Business

Angel One logs a 96.9% YoY increase in its client base as it expands to 10.41 million in June 2022

The number of orders for Angel One in June 2022 was strong at 70.15 million, a 42.6% YoY rise

Fintech company Angel One Limited (formerly known as Angel Broking Limited) announced its business growth numbers for June 2022, indicating another impressive month. The company closed the first quarter of the financial year with 10.41 million clients, a 96.9% rise since last year. The growth across business parameters comes with 0.34 million clients added in June 2022 and 1.26 million in the quarter.

Angel One processed 70.15 million orders in June 2022, a 42.6% YoY growth. The Fintech company’s overall Average Daily Turnover (ADTO) grew to Rs 9.76 trillion in June 2022, a 118.5% YoY growth. Its average client funding book surged 19.8% YoY to Rs 16.31 billion in June 2022.

Commenting on the growth numbers, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “Our growth numbers are a proof that people’s interest in capital markets is increasing, despite the current volatility. We achieved a massive feat this quarter as our client base surpassed the 10 million mark. With the launch of our Super App, we look forward to offering our clients an advanced wealth creation experience.”

Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “The persistent increase in our client base demonstrates the confidence our clients have in us. It gives us a boost to continue working on making Angel One the best Fintech platform for wealth creation. We want this partnership between Angel One and its expansive client base to be long-lasting. Angel One is scaling up to cater to a larger client base as we aspire to achieve our goal of market leadership.”

Angel One is on a journey to redefine wealth creation in India. It is making advanced investment tools accessible to people in all parts of the country, including the under-penetrated tier 2 and 3 & beyond cities.

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