Angel One (company)

Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange,[2] National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.[3] It is a depository participant with Central Depository Services Limited (CDSL).[4]

History

Angel Broking was incorporated on 8 August 1996 as a private limited company.[5] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in september, 1997.[6] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[7] The company opened its commodity broking Division in April, 2004.[8] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[9] The International Finance Corporation bought an 18% stake in Angel Broking for inr 1520000000 in December 2007.[10] The company opened an office in Karol Bagh, New Delhi in October 2012.[11]

In January 2013, a probe found the company and two other entities involved in fraudulent and unfair trade practices in transactions of shares of Sun Infoways during Feb-May 2001. As a result, SEBI restrained from taking new clients for a period of two weeks.[12] Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.[12][13] Angel Broking began offered shares through an initial public offering in September 2020, and was listed on the Bombay Stock Exchange and the National Stock Exchange on 5 October 2020.[14]

The company rebranded as Angel One in 2021.[15][16] In June 2024, Angel One reached a client base of 2.47 crore (24.7 millions).[17]

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