->Limited Idea4me: Reverting edit(s) by 2409:4043:49C:75AD:0:0:17D6:A8B1 (talk) to rev. 1040086205 by DaxServer: Vandalism (RW 16.1)

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{{Use dmy dates|date=February 2019}}{{Use Indian English|date=February 2019}}
{{short description|Indian diversified financial services firm}}
{{COI|date=May 2010}}
{{Infobox company
| name = Motilal Oswal Financial Services Limited
| logo = Motilal Oswal Financial Services Logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| foundation = {{start date and age|1987}}
| founder = [[Motilal Oswal]]
| location = Motilal Oswal Tower, Prabhadevi, [[Mumbai]], [[Maharashtra]]
| key_people = {{ubl|[[Motilal Oswal]]|[[Raamdeo Agrawal]]}}
| ISIN = INE338I01027
| industry = [[Finance]]
| services = {{ubl|Broking|Mutual Funds|Wealth management}}
| traded_as = {{ubl|{{BSE|532892}}|{{NSE|MOTILALOFS}}}}
| parent =
| subsid = {{ubl|Motilal 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.}}
| homepage = {{URL|motilaloswalgroup.com}}
}}

'''Motilal Oswal Financial Services Limited''' is an Indian diversified financial services firm offering a range of financial products and services. The company was founded by [[Motilal Oswal]] and [[Raamdeo Agrawal]] in 1987.<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/expert-view/motilal-oswal-franchise-is-wired-around-equity-raamdeo-agrawal/articleshow/71756502.cms|title=Don't take a crazy call when things are down: Raamdeo Agrawal|date=2019-10-25|work=The Economic Times|access-date=2020-02-19}}</ref><ref>{{cite news|url=http://www.forbesindia.com/article/super-50-companies-2017/motilal-oswal-financial-services-the-house-that-raamdeo-agrawal-and-motilal-oswal-built/47661/1|title=Motilal Oswal Financial Services: The house that Raamdeo Agrawal and Motilal Oswal built|date=28 July 2018|work=Forbes India|publisher=forbesindia.com}}</ref>

The company is listed on [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India|NSE]] stock exchanges.<ref>{{Cite news|url=https://www.business-standard.com/company/motil-oswal-fin-28011/financials-profit-loss|title=Motilal Oswal Financial Services Ltd.|work=Business Standard India|access-date=2020-02-19}}</ref>

==History==
Motilal Oswal Financial Services Ltd (MOFSL) was set up by Motilal Oswal and Raamdeo Agrawal as a broking house in 1987.<ref name="forbesindia.com">{{Cite web|url=http://www.forbesindia.com/article/super-50-companies-2017/motilal-oswal-financial-services-the-house-that-raamdeo-agrawal-and-motilal-oswal-built/47661/1|title=Motilal Oswal Financial Services: The House That Raamdeo Agrawal And Motilal Oswal Built|website=Forbes India|language=en|access-date=2020-02-19}}</ref>

The company entered into investment banking in 2005, followed by private equity fund in 2006.<ref>{{Cite web|url=https://www.livemint.com/Leisure/jYq9ULAx5636uVwDx7zKcJ/Motilal-Oswal--When-everyone-knows-your-name.html|title=Motilal Oswal {{!}} When everyone knows your name|last=Vadukut|first=Sidin|date=2008-11-01|website=Livemint|language=en|access-date=2020-02-19}}</ref>

On February 2006, Motilal Oswal Financial Services Ltd. acquired Peninsular Capital Markets, a [[Cochin]], [[Kerala]] based broking company for Rs. 35 crore.<ref>{{Cite news|last=Gurav|first=Vijay|url=https://economictimes.indiatimes.com/motilal-oswal-buys-peninsular-capital-for-rs-35-40-cr/articleshow/1408979.cms?from=mdr|title=Motilal Oswal buys Peninsular Capital for Rs 35-40 cr|date=2006-02-10|work=The Economic Times|access-date=2020-02-19}}</ref> The company tied up with [[State Bank of India]] in 2006,<ref name="Staff">{{Cite web|url=https://www.oneindia.com/2006/11/23/sbi-ties-up-with-motilal-oswal-for-online-trading-1164337382.html|title=SBI ties-up with Motilal Oswal for online trading|last=Staff|date=2006-11-24|website=Oneindia|language=en|access-date=2020-02-19}}</ref> [[Punjab National Bank]] in 2007 <ref name="Staff"/> and [[Axis Bank]] in 2013<ref>{{Cite news|last=Reporter|first=B. S.|url=https://www.business-standard.com/article/finance/axis-bank-ties-up-with-motilal-oswal-for-online-trading-109052000170_1.html|title=Axis Bank ties up with Motilal Oswal for online trading|date=2009-05-20|work=Business Standard India|access-date=2020-02-19}}</ref> to offer online trading to its customers.

On January 2010, Motilal Oswal Financial Services Ltd. set up [[Mutual fund]] business named as Motilal Oswal Asset Management Company (MOAMC).<ref>{{Cite web|url=https://business.rediff.com/report/2010/jan/04/motilal-oswal-gets-sebi-bod-to-set-up-mf-biz.htm|title=Motilal Oswal gets Sebi bod to set up MF biz|website=Rediff|language=en|access-date=2020-02-19}}</ref>

On 2013, Motilal Oswal Financial Services Ltd. laid foundation of Aspire Home Finance Corporation Limited (AHFCL).<ref name="forbesindia.com"/> The company offers loans for home, construction, composite, improvement, and extension in [[India]].<ref>{{Cite web|last=|first=|date=|title=Motilal Oswal Home Finance Ltd - Company Profile and News|url=https://www.bloomberg.com/profile/company/1186423D:IN|url-status=live|archive-url=|archive-date=|access-date=2020-02-19|website=www.bloomberg.com}}</ref>

==Allegations in NSEL case==
Motilal Oswal along with few other top brokers have been accused of various irregularities on NSEL. Agencies including EOW-Mumbai and SFIO have found the top 5 brokers including Motilal Oswal guilty of [[misselling]] NSEL contracts, [[KYC manipulation]], client code modification, [[benami transactions]] & infusion of [[black money]] through their NBFCs on the Exchange platform.<ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/nsel-scam-2015-police-report-gives-sebi-fresh-ammo-against-brokers/article25926034.ece|title=NSEL scam: 2015 police report gives SEBI fresh ammo against brokers|first=PALAK|last=SHAH|website=@businessline}}</ref> The EOW had arrested senior employees of three brokerages namely [[IIFL]], [[Geofin Comtrade]] & [[Anand Rathi]] in March, 2015.<ref>{{Cite web|url=https://www.livemint.com/Companies/opoACHl01K4RiwZuuM4QKL/NSEL-case-Mumbai-Police-arrest-three-brokerage-officials.html|title=NSEL case: Mumbai Police arrests three top brokerage executives|first=Khushboo Narayan,Ashish|last=Rukhaiyar|date=3 March 2015|website=Livemint}}</ref><ref>{{Cite web|url=https://www.business-standard.com/article/companies/eow-arrest-three-top-brokers-in-nsel-scam-115030301095_1.html|title=EOW arrest three top brokers in NSEL scam|first=B. S.|last=Reporter|date=4 March 2015|via=Business Standard}}</ref> This was followed by the market regulator, SEBI issuing multiple show-cause notices to the brokers in 2016, 2017, 2018 & 2019 respectively.<ref>{{Cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/5-brokers-issued-supplementary-notices/articleshow/67376051.cms|title=5 brokers issued supplementary notices|first=Ram|last=Sahgal|via=The Economic Times}}</ref><ref>{{Cite web|url=https://www.business-standard.com/article/finance/sebi-issues-another-show-cause-notice-to-nsel-brokers-in-2013-scam-probe-119010301169_1.html|title=Sebi issues another show-cause notice to NSEL brokers in 2013 scam probe|first=Dilip Kumar|last=Jha|date=3 January 2019|via=Business Standard}}</ref> The EOW-Mumbai in its supplementary charge sheet has also accused the three brokerages IIFL, Motilal Oswal & Anand Rathi of cheating clients.<ref>{{Cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/non-defaulting-brokers-named-in-nsel-case/articleshow/67464884.cms|title=Non-defaulting brokers named in NSEL case|via=The Economic Times}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/eow-submits-charge-sheet-against-63-in-nsel-scam/articleshow/67280876.cms|title=EOW submits charge sheet against 63 in NSEL scam|via=The Economic Times}}</ref> Based on the recommendations of SFIO & EOW's report against misdeeds of brokers, SEBI declared Motilal Oswal along with India Infoline Commodities (IIFL) ‘not fit and proper’ as commodity derivative brokers, in the last week of February 2019.<ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/nsel-scam-sfio-wants-sebi-to-put-broker-firms-through-fit-and-proper-test/article25883571.ece|title=NSEL scam: SFIO wants SEBI to put broker-firms through 'fit and proper' test|website=@businessline}}</ref><ref>{{Cite web|url=https://www.businesstoday.in/markets/company-stock/nsel-scam-sebi-declares-motilal-oswal-iifl-not-fit-and-proper-commodity-derivatives/story/321560.html|title=NSEL Scam: SEBI declares Motilal Oswal, IIFL 'not fit and proper' as commodity derivative brokers|website=www.businesstoday.in}}</ref><ref>{{Cite web|url=https://www.livemint.com/market/commodities/nsel-case-commodity-arms-of-motilal-oswal-iifl-not-fit-and-proper-says-sebi-1550903694516.html|title=NSEL case: Commodity arms of Motilal Oswal, IIFL not fit and proper, says Sebi|first=Jayshree P.|last=Upadhyay|date=23 February 2019|website=Livemint}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-declares-commodity-arms-of-motilal-iifl-as-not-fit-and-proper/articleshow/68123136.cms|title=Sebi rules Motilal Oswal, IIFL commodity arms 'not fit and proper'|first=Reena|last=Zachariah|via=The Economic Times}}</ref>

==Awards and recognitions==
* Mr. Motilal Oswal, Chairman & MD is awarded as Outstanding Institution Builder of the year in The AIMA Managing India Awards<ref>[https://www.aima.in/media-centre/events/managing-india-awards.html]</ref>
* Motilal Oswal wins GOLD for marketing effectiveness at the Global ACEF customer engagement awards (Awarded for Think Equity. Think Motilal Oswal TV Ad)<ref name="campaignindia.in">{{cite web|url=http://www.campaignindia.in/article/goafest-2018-its-raining-awards-but-no-grand-prix-in-sight/443796|title=Goafest 2018: It's raining awards but no Grand Prix in sight|publisher=}}</ref>
* Motilal Oswal TV Ad wins 3 awards at the ABBY Awards for Creative Excellence<ref name="campaignindia.in"/>
* Motilal Oswal Financial Services Ltd wins the Brand of the Year Award at the CNBC TV18 - India Business Leadership Awards<ref>{{cite web|url=https://www.livemint.com/Companies/Jt3vx15ta01XrfljmBsWEK/India-Business-Leader-Awards-to-honour-exceptional-performer.html|title=India Business Leader Awards to honour exceptional performers|first=Gireesh Chandra|last=Prasad|date=6 April 2018|publisher=}}</ref>
* MOFSL has been featured in Forbes Super 50 Companies 2017<ref>{{cite web|url=http://www.forbesindia.com/lists/super-50-companies-2017/1645/all/|title=Super 50 Companies 2017 - Forbes India Magazine|website=Forbes India}}</ref>
* 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.<ref>{{Cite news|url=http://www.dnaindia.com/money/report-motilal-oswal-icici-securities-shine-at-zee-business-awards-2043944|title=Motilal Oswal, ICICI Securities shine at Zee Business awards {{!}} Latest News & Updates at Daily News & Analysis|date=2014-12-15|work=dna|access-date=2018-04-12|language=en-US}}</ref>
*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.<ref>{{cite web|url=http://zeenews.india.com/business/news/companies/zee-business-presents-india-s-best-market-analyst-awards-2013_80532.html|title=Zee Business presents India's Best Market Analyst Awards 2013|date=24 July 2013|publisher=}}</ref>
* Motilal Oswal Securities was awarded with Best Performing National Financial Advisor Equity Broker Award in 2012, second time in succession.<ref>{{cite web|url=http://www.newkerala.com/news/2011/worldnews-171891.html|title=newkerala.com 24 x 7 Online News Channel|last=newkerala.com|website=www.newkerala.com}}</ref><ref name="cafemutual.com">{{cite web |url=http://www.cafemutual.com/News/InnerDist.aspx?srno=21 |title=Archived copy |accessdate=2012-05-30 |url-status=dead |archiveurl=https://web.archive.org/web/20110113035510/http://www.cafemutual.com/News/InnerDist.aspx?srno=21 |archivedate=2011-01-13 }}</ref>
* CNBC TV18 awarded Motilal Oswal the Best Performing Equity Broker Award in 2010 at CNBC TV18 Financial Advisor Awards 2010 <ref name="cafemutual.com"/>
* 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 <ref>{{cite web |url=https://www.globalmanetwork.com/winnerscircleasiama.php |title=Archived copy |accessdate=2012-05-30 |url-status=dead |archiveurl=https://archive.is/20121217151501/https://www.globalmanetwork.com/winnerscircleasiama.php |archivedate=2012-12-17 }}</ref>
* Motilal Oswal Securities Ltd. rated as No.1 Broker in ET Now – Starmine Analyst Awards 2009[10].<ref>{{Cite web|url=https://economictimes.indiatimes.com/|title=Business News Live, Share Market News - Read Latest Finance News, IPO, Mutual Funds News|website=The Economic Times}}</ref>

==See also==
* [[List of private equity firms]]

==References==
{{reflist}}

==External links==
* [http://www.motilaloswal.com/ Motilal Oswal]
* [https://www.motilaloswalmf.com/ Motilal Oswal Mutual Funds]

{{Financial services in India}}
{{Online brokerages}}

[[Category:Financial services companies based in Mumbai]]
[[Category:Brokerage firms]]
[[Category:Indian companies established in 1987]]
[[Category:1987 establishments in Maharashtra]]
[[Category:Financial services companies established in 1987]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Motilal Oswal Financial Services - Revision history

->Limited Idea4me: Reverting edit(s) by 2409:4043:49C:75AD:0:0:17D6:A8B1 (talk) to rev. 1040086205 by DaxServer: Vandalism (RW 16.1)