this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . may 2010 learn how and when to remove this template message motilal oswal financial services ltd type financial services industry finance founded mumbai india 1987 headquarters motilal oswal tower prabhadevi mumbai key people motilal oswal raamdeo agrawal services wealth management retail broking & distribution commodity broking asset management institutional broking private equity & investment banking services parent motilal oswal financial services ltd subsidiaries motilal oswal securities ltd motilal oswal investment services motilal oswal investment advisors pvt ltd motilal oswal private equity advisors pvt ltd motilal oswal asset management co. ltd aspire home finance corporation ltd. website www.motilaloswal.com motilal oswal financial services ltd. bse nifty nasdaq dow jones hang seng is a diversified financial services firm offering a range of financial products and services such as wealth management retail broking and distribution institutional broking asset management private equity investment banking commodity broking and home finance . 1 contents 1 background 2 awards and recognitions 3 anti reservation remarks by chairman of motilal oswal group 4 sebi judgement 5 see also 6 references 7 external links background edit the company was formed in 1987 by motilal oswal and raamdeo agrawal after they acquired membership on the bse . 2 motilal oswal was elected director and joined the governing board of the bombay stock exchange in 1998 . motilal oswal securities is a depository participant of nsdl 3 and a depository participant of central depository services limited cdsil 4 in 2000 . the company started offering derivatives products and advisory services on both bse as well as nse in 2001 5 in 2006 the company entered private equity and investment banking business . 5 in the same year motilal oswal group acquired south indian brokerage firm peninsular capital markets . 6 the company tied up with state bank of india and punjab national bank 7 in 2006 and 2007 to offer online trading to its customers . 2008 saw the company create one of india s largest equity 8 dealing & advisory rooms spread over 26 000 sq ft 2 400 m2 in malad mumbai . in january 2010 motilal oswal financial services through its subsidiary motilal oswal securities ltd. received the final certificate of registration approval from securities and exchange board of india sebi to set up a mutual fund business in the country . in january 2010 motilal oswal financial services through its subsidiary motilal oswal securities ltd. received the final certificate of registration approval from securities and exchange board of india sebi to set up a mutual fund business in the country . motilal oswal asset management company is registered with sebi as the investment manager for motilal oswal mutual fund . it was incorporated on november 14 2008 . moamc is a 100 % subsidiary of motilal oswal securities limited . it provides investment management and advisory services to investors based within and outside india and having portfolio management services business etfs and mutual funds . motilal oswal asset management company ltd. one of the fastest growing asset management companies in india and has recently crossed the 1 billion in equity assets under management aum mark in june 2015 registering itself into an elite club . 9 ahfcl is a subsidiary of motilal oswal securities limited mosl which is a part of motilal oswal financial services limited mofsl aspire home finance corporation limited ahfcl is a professionally managed housing finance company with unique combination of financially sound and technically experienced promoters who are well known in their domain for professional ethics and strong execution capabilities . the company has been rated crisil a stable by crisil for long term borrowings and icra a1 by icra for short term borrowings . as on dated total login number is 24 733 with amount of rs . 2882.16 crore out of this total sanctioned number 17 686 with amount of rs . 1954.95 crores . total disbursement till date rs . 1444.38 crore . company has received the most admired and valuable home finance company 2015 in the recently held indian leadership conclave award function. ; 10 financial services institution of the year award by assocham india at ict 4 development awards 2015 ; agency innovation of the year bfsi sector at the brand excellence awards 2015 presented by abp news . awards and recognitions edit motilal oswal wealth management ltd participated in the cnbc tv18 financial advisory awards 2014 15 ; and in the very first year of its participation has been adjudged best performing national financial advisor wealth distribution category . 11 motilal oswal securities won the best performing equity broker national award at cnbc tv18 financial advisor awards 2013 held in mumbai . 12 motilal oswal financial services ltd s analyst mr. jinesh gandhi won the best market analyst award for the categories equity auto at india s best market analyst awards 2013 organized by zee business . 13 motilal oswal securities was declared best equity broker at bloomberg utv financial leadership awards in april 2012 . 14 motilal oswal securities was awarded with best performing national financial advisor equity broker award in 2012 second time in succession . 15 16 motilal oswal financial services was honoured with an award for best use in pr in financial services category at india pr & corporate communications awards 2012 . 17 motilal oswal securities received best equity broking house award by bse ipf d & b equity broking awards 2011 18 motilal oswal mutual fund s most shares m50 etf was adjudged most innovative fund of the year by cnbc tv18 crisil mutual fund award 2011 19 cnbc tv18 awarded motilal oswal the best performing equity broker award in 2010 at cnbc tv18 financial advisor awards 2010 16 best capital markets & related nbfc award for fy11 by cnbc tv18 india best banks & financial institutions awards 2011 20 motilal oswal ib team won the asia pacific cross border deal of the year award in 2010 and the ceo ashutosh maheshvari got india m & a investment banker of the year award 21 motilal oswal securities ltd. rated as no. 1 broker in et now starmine analyst awards 2009 10 . 22 mosl awarded the best franchisor in financial services by franchisee . 23 world magazine 2008 for the second consecutive year . motilal oswal securities ltd. wins the best research as research showcase partner at researchbytes ic awards 2014 . the winners were selected from a poll of over 1500 fund managers analysts . 24 motilal oswal securities received two awards for its equity research in it and commodity forex segments at india s best market analyst awards 2014 india s biggest financial market awards also called as zee business awards 2014 . 25 motilal oswal securities won 2 awards at recently held cnbc tv18 financial advisory awards 2016 awarded for the 5th time as best equity broker national & awarded as best institution for financial education & inclusion by special jury . 26 anti reservation remarks by chairman of motilal oswal group edit on 2nd april 2016 mr. motilal oswal chairman of motilal oswal group tweeted anti reservation remarks . reservation which is provided to so called lower castes is a constitutional right . motilal oswal was criticized by many dalit organisations some of whom initiated protests against him on social media . there were also threats to boycott the motilal oswal group and to file a case against mr. motilal oswal under sc st act . 27 later mr. motilal oswal posted another tweet saying sorry . 28 sebi judgement edit the company had to pay 500 000 rupees as settlement as a consequence of their involvement in a series of ipo irregularities in the years 2003 2005 . 29 sebi had passed a general ad interim ex parte order dated april 27 2006 in connection with 21 ipos and had directed some depository participants including mosl not to open fresh demat accounts pending investigations . the said ad interim ex parte order was treated as a show cause notice by sebi . upon mosl showing cause and making representations sebi after hearing all relevant facts passed another interim order dated august 31 2006 removing the restriction on mosl in relation to opening of fresh demat accounts . an enquiry officer appointed by sebi had served a notice dated february 9 2007 on mosl under regulation 6 of the sebi procedure for holding enquiry and imposing penalties regulations 2002 dp enquiry notice in connection with the mosl s depository participant operations in relation to some of the 21 ipos referred to in the ad interim ex parte order dated april 27 2006 . the dp enquiry notice required mosl to show cause as to why action ought not to be taken for i allegedly aiding and abetting various allottees who opened fictitious demat accounts and ii alleged breach of know your client norms and a consequent breach of securities laws including the sebi dip guidelines . mosl responded to the dp enquiry notice vide their letter dated april 3 2007 wherein it i demonstrated in detail as to how it has complied with applicable sebi guidelines instructions and directions both in letter and in spirit ; and ii presented detailed findings of an independent auditor empanelled with sebi . subsequently sebi vide their letter dated november 3 2009 has forwarded the enquiry report dated october 23 2009 and has asked mosl to file its reply or apply for consent order . accordingly mosl has expressed its intention to apply for consent terms vide letter dated november 26 2009 . the high powered advisory committee of sebi recommended the case for settlement on payment of rs . 5 00 000 towards settlement charges . mosl paid the above amount and accordingly sebi has disposed off the pending inquiring proceedings against mosl . 30 see also edit list of private equity firms references edit 1 home about us milestone . motilal oswal official website depository participants retrieved 2009 12 10 depository participants with cdsl retrieved 2009 12 11 a b corporate information history and milestone corporate history company milestone corporate history . motilaloswal.com . retrieved on 2012 05 06 . motilal oswal opens new dealing room in mumbai . business line 2008 03 12 mofsl receives final sebi nod to set up mutual fund business . pressreleasepoint 2010 01 06 . retrieved on 2012 05 06 . starmine honours country s best analysts retrieved 2009 12 12 2 3 4 5 6 7 8 a b 9 maruti corporate voice shine at pr awards . exchange4media.com 2012 03 23 . retrieved on 2012 05 06 . 10 11 12 13 14 motilal oswal securities wins franchise award 08 retrieved 2009 12 12 15 16 17 anti reservation remarks by chairman of motilal oswal group . file a complaint under sc st act http drambedkarbooks.com 2016 04 02 anti reservation remarks by chairman of motilal oswal group file a complaint under scst act anti reservation remarks by chairman of motilal oswal group . file a complaint under sc st act http drambedkarbooks.com 2016 04 02 anti reservation remarks by chairman of motilal oswal group file a complaint under scst act ipo scam . mumbai the financial express . 2010 05 10 . retrieved 2012 05 21 . 18 external links edit motilal oswal retrieved from https en.wikipedia.org w index.php title motilal oswal group & oldid 734567943 categories financial services companies of indiacompanies based in mumbaihidden categories wikipedia articles with possible conflicts of interest from may 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print