Motilal Oswal Inaugurates Motilal Oswal Tower inBengaluru, Karnataka
Bengaluru, 25 May 2024:Motilal Oswal Financial Services has unveiled its new ‘Motilal Oswal Tower’ inBengaluru today. In a ceremony hosted today, Gurudev Sri Sri Ravi Shankarinaugurated the tower in the presence of Mr Motilal Oswal, Group ManagingDirector and CEO of Motilal Oswal Financial Services Ltd., and Mr RaamdeoAgrawal, Chairman and Co-Founder of Motilal Oswal Financial Services Ltd.
The Motilal Oswal Tower in Bengaluru, strategically located in the heartof the Silicon Valley of India, is a spacious 6-storey building spanning acrossa plot area of 1708.5 sq. meters. The tower will accommodate approximately 435employees. It comes with several unique facilities such as LEED Certification,a Collaborative Area at floor level, a Phone Booth, a Gym, a Recreationfacility, Mechanical High Rise Workstations, a roof-covered Cafeteria,Mechanical Stack Car Parking, Modern Contemporary Office Design, Roof Top 3DDisplay, Double Height Atrium, rainwater harvesting, STP and Terrace RoofCafeteria. The facility''s parking includes 32 mechanical stack car parkingslots, six slots for open car parking, and 100+ slots for bike parking.
Commenting on the significance of this event, Mr Motilal Oswal, Group Managing Director and CEO of Motilal OswalFinancial Services Ltd., said, “Bangalorehas always been a significant city in Motilal Oswal’s network of operations,making it imperative for us to have a strong physical hub in the city. MotilalOswal Tower in Bengaluru will be just the office space needed to firmlyestablish the company’s commitment to serving the local client base andnurturing regional talent while providing enhanced services for ourKarnataka-based customers. The office is more than just a physical property forus; it is a milestone in our endless pursuit of providing the best workplace toour employees.”
Mr Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal FinancialServices Ltd., added, “Theinauguration of Motilal Oswal Tower in Bengaluru proves our strategic visionand commitment to growth. This new facility marks our expanding footprint andrepresents our dedication to providing top-notch infrastructure and a conduciveworking environment for our employees. We believe this will significantly boostour regional operational efficiency and service delivery.”
For many years, Motilal Oswal has been present in Bengaluru throughbranches and subsidiaries of its various business verticals. The newly launchedMotilal Oswal Tower, Bengaluru, will host offices of its Asset Management,Broking and Distribution, Housing Finance, Private Wealth, Online Advisory,IFA, and PCG Advisory businesses.
The organisation acquired the tower on March 29, 2023, in the thrivingKumara Park neighbourhood of Seshadripuram. The new property will be the firm’ssecond independent tower in Bangalore, which highlights its commitment toexpanding its physical footprint in all key financial centers of the country.
Headquartered in Mumbai, Motilal Oswal Financial Services has a presencein 2500 centers through branches. The company has decided to expand itspresence in major cities and open offices in other cities. Last year, thecompany also purchased a new property in Ahmedabad to build a third MotilalOswal Tower.
About Motilal Oswal Financial Services Limited (MOFSL):
MOFSL is a financial services company. Its offerings include capitalmarkets businesses (Retail broking, Institutional broking, and investmentbanking), Asset and wealth Management (Asset Management, private equity, andwealth Management), Housing Finance, and Equity-Based treasury investments.MOFSL employs approximately 11,300 employees and serves 70 Lakh clients viadistribution reach in 550+ citiesacross 2500+ Business locations covering 98% of the pin codes in India. MOFSLhas an AUA of Rs 3.8 lakh cr (24% up Y-O-Y). One of the largest franchiseebases with over 8000 franchises.
For further contact details:
RohiniKute
Head of Group Corporate Communication,
Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com