Motilal Oswal Financial Services
Indian diversified financial services firm
Motilal Oswal Financial Services Limited is an Indian financial services company offering a range of financial products and services headquartered in Prabhadevi, Mumbai. The company was founded by Motilal Oswal and Raamdeo Agrawal in 1987.
The company was listed on the stock exchange on September 11,2007, after its initial public offering (IPO).
History
Motilal Oswal Financial Services was set up by Motilal Oswal and Raamdeo Agrawal as a broking house in 1987.
The company entered into investment banking in 2005, followed by private equity fund in 2006.
In February 2006, the company acquired Peninsular Capital Markets, a Cochin, Kerala based broking company for Rs. 35 crore. The company tied up with State Bank of India in 2006, Punjab National Bank in 2007 and Axis Bank in 2013 to offer online trading to its customers.
In 2007, the company went public via IPO; the IPO was featured as a case study in Harvard Business School.
In January 2010, the company set up a mutual fund business named as Motilal Oswal Asset Management Company (MOAMC).
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This entry incorporates text from “Motilal Oswal Financial Services” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.