Angel One appoints former Google Pay VP Ambarish Kenghe as Group CEO

Stockbroking firm Angel One has announced the appointment of Ambarish Kenghe as Group Chief Executive Officer. In a stock exchange filing, Angel One stated that Kenghe will assume his role as CEO in March 2025.

In his previous role as Vice President and General Manager at Google Pay APAC, Kenghe was instrumental in scaling Google Pay's footprint and advancing the UPI ecosystem in India. He also played a pivotal role in the launch of Chromecast and contributed significantly to the development of Google TV.

Before joining Google, he served as Chief Product Officer at Myntra, where he spearheaded AI/ML-powered innovations that redefined the fashion e-commerce landscape.

"With his proven track record of driving innovation and deep expertise in the industry, he is the visionary leader we need to propel us into our next chapter of growth,” said Dinesh Thakkar, Chairman and Managing Director of Angel One.

Angel One is the third-largest stockbroking platform in India, behind Groww and Zerodha. With 7.75 million active clients, the Mumbai-based company controls a 15.67% market share in the stockbroking space.

The firm’s revenue from operations jumped 19.2% to Rs 1,262.2 crore in the December quarter, compared to Rs 1,059 crore in the same period of the previous financial year. The company’s profits also surged 8.1% to Rs 281.4 crore during the same period.