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Angel One, a major player in India’s stockbroking and financial services sector, has announced the appointment of Ambarish Kenghe as Group Chief Executive Officer.
In a recent filing with the stock exchange, the Mumbai-based company said Kenghe will step into his new role in March 2025.
Known widely in the fintech world as “AK,” Kenghe brings extensive experience in technology, product development and innovation, thanks to his leadership roles in fintech, e-commerce and consumer electronics.
Background and achievements
Before joining Angel One, Kenghe was vice president and general manager at Google Pay across Asia Pacific, where he guided the platform’s expansion and helped strengthen India’s UPI ecosystem. He also worked on the global launch of Chromecast and played a significant part in shaping Google TV.
Kenghe’s time at Myntra as chief product officer further demonstrated his knack for deploying AI- and machine learning-driven solutions in the fast-paced fashion e-commerce arena.
He began his career as a strategy consultant at Bain & Co. in San Francisco and as an engineer at Cisco Systems in San Jose, focusing on high-speed switching technology.
A prolific innovator, Kenghe holds four patents. He earned an MBA from the University of California, Berkeley; a master’s degree in computer science from Purdue University; another master’s in computer science and engineering from the Indian Institute of Technology Kanpur; and a bachelor’s degree in computer engineering from Aligarh Muslim University.
Vision for growth
Kenghe said he is excited to join Angel One at a time when India’s financial technology landscape is evolving rapidly. “I am truly honoured to be part of Angel One, a brand that has been at the forefront of transforming India’s fintech landscape,” he said.
“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.”
Dinesh Thakkar, Angel One’s chairman and managing director, called Kenghe’s appointment the start of an “exciting new era.”
He said the firm will benefit from Kenghe’s proven record of driving innovation and his deep industry expertise, which he believes will help Angel One stay ahead in a fast-changing financial landscape.
Angel One's market presence
Angel One ranks as India’s third-largest stockbroking platform, following Groww and Zerodha. With 7.75 million active clients, the company controls a 15.67% share of the stockbroking market.
It reported revenue from operations of Rs 1,262.2 crore for the December quarter, up 19.2% from the same period a year earlier. During that quarter, the firm’s profits rose 8.1% to Rs 281.4 crore.
Angel One, listed on both the National Stock Exchange (NSE: ANGELONE) and the BSE (543235), offers a wide range of technology-driven financial services, including brokerage, advisory, margin funding and third-party product distribution.
The company uses artificial intelligence, machine learning and data science to enhance its digital platforms, which include the Angel One Mobile App, the rule-based recommendation engine ARQ Prime, the free-to-integrate SmartAPI platform, and the investor education initiative Smart Money.