Mumbai, 13th May, 2023: Fintech company Angel One Limited (formerly known as Angel Broking Limited) achieved a substantial year-on-year growth of 46.6% in its client base, reaching 14.13 million as of April 2023. The company successfully acquired 0.38 million new clients in the first month of the current financial year.
Indicating its continuous remarkable performance in the fintech industry, Angel One’s overall average daily turnover reached Rs 21.98 trillion, marking a growth of 131.9% YoY. It processed 68.28 million orders in April’23, and the average client funding book recorded Rs 10.99 billion. The company’s retail market share expanded by 245 bps YoY to 23.8%.
Commenting on the company’s growth, Mr. Prabhakar Tiwari, Chief Growth Officer of Angel One Ltd., said, “Angel One’s growing client base and steady business numbers reflect our success in providing clients with informed decision-making capabilities, while providing them with seamless access to various investment opportunities. Our endeavour is to augment our tech capabilities to expand our reach further and facilitate clients in their wealth-creation journey.“
Speaking on business performance, Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., said, “Our steady performance demonstrates the robustness of our tech-backed investment solutions built to fulfil the user’s needs. We recently launched our Super App, which is in line with our vision of providing a smooth and transparent investing experience. We look forward to leverage technology to penetrate deeper, and provide access to capital market products, to those residing in Tier 2, 3 and beyond cities, thereby empowering them to make informed investment decisions and achieve financial goals.”
Angel One recently announced a 100% rollout of its Super App to enable a superior trading and investment experience across Android, iOS and Web. The app, built on the five principles of S.T.A.R.S. – Simplicity, Transparency, Availability, Reliability and Swiftness has been launched in phases in the past year.