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Finance

Angel One’s client base grows by 66.5% YoY to 12.19 million in November’22

Mumbai, 07 December 2022: FinTech company, Angel One Limited (formerly known as Angel Broking Limited), exhibited a 66.5% YoY increase in its client base as it reached the 12.19 million mark with 0.32 million gross client acquisition in November’22. Angel One also witnessed strong business growth with 70.82 million orders, registering an increase of 23.8% YoY.

The company’s Average Daily Turnover surged to Rs. 12.97 trillion, depicting a 79.7% YoY growth. Its market share in overall retail equity turnover increased to 21.1% with a 4bps YoY expansion. Angel One’s average client funding book for November’22 was at Rs. 12.92 billion .

Speaking on this significant growth, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd., said, “All in all, our performance has remained robust in the wake of expanding client base and growing number of orders. This indicates that we are on the right path in spreading awareness about the importance of investing in financial assets among people. At Angel One, we continue to focus on empowering people across age groups and geographies.”

Commenting on the strong business performance, Mr. Narayan Gangadhar, Chief Executive Officer of Angel One Ltd., said, “We are growing our client base and acquiring clients from every nook and corner of the country. We attribute the strong business performance to our tech-enabled strategy, that is enabling us to penetrate deeper into the country. We strive to provide our clients with a simple and seamless product during their investing journey, thus contributing to the growth of the Indian Capital Markets.”

Angel One launched its Super App for iOS & Web users, earlier this year. In November, the company launched the Android version of its app for limited users. Built on five key pillars – (S.T.A.R.S) – Simplicity, Transparency, Availability, Reliability, and Swiftness, it provides a secure, effortless and personalised investment experience.

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