Angel One's Profits Post-Narayan Gangadhar's Entry: A Success Story
Angel One Limited, formerly known as Angel Broking Limited, is a renowned Indian stockbroker firm. Founded in 1996, this company has established a strong presence in the Indian financial market. Notably, the integration of Narayan Gangadhar into Angel One has brought about significant changes, particularly in the company's financial performance. This article aims to explore the profitability of Angel One since Narayan Gangadhar's involvement.
Financial Performance post-Narayan Gangadhar's Entry
According to various articles, Angel One reported impressive financial growth in September 2021. The Net Sales for the fiscal year showed a remarkable increase, from Rs 306.57 crore in September 2020 to Rs 522.65 crore in September 2021, marking a staggering 70.48% rise. Similarly, the Quarterly Net Profit surged from Rs 79.21 crore in September 2020 to Rs 132.47 crore, representing a 67.25% hike. These figures clearly indicate that Narayan Gangadhar's entry has been a significant factor in driving this success.
About Angel One
Angel One Limited, a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity Derivatives Exchange Limited, and Multi Commodity Exchange of India Limited, plays a vital role in the Indian financial sector. The company also has the honor of being a depository participant with Central Depository Services Limited CDSL. With more than 8500 sub-brokers and franchisee outlets spread across more than 900 cities in India, Angel One has a formidable network that enhances its reach and service quality.
Conclusion
The success of Angel One in the post-Narayan Gangadhar era is evident not only in its financial statements but also in its market presence and service network. The significant increase in net sales and net profit reflects the positive impact of his leadership and strategic vision. Continuation of this growth trajectory is expected to further solidify Angel One's position in the Indian stockbroking industry.
Keywords
Angel One, Narayan Gangadhar, Stockbroker