Angel Broking Ltd

Incorporated in 1996, Angel Broking Ltd is one of India's oldest stockbroking houses providing broking, merging funding, advisory, and financial services through brands "Angel Broking" and "Angel Bee" powered by "ARQ". They have a strong market presence with active clientele on the National Stock Exchange (NSE) with a market share of around 6.3% and 2.15 million operational broking accounts as of June 2020.

It's digital transformation helped it being the 4th Largest company in terms of active NSE clients and 2nd largest in terms of incremental NSE clients in Q1 - FY21. Angel Broking being a pioneer in new client activation has access to approximately 79.55 millions persons as of June 30, 2020. From Q1 FY20 to Q1 FY21, its average daily turnover has been increased from Rs. 253,176 million to Rs. 618,945 million.

Angel Broking Ltd offers some of the key products and financial services to the clients:

1. Broking and Advisory
2. Margin Trading Facility
3. Investor Education
4. Loans against shares
5. Research Services

Competitive Strengths

1. Strong brand name
2. Advanced technology and digitalization
3. Strong client base
4. Pan-India presence
5. Strong financial performance

Important Links

• The brokerage Industry and Angel Broking IPO

Company Promoters:

Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)