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Knowledge First.

Motilal Oswal Financial Services (MOFSL), is a well-diversified financial services company focused on wealth creation through knowledge. The company was founded in 1987 as a small sub-broking unit with two promoters and a peon.

Today, we are a multi-faceted financial services company with a presence in over 550 cities through 2500+ business locations; ably managed by a team of over 7000 employees. This network of business locations coupled with people across business units and a diverse range of financial expertise works synergistically to provide a host of products and services across Retail and Institutional Broking, Private Wealth Management, Investment Banking, Private Equity, Asset Management and Home Finance. All these businesses are headquartered in a single location at Motilal Oswal Tower, Mumbai to provide sharing and synergy of knowledge under one roof.

Motilal Oswal Group has been conferred with ‘Brand of The Year’ at the CNBC TV18 Indian Business Leadership Awards 2018. We have also been recognized as Great Place to Work once again by Great Place To Work® Institute - India.

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As on 31st March, 2020
  • Motilal Oswal Managing Director and CEO - MOFSL

    Motilal Oswal is the Managing Director and CEO of Motilal Oswal Financial Services Ltd. (MOFSL). He is a Chartered Accountant and started the business along with co-promoter, Raamdeo Agrawal in 1987.

    Mr. Oswal has served on the Governing Board of the BSE, Indian Merchant’s Chamber (IMC) and has also served on various committees of BSE, NSE, SEBI and CDSL. He is the President of the Jain International Trade Organisation (JITO) and has been awarded the Rashtriya Samman Patra by the Government of India for being amongst the highest income tax payers in the country for a period of 5 years.

    For his work and contribution to the capital markets, Mr. Oswal has been felicitated with several awards and accolades including:

    •    ‘Excellent Business Achiever in Financial Services’ Award by the Institute of Chartered Accountants of India
    •    ‘Rajasthan Ratna Manav Seva’ Award by Manav Seva Trust
    •    ‘Special Contribution award to Indian Capital Markets’ Award by Zee Business
    •    ‘The Hall of Fame for Excellence in Franchising’ by Franchising World Magazine
    •    ‘Champion of Arthshastra’ by the Rotary Club
    •    ‘Durgadevi Saraf Puraskar’ by Marwadi Sammelan for extraordinary contributions in the field of Trade & Industry
    •    ‘Samaj Ratna’ Award at the hands of Her Excellency President Smt. Pratibhatai Patil in Rashtrapati Bhawan

    Mr Oswal has authored two books of quotations on ‘The Essence of Business & Management’ and ‘The Essence of Life’.

  • Raamdeo Agrawal Chairman - MOFSL

    Raamdeo Agrawal is the man behind the strong research capabilities at Motilal Oswal Financial Services Ltd. He is a Chartered Accountant and the Chairman of Motilal Oswal Financial Services Limited (MOFSL). A keen believer and practitioner of the QGLP philosophy, his wealth creation insights and decades-rich experience have played a pivotal role in MOFSL, transforming it from a small stock broking firm to a well-diversified financial services company.

    Mr. Agrawal is an Associate of Institute of Chartered Accountants of India and also a member of the National Committee on Capital Markets of the Confederation of Indian Industry. He has received the "Rashtriya Samman Patra" awarded by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99. He was also conferred with the ‘Special contribution to Indian Capital Market Award’ by Zee Business in 2011.

    Mr. Agrawal has been authoring the annual Motilal Oswal Wealth Creation Study since 1996. In 1986, he wrote the book ‘Corporate Numbers Game’, along with co-author, Ram K Piparia. He has featured on `Wizards of Dalal Street on CNBC TV 18` and also compiled a book of investing insights called ‘Wealth Creation Thoughts’.

  • Navin Agarwal Director - MOFSL

    Navin Agarwal is the Director of Motilal Oswal Financial Services Ltd & Managing Director & Chief Executive Officer of Motilal Oswal Asset Management Company Limited.

    He is a member of the Institute of Chartered Accountants of India, Institute of Cost and Works Accountants of India, Institute of Company Secretaries of India.

    He started his career as a Senior Analyst in 1994 and joined Motilal Oswal Securities in 2000. He has co-authored a book on stock markets "India`s Money Monarchs".

  • Shalibhadra Shah Associate Director & CFO - MOFSL

    Shalibhadra Shah is an Associate Director and CFO of Motilal Oswal Financial Services Ltd.
    He is a qualified Chartered Accountant from Institute of Chartered Accountants of India and Graduated from R.A. Podar College of Commerce & Economics.

    He joined MOFSL in 2006. Prior to joining MOFSL, he was leading the Taxation Role at an eminent CA Firm.

    Shalibhadra is a Finance professional with 17 years of experience spanning the entire gamut of Finance, Accounts, Taxation & Compliance.

    Besides being a Finance professional, Shalibhadra spends his spare time in Spiritual Development, Music & Enhancing Knowledge on Taxation.

  • Sudhir Dhar Executive Director - HR & Admin

    Sudhir Dhar is an Executive Director - HR & Admin for Motilal Oswal Financial Services Ltd.

    Sudhir brings with him over 20 years experience in Technical & HR field and has worked in various IT and Non Banking Financial Companies.

    He joined MOFSL in 2005 and prior to joining Motilal Oswal Financial Services Ltd, he was AGM – HR operations at Jetking Infotrain Ltd. Besides this, he has earlier served the nation in defense services.

    Sudhir Dhar is Post Graduate in HR from XLRI Jamshedpur apart being BE in Electronics & Telecommunication and BE in Industrial Engineering with specialization in HR.

    Besides being a hard core HR professional, Sudhir spares time to serve the society by delivering lecturers in various B-schools as a guest lecturer.

  • Ramnik Chhabra Executive Director - Marketing

    Ramnik Chhabra heads Marketing for MOFSL. He is an MBA FROM Symbiosis Pune and joined MOFSL in 2006. He has worked for 14 years in advertising at Grey Worldwide, Ogilvy & Mather and JWT. His last assignment was as Vice President & Strategic Planning Director, JWT Mumbai.

    Ramniks experience includes working on different brands for clients like P&G, Unilever, Oracle, General Motors, Tata Steel, Philips, HPCL, SBI-GE, DSP Merrill Lynch Mutual Fund, UTI Mutual Fund and Standard Chartered Bank.

    He has won an Effie (Ad Club Mumbai Ad Effectiveness Awards), Stevie ® (AMA International Business Awards) and Indian Marketing Association awards for work done on clients like Philips and HPCL.

    Ramnik is an avid trekker and music buff.