In a strategic move aimed at solidifying its dominant position in the ever-evolving Fintech sector, Angel One Ltd. (formerly Angel Broking Ltd.) has initiated a comprehensive business restructuring endeavor. Under this reorganization, the company’s operations within the assisted channel will be streamlined under Angel Securities Limited, while those within the direct channel will be housed under Angel Crest Limited. To bolster its leadership team, Angel One has welcomed Nishant Jain as the Chief Business Officer, responsible for overseeing the assisted channels.
Nishant will spearhead efforts to establish synergistic partnerships with key stakeholders, concurrently enhancing business performance through the strategic expansion of the assisted channel. Nishant, an alumnus of IIM-B with an impressive two-decade career, boasts a remarkable track record in driving the growth of Indian startups such as BharatPe and Zomato. Additionally, he has held senior leadership positions at the multinational FMCG giant, Coca-Cola.
Angel One Ltd. Strengthens Leadership Team to Drive Fintech Excellence
Nishant’s appointment heralds a new era for the company, facilitating a heightened focus and fostering the growth of this vertical. Over time, the Angel One Group has evolved into a diversified fintech conglomerate, offering a wide range of services including equity, commodity, and currency derivative broking, margin trading facility, depository services, distribution of mutual funds, bonds, and insurance products, alongside research analyst and investment advisory services. Notably, Angel One Limited has recently received in-principle approval from SEBI to act as a sponsor and establish a mutual fund.
Mr. Dinesh Thakkar, Chairman and Managing Director of Angel One Ltd., emphasized, “The Fintech industry is marked by its dynamic and rapid evolution. To effectively pursue our goal of impacting a billion lives, we must stay ahead of the curve. Nishant brings extensive knowledge and expertise to his field, which will undoubtedly enhance our growth opportunities. Moreover, restructuring will position the group to be future-ready, facilitating better synergies, scalability, focused strategies, coordination, and cohesiveness that will result in operational efficiencies.”
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Mr. Nishant Jain, Chief Business Officer for Affiliate Channels at Angel One Ltd., remarked, “I am inspired by Angel One’s extraordinary growth trajectory. The company’s technological prowess not only extends its influence but also ensures sustained profitability, a true testament to its outstanding leadership. As we embark on this exciting phase, my mission is to stimulate further growth in the assisted channel by fostering innovative strategies and partnerships. The seamless transformation into a cutting-edge player in this new era underscores Angel One’s forward-thinking approach. I am fully committed to making a significant contribution to this pioneering organization.”
Nishant will forge collaborative partnerships with key stakeholders, including Authorised Persons, financial intermediaries, and other service providers. His primary focus will be on expanding Angel One’s market reach and optimizing business performance through the strategic development and cultivation of the assisted channels.
