Expect market to open up by end of FY26: Angel One group CEO Kenghe

Angel One’s new group chief executive officer, Ambarish Kenghe, expects business momentum to pick up by the end of the current financial year as the immediate effects of the regulatory changes on speculative trading and the global macroeconomic challenges settle down.

Kenghe, who previously led Google Pay in India, assumed the corner office at the stockbroker four months back. He joined the business at a time when stock market regulator Securities and Exchange Board of India tightened the rules around the speculative futures and options (F&O) trading business. This has disrupted tech-first startups like Zerodha, Groww, Dhan and Angel One, who get a large part of their revenue from F&O trades.