NSE: ANGELONE
Established in 1996, Angel One Limited is a fintech platform that provides millions of Indians with a wide range of financial goods and solutions. Promoted by Mr. Dinesh Thakkar, the company has a market capitalization of approx. ₹24,823.4 Crore. as of FY24.
ANGELONE is regarded as one of the leading stock broking companies in the broking sector in India. The company’s clientele increased 17.2 times over the previous years, from 1.3 million in FY19 to 22.2 million in FY24, which has expanded the Demat market share of the company from 3% in FY19 to 14.7% in FY24. 1
The company offers a comprehensive set of services ranging from broking to investment products, out of which, their biggest revenue driver is the Broking and Depository operations. This segment brought in 80.3% of the total revenue by offering services such as Investing and trading in equity segment, Commodity and currency segments and Depository services. 1
Moreover, the company earned 6.6% of its revenue from Client Funding operations across Margin trading funding (MTF) and Trade+6 days funding (T+6). Additionally, Cross-Selling made up 1% of the revenue, while the rest 12.1% was earned through Other operations. 1
Furthermore, ANGELONE provides services in the areas of open architecture, rule-based recommendation, and research. The company also offers various features, guides and other tools, such as ARQ Prime, SmartAPI, smallcase, Smart Money, and many more. 1
14.99% Market Share in NSE Active Clients with 6.1 Million Base 1
• Net Worth: At the end of FY24, the company reported a rise in net worth from ₹21.6 billion in FY23 to ₹ 30.4 billion.
• NSE Active Clients: ANGELONE had a 14.99% share in the NSE active client base with about 6.1 million clients as of November 2024.
• Super App: The company introduced several new features on for their Super App such as, TradeOne, basket order, stock SIP function and stock widget.
• Orders Executed: At the end of FY24, the total executed orders on the company’s platform stood at 1.4 billion, increasing by 52.2% YoY and the executed orders averaged at 5.8 million orders per day.
• Partnerships: The company has also partnered with numerous other platforms like Vested, Quicko and MarketMojo to enhance its customer’s experience.
• Client Funding: ANGELONE reported that its client funding book averaged around nearly ₹16 billion, and the book stood at ₹17.8 billion during the ending period.
• Client Acquisition: Clients younger than 25 years made up 52% of the company’s acquired client base in FY24. Furthermore, 89% of the gross client addition were from cities beyond tier-1.