Speaking on the occasion, Mr. Dinesh Thakkar, Chairman & Managing Director, Angel Broking said, “We firmly believe that a fully committed and competent work force led by top quality talent with a global mindset, are prerequisites for success in the Financial Services sector. Angel has created a unique leadership position in the retail broking sector in India, and our unique Retail Focused Business Model & innovative HR practices have been endorsed by IFC Washington, which has recently taken a stake in our Group Holding company.

We are also happy that our Corporate Vision of providing world-class personalized services to our clients has appealed to the students of IIMs, with 16 of them accepting our offers to participate in our exciting growth story. Our current annualized growth rate of 100% is expected to continue over the next two years by extending our presence to nearly 100 tier I & II cities. ”

Shared Mr. Rajiv Phadke, Executive Director-HR & Corporate Communications, Angel Broking, “We have always considered our People as our biggest asset, and believe in nurturing in-house talent. We believe in empowering all our employees, and support them in achieving their career goals through an engaging Performance Management System & People Development Program, which aligns the core strengths & personal goals of our employees to our Corporate Vision and Business Plans.

Giving preference to existing employees while filling vacancies and systematically building a TALENT Pipeline are important elements of our HR Policy. We have a well laid out development plan for these IIM graduates to help them grow into senior management roles quickly, and personal MENTORING by the top management and Board Members is a part of this program. We are very confident about the success of these Sr. MTs at Angel, and plan to induct such high end talent regularly in the future.”

- End -

Set up by Mr. Dinesh Thakkar in 1987, Angel Broking is today amongst the leading Indian stock-broking and wealth management houses, with a focus on retail business and a commitment to provide “Real Value for Money” to its clients. The Angel Group is a member of the Bombay Stock Exchange, the National Stock Exchange, as also the country’s two leading Commodity Exchanges – the NCDEX and MCX. Angel is also registered as a Depository Participant with CDSL.

The great value proposition of Angel’s unique Retail Focused Business Model has also been recognized by International Finance Corporation (IFC) Washington, a World Bank affiliate, which has taken a 12.3 % stake in the Group holding company in December 2007.

Angel provides a wide range of personalized wealth-management & investment services to its retail clients – this includes Stock & Commodity Trading, Portfolio Advisory & Management Services, Investment Advisory Services,

distribution of Mutual Funds, Depository Services, Personal Loans & Insurance, as well as E-broking services – all supported by intensive research and a six sigma-backed Quality Assurance program.

Angel Group provides its value-added services to over 4.2 lakhs individual retail investors through its nationwide network of 104 branches, including 16 regional hubs, 4000+ sub-brokers/business associates and 3,470+ direct employees & 15, 000 indirect employees. Angel Broking has one of the largest trading terminal bases (9,168 terminals) in the country, and the largest sub-broker network on the NSE. It records daily business volumes of 3,500 crores in Equities, 350 crores in commodities & 550 crores through online-broking.

With over 1,500 outlets connected through a state-of-the-art IT network, Angel offers world-class services with a personal touch. Angel has top-quality, retail-focused research as well as expert dealing facilities in broking, e-broking, commodity broking, depository services, wealth management services, portfolio & investment advisory. State-of-the–art centralized helpdesks to answer investor queries and complaints are available 24x7, along with a Web-enabled, value-added back office, accompanied by a brilliant team of experts for Quality Assurance.

For Further Information please contact: Ms. Poonam R. Sukhija, Vice President-Corporate Communications
022-4000 3600 / 09820077588 / 09322077588

Additional information can be found at: www.angeltrade.com