Comments
Motilal Oswal Financial Securities’ customer base has crossed the 10 lakh mark, of which active clients hold over ₹62,544 crore in depository assets. The company has also witnessed the highest-ever online and mobile-trading clients, and daily downloads have been at a lifetime high of more than 1,500.
“Starting with the focus on equity, MOSL has reached the point where it has become synonymous with equity advisory. It’s amazing to see the trust of our customers who have helped us build the business. MOSL has won the trust and confidence of more than 10 lakh customers due to the great support and team work of all departments at MOSL. With the same spirit, we are 100 per cent sure that we will achieve many more such milestones,” said Ajay Menon, MD & CEO — Broking and Distribution.
Motilal Oswal has come up with some unique and the first-of-its kind initiative in the last three years, such as target investment plan that uses robo advisory to understand the client’s requirements and future goals, ChatBot, smartwatch app, completely paperless, e-KYC, instant trading and demat account facility, and round-the-clock account opening and modification facility.
In FY18, the company had registered the highest-ever annual revenue and crossed the milestone of ₹1,000 crore. Profit grew 59 per cent to ₹170 crore on the back of a strong revenue growth which soared 53 per cent to ₹1,100 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.