Business

Angel One’s client base increased by 77.4% year on year to 11.57 million

Angel One provides its customers with cutting-edge products and services.

Angel One Limited. The Fintech company’s overall equity market share increased to 21.6%, a 133 bps YoY growth

Angel One Limited (previously known as Angel Broking Limited) added 0.39 million clients in September 2022, bringing the total client base to 11.57 million, a 77.4% year on year increase.

The company’s average daily turnover increased by 116.4% year on year to Rs 13.74 trillion.

Angel One continues to record strong business growth, with 90.54 million orders in September 2022, a 65.8% rise year on year.

The company’s market share in overall retail equity turnover climbed by 133 basis points year on year to 21.6%, while the average customer financing book increased by 9.3% year on year to Rs 15.39 billion.

“The steady growth in our client base suggests that Angel One is on the right track, incorporating tactics to reach out to potential clients in Tier 2, 3, and beyond locations.” At Angel One, we are dedicated to encouraging more people to join the wealth development bandwagon. Through our digital tools, we enable people all over India to get access to the capital market and make sound investment decisions.”

Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd,

“It is fairly clear that digital firms like us have spearheaded the growth in retail involvement in India, We are pleased to report that Angel One is working hard to create a more robust digital ecosystem for its clients. Our mission is to deliver a never-before experience in wealth development with our secure and smooth Super App. We will continue to investigate innovative technology and methods of incorporating them into our systems.”

stated Mr. Narayan Gangadhar, Chief Executive Officer of Angel One Ltd.

Angel One provides its customers with cutting-edge products and services. Its Super App, which is founded on the five main pillars of (S.T.A.R.S) – Simplicity, Transparency, Availability, Reliability, and Swiftness – provides a secure, easy, and personalised investment experience.

The software is currently available to all users on both the web and iOS platforms.

About Angel One Ltd:

Angel One Limited (previously Angel Brokerage Limited) (NSE: ANGELONE, BSE: 543235) is India’s largest listed retail stock broking business by active clients on the NSE.

Angel One is a technology-driven financial services firm that offers its clients brokerage and advisory services, margin funding, loans against shares, and the distribution of third-party financial products.

Broking and related services are provided via I online and digital platforms, as well as (ii) a network of Authorized Persons.

To provide a superior digital experience, Angel One Ltd makes heavy use of Artificial Intelligence and Machine Learning.
For over 11 million clients, the company has created a slew of digital properties such as 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.
This article was shared with Prittle Prattle News as a Press Release.
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