Archives July 2023

New Delhi, 14th July 2023 Elista, India’s leading Brand of electronics, home appliances, IT & mobile accessories products, has signed an MoU with the Government of Andhra Pradesh in the presence of Shri Y. S. Jagan Mohan Reddy, Hon’ble Chief Minister of Andhra Pradesh. Under this MoU, Elista will invest Rs 100 crore in setting up its second manufacturing plant in Andhra Pradesh. Elista recently announced setting up a modern 1.32 lakh sq ft facility in Andhra Pradesh with an investment of Rs 250 crore in March 2023. This will be the second consecutive plant from Elista in the state, in addition to the investment announced earlier, reaffirming its commitment to Atmanirbhar Bharat.

Scheduled to be operational in Dec 2024, the new manufacturing plant marks Elista’s foray into smartwatch segment, diversifying its product portfolio and responding to the increasing demand for wearable technology. The company is planning to generate Rs 50 crore in revenue from this category by the next financial year. This state-of-the-art plant will have a production capacity of 10 lakh Smartwatches & 2 lakh Speakers and will generate an employment opportunity for around 500 people.

Mr. Saket Gaurav, Chairman and Managing Director of Elista said, “We are thankful to the Government of Andhra Pradesh for its unwavering support and trust they have shown in our capabilities. We are happy that this new plant will create job opportunities for the local population and play a role in our vision of ‘Making in India for the World’ . We are confident that the conducive policies, robust infrastructure, and progressive ecosystem in the state will help us not only create technologically advanced products but also strengthen the overall manufacturing ecosystem in the country. The expansion into the smartwatches category will help Elista become a one-stop solution for consumers.”

The first plant will focus on manufacturing TVs and LED Monitors and the new plant will boost in-house manufacturing of audio speakers, smartwatches, and other large appliances. Together, Elista’s collaboration with the Government of Andhra Pradesh marks a significant milestone in the company’s journey, reinforcing its commitment to manufacturing excellence, job creation, and the development of the Indian economy.

Elista recently entered the UAE & CIS markets and is mulling an entry into other key markets in the MEA region by next year. The company expects to clock revenue of Rs 1,500 crore by 2025 from both Indian and International operations. Elista is working with a year-on-year growth projection of 20% in line with the expansion plans.

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Every campaign is data-driven, therefore having the right data is crucial. Knowing your target audience’s position is vital in today’s highly digital environment. Globally, social media is widely utilised and has become an integral part of everyone’s life. Digital marketing enables you to connect with your audience on a personal level. It is essential to understand which social media platforms will attract the correct kind of audience. The behaviour patterns of customers in various age groups have undergone substantial changes. Snapchat has a younger demographic as against Facebook which has a comparatively older audience base. Some could be on an entirely other medium.In order to better understand the resources your target audience uses, Auburn Digital Solutions used SimilarWeb to obtain data on the age distribution.

Kishore babuPendyala, COO, Auburn Digital Solutions said, “It is essential for a brand to understand the audience it is targeting. Social media marketing has many different facets, and the campaigns will be overlooked if you don’t know who your target audience is and where to reach them.”

When it comes to social media usage in India, Generation Z (Gen Z) is most active. Up to 49% of social media traffic belongs to the 18 to 24 age bracket. Between the ages of 25 and 34, Millennials account for 30% of social media traffic. Thanks to Gen Z and Millennials, social media traffic does not decline, but usage of social media applications among users 35 and older is much lower. Only 10% of those using social media are in the 35 to 44 age range, and 5% are in the 45 to 54 age range.

With a 33.80% traffic rate, WhatsApp is the single social networking app with the greatest usage in India. About 226.6 Million people utilise it each month. With a 37.89% loyalty score, WhatsApp is also the most dependable. Beyond WhatsApp, consumer adherence to a single app is incredibly low. Social media users frequently hop between numerous applications because they prefer to have options. Following WhatsApp, the traffic volume of other social media platforms also significantly decreases. Facebook has roughly 97.52 Million monthly users and a traffic rate of 14.54%. It has a loyalty rating of just 10.17%. With 90.74 Million monthly users and somewhat lower traffic of 13.53%, Instagram has a 6.71% loyalty rate. LinkedIn and Twitter are next in line, with 82.98 million and 68.32 million monthly users, with 12.38% and 10.19% traffic rates, respectively. With 1.430 Million monthly users and 1.98% audience loyalty, Tumblr has the lowest traffic share.

42.4% of Facebook users are female, compared to 57.6% of male users. A little over 43% of Facebook users are in the 18 to 24 age range, followed by 33.5% of users in the 25 to 34 age range and 11% of users in the 35 to 44 age range. Men make up 52.8% of Instagram users, while women make up 47.2%. 54.6% of Instagram users are under the age of 24, followed by 26.7% of users between the ages of 25 and 34 and 9.2% of users between the ages of 35 and 44. With a 62.4% engagement rate, Generation Z (aged 18 to 24) has the greatest engagement rate on Snapchat. Only 18.3% of Snapchat’s users are between the ages of 25 and 35, while only 9.8% are between the ages of 35 and 44. Snapchat has more female users than male users (58.2% versus 41.8%), whereas other applications have more male users. WhatsApp has 39.5% of users between the ages of 18 and 24 and 34.8% of users between the ages of 25 and 34. Men make up 58.6% of WhatsApp users, while women make up 41.4%.

With 139.4 billion monthly users, the US has an18.45% use rate for social media which accounts for the highest social media traffic rate globally.India follows suit, however there is a remarkable decline in social media use there, India comes in second with 6.06% usage and 45.84 Billion monthly users, followed by Brazil with 5.61% usage and 42.44 billion monthly users.With 33.59 billion and 31.85 billion monthly users, Japan and Russia, respectively, utilise social media at rates of 4.44% and 4.21%. With 25.53 billion monthly users, the UK has a 3.38% use rate for social media.

Pune,14th July 2023 – Bharat Forge, a Pune-based Indian conglomerate, made significant strides in corporate social responsibility by implementing sustainable initiatives that positively impact rural communities. Through their latest project, the Lokarpan Solaha solar water pump systems, Bharat Forge brought clean and accessible water to three villages and enhanced the educational experience for students in another village.

In the village of Rui, Bharat Forge has installed a 24 KW capacity solar water pump system known as Lokarpan Solaha. This system, equipped with solar panels, will revolutionize water accessibility for the village, ensuring that water is readily available at every doorstep. Approximately 3,600 villagers will directly benefit from this sustainable solution. By reducing dependency on electricity and diesel, the initiative will also alleviate the burden of heavy electricity bills for the Gram Panchayat, freeing up funds for the development of the entire community.

Similarly, in the villages of Belewadi and Jaygaon, Bharat Forge has implemented solar water pump systems with capacities of 12 KW and 24 KW, respectively. These systems will also provide easy access to water for approximately 3,600 and 2,300 villagers, respectively. By harnessing the power of solar energy, Bharat Forge aims to reduce environmental impact while improving the lives of rural communities.

Recognizing the importance of education, Bharat Forge has also installed a 5 KW solar system in the Zilla Parishad School at Thakarwadi village. This initiative will directly benefit 120 school children, who often face frequent power cuts during school hours. The solar system will ensure a smooth functioning of the school’s computer lab and e-learning centers, providing uninterrupted access to educational resources and enhancing the learning experience for the students.

Bharat Forge remains dedicated to driving sustainable development and positively impacting the lives of people. With their continued focus on corporate social responsibility, the company aims to create a brighter future for all.

Gulf and Williams Racing are delighted to reveal the winner of the highly anticipated Fan Livery Vote. Following an intense battle and an incredibly hard-fought final round, the ‘Bolder than Bold’ design will be showcased on the FW45’s of Alex Albon and Logan Sargeant at the Singapore, Japan and Qatar Grands Prix this year, promising an adrenaline-fuelled spectacle at the trio of races.

The Fan Livery Vote offered fans worldwide the opportunity to shape history by selecting their favourite livery design from a line-up of four themes: Heritage, Bolder than Bold, Visionary, and Contemporary. An enormous 180,000 votes were cast across the closely fought three rounds, which celebrates the spirit of two iconic motorsport brands and is poised to deliver an historic moment on the track later on this season.

The journey began in May with a knockout system that pitted the ‘Bolder than Bold’ design against the ‘Contemporary’ theme in round 1. Round 2 saw the classic ‘Heritage’ design triumph over the ‘Visionary’ concept, securing a place in the ultimate showdown against ‘Bolder than Bold’. Fans across the globe participated in the final vote, with an overwhelmingly close fight to the finish.

In an extremely closely fought final round, with votes cast from all four corners of the world, the winning Gulf livery emerged as ‘Bolder than Bold’, closely beating ‘Heritage’ by securing 51.9% of the votes. This livery celebrates the boldness of those determined to make their mark, keep progressing and pushing boundaries. It embodies more than just being brave, heroic, or fearless. It represents an unwavering commitment to never giving up and always approaching challenges with confidence. Gulf and Williams Racing share a resolute belief in being bold on and off the track.

Before making its thrilling debut later this season, the winning livery will be showcased at the renowned Goodwood Festival of Speed. From 13-16 July 2023, the Williams Racing stand at Goodwood will proudly exhibit the FW45 show car adorned in ‘Bolder than Bold’, granting fans and motorsport enthusiasts an up-close encounter. The fan-centric journey will continue as Gulf and Williams Racing will unveil exclusive behind-the-scenes content, showcasing the craftsmanship that will bring the design to life. Prepare for an unforgettable experience as ‘Bolder than Bold’ roars to life under the night lights of Singapore and beyond.

Mike Jones, CEO, Gulf Oil International: “We are extremely proud of our partnership with Williams Racing and this livery is marking an iconic moment in motorsport history. The campaign has been a huge success and sparked excitement for both Gulf and Williams fans alike. Providing the fans with the power to control this competition has hugely influenced the results. Gulf’s iconic colours have created four incredible liveries with one standout winner chosen by the fans, Bolder than Bold, which will now be inscribed into Gulf’s rich motorsport history.”

James Vowles, Team Principal, Williams Racing: “This competition was an incredible opportunity for our fans to actively engage and shape the visual identity of our team. The winning design encapsulates the essence of the Gulf and Williams Racing partnership, reflecting on the past but building on our future. This livery will create a defining moment when it takes to the track later in the season.”

New Delhi,14th July 2023 The National Real Estate Development Council (NAREDCO) has announced the launch of its Delhi chapter, aiming to uplift the real estate sector in the capital city, which has long been deprived of development due to various ceilings and restrictions. NAREDCO, the apex national body representing the real estate sector, recognizes the need for a nodal body to play a crucial role in taking the real estate industry of Delhi to the next level, particularly with the redevelopment of new habitats in the city.

The NAREDCO Delhi Chapter has chosen industry leaders to spearhead the revitalization of the real estate sector. Harshvardhan Bansal, Director Unity Group, assumes the role of President, with PK Gupta, CMD of NBCC as Chairman, Vineet Kanwar Group Executive Director, DLF as Vice Chairman, and Gaurav Jain, MD, Samyak as President Elect. Together, they will prioritize transparency, advocate for policy reforms, and unlock the untapped potential of Delhi’s real estate market.

“The inauguration of NAREDCO’s Delhi chapter marks a significant step towards bridging the gaps in the real estate sector of the city. Delhi has faced numerous ceilings and restrictions that have hindered its development. With this chapter, we aim to create a platform for collaboration and dialogue, fostering transparent business practices, and addressing the concerns of multiple stakeholders,” emphasized Mr. Rajan Bandelkar, National President, NAREDCO.

He said “The upcoming chapter of NAREDCO Delhi will prioritize the implementation of schemes, with a particular emphasis on affordable housing, through the establishment of a land pooling policy which is long pending. This policy, in conjunction with a strategic master plan, will be instrumental to drive the development of real estate infrastructure and commercial sectors in Delhi” Acknowledging the pivotal role played by housing in attaining the Prime Minister’s vision of a 5 trillion economy, Mr Bandelkar further added , “NAREDCO is committed to bringing Delhi on par with other states where real estate and commercial growth is flourishing. This presents an opportune moment to focus on these initiatives and contribute to the overall progress and prosperity of the city”

Mr. Parveen Jain, Chairman, NAREDCO, acknowledged the challenges faced by the real estate sector in Delhi and expressed his optimism about the chapter’s impact. “The launch of the NAREDCO Delhi chapter is an important milestone in our efforts to revitalize the real estate industry in the city. Despite the existing limitations, Delhi holds immense potential for growth and redevelopment. Through this chapter, we aim to work closely with local governing bodies and real estate players to overcome hurdles, promote transparent business practices, and unlock the true potential of Delhi’s real estate market.”

NAREDCO currently has state chapters in Maharashtra, Telangana, Karnataka, Odisha, Madhya Pradesh, Uttar Pradesh, Gujarat, Andhra Pradesh, Jammu & Kashmir and Rajasthan. After the successful launch of the Delhi chapter, NAREDCO is also working towards establishing a chapter in Uttarakhand.

The NAREDCO Delhi chapter will focus on building strong ties with local governing bodies and fostering collaboration with real estate players to ensure the interests of all stakeholders are addressed. It will actively advocate for policy reforms and work towards eliminating barriers that have hampered the growth of the real estate sector in the city.

Inviting, real estate developers, builders, industry professionals, and stakeholders to actively participate and contribute to shaping the future of Delhi’s real estate industry, Mr Harsh Vardhan Bansal, the newly elected President of NAREDCO Delhi Chapter said “The Delhi chapter of NAREDCO will play a crucial role in bringing about positive changes in the real estate landscape of the city. We understand the importance of transparent business practices and intend to champion them in the best interests of multiple stakeholders. By collaborating closely with the government, industry experts, and other stakeholders, we aim to create an enabling environment that promotes sustainable growth and attracts investment in the real estate sector,”

Welcoming the formation of Delhi Chapter, Mr Gaurav Jain, President Elect of Delhi Chapter of NAREDCO said, “The launch of the NAREDCO Delhi chapter is expected to facilitate the much-needed redevelopment and rejuvenation of the city’s real estate sector. By leveraging its extensive network and expertise, NAREDCO seeks to bridge the gaps, advocate for policy reforms, and ensure transparent business practices that benefit all stakeholders involved.”

Bengaluru, 13th July 2023: Across the rise and peak of web2 platforms, content creators have learned that it’s their imagination and work upon which a platform’s success relies.

Any benefits have been greatly skewed towards the operator on web2, rather than the creator. So it’s no surprise that as the digital world transitions into web3, platforms are emerging that offer a much fairer deal to the millions of people who are developing that amazing content.

Leading the charge are Chingari and Bolt+. Both platforms are tightly focused on building a sustainable creator economy that benefits everyone fairly. Platforms upon which creators can build a community, a content catalogue to be proud of, and a genuine career.

Chingari is one of India’s biggest rising social stars, offering a social, short-form video platform that’s supercharged with a vibrant web3 ecosystem. With more than 50 million users and boasting over 1.6 billion views, it topped the Indian download charts and provided a home to the country’s biggest creators, along with their huge communities of fans.

Bolt has approached social content from a different angle. Bolt+ is a web3 content-sharing platform with a smart TV app that’s pre-installed on over 8 million TVs, a self-custody BoltX digital asset wallet, and its own EVM-compatible media-focused blockchain, BoltChain. Combined with the BoltOS toolset, content creators have everything they need to launch, operate, and earn from their very own interactive TV channels.

“A partnership between Chingari and Bolt was an easy choice,” says Sumit Ghosh, CEO and co-founder at Chingari. “We share a lot of the core values, not least of them being a fair and sustainable economy for content creators. So we’re kickstarting our partnership by launching a Chingari TV channel on Bolt+. This new social TV experience allows us to bring some of India’s most popular and prolific content creators to television for the first time.”

Legions of fans, who are already using the Chingari mobile app, can now watch their favourite creators on the silver screen through the Bolt+ smart TV app. A whole new audience can watch, engage with, and support creators from the living room through the dedicated social TV experience Sumit is talking about.

This also heralds Bolt’s big push into India. While already massively popular across Australia, Africa, South Africa, South Asia, and Europe, Bolt has been acutely aware of the untapped creative talent awaiting it in India. The opportunity for those creators to make the leap onto TV without sacrificing the interactive aspects of their existing communities has never been more achievable.

“India is a country that’s been able to see the benefits of web3 for a long time,” says Bolt Global CEO Jamal Hassim. “Millions of content creators have been waiting for that revolution to happen. That’s clear from the meteoric rise of Chingari and the rapid adoption of its web3 technology by those millions of talented content stars. Those same creators now have the potential to also broadcast their content on TV. That’s the ultimate goal of online creators who are working to turn their content into a real career – one that’s even shared by the likes of Mr Beast and Lilly Singh. This partnership between Bolt and Chingari not only makes it possible for every one of them to do this, but makes it easy.”

Bolt and Chingari have a lot more in the works as their partnership grows. This initial expansion into the world of social TV for creators and across the Indian territory for the web3 content delivery platform is an exciting first step that everyone is invited to join in with.

India, July 13, 2023: Retailers Association of India (RAI) was invited to attend the FAPRA Joined HOD & ED Meeting 2023 held in Ayutthaya, Thailand organised by Federation of Asia Pacific Retailers Associations (FAPRA), and hosted by the Thai Retailers Association (TRA). Eleven (11) countries who are members of FAPRA represented by their Heads attended the meeting.

Retailers Association of India (RAI), represented by Kumar Rajagopalan (CEO of RAI), was inducted as a full member by the Executive Council. The onboarding of RAI on FAPRA will provide RAI members an exposure to first-hand learnings and support in the APAC retail market.

Speaking about the development, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “We are thrilled to announce that the Retailers Association of India (RAI) is now a member of the esteemed Federation of Asia-Pacific Retailers Associations (FAPRA). We believe that this membership signifies a new chapter of increased collaboration, information sharing, and growth for Indian retail at large. We now aim to collaborate and cooperate to bring in the best practices across the region.”

Dr. Chatrchai Tuongratanaphan, Vice President, Thai Retailer Association, said,

“We are pleased to welcome the Retailers Association of India to the Federation of Asia Pacific Retailers Associations (FAPRA) This is a significant development in the growth and evolution of the retail industry in the APAC region. India’s remarkable retail growth, characterized by the rapid proliferation of both online and offline platforms, along with a swelling consumer base, presents a unique opportunity for all of us to learn, adapt, and grow. Their experience in managing this growth, and harnessing it in innovative ways, is something we are keen to understand and learn from,”

“Simultaneously, the inclusion of RAI into FAPRA provides a platform for us to share our insights and learnings, derived from our respective markets. It presents a two-way street for knowledge and idea exchange that could help shape the future of the retail industry in the Asia Pacific region.”

“As we embrace the diversities in our retail landscapes, we also celebrate the common goal of providing the best for our consumers. We are confident that this collaboration will be mutually beneficial, stimulating progress, innovation, and sustainable growth across all our retail sectors.” Dr. Chatrchai Tuongratanaphan further added.

Evelyn Salire, Secretary-General, Philippine Retailers Association, expressed, “We are happy to welcome the Retailers Association of India into the Federation of Asia Pacific Retailers Associations (FAPRA). This is a step forward in promoting collaboration and exchange of ideas within the retail industry in the APAC region. India, with its vast young population, holds enormous potential and new opportunities for the retail sector. This young demographic represents a dynamic, tech-savvy, and evolving consumer base that can be a catalyst for innovation and growth in the retail industry across Asia Pacific.”

“Furthermore, the inclusion of RAI in the FAPRA strengthens our collective capacity to share best practices, learn from each other’s experiences, and foster an environment that encourages innovation. We believe that through open dialogues and consistent collaboration, we can navigate the challenges of the retail industry, foster sustainable growth, and contribute to the betterment of the retail landscape in our region. We look forward to the unique perspectives and fresh ideas that our colleagues from India can share. More power!” Evelyn Salire further added.

The Federation of Asia Pacific Retailers Associations (FAPRA) is the premier group of the national associations for retail in the Asia pacific having about 18 economies in APAC to date, including the Philippines, Singapore, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, China, Hong Kong, Chinese Taipei, Japan, South Korea, New Zealand, India, Sri Lanka, Fiji, Mongolia and Kyrgyztan. The FAPRA welcomes retail associations and chambers of commerce representing the retail sector in APAC countries to join as members. FAPRA aims to promote information exchange and discuss issues for the development of commerce, retailers and improvement of citizens’ lives. For more info www.fapra.net

About Retailers Association of India:

Retailers Association of India (RAI) is the unified voice of Indian retailers. RAI works with all the stakeholders for creating the right environment for the growth of the modern retail industry in India. It is a strong advocate for retailing in India and works with all levels of government and stakeholders with the aim to support employment growth and career opportunities in retail, to promote and sustain retail investments in communities from coast-to-coast, and to enhance consumer choice and industry competitiveness.

Mumbai: 13th July 2023: EaseMyTrip.com, one of the largest online travel tech portals in India signs a General Sales Agreement (GSA) with SpiceJet Airline to sell, promote, and market passenger tickets and other products and services to passengers in India.

EaseMyTrip is entering into an arrangement with SpiceJet as a strategic intervention which is an attempt for both companies to expand their services in the Indian market. This GSA agreement will commence from 1st August 2023. Under this arrangement, EaseMyTrip will be responsible for selling and promoting the products and services offered by SpiceJet in India that will help customers to avail the services of SpiceJet.

Commenting on the agreement, Nishant Pitti, CEO & Co-Founder, EaseMyTrip said, “We are elated to be partnering with Spicejet and anticipate gaining of additional momentum and propel towards becoming a leader in the air ticketing industry within the next 18 to 24 months. With this collaboration and the potential for future acquisitions, we are presented with a fantastic opportunity for growth. We are eagerly anticipating the exciting possibilities that lies ahead as we further explore our partnership with Spicejet,” said Mr. Nishant Pitti, CEO and Co-Founder, EaseMyTrip

Shilpa Bhatia, Chief Commercial Officer, SpiceJet, said, “I am pleased to announce the appointment of EaseMyTrip as a General Sales Agent of SpiceJet for India. With their extensive experience, strong industry connections, and deep understanding of the Indian market, we are confident that they will drive our sales efforts to new heights. We look forward to a successful collaboration that will elevate our brand and enhance customer experience.”

With EaseMyTrip’s extensive network in the travel industry, the company will play an important role in boosting SpiceJet’s sales. As per the GSA, EaseMyTrip will actively leverage its distribution channels, and employ all necessary measures to enhance the distribution and network of SpiceJet.

New Delhi, 13th July 2023: Leading transportation solutions provider Avis India revealed that Indians traveling abroad have shown an increasing preference for renting self-drive cars in recent times.

Avis has outlined the global travel preferences of Indian consumers by identifying key trends pertaining to international self-drive bookings in 2022 and 2023.

Indians have increasingly become eager to set off to foreign lands, with an estimated 20 million Indians planning a trip abroad annually. Intriguing insights into the preferences of Indian travelers was revealed by Avis India’s Self-Drive International Booking Trends of 2023, which highlights that the U.S. was the most traversed international self-drive destination for Indians, with a 31% share, followed by U.K., France, South Africa, Italy and Portugal.

Aman Naagar, Managing Director, Avis India said, “International travelers from India have been quick to take to the popular concept of renting self-drive cars, made evident by our annual Self-Drive International Booking Trends. The privilege of having your own car empowers renters to discover new destinations which carries a powerful appeal for individuals. At Avis India, we turn to these insights to enhance customer experiences across the globe, providing our customers with exceptional services and a modern, reliable fleet.”

We have a presence across 180 countries, Avis India offers the exclusive choice and ease of booking a car on rent in different locations right from India before travelers set out on their journeys.

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.“