Major events in the history of Our Company:
 
 Year Events
 
 1996   Commencement of 'Wealth Creation Study' to identify the
 fastest wealth creating listed
 companies
 
 
 Mr. Motilal Oswal and Mr. Raamdeo Agrawal initially conducted
 business as sub-brokers. 
 Around 1990 Mr. Motilal Oswal acquired membership of the BSE.
 Subsequently, Vasant 
 Holding Private Limited (VHPL), a group company acquired the
 membership of the NSE 
 in 1994. On July 5, 1994, Deo Securities Private Limited was
 incorporated by Mr. Motilal 
 Oswal and Mr. Raamdeo Agrawal to carry on the business of stock
 broking and other 
 financial services.
 
 On August 22, 1995 Mr. Motilal Oswal and Mr. Raamdeo Agrawal
 incorporated another 
 company, Motilal Oswal Stock Brokers (I) Limited, for carrying on the
 broking and asset 
 management activities. The name Motilal Oswal Brokers (I) Limited was
 changed to Motilal 
 Oswal Securities Limited, on February 12, 1996. Pursuant to the order
 dated January 21, 
 1999 passed by the Hon'ble High Court of Judicature at Bombay,
 sanctioning the scheme 
 of amalgamation of VHPL with Motilal Oswal Securities Limited, the
 entire business and 
 undertakings and all properties, interests and assets of VHPL were
 transferred to
 Motilal Oswal Securities Limited.
 
 With a view to achieving better and more profitable utilisation of
 the primary and 
 secondary markets and also the growth in mutual fund industry,
 Motilal Oswal Securities 
 Limited was restructured. The retail and institutional stock broking
 division was hived off 
 to Deo Securities Private Limited along with its facilities of
 in-house equity research, 
 pursuant to the Scheme of Arrangement sanctioned by the Hon'ble High
 Court on October 
 19, 2000. Thus, Motilal Oswal Securities Limited continued to carry
 on the activities of
 investments, while Deo Securities Private Limited carried on the
 activity of stock broking.
 
 On November 30, 2000, Motilal Oswal Securities Limited was renamed
 Motilal Oswal 
 Investments Limited and subsequently changed to Motilal Oswal
 Investments Private 
 Limited on December 12, 2002. Deo Securities Private Limited was
 renamed as Deo 
 Securities Limited on November 14, 2000 and was subsequently changed
 to Motilal 
 Oswal Securities Limited and received fresh certificate of
 incorporation on November 
 30, 2000.
 
 2001   MOSL registered with SEBI as a Dealer of OTC Exchange of
 India
 
 2003   Commencement of portfolio management service by MOSL
 
 2004   Commencement of commodities broking business by MOCB
 
 2005   
 
 -Incorporation of the Issuer to offer financial services and
 products
 
 -The Issuer was incorporated under the Companies Act as Motilal Oswal
 Financial 
 Services Limited vide Certificate of Incorporation No. 11- 153397
 dated May 18, 
 2005 issued by the ROC and received the certificate of commencement
 of business 
 on June 3, 2005.
 
 2006   
 
 -MOSL became a subsidiary of MOFSL upon acquisition of shares of MOSL
 from the
 Promoters, Mr. Motilal Oswal and Mr. Raamdeo Agrawal and some members
 of the
 Promoter Group
 
 -MOCB became a subsidiary of MOFSL upon acquisition of shares from
 Promoter,PIMPL
 
 -New Vernon Private Equity Limited and Bessemer Venture Partners
 Trust subscribed to
 the equity shares and OCRPS of the Issuer
 
 -MOSL acquired the customer rights and other assets of:
 
 i. Peninsular Capital Markets Limited, (a broking entity based in
 Kerala);
         
 ii. Mani Stock Brokers Limited, (a broking entity based in Uttar
 Pradesh); and
 
 iii. Capital Deal Stock and Share Brokers, (a proprietary concern
 based in Karnataka).
 
 -MOIA was incorporated to conduct investment and merchant banking
 
 -MOVC was incorporated to conduct venture fund management and
 advisory services
 
 -MOVC and MOIA became the subsidiaries of the Issuer upon acquisition
 of shares from Promoter, Mr. Motilal Oswal and Mr. Raamdeo Agrawal
 
 -Motilal Oswal Investments Private Limited was renamed as Passionate
 Investment 
 Management Private Limited (PIMPL), and received a fresh certificate
 of incorporation 
 on February 23, 2006.
 
 2008
 
 - The Company has splits its face value from Rs5/- to Rs1/-.
 
 -Motilal Oswal`s India Business Excellence Fund raised USD 125
 million, 25% higher than the initial target of USD 100 million 
 
 
 2009
 
 -The 14th Motilal Oswal Wealth Creation Study presentation held in
 Mumbai in December 2009 and was covered live on CNBC TV18 
 
 -Motilal Oswal Financial Services purchased its new corporate office
 building based in Prabhadevi, the heart of Mumbai city with a planned
 usable area of over 2,00,000 sq ft
 
 -Motilal Oswal 5th Annual Global Investor Conference was held in
 Mumbai where around 80 Indian Corporates participated and over 400
 investors from all over the world attended 
 
 2010
 
 -The 15th Motilal Oswal Wealth Creation Study presentation was held
 in Mumbai on 15th December 2010 and was covered live on CNBC TV18 
 
 -Motilal Oswal 6th Annual Global Investor conference was held in
 Mumbai from August, 2010. Around 110 corporates participated in the
 conference and more than 500 investors attended it. 
 
 
 2011
 
 -Motilal Oswal in association with Zee Business, hosted the first of
 its series of seminars under its investors education initiative
 called Investor Ki Kahani Usi Ki Zubani on July 2, 2011 at BSE in
 Mumbai. The seminar saw a colossal turnout with more than 750
 investors attending the session. 
 
 -At the second ASIA’s BEST EMPLOYER BRAND AWARDS held in Singapore on
 22nd July, 2011, Motilal Oswal Financial Services bagged awards in two
 categories: Award for Excellence in HR through Technology & Award for
 Managing Health at Work 
 
 -Motilal Oswal Financial Services Ltd. was honoured with Best Capital
 Markets & Related NBFC Award for FY11 at the CNBC TV18 India Best
 Banks and Financial Institutions Awards, 2011 held in Mumbai. 
 
 
 2012
 
 -Motilal Oswal 8th Annual Global Investor Conference was held in
 Mumbai in August, 2012. Around 110 corporates participated in the
 conference and 2,500+ company-investor meetings..
 
 -Motilal Oswal Financial Services won the RETAILER OF THE YEAR
 (Banking & Financial Services) award at the Awards for Retail
 Excellence 2012 organised by Asia Retail Congress on Feb 14, 2012
 
 -Motilal Oswal Financial Services was honoured with ‘Best Employer
 Brand’ Award at the IPE Banking, Financial Services & Insurance
 Awards 2012 held in Mumbai on 30th June 2012
 
 -Motilal Oswal Financial Services was awarded the Best Use of Public
 Relations in the Financial Services Sector Award at the India PR &
 Corporate Communication Awards 2012 held in New Delhi on March 22,
 2012. Organized by Exchange4media, these are the biggest awards of
 its kind in India