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Motilal Oswal Financial Services Ltd
Company typeFinancial services
IndustryFinance
FoundedMumbai, India, 1987
HeadquartersMotilal Oswal Tower, Prabhadevi, Mumbai
Key people
Motilal Oswal, Raamdeo Agrawal
ServicesWealth Management,
Retail Broking & Distribution,
Commodity Broking,
Asset Management,
Institutional Broking,
Private Equity &
Investment Banking Services
ParentMotilal Oswal Financial Services Ltd
SubsidiariesMotilal Oswal Securities Ltd,
Motilal Oswal Investment Services,
Motilal Oswal Investment Advisors Pvt Ltd,
Motilal Oswal Private Equity Advisors Pvt Ltd,
Motilal Oswal Asset Management Co. Ltd,
Aspire Home Finance Corporation Ltd.
Websitewww.motilaloswal.com

Motilal Oswal Financial Services Ltd. (BSE, NIFTY, NASDAQ, Dow Jones, Hang Seng) is a diversified financial services firm offering a range of financial products and services such as Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Private Equity, Investment Banking, Commodity Broking and Home Finance.[1]

Background

The company was formed in 1987 by Motilal Oswal and Raamdeo Agrawal after they acquired membership on The BSE.[2] Motilal Oswal was elected director and joined the Governing Board of the Bombay Stock Exchange in 1998.

Motilal Oswal Securities is a Depository Participant of NSDL[3] and a Depository Participant of Central Depository Services Limited (CDSIL)[4] in 2000. The company started offering Derivatives products and advisory services on both BSE as well as NSE in 2001[5]

In 2006 the company entered Private Equity and Investment Banking business.[5] In the same year, Motilal Oswal group acquired South Indian brokerage firm – Peninsular Capital Markets.[6] The company tied up with State Bank of India and Punjab National Bank[7] in 2006 and 2007 to offer online trading to its customers. 2008 saw the company create one of India's largest Equity[8] Dealing & Advisory rooms, spread over 26,000 sq ft (2,400 m2) in Malad, Mumbai.

In January 2010, Motilal Oswal Financial Services (through its subsidiary Motilal Oswal Securities Ltd.) received the final certificate of registration approval from Securities and Exchange Board of India (SEBI) to set up a mutual fund business in the country.

In January 2010, Motilal Oswal Financial Services (through its subsidiary Motilal Oswal Securities Ltd.) received the final certificate of registration approval from Securities and Exchange Board of India (SEBI) to set up a mutual fund business in the country. Motilal Oswal Asset Management Company is registered with SEBI as the Investment Manager for Motilal Oswal Mutual Fund. It was incorporated on November 14, 2008.

MOAMC is a 100% subsidiary of Motilal Oswal Securities Limited. It provides Investment Management and Advisory Services to investors based within and outside India and having Portfolio Management Services business, ETFs and Mutual Funds. Motilal Oswal Asset Management Company Ltd., one of the fastest growing Asset Management Companies in India and has recently crossed the $1 billion in equity Assets Under Management (AUM) mark in June 2015 registering itself into an elite club.[9]

AHFCL is a subsidiary of Motilal Oswal Securities Limited (MOSL) which is a part of Motilal Oswal Financial Services Limited (MOFSL) Aspire Home Finance Corporation Limited (AHFCL) is a professionally managed housing finance company with unique combination of financially sound and technically experienced promoters who are well known in their domain for professional ethics and strong execution capabilities.

The Company has been rated “CRISIL A+/Stable” by CRISIL for long term borrowings and “ICRA A1+” by ICRA for short term borrowings.

As on dated Total Login Number is 24,733 with Amount of Rs. 2882.16 Crore out of this total Sanctioned Number 17,686 with Amount of Rs. 1954.95 Crores. Total Disbursement till date Rs. 1444.38 Crore.

Company has received "The Most Admired and Valuable Home Finance Company, 2015, in the recently held Indian Leadership Conclave award function.;[10] Financial Services Institution of the Year” award by ASSOCHAM India at ICT 4 Development Awards 2015; Agency Innovation of the Year (BFSI Sector)" at the Brand Excellence Awards 2015 presented by ABP News.

Awards and Recognitions

  • Motilal Oswal Wealth Management Ltd participated in the CNBC TV18 Financial Advisory Awards 2014 – 15; and in the very first year of its participation has been adjudged Best Performing National Financial Advisor (Wealth distribution category).[11]
  • Motilal Oswal Securities won the Best Performing Equity Broker (National) Award at CNBC TV18 Financial Advisor Awards 2013 held in Mumbai.[12]
  • Motilal Oswal Financial Services Ltd's Analyst Mr. Jinesh Gandhi won the Best Market Analyst Award for the categories Equity-Auto at ‘India`s Best Market Analyst Awards 2013 organized by Zee Business.[13]
  • Motilal Oswal Securities was declared "Best Equity Broker" at Bloomberg UTV Financial Leadership Awards in April 2012.[14]
  • Motilal Oswal Securities was awarded with Best Performing National Financial Advisor Equity Broker Award in 2012, second time in succession.[15][16]
  • Motilal Oswal Financial Services was honoured with an award for Best Use in PR in Financial Services Category at India PR & Corporate Communications Awards 2012.[17]
  • Motilal Oswal Securities received Best Equity Broking House Award by BSE IPF-D&B Equity Broking Awards 2011 [18]
  • Motilal Oswal Mutual Fund's MOSt Shares M50 ETF was adjudged Most Innovative Fund of the Year by CNBC TV18 CRISIL Mutual Fund Award 2011 [19]
  • CNBC TV18 awarded Motilal Oswal the Best Performing Equity Broker Award in 2010 at CNBC TV18 Financial Advisor Awards 2010 [16]
  • Best Capital Markets & Related NBFC Award for FY11 by CNBC TV18 India Best Banks & Financial Institutions Awards 2011[20]
  • Motilal Oswal IB team won the Asia Pacific Cross Border Deal of the year award in 2010 and the CEO Ashutosh Maheshvari got India M&A Investment Banker of the Year award [21]
  • Motilal Oswal Securities Ltd. rated as No.1 Broker in ET Now – Starmine Analyst Awards 2009[10].[22]
  • MOSL awarded 'The Best Franchisor in Financial Services' by Franchisee.[23] World Magazine 2008 for the second consecutive year.
  • Motilal Oswal Securities Ltd. wins the “Best Research as Research Showcase Partner” at RESEARCHBYTES IC AWARDS 2014. The winners were selected from a poll of over 1500 Fund Managers/Analysts!.[24]
  • Motilal Oswal Securities received two awards for its equity research in IT and commodity (forex) segments at India's Best Market Analyst Awards 2014, India's biggest Financial Market Awards also called as ZEE Business Awards 2014.[25]

SEBI Judgement

The company had to pay 500,000 Rupees as settlement as a consequence of their involvement in a series of IPO irregularities in the years 2003-2005.[26]

See also

References

  1. ^ [1]
  2. ^ Home > About Us > Milestone. Motilal Oswal official website
  3. ^ "Depository Participants" Retrieved 2009-12-10
  4. ^ "Depository Participants with CDSL" Retrieved 2009-12-11
  5. ^ a b Corporate Information | History and Milestone | Corporate History | Company Milestone | Corporate History. MotilalOswal.com. Retrieved on 2012-05-06.
  6. ^ Motilal Oswal opens new dealing room in Mumbai. Business Line (2008-03-12)
  7. ^ MOFSL receives final SEBI nod to set up Mutual Fund Business. PressReleasePoint (2010-01-06). Retrieved on 2012-05-06.
  8. ^ "StarMine honours country’s best analysts" Retrieved 2009-12-12
  9. ^ [2]
  10. ^ [3]
  11. ^ [4]
  12. ^ [5]
  13. ^ [6]
  14. ^ [7]
  15. ^ [8]
  16. ^ a b [9]
  17. ^ Maruti, Corporate Voice shine at PR Awards. Exchange4media.com (2012-03-23). Retrieved on 2012-05-06.
  18. ^ [10]
  19. ^ [11]
  20. ^ [12]
  21. ^ [13]
  22. ^ [14]
  23. ^ "Motilal Oswal Securities Wins Franchise Award 08" Retrieved 2009-12-12
  24. ^ [15]
  25. ^ [16]
  26. ^ "IPO SCam". Mumbai: The Financial Express. 2010-05-10. Retrieved 2012-05-21.
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