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Expect market to open up by end of FY26: Angel One group CEO Kenghe - The Economic Times

Economic Times

Economic Times · 4m ago

Expect market to open up by end of FY26: Angel One group CEO Kenghe - The Economic Times

Angel One CEO Ambarish Kenghe anticipates business recovery by FY26 as regulatory and economic pressures ease, despite recent profit declines. The firm is diversifying beyond broking into wealth management, lending, and mutual funds, leveraging AI for personalization and efficiency. Angel One aims to reduce its dependence on stockbroking by expanding its offerings and enhancing customer experience. Competitors like Groww and Zerodha are also diversifying to mitigate revenue reliance on stockbroking.

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Ambarish Kenghe becomes Group CEO of Angel One

Inshorts · 8m ago

Ambarish Kenghe becomes Group CEO of Angel One

Ambarish Kenghe has been appointed as the new Group CEO of Angel One. Known for his expertise in product innovation and digital transformation, Kenghe is set to lead the company's next growth phase, focusing on expanding its digital finance footprint and enhancing customer experiences. His leadership is expected to accelerate innovation and shape Angel One’s future strategies.

Angel One appoints former Google Pay VP Ambarish Kenghe as Group CEO

Entrackr

Entrackr · 10m ago

Angel One appoints former Google Pay VP Ambarish Kenghe as Group CEO

Angel One appoints former Google Pay VP Ambarish Kenghe as Group CEO Mumbai-based stockbroking firm Angel One has announced the appointment of Ambarish Kenghe as Group Chief Executive Officer. Kenghe will assume his role as CEO in March 2025. Previously, as Vice President and General Manager at Google Pay APAC, Kenghe was instrumental in scaling Google Pay's footprint and advancing the UPI ecosystem in India. He also played a pivotal role in the launch of Chromecast and contributed significantly to the development of Google TV. Before Google, he served as Chief Product Officer at Myntra, spearheading AI/ML-powered innovations that redefined the fashion e-commerce landscape. "With his proven track record of driving innovation and deep expertise in the industry, he is the visionary leader we need to propel us into our next chapter of growth,” said Dinesh Thakkar, Chairman and Managing Director of Angel One. Angel One is the third-largest stockbroking platform in India, behind Groww and Zerodha. The company has 7.75 million active clients and controls a 15.67% market share in the stockbroking space. Its revenue from operations jumped 19.2% to Rs 1,262.2 crore in the December quarter, compared to Rs 1,059 crore in the same period of the previous financial year, with profits surging 8.1% to Rs 281.4 crore.

Groww less vulnerable to F&O trading curbs than peers: Nuvama - The Economic Times

Economic Times

Economic Times · 13d ago

Groww less vulnerable to F&O trading curbs than peers: Nuvama - The Economic Times

Groww is expected to be less affected by potential curbs on retail derivatives trading compared to peers like Angel One, according to Nuvama Institutional Equities. A 5% decline in futures and options orders could reduce Groww's revenue and profit by 2.5% and 4.4%, respectively, with less impact on margins than Angel One. The company's dependence on derivatives trading has decreased, with its active client base growing significantly, and it’s exploring new segments like loans and wealth management.

Angel One to invest Rs 400 cr in life insurance JV with Singapore's Livwell

Economic Times

Economic Times · 3m ago

Angel One to invest Rs 400 cr in life insurance JV with Singapore's Livwell

Angel One announced a joint venture with Singapore's Livwell Holding Company to invest at least Rs 400 crore in a 'digital-first' life insurance company. Angel One will hold a 26% stake, while Livwell will hold 74%. The venture aims to address India's underinsurance by leveraging Angel One's digital reach. Former Prudential Asia CEO Wilf Blackburn is proposed as chair, with Nikhil Verma, ex-deputy CEO of Aviva Vietnam, as CEO.

WhatsApp calling gets major update; call scheduling, reactions now available - The Economic Times

Economic Times

Economic Times · 2m ago

WhatsApp calling gets major update; call scheduling, reactions now available - The Economic Times

WhatsApp has launched new features enabling users to schedule group calls, enhancing the platform's interactivity for personal and professional use while maintaining end-to-end encryption. Users can invite participants, receive notifications, and manage calls via a dedicated tab. Additional features include reaction options like ‘raise hand’ during group calls. This update follows WhatsApp's ‘Message Summaries’ feature and anticipates new monetization tools such as paid channel subscriptions and promotional options within its Updates tab.

Active user base of major stockbrokers drops by a million this year amid regulatory tightening - The Economic Times

Economic Times

Economic Times · 4m ago

Active user base of major stockbrokers drops by a million this year amid regulatory tightening - The Economic Times

The active user base of major Indian stockbroking platforms, including Groww, Zerodha, and Angel One, fell by 1 million to 29.5 million between February and June 2023. This decline is attributed to regulatory tightening around trading instruments like futures and options, as well as market volatility, which dampened retail investor participation. Despite this, the platforms recorded year-on-year growth in user bases, and Groww has filed for an IPO, aiming to raise up to $1 billion.

Angel One profit halves as derivative curbs keep retail investors at bay - The Economic Times

Economic Times

Economic Times · 27d ago

Angel One profit halves as derivative curbs keep retail investors at bay - The Economic Times

Angel One's profit dropped by 50% to Rs 212 crore for the quarter ending September 30, due to reduced participation by retail investors following last year's curbs on equity derivatives by SEBI. These restrictions were intended to limit speculative trading among retail investors, which impacted brokers' revenue dependent on derivatives. In response, Angel One is diversifying into margin funding, wealth management, and other financial services to mitigate reliance on volatile derivatives income.

JSW One Platforms raises Rs 575 crore from SBI, JSW Steel, Principal Asset Management, others - The Economic Times

Economic Times

Economic Times · 1m ago

JSW One Platforms raises Rs 575 crore from SBI, JSW Steel, Principal Asset Management, others - The Economic Times

JSW One Platforms, a B2B e-commerce arm of JSW Group, secured Rs 575 crore in funding from investors, including SBI and JSW Steel. The funds will enhance its technology platform and expand distribution and logistics. The company aims to support MSMEs with credit access and financial products. Founded in 2021, it plans public listing in 18-24 months, leveraging its NBFC arm, which targets Rs 500 crore AUM by year-end.

Exclusive: Paytm Money set to get a new chief executive officer - The Economic Times

Economic Times

Economic Times · 3m ago

Exclusive: Paytm Money set to get a new chief executive officer - The Economic Times

Sandiip Bharadwaj, formerly with HDFC Securities, will become the CEO of Paytm Money, replacing Rakesh Singh, who will assume a different role within the group. Paytm Money, a subsidiary of One 97 Communications, competes with Groww and Zerodha in broking services and showed profitability with Rs 195.7 crore revenue and Rs 71 crore profit in FY24. It plans to expand its margin trade funding and other financial services.

Wyzard.ai raises $500K in angel round

Entrackr

Entrackr · 7d ago

Wyzard.ai raises $500K in angel round

Wyzard.ai raises $500K in angel round Wyzard.ai has raised $500,000 in an angel round from industry executives and technology leaders. The round saw participation from Tim Davis (OLX Group), Ambarish Kenghe (Angel One), Bhuvan Gupta (OfBusiness, Oxyzo), Rajul Jain (Increff), Manav Kamboj (PropertyGuru), Andrew Garrihy (ex-Samsung, Vodafone, Qualcomm, Huawei, DiDi), Puja Kapoor (Hero FinCorp), and other angel investors. This is the firm's first external funding after operating in a bootstrapped model. The funds will be used for product development, GTM partnerships, team expansion, and go-to-market growth in the US and EMEA. Founded in 2024 by Rahul Jain, Megha Ohri, Abhishek Tomar, and Jayesh Nair, Wyzard.ai provides a Signal-to-Revenue AI platform for B2B go-to-market teams. The platform consolidates buyer intent signals from GTM systems and automates AI-driven, human-supervised engagement across email, chat, LinkedIn, and voice. It is designed to help sales and marketing teams respond to buyer intent in real-time. Wyzard.ai targets B2B companies looking to reduce delays and manual follow-ups in lead conversion. The product aims to minimize lead leakage, increase conversions, and shorten the sales cycle through always-on GTM orchestration. The company plans to build partnerships with CRM, marketing automation, sales engagement, and data-intelligence platforms to strengthen integrations and expand global reach.

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