Motilal Oswal Financial Services Ltd Okhla Delhi

The company was formed in 1987 by Motilal Oswal and Ramdeo Agrawal after they acquired membership on The BSE.[1] Motilal Oswal was elected director and joined the governing board of the Bombay Stock Exchange in 1998. Motilal Oswal Securities is a depository participant of the NSDL and the Central Depository Services Limited (CDSIL)[2] in 2000. The company started offering derivatives products and advisory services on both BSE as well as NSE in 2001[3] In 2006 the company entered private equity and investment banking.[3] In the same year, Motilal Oswal group acquired South Indian brokerage firm – Peninsular Capital Markets.[4] The company tied up with State Bank of India and Punjab National Bank[5] in 2006 and 2007 to offer online trading to its customers. 2008 saw the company create one of India's largest Equity[6] dealing and advisory rooms, spread over 26,000 sq ft (2,400 m2) in Malad, Mumbai.