Motilal Oswal expands its vertical; announces the third tower in Ahmedabad, Gujarat
Mumbai/Ahmedabad 14thSeptember 2023: Motilal Oswal Financial Services has purchased a new property in Ahmedabad. This will be built as “The Motilal Oswal Tower 3”and is based in the heart of Ahmadabad’s financial hub.
Commenting on the purchase of the property in Ahmedabad, Motilal Oswal, Group Managing Director and CEO of Motilal Oswal Financial Services Ltd said, “This purchase underscores the pivotal business-focused decision behind our rapid expansion in India's thriving Financial Hub, Ahmedabad. The acquisition of the prime property in this dynamic city, to be known as "The Motilal Oswal Tower 3," strategically positions us at the heart of Ahmedabad's financial epicentre. This move reaffirms our unwavering commitment to serving the local client base and nurturing local talent while simultaneously providing enhanced services for our Gujarat-based customers.”
The Motilal Oswal Tower 3 is a spacious property spread across a plot area of 2270 sq meters with a total built-up area of over 1 lakh square feet. The tower will have 12 floors and two basements, providing ample parking space for over 130 cars and 200 bikes. The tower is strategically located and is just 25 minutes away from the Airport and 20 minutes from the railway station. The nearest Metro station is just 1.5 kms away. Luxury hotels like the Hyatt and the Taj are in close proximity to the Tower.
Motilal Oswal is present in Ahmedabad through branches and subsidiaries of its various business verticals for past many years. With the completion of Motilal Oswal Tower 3, all major branches and offices of all business verticals of MOFSL will shift to the Tower.
Headquartered in Mumbai, Motilal Oswal Financial Services has a presence in 2500 centres through branches. The company has decided to expand its presence in major cities and plans to open offices at other cities. The company has already mark its presence with Motilal Oswal Tower 2 in Bengaluru.
About Motilal Oswal Financial Services Limited
MOFSL is a financial services company. Its offerings include capital markets businesses (Retail broking, Institutional broking & Investment banking), Asset & Wealth Management (Asset Management, Private Equity & Wealth Management), Housing Finance & Equity based treasury investments. MOFSL employs ~9,800 employees serving to 56lakh clients via distribution reach in 550+ cities. MOFSL has AUA of Rs 3.8lakh crore.
For further contact details:
Rohini Kute
Head, Corporate Communication,
Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com