MOTILAL OSWAL FIN Share price

History and background of Our CompanyThe Issuer was incorporated under the Companies Act as "Motilal Oswal Financial Services Limited" vide Certificate of Incorporation No. 11- 153397 dated May 18 2005 issued by the ROC and received the certificate of commencement of business on June 3 2005.The Issuer along with its Subsidiaries offers a diversified range of financial products and services such as retail wealth management including commodities broking portfolio management services and institutional broking investment banking services and venture capital management and advisory. Mr. Motilal Oswal and Mr. Raamdeo Agrawal initially conducted business as sub-brokers. Around 1990 Mr. Motilal Oswal acquired membership of the BSE. Subsequently Vasant Holding Private Limited (VHPL) a group company acquired the membership of the NSE in 1994. On July 5 1994 Deo Securities Private Limited was incorporated by Mr. Motilal Oswal and Mr. Raamdeo Agrawal to carry on the business of stock broking and other financial services.On August 22 1995 Mr. Motilal Oswal and Mr. Raamdeo Agrawal incorporated another company Motilal Oswal Stock Brokers (I) Limited for carrying on the broking and asset management activities. The name Motilal Oswal Brokers (I) Limited was changed to Motilal Oswal Securities Limited on February 12 1996. Pursuant to the order dated January 21 1999 passed by the Hon?ble High Court of Judicature at Bombay sanctioning the scheme of amalgamation of VHPL with Motilal Oswal Securities Limited the entire business and undertakings and all properties interests and assets of VHPL were transferred toMotilal Oswal Securities Limited.With a view to achieving better and more profitable utilisation of the primary and secondary markets and also the growth in mutual fund industry Motilal Oswal Securities Limited was restructured. The retail and institutional stock broking division was hived off to Deo Securities Private Limited along with its facilities of in-house equity research pursuant to the Scheme of Arrangement sanctioned by the Hon?ble High Court on October 19 2000. Thus Motilal Oswal Securities Limited continued to carry on the activities ofinvestments while Deo Securities Private Limited carried on the activity of stock broking.On November 30 2000 Motilal Oswal Securities Limited was renamed Motilal Oswal Investments Limited and subsequently changed to Motilal Oswal Investments Private Limited on December 12 2002. Deo Securities Private Limited was renamed as Deo Securities Limited on November 14 2000 and was subsequently changed to Motilal Oswal Securities Limited and received fresh certificate of incorporation on November 30 2000.Motilal Oswal Investments Private Limited was renamed as Passionate Investment Management Private Limited (PIMPL) and received a fresh certificate of incorporation on February 23 2006.Major events in the history of Our Company:Year Events1996 Commencement of ?Wealth Creation Study? to identify the fastest wealth creating listedcompanies2001 MOSL registered with SEBI as a Dealer of OTC Exchange of India2003 Commencement of portfolio management service by MOSL2004 Commencement of commodities broking business by MOCB2005 Incorporation of the Issuer to offer financial services and products2006 MOSL became a subsidiary of MOFSL upon acquisition of shares of MOSL from thePromoters Mr. Motilal Oswal and Mr. Raamdeo Agrawal and some members of thePromoter Group MOCB became a subsidiary of MOFSL upon acquisition of shares from Promoter PIMPL New Vernon Private Equity Limited and Bessemer Venture Partners Trust subscribed to the equity shares and OCRPS of the Issuer MOSL acquired the customer rights and other assets of: i. Peninsular Capital Markets Limited (a broking entity based in Kerala); ii. Mani Stock Brokers Limited (a broking entity based in Uttar Pradesh); and iii. Capital Deal Stock and Share Brokers (a proprietary concern based in Karnataka). MOIA was incorporated to conduct investment and merchant banking MOVC was incorporated to conduct venture fund management and advisory services MOVC and MOIA became the subsidiaries of the Issuer upon acquisition of shares from Promoter Mr. Motilal Oswal and Mr. Raamdeo Agrawal