Angel Broking

Angel Broking Private Limited
Private
Industry Stock Broker and Financial services
Headquarters Mumbai, India
Key people
 Dinesh Thakkar
(Chairman & Managing Director)
Services
Subsidiaries
  • Angel Commodities Broking Pvt. Ltd.
  • Angel Fincap Pvt. Ltd.
  • Angel Financial Advisors Pvt. Ltd.
  • Angel Securities Ltd.
Website www.angelbroking.com

Angel Broking is an Indian Stock Broking firm established in 1987.[1] The company is a member of the Bombay Stock Exchange (BSE),[2] National Stock Exchange (NSE), National Commodity & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange of India Limited (MCX).[3] It is a depository participant with Central Depository Services Limited (CDSL).[4] The company has 8500+ sub-brokers and franchisee outlets in more than 900 cities across India.[5]

The company Angel Broking provides financial services to retail clients.[6] Their services include online stock broking,[7] depository services,[8] commodity trading and investment advisory services. Wealth management[9] solutions such as personal loans and insurance are also delivered by this company. In 2006, the company started its Portfolio Management Services (PMS), IPOs business and Mutual Funds Distribution (MFD) arm.[10] The company publishes research reports on areas related to investment broking.[11]

Products

Angel Broking offers products such as Angel Eye, Angel SpeedPro, Angel Trade and Angel Swift[12] for online trading. Angel Eye is a browser trading application; SpeedPro is a trading platform application;[13] Angel Trade offers an online trading platform for share investors, while Swift consists of a trading app for small devices.[14][15][16]

History

Entrepreneur Dinesh Thakkar started his business in 1987 with a capital of Five Lakhs Indian Rupees and lost half of the money within eight months. In 1989, he started off again as a sub-broker.[17] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in December, 1997.[18] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[19] The company opened its commodity broking Division in April, 2004.[20] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[21] In 2007 the World Bank arm International Finance Corporation bought 18% stake in Angel Broking.[22]

Awards

References

  1. ↑ "Angel Broking". VCCircle - Biz Circle Company Search Service.
  2. ↑ "List of Members - Derivatives". BSE India. p. Clearing No. 612. Retrieved 29 April 2015.
  3. ↑ "Angel Broking". Bloomberg. Retrieved 29 April 2015.
  4. ↑ "List of CDSL DP's". Central Depository Services (India) Limited. Retrieved 29 April 2015.
  5. ↑ Srinivasan, Karthik; Shivakumar, L. (2012). "Angel Broking Profile" (PDF). www.icra.in. ICRA Ltd.
  6. ↑ "Background" (PDF). Dun & Bradstreet India. Retrieved 27 April 2015.
  7. ↑ "IIMs on Board with Angel Broking". moneycontrol.com. 12 March 2008.
  8. ↑ "SEBI REGISTERED DEPOSITORY PARTICIPANTS OF CDSL AS ON 31-08-2011" (PDF). Securities and Exchange Board of India (SEBI). SEBI. p. 1 Sr. No. 34. Retrieved 29 April 2015.
  9. ↑ Trivedi, Nishith (18 April 2008). "Angel Broking to foray into NBFC biz". Business Standard.
  10. ↑ "Broking - India's Leading BFSI Companies 2011" (PDF). India: D&B Business Insight Series. 2011: 98.
  11. ↑ "Angel Broking neutral on State Bank of India". MSN Money. 27 April 2014.
  12. ↑ angelswiftmobile&hl=en "Angel Swift for Smartphones" Check |url= value (help). Google Play.
  13. ↑ "Angel SpeedPro". software.informer.
  14. ↑ "Angel Trade's Trading Platforms". Chittorgarh.
  15. ↑ "Angel Broking launches 'We for you' campaign". Afaqs. 15 November 2012.
  16. ↑ "Angel Broking Brokerage Charges". Indian Share Broker. Retrieved 24 April 2015.
  17. ↑ Ghosh, Ahona; Gupta, Apurv (16 October 2012). "Dinesh Thakkar's Angel Broking expands while other brokerages downsize". Economic Times Website.
  18. ↑ Sood, Parina (7 November 2014). "Manage money, make money". Franchise India.
  19. ↑ Study Of Best Practices In The Bfsi Sector For Marketing, Branding & Communications Plan. Sanjay Gupta. p. 53. Retrieved 29 April 2015.
  20. ↑ "Angel Broking Limited- Background" (PDF). Dun & Bradstreet. Dun & Bradstreet.
  21. ↑ "Birla Sun Life enters into alliance with Angel Broking". Economics Times. Press Trust of India (PTI). 26 November 2007.
  22. ↑ "IFC Buys 18% In Angel Broking For Rs 152 Cr; Goldman, Macquarie In Deal With PFS". VCCircle. 23 November 2007. Retrieved 8 May 2015.
  23. ↑ Press Trust of India (28 May 2009). "Angel Broking to raise Rs 300 cr from PE firms". Business Standard. New Delhi.
  24. ↑ "Angel Broking wins Best Retail Broking House Award for the 3rd time". Commodity Online. 9 October 2012.
  25. ↑ "Top 10 Performers in Equity Segment (Retail Tading) FY 2012-13". BSE India. Retrieved 29 April 2015.
  26. ↑ "Zee Business Organises Financial Markets Conclave 2010". India DTH Blog. April 2009.
  27. ↑ "Angel Broking awarded as the Best Retail Equity Broking House at the "BSE-IPF D&B Equity Broking Award 2013"". Indian News & Times.
  28. ↑ "Top 10 performer in Equity Segment (Retail) 2013 - 2014". Indiainfoline. Retrieved 29 April 2015.
  29. ↑ "Award Winners 2014". Dun & Bradstreet. Retrieved 29 April 2015.

External links

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