ANI PR Wire
14 Sep 2023, 15:40 GMT+10
BusinessWire India
Mumbai (Maharashtra) [India], September 14: In pursuit of solidifying its role as a dominant force in the constantly evolving Fintech sector, Angel One Ltd. (formerly Angel Broking Ltd.) has undertaken a business restructuring initiative. As part of this reorganization, the company's business from assisted channel will be consolidated under Angel Securities Limited, while that from the direct channel will be housed under Angel Crest Limited. Angel One has enriched its leadership team with the onboarding of Nishant Jain as the Chief Business Officer overseeing the assisted channels.
Nishant will lead efforts to form synergistic partnerships with key stakeholders, concurrently elevating business performance through strategic expansion of the assisted channel. Nishant, an alumnus of IIM-B with a remarkable two-decade career, boasts an impressive track record of driving growth of Indian startups such as BharatPe and Zomato. Additionally, he has occupied senior leadership positions at the multinational FMCG giant, Coca-Cola.
Nishant's appointment will enable the company to establish increased focus and foster growth of this vertical. Over the course of time, Angel One Group has grown into a diversified fintech business, consisting of multiple offerings across equity, commodity and currency derivative broking, margin trading facility, depository services, distribution of mutual funds, bonds and insurance products, along with research analyst and investment advisory services. Angel One Limited recently received the in-principle approval from SEBI to act as a sponsor and set up a mutual fund.
Dinesh Thakkar, Chairman and Managing Director, Angel One Ltd., said, "The Fintech industry is characterized by its dynamic and rapid evolution. To successfully 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 allow the group to be future ready. There will be better synergies, leading to significant scalability, focused strategies, better coordination and cohesiveness resulting in operational efficiencies."
Nishant Jain, Chief Business Officer for Affiliate Channels, Angel One Ltd., said, "I am inspired by Angel One's extraordinary growth trajectory. The company's technological prowess is not only extending its influence, but also ensuring sustained profitability, a true testament to its outstanding leadership. As we venture into this exciting phase, my mission is to further stimulate growth in the assisted channel, as we foster innovative strategies and partnerships. The seamless transformation into a cutting-edge player in this new era underscores Angel One's forward-thinking approach. As I prepare to embark on this journey, I am committed towards making significant contribution to this pioneering organization."
Nishant will forge collaborative partnerships with key stakeholders including Authorised Persons, financial intermediaries and other service providers. He will focus on expanding Angel One's market reach and optimizing business performance by strategically developing and cultivating the assisted channels.
(Disclaimer: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationTALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...
LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...
KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...
SACRAMENTO, California: Intending to raise some US$160 million per year to help prevent gun violence, California Governor Gavin Newsom signed ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
(Photo credit: Sam Greene-USA TODAY Sports) Los Angeles Rams wide receiver Puka Nacua made his 31st catch of the season ...
(Photo credit: Sam Navarro-USA TODAY Sports) The Boston Celtics are acquiring All-Star guard Jrue Holiday from the Portland Trail Blazers ...
(Photo credit: Dan Hamilton-USA TODAY Sports) The visiting Tampa Bay Rays and the Toronto Blue Jays play their final regular-season ...
(Photo credit: Denny Medley-USA TODAY Sports) Cleveland Browns rookie quarterback Dorian Thompson-Robinson will make his first career start on Sunday ...
(Photo credit: Wm. Glasheen/USA TODAY NETWORK-Wisconsin / USA TODAY NETWORK) New Orleans Saints quarterback Derek Carr will be active for ...
(Photo credit: Corey Perrine/Florida Times-Union / USA TODAY NETWORK) The Jacksonville Jaguars rolled to a 23-7 victory over the Atlanta ...