Angel Broking is one of the largest retail broking houses in India in terms of active clients on the NSE as of June 30, 2020. The company is a technology-led financial services company that provides broking and advisory services, margin funding, loans against shares through one of their subsidiaries called AFPL, and financial products’ distribution to its clients under the brand ‘Angel Broking’. The broking and allied services are offered through online and digital platforms and a network of over 11,000 authorized persons as of June 30, 2020. The company has reported more than 4.39 million downloads of its Angel Broking mobile application and close to 1 million downloads of Angel BEE mobile application as of June 30, 2020, which eases the digital availability of its services.
The company has been able to garner 398 million digital impressions in June 2020 on various online and digital platforms through the application of digital marketing. The company’s customer outreach spans approximately 96.87 per cent or 18,649 pin codes in India as of June 30, 2020. It manages ₹1,32,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020. Angel Broking is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), National Commodity and Derivatives Exchange (NCDEX) and Multi-Commodity Exchange (MCX).
This story is from the June 07, 2021 edition of Dalal Street Investment Journal.
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This story is from the June 07, 2021 edition of Dalal Street Investment Journal.
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