Former Google Pay VP Ambarish Kenghe joins Angel One as Group CEO, shares higher by 4%

Former Google Pay VP Ambarish Kenghe

The shares of diversified financial services company Angel One were higher by over 4 percent on March 5, the day when the company announced Ambarish Kenghe as its Group Chief Executive Officer (CEO).

The company had earlier made the announcement regarding Kenghe's appointment in January. The shares were trading at Rs 2,093 apiece, as seen at 2.18 pm.

Kenghe has previously worked with Google, which he had joined as the Director of Product Management of Google Pay in May 2018, and later became the vice president and general manager of Google Pay in India, Japan, Singapore and the rest of the Asia Pacific region, including being responsible for the financial performance (P&L) of the business.

He also played a significant role in the launch of Chromecast and the development of Google TV. Prior to Google, he served as the Chief Product Officer (CPO) of Myntra, and was also associated with Bain & Company and Cisco Systems.

As Group CEO, Kenghe will focus on speeding up Angel One’s growth, enhancing product and technology innovation, the company said.

Speaking on his new role at Angel One, Ambarish Kenge said, "With its focus on innovation and customer-centricity, Angel One has built a strong foundation. I am eager to work with the talented team to drive the next phase of growth and empower users with advanced financial solutions."

Dinesh Thakkar, Chairman and Managing Director of Angel One said, “Ambarish’s appointment as Group CEO marks an exciting new era for Angel One. With his proven track record of driving innovation and deep expertise in the industry, he is the visionary leader we need to propel us into our next chapter of growth.”