Angel One’s Super App Strategy Fuels Spectacular 45.5% YoY Surge in Client Base to 15.65 million in July 2023

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Mr. Prabhakar Tiwari, CGO, Angel One Ltd
Angel One's Super App Strategy Fuels Spectacular 45.5% YoY Surge in Client Base to 15.65 million in July 2023
  • The company recorded a surge in Unique Mutual Fund SIPs, reaching 200.27 thousand, a 1,568.9% YoY boost
  • Angel One retail market share expands to 26.0%, marking a year-over-year increase of 400 basis points

Mumbai, 28th August, 2023: Fintech company Angel One Limited (formerly known as Angel Broking

Limited) growth momentum continued as its client base expanded to 15.65 million, a 45.5% YoY growth, with gross client acquisition of 0.61 million, a 78.4% YoY rise, in July 2023. Being India’s most trusted Fintech company, Angel One is dedicated to empowering a billion lives by leveraging the power of data and technology.

Angel One’s efforts to provide a seamless wealth-creation experience have led to its growth across business parameters. In July’23, there were 109.05 million orders, a 63.7% YoY increase, equivalent to 5.19 million average daily orders. The company’s average client funding book stood at Rs 11.80 billion.

Angel One’s ongoing trend of remarkable expansion persisted as it documented significant growth in its Unique Mutual Fund SIPs at 200.27 thousand, an impressive increase of 1,568.9% YoY. The company’s average daily turnover reached Rs 28,153 billion, a 173% YoY growth, as its retail overall equity turnover market share expanded to 26.0%, a 400 bps YoY expansion. 

Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., said, “Our remarkable month-on-month growth is a testament to our effective incorporation of cutting-edge technologies into our operational framework. Over the years, we’ve evolved profoundly at Angel One, characterized by an unwavering commitment to innovation.”

Mr. Prabhakar Tiwari, Chief Growth Officer of Angel One Ltd., said, “Our unwavering commitment to delivering an improved trading and investment experience to clients nationwide is reflected in the steady growth across diverse business metrics. The effectiveness of our Super App reinforces our mission to simplify participation in the country’s capital markets, encouraging clients from Tier 2, 3, and beyond cities to embark on their journey towards building wealth.”