Angel One Arm Forms a Fully Owned Subsidiary in Maharashtra

Officials from Angel One claim that its entirely owned company, Angel One Wealth, was the one that founded its fully owned subsidiary, Angel One Investment Services. Five crore was the permitted capital when Angel One Investment Services was incorporated.

The company was founded with the intention of carrying on the business of offering various distribution and referral services related to financial products and services, such as third-party portfolio management services, schemes of third-party alternative investment funds (AIF) and distribution of other financial products related to wealth management, insurance products and other financial products. Additionally, the company plans to carry on the business of offering financial and investment advisory services, management and facilitation services, consulting on investments, conducting analysis, assessment and research and managing investments, assets and funds.

The whole share capital of Angel One Investment Services Private is held by Angel One Wealth Limited, a wholly owned subsidiary of the company that was formerly known as Angel One Wealth Management Limited.

In terms of active NSE clients, Angel One is the biggest listed retail stock brokerage business in India. The business offers its clients margin funding, loans secured by shares, brokerage and advisory services and the distribution of financial goods from third parties. Through digital and online channels, as well as a network of authorized individuals, broking and related services are provided.

In Q4 FY24 compared to Q4 FY23, the brokerage firms’ combined net profit increased by 27.34% to Rs 339.95 crore, driven by a 63.46% increase in total revenue to Rs 1,358.54 crore.