About the Company

Motilal Oswal Financial Services Limited (MOFSL) is a diversified financial services group founded in 1987 as a sub-broking outfit and has since expanded into broking, asset management, private wealth, investment banking, housing finance and treasury investments. Key milestones include entering investment banking, private equity and wealth management in 2006, its IPO of Rs 333 Crore on July 2007, the launch of its maiden mutual fund in 2010, and entry into affordable housing finance in 2014 . The Group serves retail and institutional clients across India with a network covering 550+ cities and 98 per cent of India’s postal codes, supported by 9,191 external wealth managers and a customer base of 12.8 Million. It oversees assets under management and advice of Rs 5.5 Trillion and reported a net worth of Rs 11,000+ Crore (including a treasury of Rs 8,000+ Crore) . MOFSL’s housing finance arm operates 112 branches across 12 States/UTs, while the Group also has overseas subsidiaries in Singapore, Hong Kong and Mauritius, and a representative office in Dubai   . The Company has 20 Subsidiaries (including step-down subsidiaries) as on the date of the Board’s Report .

Business Segments

[Section intentionally not included as the Annual Report does not disclose revenue contribution by segment/vertical or domestic vs. international in percentage terms.]

Key Management

– Raamdeo Agarawal – Non-Executive Chairman

– Motilal Oswal – Managing Director & Chief Executive Officer

– Navin Agarwal – Managing Director

– Shalibhadra Shah – Group Chief Financial Officer

– Kailash Purohit – Group Company Secretary & Compliance Officer

Latest Updates

– Governance and capital: Shareholders’ approvals via Postal Ballot on May 30, 2024 and December 18, 2024 included enhanced borrowing limits, creation of charges on assets, alteration of Articles of Association, introduction of the “ESOP Scheme – X” (including extension to subsidiaries), and enhancement of limits under Section 186 .

– Leadership continuity: The Board, on April 25, 2025, approved the re-appointment of Mr. Motilal Oswal as Managing Director & Chief Executive Officer for a five-year term from January 18, 2026 to January 17, 2031, subject to Members’ approval .

– Business performance highlights: In broking, MOFSL reported an overall market share of 8.1 per cent in FY25 (Cash 7.6 per cent; F&O Premium 8.5 per cent) and one of the highest ARPUs at Rs 22,522 per active client; NSE active clients crossed 10 Lakh . Asset Management AUM rose to Rs 1,23,397 Crore, with mutual fund AUM at Rs 95,111 Crore and alternate AUM at Rs 28,285 Crore; 90 per cent of AMC AUM outperformed benchmarks . Private Wealth AUM reached Rs 1,44,325 Crore, with ARR AUM at Rs 31,993 Crore and TBR AUM at Rs 1,12,332 Crore .

– Investment Banking: Completed 39 deals (including blocks) with issue size of over Rs 51,000 Crore; ranked No. 1 in the FY25 QIP league table .

– Housing Finance: Disbursements were Rs 1,794 Crore; GNPA/NNPA stood at 0.8 per cent/0.4 per cent; CRAR was ~41 per cent; salesforce expanded to 1,329 across 112 branches in 12 States/UTs .

– Credit ratings: CRISIL reaffirmed A1+ for Commercial Paper and AA/Positive for Non-Convertible Debentures; ICRA upgraded the rating outlook to AA/Positive on long-term facilities and affirmed A1+ on CP for group entities .

– Corporate structure: During the year, MOFSL acquired a custodial services entity as a wholly-owned subsidiary; subsequent to the financial year-end, it incorporated a step-down wholly-owned subsidiary in Dubai International Financial Centre .