Ambarish Kenghe, VP of Google Pay, Becomes Group CEO of Angel One

Ambarish Kenghe, a former Google Pay executive, has been appointed as the new group chief executive officer (CEO) of listed online stock broking giant Angel One. Angel One stated in a filing with the exchanges that Kenghe will begin working for the company on March 6, 2025, at the latest. Kenghe, who attended Purdue University, joined Google Pay in 2018 as vice president and general manager for the Asia Pacific (APAC) region. He was involved in the creation of Chromecast and Google TV at Google and was instrumental in growing the digital payments platform. He formerly worked as a strategic consultant for San Francisco's Bain & Company and as the chief product officer at Myntra.

Exciting New Era for Angel One: Thakkar

Dinesh Thakkar, the managing director and chairman of Angel One, commented on the hiring, saying that Ambarish's appointment as managing director ushers in a thrilling new era for the company. With his extensive industry knowledge and demonstrated ability to drive innovation, he is the visionary leader the company needs to launch into its next phase of expansion. In 1996, Angel One—previously known as Angel Broking—was established. The business provides financial product distribution, investment advising, and broking services. Thanks to its digital play, it has experienced tremendous growth in recent years. As of the end of December 2024, its "total client base" had grown to 29.5 million, a 52% year-over-year (YoY) increase.

With four patents under his belt, Kenghe is a prolific innovator who epitomises technical know-how and inventiveness. His excellent academic background includes a bachelor's degree in computer engineering from AMU, a master's degree in computer science from Purdue University, a master's degree in computer science and engineering from IIT Kanpur, and an MBA from UC Berkeley.

"I am incredibly honoured to be a part of Angel One, a brand that has been at the forefront of transforming India's fintech landscape," Kenghe said as he stepped into his new role at Angel One. Angel One has established a solid basis via its emphasis on innovation and customer-centricity. In order to propel the next stage of growth and provide users with cutting-edge financial solutions, "I am excited to collaborate with the outstanding team."

Financial Developments at Angel One

Angel One's net profit increased 8.1% to INR 281.4 Cr in the third quarter (Q3) of the fiscal year 2024–25 (FY25) from INR 260.3 Cr in the same time last year. From INR 1,059 Cr in Q3 FY24 to INR 1,262.2 Cr, operating revenue increased 19%. The most recent appointment was made months after the company hired Arief Mohamad, a former Flipkart executive, to lead its direct business as its chief business officer in October 2024.

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StartupTalkyNitin Konde