Motilal Oswal Group

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.

Background

The company was formed in 1987 by Motilal Oswal and Raamdeo Agrawal after they acquired membership on The BSE. 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 and a Depository Participant of Central Depository Services Limited (CDSIL) in 2000. The company started offering Derivatives products and advisory services on both BSE as well as NSE in 2001

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

Motilal Oswal

Motilal Oswal, is an Indian businessman. He is the Chairman and Managing Director of Motilal Oswal Financial Services Ltd (MOFSL) which he co-founded with Raamdeo Agrawal in 1987.

Oswal was awarded the "Rashtriya Samman Patra" by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99.

The Institute of Chartered Accountants of India gave Oswal with the "Excellent Business Achiever in Financial Services" award. The “Udyog Rattan Award” was also conferred to him for his performance in the industrial development of the country by the Institute of Economic Studies, New Delhi. He has also been awarded an entry in “The Hall of Fame for Excellence in Franchising” by - Franchising World Magazine. He was also named as the Champion of Arthshastra by a Rotary District and the "Excellent Business Achiever in Financial Services" Award by the Institute of Chartered Accountants of India. Oswal was given the "Special Contribution to Indian Capital Market" award in ‘India's Best Market Analyst Awards 2009 organized by Zee Business.