Professional Documents
Culture Documents
Before the establishment of the securities and exchange board of India, the principal legislations governing
the securities market in India were the capital issues control act 1956 and the securities contract act 1956.
The regulatory powers were vested with controller of capital issues for the primary market and the stock
exchange division for the secondary market in the Ministry of finance, Government of India.
In the year 1989, SEBI was created by an administrative fiat of the ministry of finance. Since then, SEBI as
gradually was granted more and more powers. With the repeal of the capital issues control act and the
enactment of the SEBI act in 1992, the primary market has become the preserve of SEBI. Further, the
ministry of finance, government of India, has transferred most of the powers under the securities contracts
SEBI protects the interest of investors in securities and promote the development of securities market.
FUNCTIONS OF SEBI:
Regulate the business in stock exchanges and any other securities markets.
Register and regulate the working of capital market intermediaries like as brokers, merchant bankers,
Securities and Exchange Board of India (SEBI) was set up as an administrative arrangement in 1988.In
1992, the SEBI Act was enacted, which gave statutory status to SEBI. It mandates SEBI to perform a dual
function: investor protection through regulation of the securities market and fostering the development of
this market. SEBI has been vested most of the functions and powers under the Securities Contract
Regulation (SCR) Act, which brought stock exchanges, their members, as well as contracts in securities
which could be traded under the regulations of the Ministry of Finance. It has also been delegated certain
powers under the Companies Act. In addition to registering and regulating intermediaries, service providers,
mutual funds, collective investment schemes, venture capital funds and takeovers, SEBI is also vested with
the power to issue directives to any person(s) related to the securities market or to companies in areas of
issue of capital, transfer of securities and disclosures. It also has powers to inspect books and records,
The securities market is regulated by various agencies such as the Department of Economic Affairs (DEA),
The Department of company affairs (DCA), the Reserve Bank of India and the SEBI. The activities of these
The Bombay Stock Exchange is known as the oldest exchange in Asia. It traces its history to the 1850s,
when stockbrokers would gather under banyan trees in front of Mumbai's Town Hall. The location of these
meetings changed many times, as the number of brokers constantly increased. The group eventually moved
to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock
Brokers Association'. In 1956, the BSE became the first stock exchange to be recognized by the Indian
Government under the Securities Contracts Regulation Act. As the first stock exchange in India, the
Bombay Stock Exchange is considered to have played a very important role in the development of the
country's capital markets. The Bombay Stock Exchange is the largest of 22 exchanges in India, with over
6,000 listed companies. It is also the fifth largest exchange in the world, with market capitalization of $466
billion.
The Bombay Stock Exchange uses the BSE Sensex, an index of 30 large, developed BSE stocks. This index
gives a measure of the overall performance of the Bombay Stock Exchange, and is closely followed around
the world. Based on the Sensex, the BSE equity market has grown significantly since 1990.
In addition to individual stocks, the BSE also has a market in derivatives, which was the first to be
established in India. Listed derivatives on the exchange include stock futures and options, index futures and
options, and weekly options. The Bombay Stock Exchange is also actively involved with the development of
the retail debt market. The debt market in India is considered extremely important, as the country continues
to develop and depends on this type of investment for growth. Until recently, the debt market in India was
limited to a wholesale market, with banks and financial institutions as the only participants.
The Bombay Stock Exchange believes that a retail market will bring great opportunities to individual
trading system in 1995. It took the exchange only fifty days to make this transition.
The Organization:
The National Stock Exchange of India Limited has genesis in the report of the High-Powered Study
Group on Establishment of New Stock Exchanges, which recommended promotion of a National Stock
Exchange by financial institutions (FIs) to provide access to investors from all across the country on an
equal footing. Based on the recommendations, NSE was promoted by leading Financial Institutions at the
behest of the Government of India and was incorporated in November 1992 as a tax-paying company unlike
On its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956 in April 1993,
NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital
Market (Equities) segment commenced operations in November 1994 and operations in Derivatives segment
NSE Markets
Equity
Derivatives
Debt
Equity Derivatives
Debt Market
NSE Organization Structure
NIFTY:
The Nifty is relatively a new comer in the Indian market. S&P CNX Nifty is a 50 stock index
accounting for 23 sectors of the economy. It is used for purposes such as benchmarking fund portfolios;
index-based derivatives and index funds. The base period selected for Nifty is the close of prices on
November 3, 1995, which marked the completion of one-year of operations of NSE's capital market
segment. The base value of index was set at 1000. S&P CNX Nifty is owned and managed by India Index
Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL is a specialized
company focused upon the index as a core product. IISL have a consulting and licensing agreement with
Standard & Poor's (S&P), who are world leaders in index services.
COMPANY PROFILE
Angel Broking ltd. already has a presence in India through company Law, incorporated on December, 1997.
It offers world-class financial planning and a wide range of wealth management products to mass affluent
and affluent customer segments. Angel Broking limited provides a complete range of financial products and
services that include equity Broking (internet based online trading as well as offline trading), financial
planning, insurance, investment products, equity research, demat account and more.
Angel Broking Limited is one of the leading and professionally managed stock Broking firm involved in
quality services and research. Angel Broking Limited is a corporate member of The Stock Exchange,
Mumbai.
The membership of the company with The Stock Exchange Mumbai was originally in the name of Mukesh
R. Gandhi, which was eventually turned into a corporate membership in the name of Angel Broking
Limited.
Angel Broking Limited is managed by Mr. Dinesh Thakkar and he is well supported by Mr. Mukesh
Gandhi, a fifteen years veteran in the market.The group is well supported by a professional and qualified
research team and efficient operations and back office team, which comprises of highly dedicated and
Angel believes in reaching out to the customer at the farthest end rather than by reaching out to them. The
company in its endeavor to give its client the best has opened up several branches all over Mumbai, which
are efficiently integrated with the Head Office.Angel Broking Limited is primarily into retail stock broking,
with a customer base of retail investors, which has been increasing at a compounded growth rate of 100%
every year. The company has huge network sub-brokers in Mumbai and other places outside Mumbai,
registered with SEBI, who act as Chanel partners for the company. The company presently has total staff
strength of around 150 employees who are spread accordingly across the head office and all the branches.
Angel has empowered its physical presence throughout India through various strategies which it has been
adopting efficiently and effectively over a period of time, like opening up of branches at various places, tie-
ups with various agencies and sales agents, buy-outs of smaller regional outfits and appointment of sub-
brokers and franchisees. Moreover Angel has been tapping and including high net-worth and self-employed
Angel has always strived in the direction of delivering ultimate client satisfaction and developing stronger
bonds with its customers and chose partners. Angel has a vision to introduce new and innovative products
and services regularly. Moreover Angel has been one among the pioneers to introduce the latest
MISSION:
To create long term value by empowering individual investors through superior financial services supported
VISION:
Services Stockbroker
Equity trading
Commodities
Portfolio Management
Services
Mutual funds
Life insurance
Health insurance
IPO
Depository Services
Investment Advisory
Angel Financial
Website www.angelbroking.com
ANGEL BROKING ORGANIZATION STRUCTURE
CSO (Central
Support
Office)
Business
Angel Clients
Associates
Angel Clients
MILESTONES
May 2009
Awarded with 'Broking House with Largest Distribution Network' and 'Best Retail Broking House' at Dun &
August, 2008
November, 2007
March, 2007
Crossed 200000 trading accounts
December, 2006
October, 2006
September, 2006
July, 2006
March, 2006
October, 2005
September, 2004
April, 2004
April, 2003
November, 2002
March, 2002
November, 1998
December, 1997
BOARD OF DIRECTOR
Mr. Dinesh Thakkar Founder Chairman & Managing Director. The Angel Group of Companies was brought
to life by Mr. Dinesh Thakkar. He ventured into stock trading with an intention to raise capital for his own
independent enterprise. However, he recognized the opportunity offered by the stock market to serve
individual investors. Thus, India’s first retail-focused stock-broking house was established in 1987. Under
his leadership, Angel became the first broking house to embrace new technology for faster, more effective
Mr. Thakkar is valued for his understanding of the economy and the stock-market. The print and electronic
media often seek his views on the market trend as well as investment strategies.
Mr. Lalit Thakkar is the motivating force behind Angel’s highly acclaimed Research team. He’s been a part
of the senior management team since the Angel Group’s inception. His technical and fundamental outlook
has provided impetus to Angel’s market research team. Research-based & personalized advisory services are
Angel’s forte, and Mr. Lalit Thakkar has undoubtedly been the brain behind it.
When it comes to analyzing the market, Mr. Lalit Thakkar is truly a genius. His hands-on experience and
fundamental knowledge of the market can predict the market trend early. His views on the market trend are
A chartered Accountant by qualification, Mr. Amit Majumdar is a key member of Angel’s strategic
decision-making process. He has been with the group since August 2004. He has handled several functions
of the group like finance and operations, to name a few. He has rich experience in finance, investment
Majumdar has been associated with Rabo India Finance, Ambit Corporate Finance and Ernst & Young.
Mr. Rajiv Phadke has actively contributed to the Group’s growth over the last four years. Holding a major in
Finance, Mr. Rajiv Phadke is a strategic thinker with expertise in the field of corporate planning,
With over 32 years of experience, Mr. Phadke has successfully led SBUs and financial companies from
concept to commissioning. His career horizon spans Motilal Oswal Securities, Times Guaranty Financials,
Nagarjuna Securities and Tata Exports Ltd. He is also a well-known speaker in the HR and business
development circuit and his views are featured on various electronic media as well.
Mr. Vinay Agrawal leads the Equity Broking business at Angel, which comprises Business Development,
Operations, Product Development and E-broking initiative. He is actively involved in exploring new ways to
A Chartered Accountant by qualification, Mr. Agrawal began his career with the Angel Group as Finance
and Operations Consultant, and since then he’s quickly climbed up the corporate ladder.
With an MBA in finance, Mr. Nikhil Daxini has been instrumental in introducing the concept of professional
marketing of broking services at Angel. His area of focus is Business Development, Risk Management and
Operations.
Mr. Daxini has immense experience in the marketing of financial products and services. He has been
associated with HDFC Bank Ltd. in the past.Mr. Hitungshu Debnath Executive Director - Distribution &
Wealth Management.
A marketing professional and a British Chevening scholar from the London School of Economics, Mr.
Hitungshu Debnath leads the Distribution and Wealth Management business at the Angel Group. It includes
the distribution of Insurance, mutual funds, IPOs, personal loans and other wealth management products.
Mr. Debnath has over 18 years of industry experience. He has been associated with Times Guaranty
Financial Ltd., Fortress Financial Services Ltd., Alliance Capital Asset Management and HDFC Asset
Mr. Mudit Kulshreshtha heads the advance analytics and strategic business intelligence division at Angel.
With a Bachelor’s degree in Engineering and PhD in Economics, Mr. Mudit Kulshreshtha has more than 12
year’s experience in the field of strategy and business consulting.He has been associated with reputed
consulting firms like Deloitte Consulting India, Ernst and Young, Arthur Andersen and WNS Global. He has
advised several big clients in the U.S. and U.K. He is also a known speaker at public seminars and
Mr. Syam brings with him over 18 years of experience in the field of Transaction Banking, Wholesale
Banking, Treasury Banking, Consumer Banking and CBS. He started his career with ANZ Grind lays Bank
and he was also associated with Standard Chartered Bank in India as Director Transactional Banking.
Mr. Syam followed up his Engineering degree with an MBA. He has also attended Banking & Technology
and Strategies. Mr. Shah leads all IT-related activities from planning and budgeting to implementation and
maintenance.
Mr. Shah has over 18 years of industry experience. He has been involved in various aspects of Business
Ms. Pinky Kothari is responsible for development and expansion of the Angel Group’s business in Southern
India. She started her career at Angel as Business Development Executive. She was then appointed the head
of Surat Branch and the South Gujarat region, before assuming the role of Associate Director.
A qualified Company Secretary and an MBA in Finance, Ms. Kothari has vast experience in business
A CFA of 1997, Mr. Mathur holds a Post-Graduation degree in Financial Management and Business
Finance. He brings with him over 14 years of experience in the financial markets. He had been associated
with Religare Commodities, Karvy Consultants and with BLB Ltd in the past. He has been involved in
several management activities, treasury operations, corporate and strategic planning, and research activities
Strength: -
Good Database
Reliance Brand
Low pricing
Weakness: -
Inexperienced Staff
Developing product.
Opportunity: -
Untapped Market
Unpredictable Sensex
Threat: -
Reach
The company financial services Their services include online stock broking, depository services, commodity
trading and investment advisory services. Wealth management solutions such as personal loans and
insurance are also delivered by this company. In 2006, the company started its Portfolio Management
Services(PMS) ,
IPO’s business and Mutual Funds Distribution (MFD) arm. The company publishes research reports on
Angel Broking Pvt Ltd: Angel Broking ltd is engaged in providing trading facility in equity cash, derivatives
(NSE, BSE), currency futures (NSE and MCX), portfolio management services and distribution of third-
party products like Life Insurance, Mutual funds & Personal Loans.
Angel Commodities Broking Pvt Ltd: Angel Broking Commodity Limited is a member of both the
commodity exchange MCX & NCDEX and allows trading in all the commodities. At present, trading in
Angel Broking Equity Trading: Angel broking is registered member of NSE and BSE, you can trade in
Equity Cash and Equity Derivatives with angel using online or offline (branch / sub brokers) network. Angel
Broking equity research team is there for you to give daily research report, weekly research report, latest
Angel Broking Commodity Trading: Angel broking is registered member of MCX & NCDEX, trade in
Commodity future with angel using online or offline (branch / sub brokers) network. Angel Broking
commodity research team also provides daily commodity research report, weekly commodity research
Angel Fin Cap: Providing service like Loan Against Shares, IPO Funding and more.
With Angel Broking you can invest in major mutual funds. Angel Broking Mutual fund service helps you to
diversify your portfolio. Angel Broking Mutual Fund research service is available for you for free of cost.
Angel broking is registered as a Depository Participant with CDSL. You can avail Demat service with Angel
Avail intraday trading tips by advisory service to get most of your investment. With angel Broking intraday
trading tips, you can buy and sell stocks on same day without waiting for delivery call and wait for T+2
days.
With Advisory Desk key task is to help client understand their risk profile and define investment goals
realistically. This desk give you guide line what to buy / sell and when to buy / sell. Advisory desk help
Assistance for opening hassle free NRE/NRO/PIS A/C with multiple tie up bank with ANGEL BROKING
LTD.
Angel Broking has tie up with AXIS, INDUSIND, IDBI, Yes bank for NRE/NRO/PIS
Angel Broking Life Insurance Service: With Angel Broking you can avail life insurance products like Term
Plans, Endowment Plans, Money back Plans, Children Life Insurance Plans and ULIP Plans to meet your
Flash News
Nifty Tracker
Online Charts
Intraday Calls
Position Calls
2009 - 'Broking House with Largest Distribution Network' Award and 'Best Retail Broking House'
2012 - BSE IPF-D&B Equity Broking Award for ‘Best Retail Broking House’
2013 - BSE-IPF D&B Equity Broking Award for ‘Broking House withLargest Distribution Network’
2013 - BSE-IPF D&B Equity Broking Award for 'Best Retail Equity Broking House'
2013-14 - Awarded ‘Top Three Clients Traded Members in Equity ’by the BSE
2014 - BSE-IPF D&B Equity Broking Award for ‘Broking House with Largest Distribution Network
2014 - Global Marketing Excellence Award for 'Best Mobile trading application'