- Business
- Motilal Oswal Financial Services Limited (MOFSL) is a diversified Indian financial services company focused on wealth creation through equity research and broking, offering a comprehensive range of products and services including wealth management; institutional broking; private wealth management; retail broking and distribution in equities, derivatives, commodities, currencies, mutual funds, IPOs, SIPs, insurance products, fixed deposits, bonds, and NCDs; investment banking; private equity; asset management; portfolio management services; and home finance. Founded in 1987 by Motilal Oswal and Raamdeo Agrawal and headquartered at Motilal Oswal Tower in Mumbai, the company operates across more than 550 cities in India with over 2,500 business locations and a workforce exceeding 12,500 employees, serving a client base of retail investors, high-net-worth individuals, mutual funds, foreign institutional investors, financial institutions, and corporates. Recent developments include plans announced in September 2024 to expand operations in Bihar through new partnerships and a Patna office by December 2024; approval in late 2025 for a Rs 300 crore non-convertible debentures issuance to bolster funding; an upgraded long-term credit rating in November 2025 enhancing borrowing capacity; execution of agreements to acquire a stake in IL JIN Electronics; and investments by its alternates arm, including an IFC commitment to its fifth vintage fund in June 2025 and a $800 million private equity fund close in August 2025 targeting mid-market firms in consumer, financial services, manufacturing, and healthcare sectors.