Motilal Oswal Financial Services (MOTILALFS) was incorporated on May 18, 2005 as a public company and was promoted by Motilal Oswal (chairman and managing director) and Ramdeo Agrawal. It is a well-diversified financial services group having businesses in securities, commodities, investment banking and venture capital. The company`s retail wealth-management business provides broking and financing services as well as investment advisory, financial planning, and portfolio management services to retail customers. The institutional broking business offers equity broking services in cash and derivative segment to institutional clients in India and overseas. The investment banking business offers financial advisory, capital raising and other investment banking services to corporate clients, financial sponsors and other institutions. Motilal Oswal Financial Services is the holding company and operates through its four subsidiaries: Motilal Oswal Investment Advisors, Motilal Oswal Commodities Broker, Motilal Oswal Venture Capital Advisors and Motilal Oswal Securities. The company has received several awards; with Asiamoney broker?s poll consistently recognizing and rewarding the company in various categories. The company is headquartered in Mumbai and has network spread across 363 cities and towns comprising 1,160 locations. Through its subsidiaries, it has a base in UAE and has established relationships with almost all leading foreign institutional investors (FIIs) in the US, UK, Hong Kong and Singapore.