Angel One, India’s third-largest stockbroking platform, has announced the appointment of Ambarish Kenghe as its Group Chief Executive Officer. The company confirmed the development through a stock exchange filing, stating that Kenghe will officially take on his role in March 2025.
A Proven Leader in Innovation and Growth
Before joining Angel One, Kenghe held the position of Vice President and General Manager at Google Pay APAC. He was instrumental in expanding Google Pay’s reach and fostering the growth of India’s Unified Payments Interface (UPI) ecosystem. Notably, he played a key role in launching Chromecast and was a major contributor to the development of Google TV, showcasing his prowess in tech-driven innovations.
Kenghe’s experience extends to the fashion e-commerce industry, where he served as Chief Product Officer at Myntra. At Myntra, he drove artificial intelligence and machine learning-powered innovations that transformed the online shopping experience.
Dinesh Thakkar, Chairman and Managing Director of Angel One, expressed confidence in Kenghe’s leadership, 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 Position in the Market
Angel One is a dominant player in the stockbroking industry, boasting a 15.67% market share with 7.75 million active clients. The company trails only Groww and Zerodha in the Indian market.
Financially, the firm continues to demonstrate robust growth. In the December quarter, Angel One’s revenue from operations surged by 19.2% to ₹1,262.2 crore, compared to ₹1,059 crore during the same period in the previous financial year. Profits also rose by 8.1%, reaching ₹281.4 crore.
Strategic Vision for Growth
As Angel One seeks to strengthen its foothold in the stockbroking space, Kenghe’s expertise in technology and innovation is expected to drive the company’s next phase of growth. His appointment reflects Angel One’s commitment to staying at the forefront of technological advancements and delivering exceptional value to its clients.
