Vinay Agarwal, CEO of Angel Broking passed away on Saturday. Vinay Agarwal was fighting stomach cancer.

In an exchange notice filed on Saturday, Angel Broking said, “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.”

A Chartered Accountant by profession, Agrawal possessed 20 years of experience spanning across the Banking, Financial Services and Insurance (BFSI) domain and covered multiple facets such as finance & operations, business development, product development and e-broking.

He had joined the Angel Group in the year 2000 as a Consultant with a responsibility to streamline the broking operations function. He then went on to set-up ‘Equity Derivatives’ business segment for the group, which today contributes more than 50 percent to the overall revenue.

Mr Agrawal 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.

Recently, the company also announced that it will consider declaring an interim dividend for fiscal 2020-21. This will be the third interim dividend for the firm for the financial year 2020-21.

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