Mumbai, 13th July, 2023: Fintech company Angel One Limited (formerly known as Angel Broking Limited) witnessed remarkable growth as its client base skyrocketed to 15.06 Million, a significant 44.7% YoY increase, with gross client acquisition of 0.48 million clients in June 2023, a 40.0% YoY growth.
Angel One’s commitment to providing clients with digital-first financial solutions and seamless user experience reflects across business parameters. In June’23, the company registered 89.69 million orders, marking a 27.8% YoY increase, equivalent to 4.27 million average daily orders, a 33.9% YoY growth. Its average client funding book stood at Rs 11.17 billion as of June’23.
The Fintech company continued to record momentous growth in its unique mutual fund SIPs, which grew to 160.08 thousand, a staggering 967.2% YoY increase. Its average daily turnover reached Rs 24,051 billion, a 146.3% YoY rise, and the retail market share expanded by 458 bps YoY to 25.8%.
Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., said, “Our increasing client base is a testament that our continuous innovation renders client satisfaction. While providing our clients with a seamless experience, we are now focused on equipping them with personalized wealth creation through our Super App. We look forward to onboarding more investors from Tier 2, 3, and beyond cities, enabling them to move swiftly towards their financial goals.”
Mr. Prabhakar Tiwari, Chief Growth Officer of Angel One Ltd., said, “Our client base has surpassed the 15 million milestone, which reflects our commitment to customer-first solutions enabled by technology. Our continued focus on innovation has played a major role in tapping unexplored markets. As we move ahead, we are committed to achieving our north star of becoming a trusted fintech brand empowering a billion lives, by leveraging the power of data and technology.“