IGI Logo

Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman & Managing Director said, ”FY23 has a been a strong year for Angel One. The Company has delivered on all operating parameters.

The fundamental principle at Angel One has always been to stay focused on unit economics and run a profitable business, keeping clients at the centre while enhancing their experience and “wow” quotient with the Angel One app.

The business model is geared towards on-boarding young cohorts, who have limited access to capital markets. These young digital natives have a long runway in their careers with sustainable revenue potential. Angel One through its Super-App strategy is well positioned to partner and offer multiple products. The business model is robust to deliver profitable unit economics across all cohorts.

The robustness of our FinTech model demonstrates a very healthy LTV:CoA of 7.8x based on the first 3 years of aggregate client revenues. As clients increase their engagement on the platform, the LTV:CoA will have a long runway of growth.

The Board has declared aggregate dividend of Rs. 3.3 bn in FY23, translating to payout of 37% of Profit After Tax.

Investments in augmenting technology and talent pool will continue at Angel One, thus enabling the business to reach its aspiration of being the most trusted fintech brand, empowering a billion lives, leveraging the power of data and technology.”

Above views are of the author and not of the website kindly read disclaimer