulls name change". The Hindu Business Line. 15 July 2021.
  18. [18]
    "Top 10 Stock Brokers in India". Infinite Broker.
  19. [19]
    "Angel Broking launches AI-based BEEChat". Times of India. 5 December 2018.
  20. [20]
    "Angel Swift for Smartphones". Google Play.
  21. [21]
    "Angel SpeedPro". software.informer.
  22. [22]
    "Angel Trade's Trading Platforms". Chittorgarh.
  23. [23]
    "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
  24. [24]
    "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
  25. [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. [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.
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