Motilal Oswal Securities opens its 7th Regional Office in Chennai, To focus on wealth management

Motilal Oswal Securities Ltd. (MOSL), an established brand among retail and institutional investors in India, opened its regional office in Chennai today. This branch will cater to the wealth management needs of investors in Chennai.

Mr. Hitungshu Debnath, Director, Wealth Management Group inaugurated the 4000 Sq ft regional office at Kothari building, 1st Floor, #114 M G Road, Nungambakkam, Chennai-600034.

Following this inauguration, the company now has 7 Regional Offices across India.

A dedicated team of wealth managers would cater to HNIs (High Networth Clients), HVT (High Volume Traders), Retail clients, MTM (Mid Tier Millionaire) and the Private Client Group (PCG). With this office MOSL now has 4 Branches in Chennai.

“Chennai is a rapidly growing city with a huge potential for financial services. There is a large population of young, upwardly mobile professionals and businessmen. Hence, establishing a branch cum Regional Office here was a logical extension of our strategy to grow our business in Southern India,” said Mr. Hitungshu Debnath, Director, Wealth Management Group, Motilal Oswal Securities Ltd.

MOSL intends establishing a strong business presence across the country to make its presence felt in the wealth management segment. This foray is part of a broad strategy to offer innovative products to HNIs across important cities in India.

About Motilal Oswal Securities Limited

Motilal Oswal Securities Ltd. (MOSL) is a part of one of India’s leading diversified financial intermediaries - Motilal Oswal Financial Services Ltd (MOFSL). Founded in 1987, MOSL is a leading research and advisory based stock broking house, with a dominant position in both institutional equities and retail wealth management. With 1200 Business locations and more than 2, 00,000 registered clients in over 377 cities, Motilal Oswal is well suited to handle the wealth creation and wealth management needs of investors. MOSL’s services include equities, derivatives, e-broking, portfolio management, mutual funds, commodities, IPOs and depository services. MOSL’s holding company - MOFSL - had recently raised approximately Rs.246 crores via an IPO. The IPO was oversubscribed by 27.41 times.