Real-time Stock quotes, portfolio, LIVE TV and more.
0.1 (0.11%)
-0.4 (-0.45%) | Company History - Motilal Oswal Financial Services | |
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
| |
![]() | |
| Source : Dion Global Solutions Limited | |
![]() |