Motilal Oswal Financial Services Ltd
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
About
Motilal Oswal Financial Services Ltd. was founded in 1987 is a well-diversified financial services firm. The company has a network spread 550+ cities and towns comprising 2,500+ Business Locations operated by their Business Partners and 16,00,000+ customers.
Key Points
MOFSL Group ServicesMOFSL Group offers services in
- Capital markets: This includes services of Broking and distribution, Institutional Equities, and Investment Banking.
- Asset and Wealth Management: ** This includes services of Asset Management Co., Private Equity & Real Estate and Wealth Management.
- Housing Finance: MOFSL is into Broking & Distribution and Institutional Equities services
MOFSL is amongst the top 3 brokers in terms of Gross Brokerage.
Revenue Split H1FY24
Capital Markets: 71% (54% rev earned from Brokerage)
Asset & Wealth Management: 18%
Housing Finance: 11%
Operational Metrics Q2FY24
AUM: Rs. 4,10,000 crs
Lending Book: Rs. 10,500 crs.
Clients: 60 crs.
- Capital Markets: Demat accounts increased ~3x from 47 mn on Sep 20 to 130 mn on Sep 23.
- Asset & Wealth Management: Wealth RMs increased from 123 in Sep 2021 to 221 in Sep 2023. 16 out of 19 Alternate schemes have outperformed the benchmark.
- Home Finance: New leadership team in place.
Donation for Charity
On July,23, the promoters, Mr. Motilal Oswal and Mr. Raamdeo Agarawal donated 5% each of the total share capital to charity.