Stock trading platform Dhan appoints ex-Angel One executive Ketan Shah as CEO of Omni Channel Business

Stock trading platform Dhan has appointed Ketan Shah as Chief Executive Officer (CEO) of its Omni-Channel Business, bringing on board a veteran of India’s broking industry to scale its distribution of investing and trading products.

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Shah joins after more than 25 years at Angel One (formerly Angel Broking), where he was a key contributor to the company’s early growth, digital transformation, public listing, and its emergence as one of India’s top three brokerage platforms. Most recently, he was a whole-time director and chief sales & revenue officer (assisted business) at Angel One. His career spans business, technology, distribution, revenue, and strategy.

Headquartered in Mumbai, Raise Financial Services owns and operates Dhan along with other platforms such as Upsurge, a learning platform for finance and markets; ScanX, which offers market insights for public investors; and FilterCoffee, a financial media venture. Dhan was founded in January 2021 by Pravin Jadhav, Alok Pandey, Jay Prakash Gupta, and Raunak Rathi.

The company last raised $22 million in January 2022, backed by investors including BEENEXT, Mirae Asset, 3one4 Capital, and Rocketship.VC. Reports suggest Dhan has been in talks for a larger funding round.

Despite being a relatively young entrant, Dhan has carved a place among India’s top brokers. In September 2024, it overtook Paytm Money to enter the top 10, competing with established players such as Groww, Zerodha, Angel One, Upstox, Paytm Money, and PhonePe’s Share.

According to the latest NSE data, Dhan ranked ninth in August 2025 with a 2.15% market share and one million clients.