Welcome to AngelOne Annual Report 2021

Accessible. Seamless. Smart.

Investing simplified for everyone

Investing was once considered the sole realm of the wealthy. However, the advancement in technology and rapidly growing internet and smartphone penetration have changed the game, making space for digital platforms and democratising investing in the process.

With about 750 million smartphone users and growing, India is bridging the urban-rural divide at an unimaginable pace, empowering millions to capitalise on its growth story. At Angel One, we were quick to spot this trend, and embarked on a transformational journey to disrupt ourselves and the industry with a digital-first approach.

We are thus demystifying investing for everyone, making it accessible, simple and smart. The appeal of our new-age tools and platforms cuts across the greenhorns (read millennials and Gen Z) and the seasoned, the tech savvy and the financially savvy – creating exponential business growth opportunities. We are democratising investing beyond the defined urban centres, enabling millions to make informed choices in their wealth creation journey.

TRANSFORMATION

Single product
Stock broking as a predominant line of business
Formal
For seasoned investors and traders
Brick and mortar
Branch-led, Passive growth model
Traditional
Assisted model

One Solution
Aimed at wealth creation across client lifespan
Youth-focused
Gen Z, Millennials and Youth
Digital first
Extensive technology use, scalable model
Ease of doing
Do it Yourself + Fintech Player

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Accelerating profitable growth

`0 mn

Gross revenue
+77.5%

0.0 %

Return on Networth
+0 bps

`0 mn

EBDAT
+0.1%

`0mn

Profit After Tax
+0.0%

0.0 %

EBDAT margin
+0 bps

`0.1

Total dividend
per share

Includes four interim and proposed final dividend
Net Income = Gross Revenue - Fees & Commission Exp - Finance Cost
EBDAT = Net Income - Employee Exp - Other Exps
EBDAT Margin = EBDAT / Net Income
Return On Networth = Profit After Tax From Continuing Operations / Average Networth

Blogs

0.0 mn

Total client base
+0.7%

0.0 mn

Average daily orders
+0.1%

0.0 mn

Gross client acquisition
+0.0%

0.0 mn

Lifetime mobile app downloads
+0.0%

0.0 mn

NSE active client base
+0.0%

>0 %

Pin-codes across India with Angel's clients

`0.0 trn

Average daily turnover
+0.0%

`0.0 bn

Average client funding book
+0.0%

* lifetime downloads for Angel One Mobile App and Angel Bee App

Case Studies

0

Employee addition
+0.0%

0

Number of employees working remotely, 96.7% of total headcount

0

Digital focused talent pool +23.0%

`0 mn

Employee spends
+0.0%

Patents

`0.0 mn

Community development spends +55.6%

0 +

Beneficiaries of community-related interventions

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Technology edge

A play on the tech-tonic shift in broking

DIGITISATION AND INDUSTRY TRANSFORMATION

Technology evolution and increasing smartphone penetration are driving more Indian retail investors onto digital platforms
Enabling the delivery of personalised solutions at scale, thereby faciliating informed decision-making and augmenting experiences
The DIY (Do-It-Yourself) route for transactions is gaining strong traction
Shift in focus, from offering a single product to a wide bouquet of services

At Angel One, we are disrupting the broking space, while driving retail participation in Indian capital markets, by offering a robust suite of platforms and tools across all digital channels including web, tablet and mobile apps

The Angel One Super App

Making investment more accessible seamless and smart

The Super App has been architected and productised based on five fundamental pillars -

The Angel One Super App has been envisioned, researched, designed, and is being developed with the universal belief of simplifying investments in various asset classes for all kinds of investors. The first version will be arriving as part of our Q1FY23 release followed by a series of updates, running throughout this year.

‘Main Street’ meets
Dalal Street

The expansion of India’s investor population has been driven by digital players like your Company, which will continue to be a leading player in mobilising a substantial portion of the `109 trillion of household savings, as on March 2021, parked in low-yielding bank deposits, along with the incremental capital expected to flow into equities.

Dinesh Thakkar

Chairman & Managing Director

Read the full statement

Message from the CEO Meet the board

Performance Trends

Financial Performance

TOTAL INCOME

(` in mn)

31.1%

77.5%

EARNINGS BEFORE DEPRECIATION, AMORTISATION AND TAX

(` in mn)

47.8%

99.1%

COST TO NET INCOME

(%)

1,327 bps

389 bps

PROFIT AFTER TAX FROM CONTINUING OPERATIONS

(` in mn)

54.5%

109.7%

EARNINGS PER SHARE

(`)

49.2%

95.5%

DIVIDEND PAYOUT

(%)

NET WORTH

(` in mn)

35.2%

40.1%

RETURN ON NETWORTH

(%)

2,054 bps

1,143 bps

(5-year CAGR)

(y-o-y growth)

(improvement over 5-years)

(y-o-y improvement)

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Blogs

OVERALL RETAIL ADTO

(` in billion)

RETAIL F&O ADTO

(` in billion)

RETAIL CASH ADTO

(` in billion)

RETAIL COMMODITY ADTO

(` in billion)

OVERALL RETAIL EQUITY TURNOVER MARKET SHARE

(%)

RETAIL F&O TURNOVER
MARKET SHARE

(%)

RETAIL COMMODITY TURNOVER MARKET SHARE

(%)

TOTAL ORDERS

(mn)

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Business Segment

Broking and
Depository
Operations

`0 mn

Revenues in FY22

0.0 %

Share of total revenues FY22

Broking and Depository Operations = Fees & commission income – Distribution Income

Client
Funding

`0 mn

Revenues in FY22

0.0 %

Share of total revenues FY22

Includes interest income earned on margin trading fund, delayed payment charges and lending activities

Distribution of
third-party financial
products

`0 mn

Revenues in FY22

0.0 %

Share of total revenues FY22

Technology and Product highlights

Upping our technology and product quotient

At Angel One, our fundamental strength lies in continuously building our technology core. This helps in improving reliability of our platform, offering customised solutions, and improving ease of use, culminating into superior client experience.

During the year, we undertook the
some important initiatives:

RUGGEDIZATION

MONITORING / ALERTING

NEW DATACENTERS

Product Development

Wealth Management Solution
SmartAPI
NXT
KYC Core and Fulfilment
Angel Broking Mobile Application
Product Improvements

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Opportunity Landscape

Rise of the Indian retail investor

The changing times are rewriting many a traditions, with the rapid advancement in technology driving the economic mainstreaming. Today, armed with smartphones and high-speed mobile internet, young Indians are increasingly looking at asset classes beyond the traditional safe havens of real estate, gold or fixed deposits for their investing aspirations.

The pandemic, which confined Indians to their homes, came as a moment of truth to learn and re-evaluate new means of creating wealth.

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Investment case

The edge of fintech, in a digital-first world

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Strategy

The right swipe to unlimited possibilities

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Social

Social – People

Social - People

Nurturing our most valuable asset

At Angel One, people always come before profit. We focus on providing an enabling environment that fosters equality and diversity. Over the years, we have transformed from a hierarchy-driven organisation to one that has an open work culture. We have adopted the Pod model, which empowers small groups of individuals with complementary skillsets to take on larger projects. Our robust employee engagement initiatives help develop a highly motivated and productive talent pool.

0

New employees
hired in FY22

0

Man-hours of learning on LXP for each employee mandated by the Company every quarter for self-development

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Social – Clients

Engaging with our clients

At Angel One, we have adopted KPI driven marketing to scale reach, engagement, and conversion of potential clients in new markets at a lower cost and risk and much higher ROI. We are leveraging the power of data science, artificial intelligence (AI) and machine learning (ML) to effectively reach our audiences with focused communication.

0%

Brand awareness for Angel One within four months of launch

0.0 mn

Monthly average of clients added in FY22

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Social – Communities

Building an equitable and inclusive world

Supporting the underprivileged community during the COVID-19 pandemic in 2021-22 was one of the primary goals of the corporate social responsibility vision at Angel One. Our aim was to make vaccination accessible for everyone in the community. We reached out to various rural and semi-rural geographies where people were unable to access the vaccines against COVID-19.

0+

Beneficiaries of our inoculation drive

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Governance

Distinct differentiator

At Angel One, we are continuously pushing boundaries with our governance standards. We are always ahead of our peers in our disclosures and strive to achieve highest degree of transparency with our entire stakeholder universe.

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Awards and Recognitions

Recognised across Platforms

Angel One has been awarded the Best Fintech of the Year

IDMA 2021

Bronze for SmartAPI in the Trading and Exchange category for the 'Launch of a disruptive product'

ET Brand Disruption Awards'22, IAMAI

Gold, for the best use of Digital Media in Share Trading Category

Drivers of Digital Awards, Inkspell

Gold in Best use of organic search for Best SEO for Website/ universal search ranking and SEM Strategy

IDMA 2021

Awarded for Best content in a Financial Services for Blog/ Website

Indian Content Leadership, Inkspell Media

Silver for Corporate Branding

PR Awards India 2021

Top performer in the Equity Retail Segment 2020-21 by BSE

Top performer in the National Distributors Category- 2020-21 by BSE

Gold in the Fintech category at Agency Reporter Stakes PR awards

Best Financial Services API at Inflection Awards 2021

Alden, Innovation Partner NASSCOM

Best Financial Content in Financial Services/ Banking Enterprise for Angel Academy

The Unlocked Awards 2021, Inkspell

Echo Award by DMA Asia- Silver Medal for Angel Academy

DMA, Asia

Angel Academy have won Gold

India Digital Awards, IAMAI

Among the top 10 members in Index Derivatives Trading by NSE

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Download Centre

Annual Report 2021-22

Download the
Full Report
here

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Management
Discussion and
Analysis

Leadership
Team

Statutory
Reports

Financial
Statements

Accessible.Seamless.Smart.

2021-22

Accessible. Seamless. Smart.

TRANSFORMATION

Stock broking as a predominant line of business

For seasoned investors and traders

Branch-led, Passive growth model

Assisted model

Aimed at wealth creation across client lifespan

Gen Z, Millennials and Youth

Extensive technology use, scalable model

Do it Yourself + Fintech Player

`0 mn

0.0 %

`0 mn

`0mn

0.0 %

`0.1

0.0 mn

0.0 mn

0.0 mn

0.0 mn

0.0 mn

>0 %

`0.0 trn

`0.0 bn

0

0

0

`0 mn

`0.0 mn

0 +

A play on the tech-tonic shift in broking

DIGITISATION AND INDUSTRY TRANSFORMATION

Making investment more accessible seamless and smart

‘Main Street’ meetsDalal Street

Dinesh Thakkar

The numbers that make us proud

TOTAL INCOME

EARNINGS BEFORE DEPRECIATION, AMORTISATION AND TAX

COST TO NET INCOME

PROFIT AFTER TAX FROM CONTINUING OPERATIONS

EARNINGS PER SHARE

DIVIDEND PAYOUT

NET WORTH

RETURN ON NETWORTH

OVERALL RETAIL ADTO

RETAIL F&O ADTO

RETAIL CASH ADTO

RETAIL COMMODITY ADTO

OVERALL RETAIL EQUITY TURNOVER MARKET SHARE

RETAIL F&O TURNOVER MARKET SHARE

RETAIL COMMODITY TURNOVER MARKET SHARE

TOTAL ORDERS

Broking and Depository Operations

Client Funding

Distribution of third-party financial products

Technology and Product highlights

RUGGEDIZATION

MONITORING / ALERTING

NEW DATACENTERS

NEW DATACENTERS

NEW DATACENTERS

NEW DATACENTERS

Product Development

Rise of the Indian retail investor

The edge of fintech, in a digital-first world

The right swipe to unlimited possibilities

0

0

0%

0.0 mn

0+

Distinct differentiator

Recognised across Platforms

IDMA 2021

ET Brand Disruption Awards'22, IAMAI

Drivers of Digital Awards, Inkspell

IDMA 2021

Indian Content Leadership, Inkspell Media

Accessible.
Seamless.
Smart.

‘Main Street’ meets
Dalal Street

RETAIL F&O TURNOVER
MARKET SHARE

Broking and
Depository
Operations

Client
Funding

Distribution of
third-party financial
products

Download the
Full Report
here