Angel Broking acquires over 5 million clients
17th Jun 2021

Angel Broking has successfully crossed the ‘5 million clients’ milestone with an accelerated monthly client addition rate. The company clocked its highest-ever monthly gross client acquisition in May 2021 as it on- boarded 0.43 million clients, which was over twice the monthly average recorded in the last fiscal. Its client addition rate has consistently increased quarter after quarter, growing more than 14 times to 0.96 million in Q4 FY 2021 from less than 0.10 million in Q1 FY 2020.

Angel Broking has further reached a record Average Daily Turnover (ADTO) of around Rs 4.8 trillion, which is nearly 19 times as compared to Rs 253 billion in Q1 2020.

The company is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.