Motilal Oswal Financial Services Limited

BSE: 532892 NSE: MOTILALOFS
Motilal Oswal Financial Services Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L67190MH2005PLC153397 Incorporated 18 May 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MOTILALOFS · BSE: 532892 Public Limited Company financial services Fortune India 500 · #306 Nifty 500
Revenue · FY 2025-26
₹9,381.37 Cr
▲ 12.5% YoY
EBITDA · FY 2025-26
₹3,877.07 Cr
▼ 14.7% YoY
Net profit · FY 2025-26
₹1,860.46 Cr
▼ 25.6% YoY
Net worth · FY 2025-26
₹12,888 Cr
Latest filings
Authorised capital
₹174 Cr
Registered with MCA
Paid-up capital
₹60.3 Cr
Issued & subscribed
Open charges
₹24,373 Cr
Satisfied ₹3,406.5 Cr
Company age
21 yrs
Est. 2005

About Motilal Oswal Financial Services Limited

Data last updated:

Motilal Oswal Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 May 2005 and has been in existence for over 21 years.

Motilal Oswal Financial Services is ranked #306 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Motilal Oswal is #184 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67190MH2005PLC153397. Its GSTIN is 27AAECM2876P1ZR (Maharashtra). The company holds 23 GST registrations, of which 22 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532892 and NSE: MOTILALOFS.

The company has an authorised share capital of ₹174 Cr and a paid-up capital of ₹60.3 Cr. It is led by directors including Navin Hariprasad Agarwal (Managing Director) and Motilal Gopilal Oswal (Managing Director).

Its last annual general meeting (AGM) was held on 14 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹9,381.37 Cr, a growth of 12.5% compared to the previous year. For the same year it recorded a net profit of ₹1,860.46 Cr (net margin 19.8%) and EBITDA of ₹3,877.07 Cr (EBITDA margin 41.3%). The net worth stands at ₹12,888 Cr (up 16.3% YoY). Total assets are valued at ₹34,207 Cr (up 32.3% YoY).

The company has about 6,199 employees on its provident fund (EPFO) records. Its group structure includes 14 subsidiaries.

The company is associated with 7 brands, including Motilal Oswal Private Wealth, Motilal Oswal, Motilal Oswal Financial Services, Research 360, Motilal Oswal Alternates and others. As per MCA filings, the company has open charges of ₹24,373 Cr and satisfied charges of ₹3,406.5 Cr on record. Court records list 315 cases involving the company, including 164 filed by the company and 151 filed against it; 142 cases are pending. The company has 50 deals on record (29 market trades, 11 funding rounds, 8 secondary share transfers), with disclosed funding of ₹397.59 Cr; the latest was in September 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website motilaloswal.com.

Company details

CIN L67190MH2005PLC153397
Registration Number 153397
Incorporation Date 18 May 2005
ROC Mumbai
Listing Status Listed - Listed on NSE (MOTILALOFS); Listed on BSE (532892)
Company Status Active
Compliance Status Active Compliant

CIN history

Motilal Oswal Financial Services has one previous CIN (Corporate Identification Number): U67190MH2005PLC153397. The current CIN is L67190MH2005PLC153397, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L67190MH2005PLC153397Current
U67190MH2005PLC153397Previous
Key People
Navin Hariprasad Agarwal Managing Director Motilal Gopilal Oswal Managing Director Ajaykumar Sreedhara Menon Whole-Time Director

Recognitions & Rankings of Motilal Oswal Financial Services

Fortune India 500 2025 edition
Rank#306
Total income
₹8,417 Cr
Profit
₹2,502 Cr
Last year #318
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#112
Valuation
₹59,740 Cr
2023 #265 2022 #324 2021 #264
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

Contact details

Motilal Oswal Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is motilaloswal.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    motilaloswal.com
  • Social Media
  • Registered Address
    Motilal Oswal Tower Rahimtullah Sayani Opposite Parel St Depot Prabhadevi Mum, Bai – 400025, Mumbai, Maharashtra, India – 400025
  • Industry
    Financial Services, NBFC

To see the full contact details of Motilal Oswal Financial Services Limited, buy the company report.

Comprehensive company report
Motilal Oswal Financial Services Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Motilal Oswal Financial Services operates multiple associated brands including Motilal Oswal Private Wealth, Motilal Oswal, and Motilal Oswal Financial Services. Each brand links to its own profile.

BrandDescriptionWebsite
Motilal Oswal Private Wealth
Offers comprehensive wealth management services, including portfolio advisory and financial planning.motilaloswalpwm.com
Motilal Oswal
Online share trading and investment services are provided.motilaloswal.com
Motilal Oswal Financial Services
Diversified investment and advisory services are provided to clients.motilaloswalgroup.com
Research 360
Technical and fundamental research analysis solution for stock market investorsresearch360.in
Motilal Oswal Asset Management Company
Mutual funds, equity portfolios, and ETFs are managed in India.motilaloswalmf.com
Motilal Oswal Private Equity
Private equity investment firm focused on growth stage companiesmotilaloswalpe.com
Motilal Oswal Alternates
Motilal Oswal Alternates is engaged in alternative investment management.motilaloswalalt.com

Business activity

The main business activities of Motilal Oswal Financial Services are financial and insurance activities and financial and insurance service. In detail, this covers financial service activities, except insurance and pension funding and other financial activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance activities64Financial service activities, except insurance and pension funding
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Motilal Oswal Financial Services Limited, buy the company report.

Financials of Motilal Oswal Financial Services Limited

FY 2025-26 filings available

Motilal Oswal Financial Services Limited reported revenue of ₹9,381.37 Cr (up 12.5% YoY) for FY 2025-26.

Revenue · FY 2025-26
₹9,381.37 Cr ▲ 12.5%
Profit · FY 2025-26
₹1,860.46 Cr ▼ 25.6%
Computed EBITDA · FY 2025-26
₹3,877.07 Cr ▼ 14.7%
Revenue₹ Cr · Consolidated05,00010,000FY 2019-20: ₹2,358 Cr2,358FY 2019-20FY 2020-21: ₹3,626 Cr · +53.8% YoY3,626+53.8%FY 2020-21FY 2021-22: ₹4,298 Cr · +18.5% YoY4,298+18.5%FY 2021-22FY 2022-23: ₹4,178 Cr · -2.8% YoY4,178-2.8%FY 2022-23FY 2023-24: ₹7,069 Cr · +69.2% YoY7,069+69.2%FY 2023-24FY 2024-25: ₹8,340 Cr · +18% YoY8,340+18%FY 2024-25FY 2025-26: ₹9,381 Cr · +12.5% YoY9,381+12.5%FY 2025-26
Net Profit₹ Cr · Consolidated01,0002,0003,000FY 2019-20: ₹183 Cr183FY 2019-20FY 2020-21: ₹1,329 Cr · +626.9% YoY1,329+626.9%FY 2020-21FY 2021-22: ₹1,310 Cr · -1.5% YoY1,310-1.5%FY 2021-22FY 2022-23: ₹932 Cr · -28.9% YoY932-28.9%FY 2022-23FY 2023-24: ₹2,442 Cr · +162.1% YoY2,442+162.1%FY 2023-24FY 2024-25: ₹2,502 Cr · +2.4% YoY2,502+2.4%FY 2024-25FY 2025-26: ₹1,860 Cr · -25.6% YoY1,860-25.6%FY 2025-26
Quarterly Revenue₹ Cr · vs same quarter last year02,0004,000Dec 2024: ₹1,993 Cr1,993Dec 2024Mar 2025: ₹1,190 Cr1,190Mar 2025Jun 2025: ₹2,737 Cr · +18.3% YoY2,737+18.3%Jun 2025Sep 2025: ₹1,850 Cr · -34.9% YoY1,850-34.9%Sep 2025Dec 2025: ₹2,112 Cr · +5.9% YoY2,112+5.9%Dec 2025Mar 2026: ₹2,676 Cr · +124.8% YoY2,676+124.8%Mar 2026Jun 2026: ₹3,426 Cr · +25.2% YoY3,426+25.2%Jun 2026Sep 2026: ₹3,042 Cr · +64.4% YoY3,042+64.4%Sep 2026
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue from Operations₹9,381.37 Cr₹8,339.54 Cr₹7,069.35 Cr₹4,177.76 Cr₹4,298.05 Cr₹3,625.93 Cr₹2,357.88 Cr
Other Income₹42.08 Cr₹77.68 Cr₹61.17 Cr₹19.36 Cr₹21.78 Cr₹8.19 Cr₹7.53 Cr
Cost of Materials Consumed₹1,424.69 Cr------
Employee Benefit Expense₹1,972.84 Cr₹1,741.39 Cr₹1,329.81 Cr₹1,008.38 Cr₹867.58 Cr₹643.58 Cr₹539.8 Cr
Finance Costs₹1,336.41 Cr₹1,298.46 Cr₹1,014.14 Cr₹595.83 Cr₹478.19 Cr₹430.28 Cr₹494.47 Cr
Depreciation & Amortisation₹110.67 Cr₹98.76 Cr₹82.58 Cr₹58.38 Cr₹48.26 Cr₹47.52 Cr₹39.71 Cr
Other Expenses₹504.19 Cr₹526.36 Cr₹360.75 Cr₹289.39 Cr₹241.79 Cr₹169.69 Cr₹159.87 Cr
Total Expenses₹5,504.3 Cr₹3,793.74 Cr₹3,001.92 Cr₹2,300.66 Cr₹2,177.57 Cr₹1,697.9 Cr₹1,546.04 Cr
Profit Before Tax₹2,472.07 Cr₹3,226.26 Cr₹3,031.88 Cr₹1,242.25 Cr₹1,615.81 Cr₹1,458.42 Cr₹285.19 Cr
Total Tax Expense₹599.61 Cr₹718.08 Cr₹586.26 Cr₹309.43 Cr₹305.09 Cr₹255.46 Cr₹69.79 Cr
Net Profit₹1,860.46 Cr₹2,501.53 Cr₹2,441.82 Cr₹931.69 Cr₹1,309.74 Cr₹1,329.33 Cr₹182.88 Cr
EBITDA (computed)₹3,877.07 Cr₹4,545.8 Cr₹4,067.43 Cr₹1,877.1 Cr₹2,120.48 Cr₹1,928.03 Cr₹811.84 Cr
Basic EPS₹31.06₹41.74₹163.83₹62.99₹87.85₹84.88₹12.38
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Total Assets₹34,207 Cr₹25,862 Cr₹22,556 Cr₹16,561 Cr₹11,853 Cr₹10,187 Cr₹7,749.82 Cr
Current Assets₹18,473 Cr₹13,747 Cr₹14,621 Cr₹10,479 Cr₹6,913.72 Cr₹5,248.38 Cr₹2,490.32 Cr
Property, Plant & Equipment₹768.67 Cr₹753.87 Cr₹603.25 Cr₹465.81 Cr₹356.66 Cr₹350.33 Cr₹333.35 Cr
Inventories₹0₹0₹0₹0₹0₹0₹0
Trade Receivables₹4,058.11 Cr₹2,403.6 Cr₹1,918.12 Cr₹1,029.09 Cr₹1,003.09 Cr₹911.23 Cr₹745.53 Cr
Cash & Equivalents₹13,483 Cr₹10,498 Cr₹12,071 Cr₹8,836.91 Cr₹5,315.25 Cr₹3,497.78 Cr₹1,377.95 Cr
Equity (Net Worth)₹12,888 Cr₹11,079 Cr₹8,731.77 Cr₹6,252.24 Cr₹5,674.37 Cr₹4,461.42 Cr₹3,086.3 Cr
Equity Share Capital₹60.19 Cr₹59.93 Cr₹14.9 Cr₹14.79 Cr₹14.91 Cr₹14.85 Cr₹14.81 Cr
Total Debt (computed)₹21,255 Cr₹14,732 Cr₹13,787 Cr₹10,278 Cr₹6,152.49 Cr₹5,693.29 Cr₹4,626.93 Cr
Current Liabilities₹8,779.51 Cr₹7,613.2 Cr₹8,918.97 Cr₹6,238.68 Cr₹4,882.23 Cr₹3,799.09 Cr₹2,333.79 Cr
Total Liabilities₹34,207 Cr₹25,862 Cr₹22,556 Cr₹16,561 Cr₹11,853 Cr₹10,187 Cr₹7,749.82 Cr
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Operating Cash Flow-₹6,070.7 Cr₹1,214.73 Cr-₹349.64 Cr-₹3,057.9 Cr₹1,010.67 Cr-₹138.68 Cr₹951.72 Cr
Investing Cash Flow-₹958.49 Cr-₹1,077.28 Cr-₹246.79 Cr-₹273.72 Cr-₹447.39 Cr-₹273.38 Cr-₹352.56 Cr
Financing Cash Flow₹6,153.99 Cr₹745.01 Cr₹3,305.79 Cr₹3,770.39 Cr₹282.18 Cr₹860.63 Cr-₹129.32 Cr
Net Change in Cash-₹875.2 Cr₹882.46 Cr₹2,709.36 Cr₹438.77 Cr₹845.46 Cr₹448.57 Cr₹469.84 Cr
MetricsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue from Operations₹3,041.67 Cr₹3,425.76 Cr₹2,676.2 Cr₹2,111.66 Cr₹1,849.86 Cr₹2,737.03 Cr₹1,190.26 Cr₹1,993.42 Cr₹2,841.06 Cr₹2,314.31 Cr
Other Income₹2.09 Cr₹6.47 Cr₹16.05 Cr₹8.5 Cr₹10.76 Cr₹7.12 Cr₹18.29 Cr₹25.65 Cr₹15.38 Cr₹18.85 Cr
Total Income₹3,041.67 Cr₹3,425.76 Cr₹2,676.2 Cr₹2,111.66 Cr₹1,849.86 Cr₹2,737.03 Cr₹1,190.26 Cr₹1,993.42 Cr₹2,841.06 Cr₹2,314.31 Cr
Finance Costs₹475.88 Cr₹414.24 Cr₹387.72 Cr₹336.38 Cr₹317.39 Cr₹294.92 Cr₹298.49 Cr₹319.15 Cr₹354.29 Cr₹326.54 Cr
Depreciation & Amortisation₹29.65 Cr₹27.89 Cr₹27.65 Cr₹29.11 Cr₹27.77 Cr₹26.14 Cr₹26.22 Cr₹27.3 Cr₹23.41 Cr₹21.84 Cr
Profit Before Tax₹1,332.67 Cr₹1,533.85 Cr-₹194.45 Cr₹748.43 Cr₹505.51 Cr₹1,405.59 Cr-₹26.66 Cr₹740.66 Cr₹1,453.67 Cr₹1,058.6 Cr
Total Tax Expense₹251.31 Cr₹260.14 Cr₹24.66 Cr₹182.26 Cr₹142.95 Cr₹249.75 Cr₹36.52 Cr₹174.66 Cr₹331.87 Cr₹175.02 Cr
Net Profit₹1,081.36 Cr₹1,273.71 Cr-₹219.11 Cr₹566.17 Cr₹362.56 Cr₹1,155.84 Cr-₹63.18 Cr₹566 Cr₹1,121.8 Cr₹883.58 Cr
EBITDA (computed)₹1,836.11 Cr₹1,969.51 Cr₹204.87 Cr₹1,105.42 Cr₹839.91 Cr₹1,719.53 Cr₹279.76 Cr₹1,061.46 Cr₹1,815.99 Cr₹1,388.13 Cr
Basic EPS₹17.68₹20.77₹-3.69₹9.21₹5.97₹19.10₹-1.08₹9.26₹18.44₹14.58
Latest 10 quarters shown.
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue from Operations₹4,759.17 Cr₹5,359.47 Cr₹4,562.81 Cr₹2,666.31 Cr₹2,579.35 Cr₹2,198.08 Cr₹1,269.59 Cr
Other Income₹130.47 Cr₹118.86 Cr₹80.99 Cr₹26.4 Cr₹36.11 Cr₹26.54 Cr₹36.8 Cr
Employee Benefit Expense₹1,130.51 Cr₹1,086.44 Cr₹815.36 Cr₹610.95 Cr₹528.88 Cr₹385.88 Cr₹311.71 Cr
Finance Costs₹838.38 Cr₹812.19 Cr₹466.36 Cr₹217.33 Cr₹162.16 Cr₹127.7 Cr₹129.24 Cr
Depreciation & Amortisation₹96.5 Cr₹87.39 Cr₹72.03 Cr₹50.06 Cr₹38.76 Cr₹36.76 Cr₹29.84 Cr
Other Expenses₹354.64 Cr₹386.23 Cr₹270.12 Cr₹216.98 Cr₹180.91 Cr₹119.59 Cr₹94.59 Cr
Total Expenses₹2,819.27 Cr₹2,850.85 Cr₹2,313.15 Cr₹1,700.02 Cr₹1,550.41 Cr₹1,183.9 Cr₹953.21 Cr
Profit Before Tax₹1,135.49 Cr₹1,727.9 Cr₹1,792.26 Cr₹725.3 Cr₹864.13 Cr₹876.26 Cr₹194.1 Cr
Total Tax Expense₹212.98 Cr₹336.57 Cr₹301.88 Cr₹156.39 Cr₹157.31 Cr₹125.6 Cr-₹2.7 Cr
Net Profit₹922.5 Cr₹1,391.3 Cr₹1,491.16 Cr₹568.91 Cr₹706.78 Cr₹822.7 Cr₹196.21 Cr
EBITDA (computed)₹1,939.9 Cr₹2,508.62 Cr₹2,249.66 Cr₹966.29 Cr₹1,028.94 Cr₹1,014.18 Cr₹316.38 Cr
Basic EPS₹15.33₹23.22₹100.03₹38.47₹47.41₹50.55₹13.29
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Total Assets₹21,683 Cr₹15,832 Cr₹12,689 Cr₹8,190.19 Cr₹6,414.02 Cr₹5,696.12 Cr₹4,193.98 Cr
Current Assets₹16,529 Cr₹11,077 Cr₹11,332 Cr₹8,074.34 Cr₹5,234.28 Cr₹4,050.85 Cr₹1,878.71 Cr
Property, Plant & Equipment₹716.72 Cr₹716.17 Cr₹574.51 Cr₹434.55 Cr₹330.02 Cr₹325.86 Cr₹307.37 Cr
Inventories₹0₹0₹0₹0₹0₹0₹0
Trade Receivables₹3,576.96 Cr₹1,855.12 Cr₹1,466.28 Cr₹669.18 Cr₹666.21 Cr₹616.11 Cr₹478.31 Cr
Cash & Equivalents₹12,289 Cr₹8,654.36 Cr₹9,538.91 Cr₹7,161.15 Cr₹4,169.59 Cr₹2,718.67 Cr₹1,203.08 Cr
Equity (Net Worth)₹7,950.56 Cr₹7,116.87 Cr₹5,915.94 Cr₹4,453.54 Cr₹4,242.11 Cr₹3,616.58 Cr₹2,764.14 Cr
Equity Share Capital₹60.19 Cr₹59.93 Cr₹14.9 Cr₹14.79 Cr₹14.91 Cr₹14.85 Cr₹14.81 Cr
Total Debt (computed)₹13,732 Cr₹8,715.59 Cr₹6,773.23 Cr₹3,736.65 Cr₹2,171.91 Cr₹2,079.54 Cr₹1,429.84 Cr
Current Liabilities₹8,036 Cr₹6,285.9 Cr₹8,035.01 Cr₹5,617.73 Cr₹4,292.47 Cr₹3,314.07 Cr₹1,960.31 Cr
Total Liabilities₹21,683 Cr₹15,832 Cr₹12,689 Cr₹8,190.19 Cr₹6,414.02 Cr₹5,696.12 Cr₹4,193.98 Cr
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Operating Cash Flow-₹5,526.8 Cr₹607.2 Cr-₹498.38 Cr-₹1,332.16 Cr₹879.42 Cr-₹660.06 Cr₹784 Cr
Investing Cash Flow₹103.88 Cr-₹334.24 Cr-₹487.32 Cr₹29.85 Cr-₹356.91 Cr₹110.74 Cr-₹295.31 Cr
Financing Cash Flow₹4,643.42 Cr₹2,213.24 Cr₹3,201.94 Cr₹1,212.34 Cr-₹53.19 Cr₹442.87 Cr-₹70 Cr
Net Change in Cash-₹779.5 Cr₹2,486.2 Cr₹2,216.24 Cr-₹89.97 Cr₹469.32 Cr-₹106.45 Cr₹418.69 Cr
MetricsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue from Operations₹1,747.81 Cr₹1,775.7 Cr₹941.1 Cr₹1,221.36 Cr₹1,092.13 Cr₹1,505.2 Cr₹821.35 Cr₹1,237.84 Cr₹1,780.61 Cr₹1,517.56 Cr
Other Income₹31.81 Cr₹35.06 Cr₹36.81 Cr₹30.07 Cr₹33.48 Cr₹30.23 Cr₹30.35 Cr₹39.07 Cr₹23.06 Cr₹13.01 Cr
Total Income₹1,747.81 Cr₹1,775.7 Cr₹941.1 Cr₹1,221.36 Cr₹1,092.13 Cr₹1,505.2 Cr₹821.35 Cr₹1,237.84 Cr₹1,780.61 Cr₹1,517.56 Cr
Finance Costs₹320.32 Cr₹271.02 Cr₹260.97 Cr₹216.3 Cr₹184 Cr₹177.12 Cr₹198.72 Cr₹209.61 Cr₹211.93 Cr₹178.45 Cr
Depreciation & Amortisation₹25.84 Cr₹24.28 Cr₹24.09 Cr₹25.34 Cr₹23.82 Cr₹23.26 Cr₹23.02 Cr₹24.4 Cr₹20.56 Cr₹19.41 Cr
Total Expenses₹756.7 Cr₹733.39 Cr₹757.93 Cr₹688.88 Cr₹672.24 Cr₹700.96 Cr₹657.83 Cr₹673.54 Cr₹803.31 Cr₹714.17 Cr
Profit Before Tax₹676.76 Cr₹782.07 Cr-₹65.08 Cr₹320.91 Cr₹245.55 Cr₹634.09 Cr-₹27.87 Cr₹369.36 Cr₹767.87 Cr₹618.54 Cr
Total Tax Expense₹110.79 Cr₹117.1 Cr-₹16.15 Cr₹75.91 Cr₹51.25 Cr₹101.95 Cr-₹19.72 Cr₹79.97 Cr₹176.38 Cr₹99.94 Cr
EBITDA (computed)₹991.11 Cr₹1,042.31 Cr₹183.17 Cr₹532.48 Cr₹419.89 Cr₹804.24 Cr₹163.52 Cr₹564.3 Cr₹977.3 Cr₹803.39 Cr
Latest 10 quarters shown.

To see the full year-wise statements and ratios of Motilal Oswal Financial Services Limited, buy the company report.

Board of directors of Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services has 14 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ajaykumar Sreedhara Menon
Also directs: TM Investment Technologies Private Limited, Aarnavmenon LLP, Motilal Oswal Finsec Ifsc Limited and 2 more
Whole-Time Director21 Aug 20188 Years 2 MonthsCurrent
Raamdeo Ramgopal Agarawal
Also directs: Mo Alternate Investment Advisors Private Limited, Motilal Oswal Home Finance Limited, Motilal Oswal Foundation and 4 more
Director18 May 200521 Years 5 MonthsCurrent
Pankaj Bhansali
Also directs: Anjali Lifestyle Private Limited, Eqaro General Insurance Limited, Airpro Technology India Limited and 1 more
Director01 Jul 20206 Years 4 MonthsCurrent
Divya Sameer Momaya
Also directs: Motilal Oswal Home Finance Limited, D. S. Momaya & Co. LLP, Tarsons Products Limited and 4 more
Director01 Jul 20206 Years 4 MonthsCurrent
Navin Hariprasad Agarwal
Also directs: Navshital Consultants LLP, Gracious Advisors LLP, Opuleny Advisors and Consultants LLP and 5 more
Managing Director18 May 200521 Years 5 MonthsCurrent
Rajat Rajgarhia
Also directs: Motilal Oswal Custodial Services Private Limited, Motilal Oswal Finsec Ifsc Limited, Motilal Oswal Investment Advisors Limited
Whole-Time Director31 Jul 20206 Years 3 MonthsCurrent
Showing 6 of 14 current directors. View all directors

Auditor

Motilal Oswal Financial Services Limited is audited by Singhi & Co. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Singhi & Co.FY 2025302049E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 67.20%, foreign institutional investors hold 6.90%, domestic institutional investors hold 6.70% and retail and other public shareholders hold 19.20%.

Promoters: 67.20%DII (Domestic Institutional): 6.70%FII (Foreign Institutional): 6.90%Retail & Others: 19.20%
Sep 2026
QUARTER
67.20% Promoters
6.70% DII (Domestic Institutional)
6.90% FII (Foreign Institutional)
19.20% Retail & Others
Promoter holding - history
Now 67.20% · Sep 2026High 67.70% · Dec 2025Low 67.20% · Sep 2026
66%66.8%67.5%68.3%69%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.70%Mar 2026: 67.60%Jun 2026: 67.50%Sep 2026: 67.20%67.70%67.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters67.20%67.50%67.60%67.70%
Public32.80%32.50%32.40%32.30%

Charges & borrowings

Open charges
₹24,373 Cr
Satisfied charges
₹3,406.5 Cr
Breakdown by lending institutions
Others₹14,465.00 Cr
Hdfc Bank Limited₹3,788.00 Cr
Axis Bank Limited₹3,200.00 Cr
State Bank of India₹2,500.00 Cr
Citi Bank N.A.₹150.00 Cr
Others₹270.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Sep 2026101413682Others₹79 CrOpen
28 Apr 2026101286963Others₹600 CrOpen
13 Feb 2026101241785Others₹400 CrOpen
12 Dec 2025101217837Others₹300 CrOpen
11 Dec 2025101209869Others₹200 CrOpen

To see the full charge records of Motilal Oswal Financial Services Limited, buy the company report.

Total charge records: 61 View all charges

Deals & funding

Motilal Oswal Financial Services Limited has 50 deals on record (29 market trades, 11 funding rounds, 8 secondary share transfers), with disclosed funding of ₹397.59 Cr; the latest was in September 2026.

Total deals
50
Market trades
29
Funding rounds
11
Secondary share transfers
8
IPO
1
Disclosed funding
₹397.59 Cr

Deals on record (5 of 50)

WhenDealAmountParties
Jun 2026Market trade₹153.34 CrBuyer: HDFC Life Insurance Company Limited
Seller: Motilal Oswal Foundation , Motilal Oswal Healthcare Foundation
Jun 2025Market trade₹305.58 CrSeller: Motilal Oswal Foundation
Nov 2024Market trade₹35 CrBuyer: Tata Mutual Fund
Seller: Motilal Oswal Foundation
Feb 2022Market trade₹60.68 CrBuyer: Passionate Investment Management Private Limited
Seller: 2 individuals
Feb 2021Market trade₹40.26 CrBuyer: Passionate Investment Management Private Limited
Seller: 2 individuals

To see the full deal history of Motilal Oswal Financial Services Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Motilal Oswal Financial Services Limited was last rated by Indiarating on 11 May 2023.

Rating agencyRated onRating
Indiarating11 May 2023

To see the full credit ratings and regulatory alerts of Motilal Oswal Financial Services Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Motilal Oswal Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Motilal Oswal Financial Services has 14 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

14
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Motilal Oswal Finvest LimitedU65100MH2006PLC165469
Mo Alternate Investment Advisors Private LimitedU65100MH2007PTC170211
Motilal Oswal Capital LimitedU65100MH2016PLC285990
Motilal Oswal Home Finance LimitedU65923MH2013PLC248741
Motilal Oswal Finsec Ifsc LimitedU65929GJ2018PLC102209
Motilal Oswal Securities International Private LimitedU65929MH2011PTC219141

To see the full group structure of Motilal Oswal Financial Services Limited, buy the company report.

Employees & EPFO

Motilal Oswal Financial Services Limited has a workforce of 6,199 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
6,199
Active EPFO establishments
1
Employee growth
-18.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-276,199
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Motilal Oswal Financial Services Limited, buy the company report.

GST

Motilal Oswal Financial Services has 23 GST registrations: 22 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
23
Active
22
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAECM2876P1ZRMaharashtraActive01 Jul 2017
27AAECM2876P2ZQMaharashtraActive27 Nov 2024
23AAECM2876P1ZZMadhya PradeshActive01 Jun 2018
24AAECM2876P1ZXGujaratActive01 Jun 2018

To see the full GST registrations and return filing status of Motilal Oswal Financial Services Limited, buy the company report.

Recent activity

Motilal Oswal Financial Services Limited has 38 board changes on record since 2005: 26 appointments and 12 cessations. The latest: Smita Bhagat was appointed as Director on 01 Jul 2026.

Charges
A charge with Others of Rs. 1,500.00 Cr registered on 26 Jun 2018 with Charge ID 100190043 was modified on 17 Sep 2026.
Charges
A charge with Others amounted to Rs. 79.00 Cr with Charge ID 101413682 was registered on 16 Sep 2026.
Charges
A charge with Axis Bank Limited of Rs. 3,200.00 Cr registered on 20 Jul 2021 with Charge ID 100468526 was modified on 31 Aug 2026.
Charges
A charge registered on 12 Feb 2022 via Charge ID 100535489 with Others was fully satisfied on 17 Jul 2026.
AGM
Motilal Oswal Financial Services Limited last Annual general meeting of members was held on 14 Jul 2026 as per latest MCA records.
Charges
A charge with Others of Rs. 300.00 Cr registered on 04 Mar 2025 with Charge ID 101069456 was modified on 06 Jul 2026.
Appointed
Smita Bhagat was appointed as Director.
Appointed
Sunil Badriprasad Goyal was appointed as Director.
Charges
A charge with Others of Rs. 505.00 Cr registered on 22 Mar 2025 with Charge ID 101077753 was modified on 10 Jun 2026.
Charges
A charge registered on 18 May 2022 via Charge ID 100584627 with Others was fully satisfied on 08 Jun 2026.
Charges
A charge with Others of Rs. 927.00 Cr registered on 09 May 2024 with Charge ID 100923696 was modified on 04 Jun 2026.
Charges
A charge with Others of Rs. 600.00 Cr registered on 28 Apr 2026 with Charge ID 101286963 was modified on 22 May 2026.

135 earlier events are in the company report.

News

MOTILALOFS: Q2 REVENUE 30.4B RUPEES VS 18.49B (YOY)
29 Oct 2026 · Exchange Update
MOTILALOFS: Q2 CONS NET PROFIT 10.8B RUPEES VS 3.62B (YOY)
29 Oct 2026 · Exchange Update
MOTILALOFS: Q2 EBITDA 18.4B RUPEES VS 8.4B (YOY); Q2 EBITDA MARGIN 60.37% VS 45.42% (YOY)
29 Oct 2026 · Exchange Update

From our blog

Frequently asked questions

Motilal Oswal Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 18 May 2005 (21+ years old) and is registered under CIN L67190MH2005PLC153397. Listed on BSE: 532892 and NSE: MOTILALOFS.

Motilal Oswal Financial Services reported revenue of ₹9,381.37 Cr for FY 2025-26 (up 12.5% YoY) based on consolidated financials.

Motilal Oswal Financial Services has 14 current directors:

The latest financial statements of Motilal Oswal Financial Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Motilal Oswal Financial Services is 27AAECM2876P1ZR, registered in Maharashtra. The company has 23 GST registrations in all, of which 22 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECM2876P2ZQ (Maharashtra), 23AAECM2876P1ZZ (Madhya Pradesh), 24AAECM2876P1ZX (Gujarat).

The CIN (Corporate Identification Number) of Motilal Oswal Financial Services is L67190MH2005PLC153397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Motilal Oswal Financial Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 532892) and NSE (symbol: MOTILALOFS).

Motilal Oswal Financial Services has 315 court cases on record: 164 filed by the company and 151 filed against it. 142 are pending. Most are in the district courts.

Motilal Oswal Financial Services was incorporated on 18 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.

Motilal Oswal Financial Services has 50 deals on record (29 market trades, 11 funding rounds, 8 secondary share transfers), with disclosed funding of ₹397.59 Cr; the latest was in September 2026.