Angel One announced the appointment of Ambarish Kenghe as Group Chief Executive Officer, effective March 2025. Before this, he had a six-year stint at Google Pay.
“Widely recognized as ‘AK’ within the fintech community, Ambarish Kenghe is a distinguished technology and product leader with extensive experience in fintech, e-commerce, and consumer electronics. In his previous role as Vice President and General Manager at Google Pay APAC, AK 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 Google TV’s development,” the company said in a regulatory filing.
Before Google, he had served as Chief Product Officer at Myntra. Earlier in his career, he worked as a strategy consultant at Bain & Company in San Francisco and as an engineer specializing in high-speed switching at Cisco Systems in San Jose.
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Ambarish Kenghe said, “I am truly honored to be part of Angel One, a brand that has been at the forefront of transforming India’s fintech landscape. With its focus on innovation and customer-centricity, Angel One has built a strong foundation. I am eager to work with the talented team to drive the next phase of growth and empower users with advanced financial solutions.”
Q3 Earnings
On January 13, the company also declared its fiscal third quarter earnings with profit at Rs 281.47 crore, posting a growth of 8.13 per cent in comparison to Rs 260.31 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1262.21 crore, up 19.18 per cent as against Rs 1059.05 crore during the third quarter of previous financial year.
Dinesh Thakkar, Chairman & Managing Director, said, “India’s capital market remains on a growth trajectory, reflecting increasing trust among retail investors. The evolving regulatory landscape has fostered greater client confidence, ensuring long-term retention and participation. While a few regulations introduced this quarter caused a temporary industry-wide impact, we are confident that our aggressive client acquisition strategy, coupled with the normalisation of client activity, will drive renewed growth momentum in the coming quarters. We continued to invest in the SuperApp,
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