Shares of Angel One, a diversified financial services company, rose by over 4% on March 5, following the announcement of Ambarish Kenghe as the company’s new Group Chief Executive Officer (CEO). The shares were trading at Rs 2,093 apiece at 2:18 pm, reflecting positive investor sentiment around the leadership change.
Kenghe’s appointment was initially announced in January, and he brings a wealth of experience from his previous roles in major global companies. Prior to joining Angel One, Kenghe had an impressive tenure at Google, where he played a key role in the growth of Google Pay across multiple regions. He started as the Director of Product Management for Google Pay in 2018 and later became the Vice President and General Manager for the platform in India, Japan, Singapore, and the wider Asia Pacific region. Kenghe was also responsible for the financial performance (P&L) of Google Pay.
In addition to his experience at Google, Kenghe had a significant impact in the tech and e-commerce sectors through roles as Chief Product Officer (CPO) at Myntra, and previously worked with Bain & Company and Cisco Systems.
As Angel One’s new Group CEO, Kenghe’s primary focus will be accelerating the company’s growth and enhancing its product and technology innovation. In his statement, Kenghe expressed excitement about joining the company, saying, “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.”
Dinesh Thakkar, Chairman and Managing Director of Angel One, also shared his enthusiasm about Kenghe’s appointment, calling it a significant step in the company’s journey. Thakkar stated, “Ambarish’s appointment as Group CEO marks an exciting new era for Angel One. 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.”
This leadership change comes at a time when Angel One is looking to expand its offerings and solidify its position in the financial services sector. Kenghe’s expertise in product management and technology innovation is expected to drive the company’s future growth and success.
