Vinay Agarwal, CEO of Angel Broking, Passes Away after Fight with Cancer
Vinay Agarwal, the Chief Executive Officer of Angel Broking passed away on Saturday at the age of 57 after battling stomach cancer.
“It is hereby informed that Mr. Vinay Agarwal Whole-Time Director and Chief Executive Officer of the Company passed away today i.e., Saturday, April 17, 2021,” the company said in its regulatory exchange filing.
Vinay was the first CEO of Angel Broking and was developing business strategies and strong analytical skills for the broking house. He played an instrumental role in setting up the equity derivatives business segment, which contributes over 50 per cent to the total revenue. He also played a major role in setting up the online trading platform for clients in 2004.
Angel broking was incorporated in 1987 and is headquartered in Mumbai. The company offers services such as online stock broking, commodity trading, investment advisory services, depository services.