Angel One Limited, formerly known as Angel Broking Limited, is an Indian

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and ...

firm established in 1996. The company is a member of the Bombay Stock Exchange,

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Maha ...

, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It is a depository participant with Central Depository Services Limited (CDSL).

History

Angel Broking was incorporated on 8 August 1996 as a

private limited company A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United St ...

. Later, Angel Broking was incorporated as a

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

, retail and corporate broking firm in september, 1997. In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity. The company opened its commodity broking Division in April, 2004. In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products. The

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...

bought an 18% stake in Angel Broking for in December 2007. The company opened an office in Karol Bagh, New Delhi in October 2012. 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 The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

restrained from taking new clients for a period of two weeks. Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal. Angel Broking began offered shares through an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in September 2020, and was listed on the Bombay Stock Exchange and the National Stock Exchange on 5 October 2020. The company rebranded as Angel One in 2021.

Offerings

The company offers multiple online trading apps. Services include online stock broking, depository services,

commodity trading A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing ...

and

investment advisory An Investment advisory, in financial/investment organizations, is the unit linking the investment professionals in the central asset management unit (Investment Research, Portfolio Management) to the relationship managers and/or to important clien ...

services,

personal loans In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the t ...

and

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

, portfolio management services,

IPOs In demonology, Ipos is an Earl and powerful Prince of Hell (a Duke to some authors) who has thirty-six legions of demons under his command. He knows and can reveal all things, past, present and future (only the future to some authors, and past an ...

business and

mutual funds A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV ...

distribution. *

References

External links

* {{Online brokerages Indian companies established in 1996 1996 establishments in Maharashtra Financial services companies based in Mumbai Financial services companies established in 1996 Stockbrokers Online brokerages Brokerage firms Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange 2020 initial public offerings