SUMMARY
- Ambarish Kenghe appointed CEO of Angel One from March 2025.
- Angel One holds 15.67% market share with 7.75M clients.
- Revenue rose 19.2%, profit increased 8.1% in December quarter.
Ambarish Kenghe has been appointed as the Group Chief Executive Officer of Angel One, a stockbroking firm. Angel One announced that Kenghe will take over as CEO in March 2025 in a stock exchange filing.
As the former Vice President and General Manager of Google Pay APAC, Kenghe played a key role in expanding Google Pay’s reach and developing the UPI ecosystem in India. Additionally, he made a substantial contribution to the development of Google TV and was instrumental in the debut of Chromecast.
Additionally, he made a substantial contribution to the development of Google TV and was instrumental in the debut of Chromecast. He led AI/ML-powered technologies that revolutionized the apparel e-commerce industry at Myntra as Chief Product Officer prior to joining Google.
Chairman and Managing Director of Angel One Mr. Dinesh Thakkar stated, “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.”
Angel One is the third-biggest stockbroking platform in India, after Groww and Zerodha. In the stockbroking industry, the Mumbai-based firm holds a 15.67% market share with 7.75 million active clients.
In the December quarter, the company’s operating revenue increased 19.2% to ₹1,262.2 crore from ₹1,059 crore during the same time of the previous fiscal year. During that time, the company’s profits also increased by 8.1% to ₹281.4 crore.
