Motilal Oswal Financial Services plans to expand business in Bihar in FY2025

-  Announces opening new office in Patna by December 2024

-  Hosted an event in Patna to announce its expansion plan for the region

Patna, 25th September 2024: Motilal Oswal Financial Services, has announced today that plans to expand business by appointing new partners in FY25 in Bihar. These newly appointed partners will gain access to MOFSL''s innovative tools, synergies, and expertise, as well as its diverse research capabilities. They will also be able to use the MOFSL trading platform to trade in equity, and commodities.

MOFSL has also announced opening an office in Bihar in FY25. The new office is a spacious property with a total built-up area of over 3000 plus square feet.

Bihar continues to be a key market for MOFSL, with its capital, Patna, listed among the company''s Top 30 focus cities. Currently, MOFSL has 102 active business partners across the state, and expanding this network will further enhance its presence and reach.

Mr. Ajay Menon, MD & CEO – Wealth Management, Motilal Oswal Financial Services Ltd said, “As highlighted in our recent campaign, ‘The Man from Motilal Oswal’, we strive to help investors throughout India in making well-informed decisions using research-backed insights. At MOFSL, it is our constant endeavour to empower investors and our partners. This collaboration is another step in paving the way for fulfilling ambitions for all our stakeholder.”

Mr. Gaurav Manihar, Director, Head—Business Alliances, Wealth Management, MOFSL, said, "By partnering with local brokerage Partners, we provide them with access to our technology and extensive research, empowering our partners to stay ahead and seize new opportunities in this dynamic market. The goal is to enhance the business propositions and client service, fostering a dynamic environment of growth and innovation, positioning MOFSL as an industry leader in the process. Region wise expansion is a step in that direction.”

To outline its expansion in Bihar, MOFSL hosted an event uniting industry leaders to explore partnerships, while the IAP in Patna offered aspiring entrepreneurs a platform to kickstart success by connecting ideas with opportunities. Among the key dignitaries’ present was Mr. Siddhartha Khemka, Vice President and Head of Research, Wealth Management at MOFSL and Mr Arnab Dutta, SVP & Zonal Head- Business Alliances, MOFSL. More than 100 people attended the event including HNIs and Business Partners among others.

About Motilal Oswal Financial Services Limited:

MOFSL is a financial services company. Its offerings include Wealth Management, Capital Markets (Institutional broking & Investment banking), Asset & Wealth Management (Asset Management, Private Equity & Wealth Management), Housing Finance & Equity based treasury investments. MOFSL employs 12,500+ employees serving to approx 4M customers via distribution reach in 550+ cities. MOFSL has Assets Under Advice of Rs. 5.0 Lakh Crores.

Disclosure: http://onlinetrade.motilaloswal.com/emailers/Disclaimer_SRSA/Disclaimer_SRSA.html 

For further details, contact:

Sonam Raheja

Manager, Corporate Communication,

Motilal Oswal Financial Services

Mob +917757072281/Mail: sonam.raheja@motilaloswal.com