Business

Angel One ends FY’22 with 9.21 million clients and robust growth across parameters

The company has recorded an extensive rise in numbers of orders at 73.55 million in March 2022, 210.80 million orders during Q4 FY’22 and 680.10 million orders throughout the year

Fintech company Angel One Limited (formerly known as Angel Broking Limited) continues to grow on the back of its tech-driven, user-friendly solutions. The company has registered tremendous growth throughout FY’22 to expand its client base to 9.21 million, marking a 123.7% YoY growth. It added 0.48 million clients in March 2022 and more than doubled its gross client acquisition in FY’22 to 5.29 million, a 123.7% YoY growth.

The tech-based efforts and technological advancement at the company have led to 73.55 million orders in March 2022, a 76.3% YoY increase. The company’s Average Daily Turnover (ADTO) in March 2022 was Rs 8.84 trillion, a 121.6% YoY increase. The Average Client Funding Book reached Rs 15.64 billion, a 24.1% YoY rise.

Talking about the consistent growth of the company, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “The financial year 2021-22 was fruitful for us as we more than doubled our client base throughout the year. It is a clear indication that our efforts toward simplifying finance are in the right direction. In the next year, we will keep with our attempts to reach potential investors in Tier 2, Tier 3 & beyond cities and introduce them to our innovation-driven products.”

Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “Our technological advancements on the Angel One platform in the past year have serviced 9.21 million clients. With the increasing client base, we understand the need to make our platform and products more reliable and predictable. This year, in line with our plan of a super app, we will focus on upgrading the capabilities of our platform along with offering more personalization options. It is part of our efforts to make Angel One the most preferred platform in their wealth creation industry.”

The Fintech company is reaching investors in different markets to offer its state-of-the-art digital investment solutions that enable a seamless wealth creation experience.

About Angel One Limited:
Angel One Limited, (formerly known as Angel Broking Limited), (NSE: ANGELONE, BSE: 543235) is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through (i) online and digital platforms and (ii) a network of Authorized Persons.
Angel One Ltd extensively uses Artificial Intelligence and Machine Learning to create a superior digital experience. The company has built a host of digital properties like Angel One Mobile App, Angel BEE Mobile App, ‘ARQ Prime’ a rule-based recommendation engine, ‘SmartAPI’ a free-to-integrate API platform, ‘Smart Money’ an investor education platform, ‘SmartStore’ a marketplace for fintech products, learning platform and social forums for 9+ million clients.

This article was shared with Prittle Prattle News as a Press Release

Must read- New year

Follow Us: Facebook Instagram | Twitter YouTube | LinkedIn Pinterest Tumblr

Related Posts

1 of 1,089