Angel One ends FY’22 with 9.21 million clients and robust growth across parameters
Mumbai, 08 April 2022: Fintech company Angel One Limited (formerly known as Angel Broking Limited) continues to grow on the back of its tech-driven, user-friendly solutions. The company has registered tremendous growth throughout FY’22 to expand its client base to 9.21 million, marking a 123.7% YoY growth. It added 0.48 million clients in March 2022 and more than doubled its gross client acquisition in FY’22 to 5.29 million, a 123.7% YoY growth.
The tech-based efforts and technological advancement at the company have led to 73.55 million orders in March 2022, a 76.3% YoY increase. The company’s Average Daily Turnover (ADTO) in March 2022 was Rs 8.84 trillion, a 121.6% YoY increase. The Average Client Funding Book reached Rs 15.64 billion, a 24.1% YoY rise.
Talking about the consistent growth of the company, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “The financial year 2021-22 was fruitful for us as we more than doubled our client base throughout the year. It is a clear indication that our efforts toward simplifying finance are in the right direction. In the next year, we will keep with our attempts to reach potential investors in Tier 2, Tier 3 & beyond cities and introduce them to our innovation-driven products.”
Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “Our technological advancements on the Angel One platform in the past year have serviced 9.21 million clients. With the increasing client base, we understand the need to make our platform and products more reliable and predictable. This year, in line with our plan of a super app, we will focus on upgrading the capabilities of our platform along with offering more personalization options. It is part of our efforts to make Angel One the most preferred platform in their wealth creation industry.”
The Fintech company is reaching investors in different markets to offer its state-of-the-art digital investment solutions that enable a seamless wealth creation experience.