Angel One has confirmed that the breach does not impact clients' securities, funds, or credentials, and all accounts are secure. The company uses two-factor authentication for login/access to all client accounts, and clients' login credentials are encrypted and have not been compromised.

The company is working to identify the source of the breach and has validated its infrastructure to prevent further unauthorised access.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and network of authorized persons.

The brokerage company reported a 30.37% surge in consolidated net profit (from continuing operations) to Rs 267 crore in Q4 FY23 compared to the same period in the previous year. This growth is attributed to a 21.6% jump in total income to Rs 831.09 crore. Compared with Q3 FY23, the company's net profit and total income were higher by 17.11% and 9.4%, respectively.