The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the companys platform, have entailed a sustained requirement of enhanced working capital, to diligently manage such growth in volumes, Angel One said.
Having started as a conventional broker, Angel One transformed itself into one of the leading fin-tech investment platform providers and competes with some of the leading discount broking firms in India. In terms of active clients, Angel One is the third in India after Groww and Zerodha Broking, according to reports.
Angel One Q3 Results: Sequentially, the bottomline declined by 14.5%, due to higher growth in cash segment orders and a rise in operating expenses on the back of higher client acquisition.