The company is driving an unprecedented growth in business with an increase in the overall NSE Active Client base to 1.45 million, expanding its share in overall NSE active client base to 8.08%
Mumbai, 18thMarch, 2021:In its run-up towards the top spot in the industry, Angel Broking has now attained the 3rd position in terms of active client numbers at the National Stock Exchange. The development comes in less than a year after the digital-first broker’s emergence as the fourth-largest brokerage House in India. The new numbers mark the company’s consistent upward growth trend, registering a whopping INR 4,005 billion in overall ADTO, almost six times the number attained this time last year.
Angel Broking’s NSE Active Client base increased by an impressive 2.5x in the current financial year, while the overall growth of the client base was 2.1x. The company’s meteoric rise is mirrored by its digital-first strategy and growing participation of millennials in trading and investments. In February 2021, Angel Broking’s digital-first approach resulted in the highest gross client addition of 0.29 million customers, marking 350.1% growth YoY. In its two and half decade long experience, Angel Broking has made significant strides in sustaining its growth. It brought customers into the fold through online trading platforms, mobile apps, and a host of industry-first services.
As of Feb’21, the company reached 3.75 million clients, an incredible 119% increase from 1.71 million clients in Feb’20. The growth came on the back of several cutting edge digital services, which until recently remained out of the average Indians’ reach. Today, a significant number of new clientele hail from tier II and III cities, and they also happen to be young millennials and Gen Z. The new generation of young investors are adept at handling gadgets and new technologies, and they are keen to explore investment opportunities offered by the market in this format as well.
Angel Broking has devised several new mobile app-based services keeping the needs of millennials, especially first-time investors in mind. Its mobile trading app can seamlessly execute trades, offer relevant market insights, advisory services, drive foreign investments, and a lot more. New-age investors can also start trading with Angel Broking in less than 10 minutes. On top of it, the competitively priced brokerage service charges far lesser rates as compared to traditional brokerage Houses. Such aspects have drawn first-time investors to Angel Broking from far corners of the country.
Speaking on the achievement, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel Broking said, “We have constantly worked towards enhancing the digital experience for our customers. The user-friendly interface is also in line with young millennial investors’ expectations, and it makes their trading experience a lot more seamless. We thank our clients for this elevation as top 3 brokerage house and seek to achieve greater heights through their support in the coming months.”
Mr. Vinay Agrawal, CEO, Angel Broking said, “The current success of Angel Broking has been a few decades in the making. We have been consistent with our efforts in bringing technology to the lowest common denominator, and we are now reaping its rewards. Indian investors of all age groups and social strata deserve the best services available anywhere, and we shall strive to deliver world-class options to them.”
As one of the leading digital brokers in the country, Angel Broking’s technology-driven approach meets global standards. The growth journey shows how contemporary innovation can transform the industry landscape. It offers a plethora of digital services, including digital platforms that address the gaps in investors’ knowledge about the market. Investors can learn while investing, apart from being introduced to markets in India and the world.