Angel Broking

Angel Broking is an Indian stockbrokerage

firm established in 1987.[1] The company
is a member of the Bombay Stock
Exchange (BSE),[2] National Stock
Exchange of India (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]
 Angel Broking

Type Public company

Industry Financial services

Headquarters Mumbai, India

Key people Dinesh Thakkar

(Chairman & Managing
Director)

Services Stockbroker
Equity trading
Commodities
Portfolio Management
Services
Mutual funds
Life insurance
Health insurance
IPO
Depository Services
 Investment Advisory

Subsidiaries Angel Commodities

Broking Pvt. Ltd.
Angel Fincap Pvt. Ltd.
Angel Financial
Advisors Pvt. Ltd.
Angel Securities Ltd.
Website www.angelbroking
.com

The company financial services[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.

Products
Angel Broking offers products such as
Angel Eye, Angel BEE mutual fund app[11],
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]

Angel broking app has been incorporated

with a machine learning technology called
ARQ, that keys in up to a billion data points
and uses advanced nature-based
algorithms, quantitative analysis and the
Nobel-prize winning Modern Portfolio
Theory [17] to enable personalized
investment advice to help users get better
returns on their investments. ARQ is based
on a model whose performance has been
optimized to provide recommendations
with high outperformance and strike rates.
The model has been tested using scientific
back-testing and has also been validated
based on its track record.[18]

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.[19] Later,
Angel Broking was incorporated as a
wealth management, retail and corporate
broking firm in December, 1997.[20] In
November 1998, Angel Capital and Debt
Market Ltd. gained membership of
National Stock Exchange as a legal
entity.[21] The company opened its
commodity broking Division in April,
2004.[22] In November 2007, Birla Sun Life
Insurance joined hands with Angel Broking
for distribution of its insurance
products.[23] In 2007 the World Bank arm
International Finance Corporation bought
18% stake in Angel Broking.[24]. 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 restrained from
taking new clients for a period of two
weeks[25]. Angel filed an appeal against
the SEBI order which was dismissed by the
Securities appellate tribunal[26][27].
Recently Angel Broking has filed for an IPO
with SEBI for an amount of Rs 600
crore[28]. This offer includes issuance of
new shares worth Rs 300 crore and stake
sale by promoters and IFC selling Rs 120
crore worth of stake.

Awards
2009 - 'Broking House with Largest
Distribution Network' Award and 'Best
Retail Broking House' Award at BSE IPF-
D&B Equity Broking Awards[29]
2012 - BSE IPF-D&B Equity Broking
Award for ‘Best Retail Broking House’[30]
2012-13 - Among BSE Top 10
Performers in Equity Segment (Retail
Trading) FY 2012-13[31]
2013 - BSE-IPF D&B Equity Broking
Award for ‘Broking House with Largest
Distribution Network’[32]
2013 - BSE-IPF D&B Equity Broking
Award for 'Best Retail Equity Broking
House'[33]
2013-14 - Awarded ‘Top Three Clients
Traded Members in Equity’ by the BSE[34]
2014 - BSE-IPF D&B Equity Broking
Award for ‘Broking House with Largest
 Distribution Network’[35]
2014 - Global Marketing Excellence
Award for 'Best Mobile trading
application'[36]
2017 - MCX Commodity broker of the
year award[37]

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 launches AI-based
BEEChat" . Times of India.
12. "Angel Swift for Smartphones" .
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 Stock Brokers. Retrieved
29 April 2015.
17. "Angel Broking's machine learning
engine is like having Iron Man's Jarvis
by your side" . Economic Times.
18. "Angel Broking experts explain how
investment engine 'ARQ' works" .
Money Control.
19. Ghosh, Ahona; Gupta, Apurv (16
October 2012). "Dinesh Thakkar's
Angel Broking expands while other
brokerages downsize" . Economic
Times Website.
20. Sood, Parina (7 November 2014).
"Manage money, make money" .
Franchise India.
21. Study Of Best Practices In The Bfsi
Sector For Marketing, Branding &
Communications Plan . Sanjay Gupta.
p. 53. Retrieved 29 April 2015.
22. "Angel Broking Limited- Background"
(PDF). Dun & Bradstreet. Dun &
Bradstreet.
23. "Birla Sun Life enters into alliance with
Angel Broking" . Economics Times.
Press Trust of India (PTI). 26
November 2007.
24. "IFC Buys 18% In Angel Broking For Rs
152 Cr; Goldman, Macquarie In Deal
With PFS" . VCCircle. 23 November
2007. Retrieved 8 May 2015.
25. "Sebi restrains Angel Broking, other
stock brokers for two weeks" . The
Economic Times. 31 January 2013.
Retrieved 28 March 2019.
26. "Sebi restrains Angel Broking, other
stock brokers for two weeks" . The
Economic Times. 31 January 2013.
Retrieved 28 March 2019.
27. Bureau, Our. "Tribunal upholds SEBI
order against Angel Broking" .
@businessline. Retrieved 28 March
2019.
28. "Angel Broking files for Rs 600 crore
IPO with Sebi" . The Economic Times.
5 September 2018. Retrieved
28 March 2019.
29. Press Trust of India (28 May 2009).
"Angel Broking to raise Rs 300 cr from
PE firms" . Business Standard. New
Delhi.
30. "Angel Broking wins Best Retail
Broking House Award for the 3rd
time" . Commodity Online. 9 October
2012.
31. "Top 10 Performers in Equity Segment
(Retail Tading) FY 2012-13" . BSE
India. Retrieved 29 April 2015.
32. "Zee Business Organises Financial
Markets Conclave 2010" . India DTH
Blog. April 2009.
33. "Angel Broking awarded as the Best
Retail Equity Broking House at the
"BSE-IPF D&B Equity Broking Award
2013" " . Indian News & Times.
34. "Top 10 performer in Equity Segment
(Retail) 2013 - 2014" . Indiainfoline.
Retrieved 29 April 2015.
35. "Award Winners 2014" . Dun &
Bradstreet. Retrieved 29 April 2015.
36. "Angel Broking App Gets The 'Best
Mobile Trading Application Award' at
Global Marketing Excellence Awards" .
www.businesswireindia.com.
Retrieved 28 March 2019.
 37. "Angel Broking bags prestigious
'Commodity Broker of the Year
Award' " . EquityBulls. 20 May 2017.
Retrieved 28 March 2019.

External links
Official website

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title=Angel_Broking&oldid=889866890"

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