Angel One , a leading FinTech player in India, has reported significant year-over-year growth in February 2025, while also announcing a major leadership change. The company's latest business update and corporate announcements reveal a strong performance in key metrics and a strategic move to bolster its executive team.

Strong Financial Performance

Angel One's February 2025 performance highlights include:

Market Share and Trading Activity

The company maintained a strong position in various market segments:

New Leadership at the Helm

In a significant move, Angel One announced the appointment of Ambarish Kenghe as its new Group Chief Executive Officer, effective March 5, 2025. Kenghe, widely known as "AK" in the fintech community, brings a wealth of experience from his previous roles at Google Pay APAC and Myntra.

Dinesh Thakkar, Chairman and Managing Director of Angel One Limited, expressed enthusiasm about the appointment, stating:

"Ambarish's appointment as Group CEO marks an exciting new era for Angel One. 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."

Employee Stock Options

The company also announced the grant of 615,212 Restrictive Stock Units (RSUs) to an eligible employee under the Angel Broking Employee Long Term Incentive Plan 2021. These RSUs will vest over a period of four years, aligning employee interests with the company's long-term growth objectives.

Looking Ahead

As Angel One continues to navigate the dynamic FinTech landscape, the combination of strong financial performance and new leadership positions the company for potential further growth. The focus on innovation and customer-centricity, as emphasized by both the outgoing and incoming leadership, suggests that Angel One is well-positioned to continue its trajectory in transforming India's financial services sector.

Investors and industry observers will be keenly watching how Ambarish Kenghe's leadership and expertise in product innovation and digital transformation will shape Angel One's future strategies and market position in the competitive FinTech space.

Angel One Limited (NSE: ANGELONE, BSE: 543235), a leading FinTech player in India, has announced a significant leadership change with the appointment of Ambarish Kenghe as its new Group Chief Executive Officer. This strategic move, effective March 5, 2025, marks a new chapter in the company's journey towards innovation and growth in the evolving financial services landscape.

A Tech Visionary at the Helm

Ambarish Kenghe, widely known as "AK" in the fintech community, brings a wealth of experience from his illustrious career spanning fintech, e-commerce, and consumer electronics. His appointment comes at a crucial time as Angel One seeks to accelerate its growth trajectory and enhance its technological capabilities.

Impressive Track Record

Prior to joining Angel One, Kenghe served as Vice President and General Manager at Google Pay APAC, where he played a pivotal role in expanding Google Pay's presence and advancing the UPI ecosystem in India. His contributions extend beyond fintech, including significant roles in the launch of Chromecast and the development of Google TV.

Kenghe's career highlights include:

• Chief Product Officer at Myntra, where he led AI/ML-powered innovations in fashion e-commerce
• Strategy consultant at Bain & Company in San Francisco
• Engineer specializing in high-speed switching technologies at Cisco Systems in San Jose

Academic Excellence and Innovation

Kenghe's academic background is as impressive as his professional achievements:

Adding to his credentials, Kenghe is a recognized innovator with four patents to his name, underscoring his commitment to technological advancement.

Leadership Vision

In his new role as Group CEO, Kenghe is expected to focus on:

1. Accelerating Angel One's growth trajectory
2. Driving product and technology innovation
3. Enhancing customer experiences in the FinTech ecosystem

Dinesh Thakkar, Chairman and Managing Director of Angel One Limited, expressed his enthusiasm about the appointment: "Ambarish's appointment as Group CEO marks an exciting new era for Angel One. 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."

A New Chapter for Angel One

Ambarish Kenghe, stepping into his role as Group Chief Executive Officer, shared his excitement: "I am truly honoured to be part of Angel One, a brand that has been at the forefront of transforming India's FinTech landscape. With its focus on innovation and customer-centricity, Angel One has built a strong foundation. I am eager to work with the talented team to drive the next phase of growth and empower users with advanced financial solutions."

As the largest listed retail stock broking house in India in terms of active clients on NSE, Angel One is poised for significant developments under Kenghe's leadership. The company's focus on leveraging artificial intelligence, machine learning, and data science aligns well with Kenghe's expertise, promising an exciting future for Angel One in the competitive FinTech sector.

This appointment reflects Angel One's commitment to staying at the forefront of the FinTech revolution, potentially reshaping how financial services are delivered to millions of customers across India.