Vinay Agarwal, CEO of Angel Broking passed away on Saturday. 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."

Agrawal was the first CEO of Angel Broking and was developing business strategies and strong analytical skills for the broking house.

On Friday, the share price of Angel Broking surged 15 percent on BSE after its announcement of achieving the highest-ever monthly client acquisition.

"The digital stockbroker has onboarded 3,79,233 customers during March 2021 while continuing its stellar run in the broking industry. The total client base of Angel Broking has now increased to 41 lakh as of March 2021," the firm had said in a media release.

First Published:Apr 17, 2021 1:43 PM IST