Commodity Online
MUMBAI: Angel Commodities, one of India’s premier Commodities broking firm and a part of the Angel Group of Companies, has achieved a major milestone by crossing the Rs. 1000 crores turnover mark. This achievement holds even greater significance in the current downturn in the global financial markets, a press release said.

With a strong presence in all the major cities in the country, the market share of Angel Commodities has more than doubled over the past year. This spectacular growth has come from all regions across the country, with the company strengthening its presence in Maharashtra, Rajasthan, Gujarat and the North.

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International Finance Corporation (IFC), a World Bank group subsidiary, has a 12.35% stake in Angel Infin, the holding company of the Angel Group. Angel Group is a leading integrated financial services provider, having a presence in more than 250 cities through a network of own branches and intermediaries. This is the first time ever that IFC invested in the equity broking & wealth management space, with the firm conviction that Angel’s vision & business focus gels well with their philosophy of spreading investor education.

Dinesh Thakkar, Chairman & Managing Director, Angel Group of Companies, said, “This segment has come a long way. We are observing a gradual increase in retail participation and hence, it is evolving as an effective asset class for investment purposes.
Clients have appreciated our quality of research in all major commodities. We consider this segment a strategic fit to our future expansion plans in the overall retail wealth management space”

Shared Mr. Naveen Mathur, Head, Angel Commodities, “We believe in providing customer-focused and research-backed investment & trading services which help our clients to take informed and timely decisions. Our focus on International Commodities has also enabled us to carve a greater market-share, with Gold, Silver, Crude & Base metals being the major commodities. Agri commodities have also maintained a fairly consistent market share.

Our commitment to investor education has led us to organize various seminars and workshops across the country. These focus on creating awareness and enhancing the understanding of the Commodities market amongst the various market participants such as corporates, HNIs and individual investors.”

Dinesh Thakkar established Angel Broking in 1987, and today it is one of the leading Indian stock broking and wealth-management houses, with a focus on retail business and a commitment to provide “real value for money” toits clients. The Angel Group is a member of the Bombay Stock Exchange, the National Stock Exchange, and the country’s two leading commodity exchanges, the NCDEX and MCX. Angel is also registered as a Depository Participant with CDSL.

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