Angel One Limited, a prominent financial services company, has announced the appointment of Sridhar Govardhan as its new Group Chief Information Security Officer (CISO), effective October 1, 2025. This strategic move strengthens the company's senior management team and underscores its commitment to robust cybersecurity measures.

Experienced Cybersecurity Leader Joins Angel One

Sridhar Govardhan brings over 24 years of extensive experience in the cybersecurity domain to his new role at Angel One. His impressive career includes leadership positions at several high-profile companies:

• Global CISO at Wipro
• Security leadership roles at Flipkart
• Most recent position at CoinDCX

Throughout his career, Govardhan has demonstrated expertise in various aspects of information security, including:

• Cybersecurity strategy development
• Risk management
• Compliance and governance
• Frameworks for emerging technologies (Web3 and crypto)

Strengthening Angel One's Security Posture

The appointment of Govardhan as Group CISO is a significant step for Angel One, highlighting the company's focus on enhancing its cybersecurity capabilities. As financial services increasingly rely on digital platforms, robust security measures are crucial for protecting sensitive customer data and maintaining trust in the financial ecosystem.

Official Confirmation and Terms of Appointment

Angel One Limited officially confirmed Govardhan's appointment through a disclosure to the stock exchanges, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that Govardhan has joined as a full-time employee and will be part of the Senior Management Personnel.

Looking Ahead

As Angel One continues to expand its digital footprint in the financial services sector, the addition of Sridhar Govardhan to its leadership team is expected to play a crucial role in fortifying the company's cybersecurity infrastructure and strategies. His extensive experience and expertise in handling security for diverse technology platforms will be invaluable as the company navigates the evolving landscape of digital finance and associated security challenges.

Angel One , a leading financial services company, has reported mixed business results for August, showcasing both growth and challenges in different areas of its operations.

Client Funding Book and Customer Base Growth

Angel One's average client funding book reached ₹52.91 billion in August, marking a substantial 37.4% increase compared to the same period last year. This growth demonstrates the company's ability to attract and retain client investments, reflecting increased trust and engagement from its customer base.

The company's overall client base expanded to 3.35 crore, representing a 1.5% month-on-month growth. This increase in the number of clients indicates Angel One's continued market presence in the competitive financial services sector.

Decline in Gross Client Acquisition

However, Angel One faced a setback in gross client acquisition, which fell 15% to 5.5 lakh from 6.4 lakh in July. This marks the first decline after four consecutive months of growth, signaling potential challenges in new customer onboarding.

Trading Activity and Market Share

Despite the decline in client acquisition, Angel One saw improvements in trading activity:

• Average daily orders increased 8.1% to 57.8 lakh.
• Average daily turnover rose 10.5% to ₹45.84 lakh crore.
• Average daily premium turnover surged 30.5% to ₹1.46 lakh crore.

The company also recorded market share gains across segments:

Stock Performance

Angel One's shares initially gained 2.9% following the announcement but later reversed to trade 0.2% lower at ₹2,267.70. The stock is down 25% year-to-date, reflecting broader market sentiments and the company's mixed performance.

Conclusion

Angel One's August performance presents a mixed picture, with strong growth in its client funding book and market share across various segments, contrasted by a decline in gross client acquisition. The company's ability to increase average daily orders and turnover despite the challenges in new client onboarding demonstrates its resilience in the competitive financial services landscape.