What we do Angel One Ltd is India's largest independent retail broking house providing stock, currency, commodity broking, margin trading, mutual funds, and wealth management services via digital platforms. |
Founded in 1,996 |
Market share Holds over 20% market share in retail equity turnover and 16.5% in demat accounts with 35.7 million clients as of 2026. |
Problem solved Enables seamless investment and trading access to retail investors across India including Tier 2 and 3 cities through technology-driven platforms. |
Top clients or who we serve Serves 35.7 million retail clients including millennials and Gen Z, across all investor segments via B2C and assisted B2B channels. |
Key management Dinesh Thakkar (Chairman and Managing Director), Ambarish Kenghe (Group CEO), Vineet Agrawal (Group CFO). |
Our journey and innovations Established in 1996, rebranded in 2020 as Angel One with AI-powered platforms like ARQ; expanded into wealth, asset management, and credit segments. |
Where we operate Primarily operates in India with minimal international presence. |
Top products or what we offer Broking across equity, derivatives, commodities; mutual fund distribution; margin trading; loans against shares; wealth and asset management solutions. |
Top brands Angel Broking App, Angel One Nifty Total Market Index Fund, Angel One Nifty Total Market ETF, Angel BEE platform, Ionic Wealth brand. |
Raw materials needed Not applicable as a service-based fintech and financial services company. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue mix comprises recurring brokerage fees, distribution commissions plus interest incomes with cyclical components from market activity. |
Our industry position Among top 4 retail brokers in India by active NSE clients and incremental demat account additions with a strong digital-first approach. |
Financial highlights FY 2025 consolidated revenue ₹52,477 million, PAT ₹11,721 million; strong YoY growth in revenue and profit; expanding asset base and client funding. |
Geographical revenue split Over 99% revenue from Indian operations; nominal revenue from outside India. |
Order book - |
Whats driving growth Growth driven by digitalization, rising retail participation, diversified product offerings, AI-driven personalization and expansion into wealth management. |
Our future plans Investing in technology, expanding wealth and asset management portfolios, augmenting client funding book, launching new mutual fund schemes and ETFs. |
Our green promise Committed to ESG with Corporate Social Responsibility programs focused on social empowerment and sustainable development. |
Our people and values 3,823 employees with focus on diversity, leadership development, wellness, and inclusion programs reflecting strong organizational culture. |
Key challenges ahead Regulatory changes impacting revenue streams, market volatility, maintaining client engagement and sustaining technology innovation are key challenges. |
Interesting facts Achieved over 35 million clients; launched India's first Angel One Nifty Total Market ETF and integrated proprietary AI-powered advisory engine ARQ. |
Risks and strategy Mitigation includes regulatory compliance, robust risk management, technology investments, and diversification of revenue streams. |
