Motilal Oswal Financial Services Share Price Live

History 

Motilal Oswal Financial Services Ltd (MOFSL), established as a non-banking financial company (NBFC) under the Reserve Bank of India Act 1934, offers a broad spectrum of financial services and products. 

Founded on May 18, 2005, and commencing business on June 3, 2005, the company quickly expanded its services. In 2006, Motilal Oswal Securities Ltd. (MOSL) became a subsidiary after acquiring MOSL shares from the founders Motilal Oswal and Raamdeo Agrawal and some promoter group members. Additionally, MOFSL acquired Motilal Oswal Commodities Broker Pvt Ltd and Motilal Oswal Venture Capital Advisors Pvt Ltd, further broadening its reach.

In 2006, the company acquired Peninsular Capital Markets Limited, a Kerala-based broking entity. The year 2007-08 saw technological advancements with the implementation of a web-based application for mutual fund distribution, enhancing accessibility nationwide. Furthermore, Motilal Oswal Capital Markets Pvt. Ltd became a subsidiary of MOSL.

MOFSL’s Initial Public Offer (IPO) in 2007, involving 2,9,82,710 equity shares, was another landmark achievement, leading to listings on the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd. In 2008-09, Antop Traders Pvt Ltd joined the fold as a subsidiary. The subsequent years witnessed further expansion, including launching a mutual fund business, acquiring an office building in Mumbai, and crossing significant financial milestones, such as DP assets exceeding ₹10,000 crore and the group’s net worth surpassing ₹1,000 crore.

In 2016, MOFSL’s asset management business sector saw substantial growth, becoming one of the fastest-growing in the country. That same year, Aspire Home Finance, a company active in affordable housing and promoted by MOFSL, surpassed ₹1,000 crore in loan disbursements. The company’s international expansion began with the Motilal Oswal India Fund (MOIF) launch in 2016, granting global investors access to Indian equity capabilities.

By 2018, MOFSL had 18 subsidiaries, with MOSL’s broking business achieving record revenue. The amalgamation of MOSL into MOFSL and the transfer of the lending business to Motilal Oswal Capital Markets Limited marked strategic restructuring moves. As of 2019, the company has revamped Aspire Home Finance into Motilal Oswal Home Finance and continues to achieve significant growth in various sectors, including asset management and wealth management.

In 2020 and 2021, MOFSL incorporated new subsidiaries, focusing on investment advisory services and continued capital allocation for long-term RoE enhancement opportunities. The year 2022 was notable for launching the largest PE fund, IBEF IV, and a range of strategic partnerships and expansions, further solidifying MOFSL’s presence in the financial services sector.

As of 2023, MOFSL has continued innovating with products like Options Store and Research 360, launching multiple AIFs and expanding its SIP offerings. The company’s strategic moves, including acquiring MO Alternative IFSC Private Limited and setting up a representative office in Dubai, UAE, underscore its ongoing commitment to growth and diversification in financial services.

Business Segments 

Motilal Oswal Financial Services (MOFSL) operates under 7 main business segments:

1. Retail Broking & Distribution: This caters to individual investors with equity trading, derivatives trading, and investment advisory services. MOFSL boasts a strong retail client base of over 8 lakh clients, and its market share is steadily growing.
2. Institutional Equities: This division serves institutional investors like banks, mutual funds, and foreign portfolio investors with equity research, execution, and advisory services.
3. Investment Banking: This arm provides various services to companies for financing needs, including IPOs, mergers and acquisitions, and equity placements.
4. Asset Management: Motilal Oswal Asset Management Company (MOAMC) offers various mutual funds across various asset classes, catering to investors with diverse risk appetites and investment goals.
5. Private Equity: The private equity arm invests in promising companies across various sectors through dedicated funds.
6. Wealth Management: MOFSL offers personalised wealth management services to high-net-worth individuals and families, tailoring investment strategies and portfolio solutions to their specific needs.
7. Housing Finance: Motilal Oswal Housing Finance (MOHFL) provides home loans for various purposes, including purchase, construction, and renovation. It focuses on affordable housing segments and operates across various branches in India.

Subsidiaries of Motilal Oswal Financial Services Limited

As of March 31, 2023, the company had 18 subsidiaries (including step-down subsidiaries). These include, 

• Motilal Oswal Home Finance Limited (MOHFL): This is a key subsidiary of Motilal Oswal Financial Services Limited, focusing on affordable housing finance. The company offers a variety of home loan products, primarily targeting salaried and self-employed individuals. MOHFL emphasises making housing finance accessible and aligns its operations with the national objective of ‘Housing for All’.

• Motilal Oswal Asset Management Company Limited (MOAMC): MOAMC operates under Motilal Oswal Financial Services Limited, specialising in mutual funds, ETFs, and portfolio management services. Known for its research-driven investment approach, MOAMC focuses on long-term wealth creation and offers innovative investment solutions to individual and institutional investors.
• Motilal Oswal Finvest Limited (MOFL): A subsidiary of Motilal Oswal Financial Services Limited, MOFL offers diverse financial solutions, including loans against securities and retail broking. Serving a varied client base, MOFL is committed to providing tailored financial services, leveraging technology and research to meet the dynamic needs of the market.

Key Personnel 

Motilal Oswal, Managing Director and CEO

Motilal Oswal holds the Managing Director and CEO position at Motilal Oswal Financial Services Ltd. (MOFSL). A qualified Chartered Accountant, he co-founded the company with his business partner, Raamdeo Agrawal, in 1987.

Mr. Oswal has contributed significantly to various financial and trade bodies throughout his career. He has been a member of the Governing Board of the Bombay Stock Exchange (BSE) and the Indian Merchant’s Chamber (IMC). Additionally, he has played a role in numerous committees of the BSE, National Stock Exchange (NSE), Securities and Exchange Board of India (SEBI), and Central Depository Services Limited (CDSL). 

His leadership extends to the Jain International Trade Organisation (JITO), where he serves as President. Recognised for his financial contributions, Mr Oswal has been honoured with the Rashtriya Samman Patra by the Government of India, acknowledging him as one of the nation’s top income tax contributors over 5 years.

Corporate Actions 

Buyback 

The buyback for Motilal Oswal Financial Services Limited, recorded on May 27, 2022, involved 0.15 crore shares at ₹1100 per share, totalling ₹160 crore.