Tag: Angel One

Business

Angel One joins hands with Seasoned team of Wealth Managers to lead its Tech-Led Omnichannel Wealth Management Business

Mar 5, 2024 by Mansi Praharaj 0 Comments #Angel One, #digital disruption, #Mr. Dinesh Thakkar, #Wealth Management Business

Mumbai, 5th March 2024: A group of seasoned wealth managers, collaborate with Angel One, one of India’s leading fintech players, as Co-Founders to lead its private wealth management foray. Srikanth Subramanian joins as Co-Founder & CEO of Angel One Wealth Limited; he comes with more than twenty years of experience in investment and wealth management business. He joins from Kotak Cherry, the digital wealth management arm run by Kotak Mahindra Bank. Other Co-Founders include Shobhit Mathur and Dharmendra Jain. Shobhit will lead the Wealth-Tech and Customer Excellence teams and Dharmendra will bring his strategic expertise in investment solutions and products. The new business leaders will collaborate with Angel One in tapping opportunities in the wealth management space, catering to the growing needs of emerging HNIs and Ultra HNIs.

ANGEL ONE ,Srikant

Mr. Dinesh Thakkar, Chairman and Managing Director, Angel One Limited, said, “The wealth management business has witnessed significant growth over the last decade with rising affluents in our country. We believe this space is ripe for a digital disruption. With the addition of such accomplished leaders to our team, we aim to not only accelerate this growth but also enhance our presence in the full-stack financial services space. The expertise of Srikanth and his team aligns seamlessly with this vision of ours. As we navigate the dynamic financial landscape, their strategic contributions will be pivotal in propelling Angel One to new heights.”

Mr. Srikanth Subramanian, Co-Founder & CEO, Angel One Wealth Limited said, “I am thrilled to be a part of the Angel One Group and build a tech-led omnichannel wealth management business. The innovative digital approach and established market position perfectly complements our goal of providing comprehensive financial solutions that cater to the evolving landscape of India. We are primed to democratize access to wealth management.”

Angel One Wealth Limited has an experienced founding team comprising seasoned wealth managers and domain experts in technology, advisory and client engagement. Leveraging our expertise in technology, our platform aims to enhance decision-making on investments. With each of the co-founders having a domain expertise of about two decades and a strong foundation in technology, having built a platform catering to millions of users, the company aims to grow in the WealthTech space.

Angel One achieved 108.7% YoY growth in its client base at 10.10 million in May 2022
Business

Angel One achieved 108.7% YoY growth in its client base at 10.10 million in May 2022

Jun 9, 2022 by Agency 0 Comments #Angel One, #Growth

Fintech company Angel One Limited (formerly Angel Broking Limited) continues to record strong performance across business parameters in May 2022. The company achieved a significant milestone with its client base expanding to 10.10 million in May, a 108.7% YoY growth. The gross client acquisition for the month was 0.47 million, a 10.2% YoY growth, indicating continued growth momentum.

The Fintech company processed 70.63 million orders, a 48.4% YoY growth, in May 2022. The company also registered impressive numbers in other areas, as its overall Average Daily Turnover (ADTO) grew by 88.2% YoY to Rs 8.94 trillion in May 2022. Angel One’s average client funding book surged by 60.4% YoY to Rs 18.84 billion.

Commenting on the growth numbers, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “Our goal is to make investment solutions accessible to as many people as possible. The journey to 10 million clients, a feat achieved by only a few in the industry, has been extremely exciting. Angel One has always aimed to provide its clients with the best-in-class products and services that lead to solid wealth creation. We are glad that we are making investments simplified for so many individuals in the country.”

Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “We are growing across business parameters, and it has been possible only because of our technologically advanced products. I feel extremely happy for the trust our clients have put in us, as we partner with them in their wealth creation journey. Going forward, we are look to serve an expansive client base as we set ourselves to claim market leadership. Our endeavour is to constantly improve and provide the most beneficial solutions to our clients.”

Angel One is democratizing the capital market by making it accessible to people across India, even in tier 2, 3 cities & beyond. To further simplify investment, the company recently launched its Super App for limited users. The Angel One Super App is a powerful web and mobile platform built on the principles of simplicity, reliability, availability, swiftness and transparency.

Angle one
Business

Angel One Limited launches subscription-based smallcase services curated by Managers on its platform

Dec 21, 2021 by Gouri Achary 0 Comments #Angel One, #Angel One Limited, #Narayan Gangadhar, #Prabhakar Tiwari, #Vasanth Kamath

In another step towards empowering its customers by enabling them to build a diversified portfolio, Angel One Limited (formerly known as Angel Broking Limited), a one-stop financial services brand, announced a collaboration with several leading research analysts and investment advisors to offer subscription-based small cases on its platform. Users can now invest in 33 new small cases offered by Managers.

The partnership will enable users to invest in equity & ETF portfolios based on innovative strategies from India’s notable investment managers. Angel One clients will be able to explore equity options curated by SEBI-registered analysts and advisors such as Abakkus, Green Portfolio, Capitalmind, Teji Mandi, Wright Research, Windmill Capital, Weekend Investing and Aurum Capital. The suggested portfolios will be based on quantamental framework, growth, quality, dividend, factor investing, quantitative, momentum, etc.

Talking about the association, Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “At Angel One, we believe in simplifying the investor journey by providing them with a bouquet of tech-driven processes, tools and platforms. The new small case services will help our clients in maximizing their returns. They will be able to navigate through multiple baskets of stocks/ETFs and diversify their portfolios for long-term investments.”

Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “At Angel One, we have always aimed at enabling our investors to maximize their returns by providing them with technologically-advanced solutions. We are adding more small cases to our platform to help them achieve the same. Now they have more options to explore and adopt the investment strategy that works best for them.”

Vasanth Kamath, Founder & CEO, small case, said, “This partnership aligns with small cases efforts in democratizing investment products and offering unique strategies for Angel One’s clientele. There is an increased interest among individual investors looking for differentiated strategies and exposures while exercising complete control over their investments. small cases offer a unified and transparent solution to such clients.”

Managers will review the small cases regularly to ensure that it continues to reflect the underlying strategy. Investors will be charged a fee to avail the benefits of these bespoke portfolios through small cases. While some are available in percentage-based models, others are available in flat-fee models. Angel One users can review and invest in these small cases from a single platform.