Highlights
Appointment of Ambarish Kenghe as Group CEO at Angel One
Angel One, a prominent stockbroking firm, has announced the appointment of Ambarish Kenghe as the new Group Chief Executive Officer. According to a filing with the stock exchange, Kenghe is set to begin his role in March 2025.
Previous Experience and Contributions
Prior to this appointment, Kenghe served as the Vice President and General Manager at Google Pay APAC. He was key in:
- Expanding Google Pay’s presence across the region.
- Enhancing the UPI ecosystem in India.
- Launching Chromecast and playing a significant role in the development of Google TV.
Earlier in his career, Kenghe was the Chief Product Officer at Myntra, where he led innovations powered by AI and ML that transformed the fashion e-commerce landscape.
Vision for the Future
Dinesh Thakkar, Chairman and Managing Director of Angel One, expressed confidence in Kenghe’s capabilities, stating, “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’s Market Position
Angel One is currently the third-largest stockbroking platform in India, trailing behind Groww and Zerodha. The company boasts 7.75 million active clients and holds a 15.67% market share in the stockbroking sector.
In the December quarter, Angel One reported a revenue increase of 19.2%, reaching Rs 1,262.2 crore, up from Rs 1,059 crore in the same quarter of the previous financial year. Additionally, the company’s profits rose by 8.1%, amounting to Rs 281.4 crore during the same period.