Story of success and net worth of Motilal Oswal:
Motilal Gopilal Oswal is the CEO, MD, Director, and Co-Founder at Motilal Oswal Services.
The total reimbursement of Mr Oswal at Motilal Oswal Services is ₨ 24,040,000. There are 2 managers at Motilal Oswal Services receiving huge payment, with Ramdeo Agrawal having the greatest compensation of $30,301,724.
Motilal Oswal Financial Services Limited delivers financial benefits in India. The company operates through Fund based activities, Broking and additional Activities, Asset Management and Advisory, Home finance segments, and Investment Banking Services. It proposes broking and dispersion services, such as derivatives, equities, depository services, commodities, mutual funds, currency, portfolio management services, primary equity offerings, asset management services, and insurance products. The company also delivers confidential prosperity management services, such as credit solutions, equity, will making, estate planning, and Home loans. Furthermore, the corporation requires institutional broking assistance, including currency derivatives, particular property aids, enterprise banking advisory, transaction solutions, encompassing personal arrangement of capital, consolidations and accessions advisory, and property equity demands agreements. It fulfills high net worth people; and mutual budgets, foreign institutional investors, monetary organizations, and corporate customers. Motilal Oswal Financial Services Limited was established in 1987 and is headquartered in Mumbai, Maharashtra, India. Motilal Oswal Financial Services Limited is an aid of Passionate Investment Management Private Limited.
As of 31 March 2018 it had a system stretched over 588 cities and municipalities encompassing 2200+ company sites and more than 9 lakh enrolled consumers. The company had 18 subsidiaries. MOFSL holds its lending industry by operating Loan against stakes book and retail mortgage supported lending under the name of Aspire Home findnce. Motilal Oswal Financial Services Ltd was incorporated on May 18 2005 and received the certificate of commencement of business on June 3 2005. The company was established to offer financial services and products. In the year 2006 Motilal Oswal Securities Ltd became a subsidiary of the company upon acquisition of shares of MOSL from the promoters Motilal Oswal and Raamdeo Agrawal and some members of promoter group. Also Motilal Oswal Commodities Broker Pvt Ltd became an associate of the company upon accession of percentages from promoter. During the year the corporation amassed Motilal Oswal Venture Capital Advisors Pvt Ltd and Motilal Oswal Investment Advisors Pvt Ltd from expounder Motilal Oswal and Raamdeo Agrawal and therefore those firms became the subordinates of the company. Also Motilal Oswal Securities Ltd obtained consumer liberties and other aids of Peninsular Capital Markets Limited broking entity established in Kerala. During the year 2007-08 the company enforced an entirely automated web-based back bureau entreaty for mutual fund dispersion which can be accessed across the nation. Also Motilal Oswal Capital Markets Pvt. Ltd evolved the subsidiary of Motilal Oswal Securities. During the year the corporation made a Preliminary Public Offer (IPO) of 2982710 equity shares of Rs 5 each in the price band of Rs 725 – Rs 825 per share. The issue constituted 10.50% of the paid-up share capital of the company. The Shares were allocated on September 5 2007 and got documented on Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd on 11th September 2007.During the year 2008-09 Antop Traders Pvt Ltd became the subsidiary of Motilal Oswal Securities Ltd and in turn subsidiary of the company. Subsequent to the year-end Motilal Oswal Insurance Brokers Pvt Ltd and Motilal Oswal Asset Management Company Ltd became the subsidiaries of the company.During the year the company and Passionate Investment Management Pvt Ltd received in-principle approval from the Securities Exchange Board of India (SEBI) for arranging a mutualal fund business in India.