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United Kingdom

Motilal Oswal Financial Services Ltd (MOFS.NS)

MOFS.NS on National Stock Exchange of India

774.45INR
18 Sep 2018
Change (% chg)

Rs-11.25 (-1.43%)
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Rs785.70
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Rs770.00
Volume
39,756
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106,230
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Rs1,588.40
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Rs735.00

Summary

Name Age Since Current Position

Motilal Oswal

2018 Executive Chairman of the Board, Chief Executive Officer

Shalibhadra Shah

2017 Chief Financial Officer

Kailash Purohit

85 2017 Compliance Officer, Company Secretary

Raamdeo Agrawal

2009 Joint Managing Director, Executive Director

Navin Agarwal

47 2018 Managing Director, Director

Ajay Menon

2018 Additional Whole-Time Director

Sharda Agarwal

2014 Additional Independent Woman Director

Rekha Shah

2018 Additional Independent Director

Vivek Paranjpe

62 2011 Non-Executive Independent Director

Praveen Tripathi

58 2011 Non-Executive Independent Director

Biographies

Name Description

Motilal Oswal

Mr. Motilal Oswal is an Executive Chairman of the Board, Chief Executive Officer of Motilal Oswal Financial Services Limited. He served as Chief Financial Officer of the Company till April 30, 2011. He is an Indian national and has been a director since the incorporation of the Issuer. He is an Associate of Institute of Chartered Accountants of India. Mr. Motilal Oswal had been elected the director of BSE and joined the governing board in 1998. He has served on various committees of BSE, NSE, CDSL and SEBI. He was awarded the “Rashtriya Samman Patra” by Central Board of Direct Taxes for a period of 5 years from 1995 to 1999.

Shalibhadra Shah

Kailash Purohit

Shri. Kailash Chandra Purohit serves as Compliance Officer, Company Secretary of the Company. He has a total experience of 7 years.

Raamdeo Agrawal

Mr. Raamdeo Agrawal is Joint Managing Director, Executive Director of Motilal Oswal Financial Services Limited. He has been appointed as Joint Managing Director of the Company with effect from October 14, 2009. He was appointed to the Board as Non-Independent Non-Executive Director of the Company. Mr. Agarwal is the first Director named in the Articles of Association of the Company. He is an Associate member of The Institute of Chartered Accountants of India. He is the member of the National Committee on Capital Markets of the Confederation of Indian Industry 10111. Mr. Agarwal specialises in equity research and has been writing the annual ‘Motilal Oswal Wealth Creation Study’ since its inception in 1996. He has also featured on wizards of Dalal Street on CNBC TV 18. In 1986, he wrote the book ‘Corporate Numbers Game’ along with co-author Mr. Ram K Piparia. Mr. Raamdeo Agrawal is the man behind the research capability at Motilal Oswal Securities Limited. Mr. Agrawal was awarded the ‘Rashtriya Samman Patra” by Central Board of Direct Taxes for a period of 5 years from 1995 to 1999. Mr. Agarwal is on the Board of various Companies, he is Joint Managing Director of Motilal OswaL Securities Limited and Chairman of Motilat Oswal Venture Capital Advisors Private Limited. Mr. Agarwal is Director of Motilal Oswal Investment Advisors Private Limited, Motilal Oswal Commodities Broker Private Limited, MotilaL Oswat Capital Markets Private Limited, Motilal Oswal Insurance Broker Private Limited and Passionate Investment Management Private Limited.

Navin Agarwal

Mr. Navin Agarwal has been appointed as Managing Director, Director of Motilal Oswal Financial Services Limited. Mr. Navin Agarwal is responsible for the Institutional Broking & Investment Banking Businesses and has been instrumental in building a market leading position in the Institutional Broking business. Under his leadership, the firm has been rated as The Best Indian Brokerage House by Asia money. Leveraging on the dominant positioning in institutional business, he has also been instrumental in building an Institutional Derivatives business when derivative products were introduced in the Indian markets. Mr. Agarwal believes in leveraging the core strengths of a strong brand, a vast distribution network and unmatched research capabilities and has been closely involved in strategizing and reviewing all the other business of the Motilal Oswal Financial Services Limited (MOFSL). He started his career as a Senior Analyst with Insight Asset Management in 1994. In the year 1996, he was appointed the Head of Research & subsequently took up the additional responsibility of Portfolio Management in 1998. Mr. Agarwal is affiliated with prestigious organizations like Institute of Chartered Accountants of India, Institute of Cost and Works Accountant of India, Institute of Company Secretaries of India and CFA Institute, Virginia. He has also co-authored a Book 'India's Money Monarchs' featuring interactions with India's leading investment managers.

Ajay Menon

Mr. Ajay Menon is Additional Whole-Time Director of the Company. He was Chairman & Managing Director of Motilal Oswal Securities Limited ("MOSL"), wholly owned subsidiary of the Company. Pursuant to the Amalgamation of MOSL with the Company w.e.f. August 21, 2018 and considering over 15 years of capital markets experience of Mr. Menon in broking industry, the Board has been decided to appoint Mr. Menon. Mr. Menon is a member of the Institute of Chartered Accountants of India and has done his graduation from N.M. College of Commerce, Mumbai. He has also cleared the Series 7, 24 and 63 of FINRA Regulations. He possesses over 15 years of capital markets experience. He joined the Group in 1998 and was responsible for operations, compliance, legal, risk management, business process excellence and information technology. He has been the cornerstone of group's strong performance track record and a driving force behind the operational excellence at the Group which has enabled the businesses to deliver strong customer delight. He has also been instrumental in various change initiatives including driving a culture of systems and processes across all group businesses. He has also engineered the development of several state-of-the-art technology initiatives to provide businesses a cutting edge and also a unique value proposition within the spaces they operate. Besides, a strong focus on compliance and risk management has helped the group deliver superior business results even during volatile market conditions.

Sharda Agarwal

Rekha Shah

Ms. Rekha Shah is an Additional Independent Director of the Company. She is the founder of Analyze N Control, which is actively involved in providing solutions w.r.t Process Automation, Compliance, Surveillance and AML Risk Management to the Broking Industry. She has done her Business Management from one of the leading Business Schools of India, JBIMS (Jamnalal Bajaj Institute of Management Studies). Also she holds a graduation degree from Narsee Monjee College of Commerce and economics, University of Mumbai. She possessed an enriched experience of more than 18 years in Broking Industry. She worked with various well known Indian business houses like Tata Group, Intermediaries such as Vadodara Stock Exchange, UTI Securities (erstwhile), Kotak St>cmifiPs, JM Morgan Stanley (erstwhile), etc.

Vivek Paranjpe

Mr. Vivek Paranjpe is Non-Executive Independent Director of Motilal Oswal Financial Services Limited. He has done B.Sc. (Hons.) from Ferguson College, Pune with distinction in Botany and Postgraduate Honors Diploma in Industrial relations and welfare from XLRI, Jamshedpur, India. He has held a post of honorary CEO, National HRD Network of India from 2004 to 2005. Mr. Vivek Paranjpe was a member of National Wages Council from 2000 to 2001, Tripartite Committee on Executive Unions and Domestic services study group. He has held the position of Vice President in Delhi Management Association and Vice Chairman in ISTD, New Delhi. He is an author of two books viz. HR Management in India - A Legal Perspective and Strategic HR Planning. Currently, he is a HR Head in Reliance Group.

Praveen Tripathi

Mr. Praveen Tripathi is Non-Executive Independent Director of Motilal Oswal Financial Services Limited. He has done Post Graduate Diploma in Management (PGDM) from Indian Institute of Management, Ahmedabad and B. Tech (Electrical Engineering) from Indian Institute of Technology, Kanpur. He has held the position of President-Marketing and Sales services in Pidilite Industries Limited from August 2009 to August 2010. He has held the post of Strategic Planning Director, P&G, Greater China from September 2002 to September 2003 and was member of Publicis Groups P&G Global Media Team. He worked in MARG Marketing and Research Group Private Limited from April 1986 to September, 1996. He is also the visiting faculty at Indian Institute of Management, Ahmedabad and Mudra Institute of Communication, Ahmedabad. He is currently holding the post of Chief Executive Offi cer in Magic9 Media and Consumer Knowledge Private Limited.

Basic Compensation

Name Fiscal Year Total

Motilal Oswal

24,000,000

Shalibhadra Shah

--

Kailash Purohit

--

Raamdeo Agrawal

24,000,000

Navin Agarwal

--

Ajay Menon

--

Sharda Agarwal

340,000

Rekha Shah

--

Vivek Paranjpe

530,000

Praveen Tripathi

520,000
As Of  31 Mar 2015