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About Motilal Oswal Financial Services

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Contributor · Jan 28, 2025, 11:55 PM · ⏱ 2 min read · 1 views
About Motilal Oswal Financial Services

NSE: MOFSL

MOFSL, Promoted by first-generation entrepreneurs Mr. Motilal Oswal (CEO) and Ramdeo Agarwal (Chairman), was incorporated in the year 1987. The company entered the market as a sub-broking unit and later diversified into providing financial services. The Company operates across 4 primary verticals: Capital market (47% of the total Revenue), Assets and private wealth management (27%), Treasury investments (19%), Housing Finance (8%) as of FY23-24 with the total revenue of β‚Ή7,131 Cr. FY 24.1

The company is also a SEBI registered category I merchant banker facilitating companies with IPO. It is registered on both NSE and BSE with a market capitalization of β‚Ή 58,292 Crores.3 MOFSL headquarter is in Mumbai, India.

MOFSL has achieved impressive coverage, with 98% of Indian pin codes included in its network. The company manages assets under advice totaling over β‚Ή5.7 lakh crore, serving more than 94 Lakh clients. To support these clients, MOFSL has a dedicated team of over 2,500 relationship managers and more than 100 research professionals.2

MOFSL reported having over 1.5 Lakh active clients across all its business segments, with a significant portion of 27% of its business coming from high-net-worth individuals catering to more than 8000 HNI and UHNI families.

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Notably, clients with a Depository Participant(DP) balance exceeding β‚Ή1 crore contribute to over 75% of the total DP balance, highlighting the company’s focus on premium clients. The company has an extensive geographical reach, with more than 2,500 business locations across India.2

In FY24, MOFSL launched the β€œRISE Super App”, integrating trading, investing, wealth management, and financial planning, with an AI-powered 'Growth Ka Chashma' feature to identify growth sectors and stocks using image recognition technology.2

MOFSL is the 8th largest broker ( Full-Service broker) in the country in terms of National Stock Exchange (NSE) active clients with a market share of 2.2% and 8,79,629 active clients as of October 2024.25

In FY23-24, MOFSL's revenue per employee stood at approximately β‚Ή50.69 lakhs, reflecting its strong business efficiency. The cost per employee, based on staff expenses, was around β‚Ή9.89 lakhs, highlighting effective cost management. This indicates a significant margin per employee, showcasing  operational productivity.

In FY23-24, the Average Daily Traded Volume (ADTV) for the equity markets was β‚Ή350 Lakh Crore, marking a significant 127% YoY growth from β‚Ή154 Lakh Crore in FY22-23. The futures market volume rose by 18% YoY to approximately β‚Ή1.4 Lakh Crore, whereas Options volume increased by 78% YoY to β‚Ή271 Lakh Crore, reflecting steady growth in derivatives trading activity, maintaining  an average client margin of β‚Ή33,621 crore in FY24.

MOFSL also showed client acquisition of 3,50,000 in the first half of FY25 and a retention rate of around 89.58% with increasing number of  long-standing clients.

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