About Motilal Oswal Wealth Limited
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Motilal Oswal Wealth Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Motilal Oswal Financial Services Limited. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 06 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67110MH2002PLC135075. Its GSTIN is 27AADCA3864A1Z1 (Maharashtra). The company holds 12 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹8.13 Lakh. It was formerly known as Motilal Oswal Wealth Management Private Limited and Motilal Oswal Wealth Management Limited. It is led by directors including Ashish Shanker (Managing Director) and Sandipan Roy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹488.46 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹151.38 Cr (net margin 31%) and EBITDA of ₹219.23 Cr (EBITDA margin 44.9%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 37% over five years.
The company has about 516 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Motilal Oswal Private Wealth. As per MCA filings, the company has open charges of ₹2,400 Cr on record. Court records list 14 cases involving the company, including 1 filed by the company and 13 filed against it; 9 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in March 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website motilaloswalpwm.com.
Company details
Name history
Motilal Oswal Wealth has undergone 3 name changes throughout its history. The company was previously known as Motilal Oswal Wealth Management Private Limited, Motilal Oswal Wealth Management Limited, and Antop Traders Private Limited. The current legal name is Motilal Oswal Wealth Limited.
| Company Name | Status |
|---|---|
| Motilal Oswal Wealth Limited | Current |
| Motilal Oswal Wealth Management Private Limited | Previous |
| Motilal Oswal Wealth Management Limited | Previous |
| Antop Traders Private Limited | Previous |
CIN history
Motilal Oswal Wealth has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67110MH2002PLC135075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67110MH2002PLC135075 | Current |
| U51909MH2002PTC135075 | Previous |
| U67110MH2002PTC135075 | Previous |
Contact details
Motilal Oswal Wealth Limited's registered office is in Mumbai, Maharashtra. Its website is motilaloswalpwm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMotilal Oswal Tower 6th Floor Rahimtullah Sayani Road Opposite Parel St Depot Prabhadev, I, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Financial Product Distributors, Portfolio Management Services
To see the full contact details of Motilal Oswal Wealth 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
Brands
Motilal Oswal Wealth operates one associated brand: Motilal Oswal Private Wealth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive wealth management services, including portfolio advisory and financial planning. | motilaloswalpwm.com |
Business activity
The main business activity of Motilal Oswal Wealth is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| 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 |
To see the full business activity and turnover split of Motilal Oswal Wealth Limited, buy the company report.
Financials of Motilal Oswal Wealth Limited
FY 2025 filings availableMotilal Oswal Wealth Limited reported revenue of ₹488.46 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 33% growth in the latest year. EBITDA rose 26% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹219.23 Cr | ||||
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| Net Profit (PAT) | ₹151.38 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.9% | ||||
| Net Profit Margin | 31% | ||||
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To see the full financial statements and ratios of Motilal Oswal Wealth Limited, buy the company report.
Board of directors of Motilal Oswal Wealth Limited
Motilal Oswal Wealth has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Kanaiyalal Joshi | Director | 21 Nov 2014 | 11 Years 11 Months | Current |
| Ajaykumar Sreedhara Menon Also directs: Aarnavmenon LLP, Motilal Oswal Financial Services Limited, Motilal Oswal Finsec Ifsc Limited and 2 more | Director | 20 Jan 2014 | 12 Years 9 Months | Current |
| Ashish Shanker Also directs: Maniramka Advisors and Consultants LLP, Shirsagar Ventures LLP, Southern Pyramid Growth LLP and 5 more | Managing Director | 10 Sep 2021 | 5 Years 2 Months | Current |
| Sandipan Roy Also directs: Shirsagar Ventures LLP, Kriti Partners LLP, Black Pyramid Venture Partners LLP and 1 more | Whole-Time Director | 12 Aug 2024 | 2 Years 3 Months | Current |
| Neetu Rakesh Juneja | Director | 25 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Motilal Oswal Wealth Limited is audited by PGS & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PGS & Associates | FY 2023 | 122384W |
Shareholding
The shareholding of Motilal Oswal Wealth Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Motilal Oswal Wealth Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101172691 | Others | ₹150 Cr | Open | |
| 26 Sep 2023 | 100788457 | Others | ₹100 Cr | Open | |
| 20 Jul 2021 | 100470739 | Axis Bank Limited | ₹2,150 Cr | Open |
To see the full charge records of Motilal Oswal Wealth Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Motilal Oswal Wealth Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in March 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Motilal Oswal Financial Services Limited Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Motilal Oswal Financial Services Limited Seller: Motilal Oswal Securities Limited |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: Motilal Oswal Securities Limited Seller: an individual |
| Jan 2013 | Funding round | ₹2.95 Cr | Investors: Motilal Oswal Securities Limited |
| Jun 2012 | Funding round | ₹1.82 Cr | Investors: Motilal Oswal Securities Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Motilal Oswal Wealth Limited has 14 court cases on record: 1 filed by Motilal Oswal Wealth, 13 filed against it. 9 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 10 | 8 |
| District courts | 4 | 3 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Ken Traders LLP (Erstwhile Ken Traders Private Limited) and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by MHL Infotech and Leasing Private Limited and 6 Other | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by Unique Estates Development Company Ltd and Anr and 1 other | 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 | Commercial suit | Filed against the company by Nirtex Exports and Investment Pvt. Ltd. and 2 Ors | Pending |
To see the full case history of Motilal Oswal Wealth 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 Wealth Limited was last rated by Icra on 28 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Dec 2021 |
To see the full credit ratings and regulatory alerts of Motilal Oswal Wealth Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Motilal Oswal Wealth Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Motilal Oswal Wealth Limited has a workforce of 516 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 516 |
| 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 Wealth Limited, buy the company report.
GST
Motilal Oswal Wealth has 12 GST registrations: 12 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA3864A1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCA3864A2Z0 | Maharashtra | Active | 06 Jan 2025 |
| 19AADCA3864A1ZY | West Bengal | Active | 26 Jul 2018 |
| 29AADCA3864A1ZX | Karnataka | Active | 22 Oct 2018 |
To see the full GST registrations and return filing status of Motilal Oswal Wealth Limited, buy the company report.
Recent activity
Motilal Oswal Wealth Limited has 16 board changes on record since 2008: 5 appointments and 11 cessations. The latest: Neetu Rakesh Juneja ceased to be Additional Director on 09 Dec 2024.
11 earlier events are in the company report.
News
Frequently asked questions
Motilal Oswal Wealth is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 06 March 2002 (24+ years old) and is registered under CIN U67110MH2002PLC135075.
Motilal Oswal Wealth has 5 current directors:
- Ashish Shanker - Managing Director
- Sandipan Roy - Whole-Time Director
- Harsh Kanaiyalal Joshi - Director
- Ajaykumar Sreedhara Menon - Director
- Neetu Rakesh Juneja - Director
The latest financial statements of Motilal Oswal Wealth on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Motilal Oswal Wealth is 27AADCA3864A1Z1, registered in Maharashtra. The company has 12 GST registrations in all, of which 12 are active. Other active GSTINs include 27AADCA3864A2Z0 (Maharashtra), 19AADCA3864A1ZY (West Bengal), 29AADCA3864A1ZX (Karnataka).
The CIN (Corporate Identification Number) of Motilal Oswal Wealth is U67110MH2002PLC135075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Motilal Oswal Wealth has 14 court cases on record: 1 filed by the company and 13 filed against it. 9 are pending. Most are in the high courts.
Motilal Oswal Wealth was incorporated on 06 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Motilal Oswal Wealth has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in March 2020.
Neetu Rakesh Juneja ceased to be Additional Director on 09 Dec 2024. Neetu Rakesh Juneja was appointed as Director on 25 Oct 2024. Sandipan Roy ceased to be Additional Director on 15 Sep 2024. Motilal Oswal Wealth has 16 board changes on record in total.
Motilal Oswal Wealth can be reached through the website motilaloswalpwm.com. Its registered office is in Mumbai, Maharashtra, India.
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