How it started
History
Angel Broking was incorporated on 8 August 1996 as a private limited company. Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in September 1997. In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity. The company opened its commodity broking division in April 2004.
The International Finance Corporation bought an 18% stake in Angel Broking for ₹152 crore (equivalent to ₹501 crore or US$52 million in 2026) in December 2007.
In January 2013, a probe found the company and two other entities involved in fraudulent and unfair trade practices in transactions of shares of Sun Infoways during February-May 2001. As a result, SEBI restrained the company from taking new clients for a period of two weeks. Angel filed an appeal against the SEBI order which was dismissed by the Securities appellate tribunal.
Angel Broking began offered shares through an initial public offering in September 2020, and was listed on the Bombay Stock Exchange and the National Stock Exchange on 5 October 2020.
The company rebranded as Angel One in 2021.
From Wikipedia’s article on Angel Broking, shared under CC BY-SA 4.0.2