Angel Broking, one of India's premier stock broking and wealth-management houses, has launched the Angel M-Connect Service for Retail Investors. In so doing, Angel Broking has become India's first broking house to offer its clients a direct connection to the entire back office and portfolio via their mobile phones, a unique feature offered only with M-Connect! This service enables Angel's clients to get updates on Equity, F&O, Commodities, and Mutual Fund rates, and monitor their portfolio status by checking ledger and open positions and the status of their holdings through their mobile phones.

The service empowers clients to connect to the markets anywhere at any time, and make crucial investment decisions on the go. Angel M-Connect is unique because it offers the widest range of features through a single platform. Clients can get stock updates and analysis, as well as market statistics and news on the move. This value-added service also allows Angel Broking's clients to view local and global indices, and track their favorite stocks through a personalized watch list. International Finance Corporation (IFC), an investment arm of the World Bank, recently acquired a 12.35% stake in Angel Infin, the holding company of the Angel Group, for Rs.152Cr. The Angel Group is a leading integrated financial services provider, with a network of branches and intermediaries in more than 250 cities. This is the first time IFC has invested in equity broking and wealth management, and it clearly reflects the firm's conviction that Angel's vision and business focus are compatible with its philosophy of spreading investor education. Speaking at the launch of M-Connect, Angel Broking's Chairman and Managing Director, Mr. Dinesh Thakkar said: "The evolution of our e-business and its success have underscored my belief that a host of services like M-connect can add value to clients' experience with us. This service will provide our clients unlimited, easy access to their accounts and our research, and they will also be able to track the performance of their favorite stocks in real time.

Mr. Vinay Agrawal, Executive Director, Equities Broking, said: "With the tremendous increase in usage of value added services like GPRS in mobile we felt a need to provide entire market information everyone associated with financial markets. Angel M-Connect is the result of that need. Now clients will be able to access all the market information including Equity, derivative, commodities and mutual funds. Angel's clients will also be able to access their back-office information like holdings & open positions, margin obligations, etc." "Going ahead mobiles will be a very important and powerful source of information. We like to explore that space and provide as much information to our customers as we can. So this is just a beginning and going forward there will be lot many services offered in this product".

- End -

About Angel Broking

Mr. 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” to its 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.

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

Angel provides a wide range of personalized wealth-management and investment services to its retail clients. These include Stock and Commodity Trading, Portfolio Advisory and Management Services, Investment Advisory Services, distribution of Mutual Funds, IPOs, Personal Loans and Insurance, as well as E-broking & Depository services – all supported by intensive research and a six sigma-backed Quality Assurance program.

Angel Group provides its value-added services to over 4.5 lakh individual retail investors through its nationwide network of 103 branches, including 16 regional hubs, 4,800+ sub-brokers/business associates and 4,100+ direct and 15, 000 indirect employees. Angel Broking has one of the largest trading terminal bases (9,868 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, and 550 crores through online broking.

With over 1,500 outlets connected through its state-of-the-art IT network, Angel offers personalized and world-class services. The company has top-quality, retail-focused research, as well as expert dealing facilities. Modern, centralized helpdesks answer investor queries and address any concerns 24x7. Angel’s Web-enabled, value-added back office is staffed by a brilliant team of experts for Quality Assurance.

More information is available on www.angelbroking.com.

About International Finance Corporation (IFC)

The Washington-based International Finance Corporation (IFC) is the private-sector arm of the World Bank Group. IFC invests in companies and financial institutions in emerging markets, and helps them create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. IFC’s goal is to improve people’s lives, especially those who are in greatest need of the benefits of growth

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