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Motilal Oswal Financial Services Ltd. Company History and Annual Growth Details

Major events in the history of Our Company:

Year Events

1996 Commencement of 'Wealth Creation Study' to identify the fastest wealth creating listed
companies


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 to
Motilal 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 of
investments, 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.

2001 MOSL registered with SEBI as a Dealer of OTC Exchange of India

2003 Commencement of portfolio management service by MOSL

2004 Commencement of commodities broking business by MOCB

2005

-Incorporation of the Issuer to offer financial services and products

-The 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.

2006

-MOSL became a subsidiary of MOFSL upon acquisition of shares of MOSL from the
Promoters, Mr. Motilal Oswal and Mr. Raamdeo Agrawal and some members of the
Promoter 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

-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.

2008

- The Company has splits its face value from Rs5/- to Rs1/-.

-Motilal Oswal`s India Business Excellence Fund raised USD 125 million, 25% higher than the initial target of USD 100 million


2009

-The 14th Motilal Oswal Wealth Creation Study presentation held in Mumbai in December 2009 and was covered live on CNBC TV18

-Motilal Oswal Financial Services purchased its new corporate office building based in Prabhadevi, the heart of Mumbai city with a planned usable area of over 2,00,000 sq ft

-Motilal Oswal 5th Annual Global Investor Conference was held in Mumbai where around 80 Indian Corporates participated and over 400 investors from all over the world attended

2010

-The 15th Motilal Oswal Wealth Creation Study presentation was held in Mumbai on 15th December 2010 and was covered live on CNBC TV18

-Motilal Oswal 6th Annual Global Investor conference was held in Mumbai from August, 2010. Around 110 corporates participated in the conference and more than 500 investors attended it.


2011

-Motilal Oswal in association with Zee Business, hosted the first of its series of seminars under its investors education initiative called Investor Ki Kahani Usi Ki Zubani on July 2, 2011 at BSE in Mumbai. The seminar saw a colossal turnout with more than 750 investors attending the session.

-At the second ASIA’s BEST EMPLOYER BRAND AWARDS held in Singapore on 22nd July, 2011, Motilal Oswal Financial Services bagged awards in two categories: Award for Excellence in HR through Technology & Award for Managing Health at Work

-Motilal Oswal Financial Services Ltd. was honoured with Best Capital Markets & Related NBFC Award for FY11 at the CNBC TV18 India Best Banks and Financial Institutions Awards, 2011 held in Mumbai.


2012

-Motilal Oswal 8th Annual Global Investor Conference was held in Mumbai in August, 2012. Around 110 corporates participated in the conference and 2,500+ company-investor meetings..

-Motilal Oswal Financial Services won the RETAILER OF THE YEAR (Banking & Financial Services) award at the Awards for Retail Excellence 2012 organised by Asia Retail Congress on Feb 14, 2012

-Motilal Oswal Financial Services was honoured with ‘Best Employer Brand’ Award at the IPE Banking, Financial Services & Insurance Awards 2012 held in Mumbai on 30th June 2012

-Motilal Oswal Financial Services was awarded the Best Use of Public Relations in the Financial Services Sector Award at the India PR & Corporate Communication Awards 2012 held in New Delhi on March 22, 2012. Organized by Exchange4media, these are the biggest awards of its kind in India


2013

- The Company recommended a final dividend of Rs. 1 per equity share of face value of Re. 1.00

- Motilal Oswal Group has exposure on National Spot Exchange Ltd (NSEL) of Rs 253.92 crore.

- Company's Subsidiary, Motilal Oswal Securities bagged the Best Performing Equity Broker (National) Award at CNBC TV18 Financial Advisor Awards 2013 held in Mumbai.

2014

- The Company recommended a final dividend of Rs. 1 per equity share of face value of Re. 1.00

- The Company appointed Mrs.Sharda Agarwal as an Additional Independent Director of the Company

- Company's Subsidiary, Motilal Oswal Securities Ltd. has been awarded the ‘Best Performing National Financial Advisor - Equity Broker’ at the UTI-CNBC TV18 Financial Advisor Awards for the fourth year in a row.

- The Subsidary of the Company, Motilal Oswal Securities Ltd wins the 'Best Research as Research Showcase Partner' at RESEARCHBYTES IC AWARDS 2014.

- The Subsidary of the Company, Motilal Oswal Securities Ltd wins 'Best Local Brokerage for Trading and Execution' at Trade Asia Magazine Awards held on 13th November 2014 at Hongkong

2015
- The website of Motilal Oswal Financial Services Ltd (MOFSL) has changed from motilaloswal.com to motilaloswalgroup.com

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