Mumbai, March 2023: Fintech company Angel One Limited (formerly known as Angel Broking Limited) recorded a progressive 52.2% Y-o-Y growth in its client base as it reached 13.33 million in February’23, acquiring 0.45 million clients.
The company witnessed robust growth across all business parameters in February’23. Its retail turnover market share increased to 22.6%, a 178 bps YoY expansion. At the same time, the Overall Average Daily Turnover touched Rs 17.57 trillion, a 97.8% Y-o-Y growth. The number of orders rose to 83.50 million, recording a growth of 18.8% Y-o-Y. The average client funding book stood at Rs 12.99 billion.
Commenting on strong business performance, Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., said, “Our ongoing progression in business is backed by our strong tech-enabled growth strategies. By leveraging technology effectively, we are empowering people to reap the benefits of equities and allied products, in their wealth creation journey. Going forward, we will continue to enhance user experience, as we offer a wider bouquet of services.”
Speaking on the ongoing growth, Mr. Prabhakar Tiwari, Chief Growth Officer of Angel One Ltd., said, “We have been witnessing robust growth in our business metrics as we effectively leverage our digital capabilities. Our continuously improving performance highlights the supremacy of our product, seamless client experience, strong digital marketing strategies and engagement journeys built.”
Angel One launched its Super App, which is built on five key pillars – (S.T.A.R.S) – Simplicity, Transparency, Availability, Reliability, and Swiftness; for all users, on both platforms – iOS and Android.