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Ketan Shah joins Dhan as omni channel CEO

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Date
Company
Dhan
What it does
Stock trading platform
Kind
People
Based in
Mumbai
Founded
2021-01
Sector
Financial Services

What they do

Dhan is a stock trading platform for investors and traders

What happened

Ketan Shah, with 25+ years at Angel One, has been appointed CEO of Omni Channel Business

Why it matters

Dhan ranked 9th among stock brokers in August 2025 with 2.15% market share

The details

  • Ketan Shah has been appointed CEO of Omni Channel Business at Dhan.
  • He brings over 25 years of experience in the stock broking industry.
  • His expertise covers business, technology, distribution, revenue, and strategy.
  • Shah previously spent over 25 years at Angel One (formerly Angel Broking).
  • He was involved in Angel One's early journey, digital transformation, public listing, and scale-up to a top 3 broking platform in India.
  • His most recent role at Angel One was Chief Strategy Officer and Board Member (or whole-time director and chief sales & revenue officer).

The bigger picture

  • Dhan is reportedly in talks to raise a larger funding round.
  • The company surpassed Paytm Money in September 2024 to enter the top 10 brokers.
  • As of August 2025, Dhan ranked 9th among stock brokers with 2.15% market share and 1 million clients.

About the business

  • Dhan is a stock trading platform for investors and traders, owned by Raise Financial Services.
  • Raise Financial Services also operates Upsurge (finance learning), ScanX (market insights), and FilterCoffee (financial media).
  • Headquarters: Mumbai.

The deal

Type
appointment

Founders

  • Pravin Jadhav, Co-founder
  • Alok Pandey, Co-founder
  • Jay Prakash Gupta, Co-founder
  • Raunak Rathi, Co-founder

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