About Motilal Oswal Securities Limited
Data last updated:
Motilal Oswal Securities Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Passionate Investment Management Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 05 July 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1994PLC079418. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹12 Cr and a paid-up capital of ₹1.32 Cr. It was led by directors including Harsh Kanaiyalal Joshi (Whole-Time Director) and Rekha Utsav Shah.
Its last annual general meeting (AGM) was held on 21 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹719.66 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹108.81 Cr (net margin 15.1%) and EBITDA of ₹227.48 Cr (EBITDA margin 31.6%).
Its group structure included 14 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹50 Cr on record. Court records list 476 cases involving the company, including 312 filed by the company and 164 filed against it; 59 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2017. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is Microcurves Trading Private Limited with revenue of ₹753.7 Cr.
The last known website on record is motilaloswal.com.
Company details
CIN history
Motilal Oswal Securities has one previous CIN (Corporate Identification Number): U65990MH1994PTC079418. The current CIN is U65990MH1994PLC079418, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1994PLC079418 | Current |
| U65990MH1994PTC079418 | Previous |
Contact details
Motilal Oswal Securities 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
- Registered AddressMotilal Oswal Tower Rahimtullah Sayani Road Opposite Parel St Depot Prabhadevi Mum, Bai – 400025, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Motilal Oswal Securities Limited, buy the company report.
- 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
Business activity
The main business activity of Motilal Oswal Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Motilal Oswal Securities Limited, buy the company report.
Financials of Motilal Oswal Securities Limited
FY 2017 filings availableMotilal Oswal Securities Limited reported revenue of ₹719.66 Cr (up 31% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 31% in the latest year. EBITDA rose 53% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹719.66 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹227.48 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹108.81 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 31.6% | ||
| Net Profit Margin | 15.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Motilal Oswal Securities Limited, buy the company report.
Board of directors and KMP of Motilal Oswal Securities Limited
Motilal Oswal Securities Limited currently reports 4 directors and 2 key managerial personnel. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalibhadra Navinchandra Shah Also directs: Momentum Capedge Limited | Cfo | 30 Apr 2016 | 10 Years 6 Months | As last reported |
| Harsh Kanaiyalal Joshi Also directs: Motilal Oswal Wealth Limited, Motilal Oswal Finvest Limited, Motilal Oswal Securities International Private Limited and 1 more | Whole-Time Director | 20 Oct 2015 | 11 Years 0 Months | As last reported |
| Ajaykumar Sreedhara Menon Also directs: Aarnavmenon LLP, Motilal Oswal Financial Services Limited, Motilal Oswal Finsec Ifsc Limited and 3 more | Ceo | 02 Nov 2015 | 11 Years 0 Months | As last reported |
| Rekha Utsav Shah Also directs: Analyze N Control Private Limited | Director | 30 Jan 2015 | 11 Years 9 Months | As last reported |
| Sudhir Dhar | Director | 20 Oct 2014 | 12 Years 0 Months | As last reported |
| Praveen Kumar Ramniranjan Tripathi Also directs: Indigo Paints Limited, Indevia Accounting Private Limited, Magic9 Media & Consumer Knowledge Private Limited and 2 more | Director | 31 Jul 2015 | 11 Years 3 Months | As last reported |
Peer comparison
Motilal Oswal Securities Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Microcurves Trading Private Limited | ₹753.7 Cr (FY 2025) | 50.0% | Gandhinagar, Gujarat, India | |||
| Geojit Financial Services Limited | ₹749.32 Cr (FY 2025) | 20.0% | Kochi, Kerala, India | |||
| Motilal Oswal Securities Limitedthis company | ₹719.66 Cr (FY 2017) | ₹108.81 Cr | 15.1% | 31.0% | Mumbai, Maharashtra, India | |
| GKK Capital Markets Private Limited | ₹711.82 Cr (FY 2025) | 83.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Motilal Oswal Securities Limited, buy the company report.
Auditor
Motilal Oswal Securities Limited is audited by Haribhakti & Co. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti & Co. LLP | FY 2017 | 103523W/W100048 |
Shareholding
The shareholding of Motilal Oswal Securities Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Motilal Oswal Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2011 | 10322482 | Icici Bank Limited | ₹50 Cr | Satisfied |
To see the full charge records of Motilal Oswal Securities Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Motilal Oswal Securities Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Motilal Oswal Financial Services Limited & Pratiksha Oswal, Motilal Oswal Financial Services Limited & Suneeta Agrawal, Motilal Oswal Financial Services Limited & Ajay Menon |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Motilal Oswal Financial Services Limited & Navin Agarwal, Motilal Oswal Financial Services Limited & Suneeta Agrawal, Motilal Oswal Financial Services Limited & Pratiksha Oswal Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Motilal Oswal Securities Limited has 476 court cases on record: 312 filed by Motilal Oswal Securities, 164 filed against it. 59 cases are pending and 417 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 277 | 75 | 26 |
| High courts | 191 | 84 | 32 |
| Supreme Court | 8 | 5 | 1 |
Cases on record (5 of 476)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Idea International Pvt Ltd | Pending |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed against the company by The New India Assurance Co. Ltd. Through Manager 87, Mahatma Gandhi Road ,Mumbai , Maharashtra and 2 others | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Afp Ideas and Execution Pvt.Ltd. | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Nirtex Exports and Investment Pvt. Ltd. and 2 Ors | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Afp Ideas and Execution Pvt.Ltd. | Disposed |
To see the full case history of Motilal Oswal Securities Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Motilal Oswal Securities Limited was last rated by Icra on 10 Sep 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Sep 2018 |
To see the full credit ratings and regulatory alerts of Motilal Oswal Securities Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Motilal Oswal Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Motilal Oswal Securities has 14 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Motilal Oswal Capital Limited | U65100MH2016PLC285990 | |
| Motilal Oswal Capital Limited | U65100MH2016PLC285990 | |
| Aspire Home Finance Corporation Limited | U65923MH2013PLC248741 | |
| Motilal Oswal Home Finance Limited | U65923MH2013PLC248741 | |
| Motilal Oswal Securities International Private Limited | U65929MH2011PTC219141 | |
| Motilal Oswal Securities International Private Limited | U65929MH2011PTC219141 |
To see the full group structure of Motilal Oswal Securities Limited, buy the company report.
GST
Motilal Oswal Securities has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Motilal Oswal Securities Limited, buy the company report.
Recent activity
Motilal Oswal Securities Limited has 13 board changes on record since 2009: 6 appointments and 7 cessations. The latest: Shalibhadra Navinchandra Shah was appointed as CFO on 30 Apr 2016.
6 earlier events are in the company report.
News
Frequently asked questions
Motilal Oswal Securities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Motilal Oswal Securities was a public limited company based in Mumbai, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 05 July 1994 and is registered under CIN U65990MH1994PLC079418. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Motilal Oswal Securities was incorporated on 05 July 1994. It is registered with the Registrar of Companies, Mumbai.
Motilal Oswal Securities had 6 directors and KMP:
- Harsh Kanaiyalal Joshi - Whole-Time Director
- Rekha Utsav Shah - Director
- Sudhir Dhar - Director
- Praveen Kumar Ramniranjan Tripathi - Director
- Shalibhadra Navinchandra Shah - Cfo
- Ajaykumar Sreedhara Menon - Ceo
The CIN (Corporate Identification Number) of Motilal Oswal Securities is U65990MH1994PLC079418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Motilal Oswal Securities is at Motilal Oswal Tower Rahimtullah Sayani Road Opposite Parel St Depot Prabhadevi Mum, Bai – 400025, Mumbai, Maharashtra, India – 400025.
Motilal Oswal Securities can be reached through the website motilaloswal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Motilal Oswal Securities on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 21 August 2017. Year-wise statements from 2015 are in the company report.
No. Motilal Oswal Securities has 10 GST registrations on record and all of them are cancelled or inactive.
Motilal Oswal Securities operated in the financial services industry, in the brokerage and trading services segment.
Motilal Oswal Securities has 2 deals on record (2 secondary share transfers); the latest was in March 2017.
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