Google Pay VP Ambarish Kenghe Joins Angel One As Group CEO

Listed online stock broking major Angel One has roped in former Google Pay executive Ambarish Kenghe as its new group chief executive officer (CEO).

In a filing with the exchanges, Angel One said that Kenghe will join the company on or before March 6, 2025.

An alumnus of UC Berkeley, Purdue University and IIT Kanpur, Kenghe joined Google Pay as general manager and vice-president for the Asia Pacific (APAC) region in 2018. At Google, he played a key role in scaling up the digital payments platform and was also involved in the development of Chromecast and Google TV. 

Earlier, he served as the chief product officer at Myntra and as a strategy consultant with Bain & Company in San Francisco. 

Commenting on the appointment, Angel One chairman and managing director Dinesh Thakkar said, “Ambarish’s appointment as 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…”.

Angel One, formerly known as Angel Broking, was founded in 1996. The company offers broking services, investment advisory, and distribution of financial products. It has seen significant growth in recent years on the back of its digital play, with its “total client base” reaching 29.5 Mn at the end of December 2024, up 52% year-on-year (YoY).

In the third quarter (Q3) of the financial year 2024-25 (FY25), Angel One’s net profit rose 8.1% to INR 281.4 Cr from INR 260.3 Cr in the year-ago period. Operating revenue grew 19% to INR 1,262.2 Cr from INR 1,059 Cr in Q3 FY24. 

The latest appointment comes months after the company roped in former Flipkart executive Arief Mohamad as the chief business officer of its direct business in October 2024.

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