Fintech platform Angel One Limited (formerly known as Angel Broking Limited) has recorded robust growth in November 2021. The company’s client base expanded to 7.32 million, a 146.2% YoY growth, as it registered gross client acquisition of 0.45 million, a 193.0% YoY growth. Angel One has added 3.4 million clients in eight months in the current financial year.
The Fintech platform has witnessed a stellar growth rate with its state-of-the-art bouquet of products and services for trading and investment like ARQ Prime, Smart Money, Insta Trade etc. In November 2021, Angel One launched campaigns like Smart Sauda 2.0 and Shagun ke Shares to urge GenZ and millennials to hop on the capital market bandwagon. The campaigns are targeted to create awareness about smart solutions offered by the platform.
The company recorded stellar growth across business parameters, with its Average Daily Turnover (ADTO) growing by 219.3% YoY to Rs 7,217 billion in November 2021. The Average Client Funding Book registered 190.9% YoY growth to Rs 15.49 billion in the same month, and the number of orders increased to 57.22 million, a 117.5% YoY growth.
Speaking on the November business growth numbers, Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “We are glad that our growth in client acquisition has remained consistent in the past few months. It means that we are offering the right platform and solution to new-age investors. Our aim is to continue enabling a seamless experience for investors from across the country. Our business growth numbers suggest that both our campaigns in the month of November were largely successful.”
Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “At Angel One, we have integrated advanced technologies like Artificial Intelligence and Machine Learning into our products. Innovation and technology have led our company to achieve such stellar results month on month. We will continue to make efforts to navigate in newer regions, and enable more users to reap the benefits of investing.”