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Mumbai: Fintech company Angel One Limited (formerly known as Angel Broking Limited) announced its business performance for May’23. With a steadfast commitment to innovation and client satisfaction, Angel One experienced a remarkable 44.5% YoY surge in its client base, which grew to 14.59 million with the acquisition of 0.46 million clients.   

The company's unwavering dedication to providing cutting-edge financial solutions and seamless user experience fueled this growth. In May 2023, Angel One’s average client funding book stood at Rs 10.57 Billion. It registered 90.60 million orders, a 28.3% YoY rise, translating into 4.12 million average daily orders, a 22.4% YoY growth. Angle One continued to witness traction in its Unique Mutual Fund SIP registrations, which stood at 122.07 thousand, a 682.2% YoY increase. The company’s average daily turnover reached Rs 22.04 trillion, a 146.4% YoY rise and the retail market share expanded by 402 bps YoY to 23.9%.  

Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., said, “Our tech-focused innovative solutions demonstrate success, as more individuals partner with Angel One for their financial well-being. Traction in unique monthly Mutual Fund SIP registrations, demonstrate green shoots of our successful Super App strategy. We are excited to onboard more clients from tier 2, tier 3 and beyond cities and empower them to make informed investment decisions to attain their financial goals."

Mr. Prabhakar Tiwari, Chief Growth Officer of Angel One Ltd., said, “The exceptional growth trajectory charted in May'23 showcases Angel One’s power of innovation and unwavering commitment to client satisfaction. With this remarkable surge in our client base, we have solidified our position as a leading fintech company. This outstanding performance is a testament to our relentless pursuit of excellence and our commitment to providing innovative wealth-creation solutions to our valued clients."