Motilal Oswal

The company was formed in 1987 by Motilal Oswal and Ramdeo Agrawal after they acquired membership on The BSE. 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 NSDL and a Depository Participant of Central Depository Services Limited in 2000. The company started offering Derivatives products and advisory services on both BSE as well as NSE in 2001.

In 2006 the company entered private equity and investment banking. In the same year, Motilal Oswal group acquired South Indian brokerage firm – Peninsular Capital Markets. The company tied up with State Bank of India and Punjab National Bank in 2006 and 2007 to offer online trading to its customers.