Syn

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Motilal Oswal Financial Services Ltd.

Motilal Oswal Financial Services Ltd. ( (BSEBSE,, NIFTY NIFTY,, NASDAQ NASDAQ,, Dow JonesDow Jones,, Hang SengHang Seng) is a) is a diversified financial services fir offering a range of financial !rod"c#s and services s"c$ as diversified financial services fir offering a range of financial !rod"c#s and services s"c$ as %e

%eal#$ al#$ &anageen#&anageen#, 'e#ail Broing and Dis#ri"#ion, Ins#i#"#ional Broing, Asse# &anageen#,, 'e#ail Broing and Dis#ri"#ion, Ins#i#"#ional Broing, Asse# &anageen#, *riva#e E+"i#

*riva#e E+"i#,, Inves#en# BaningInves#en# Baning, -oodi# Broing and *rinci!al S#ra#egies, -oodi# Broing and *rinci!al S#ra#egies

Background[

Background[edit

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T$e

T$e co!anco!an was fored in ./01  was fored in ./01  &o#ilal 2swal&o#ilal 2swal andand 'aadeo Agrawal'aadeo Agrawal af#er #$e ac+"ired af#er #$e ac+"ired eers$i! on T$e

eers$i! on T$e BSEBSE33456456_{&o#ilal 2swal was elec#ed direc#or and 7oined #$e 8overning}_{&o#ilal 2swal was elec#ed direc#or and 7oined #$e 8overning Board}_Board

of #$e

of #$e Boa S#oc E9c$angeBoa S#oc E9c$ange in .//03 in .//03

&o#ilal 2swal Sec"ri#ies is a De!osi#or *ar#ici!an# of

&o#ilal 2swal Sec"ri#ies is a De!osi#or *ar#ici!an# of NSD: NSD:44;6;6_{and a De!osi#or *ar#ici!an# of}_{and a De!osi#or *ar#ici!an# of}

-en#ra

-en#ral De!osi#orl De!osi#or Services :ii#e Services :ii#ed (-DSI:)d (-DSI:)4<64<6_{in 5===3 T$e co!an}_{in 5===3 T$e co!an s#ar#ed offering}_{s#ar#ed offering}

Deriva#ives !rod"c#s and advisor services on o#$ BSE

Deriva#ives !rod"c#s and advisor services on o#$ BSE as well asas well as NSE NSE in 5==. in 5==.4>64>6

In 5==?, #$e co!an en#ered

In 5==?, #$e co!an en#ered *riva#e E+"i#*riva#e E+"i# and and Inves#en# BaningInves#en# Baning "siness3 "siness34>64>6_{In #$e sae}_{In #$e sae}

ear, &o#ilal 2swal gro"! ac+"ired So"#$ Indian

ear, &o#ilal 2swal gro"! ac+"ired So"#$ Indian roerage roeragefir @ *enins"lar fir @ *enins"lar -a!i#al &are#s-a!i#al &are#s334?64?6

T$e co!an #ied "! wi#$

T$e co!an #ied "! wi#$ S#a#e Ban of IndiaS#a#e Ban of India and and *"n7a *"n7a Na#ionaNa#ional Banl Ban441616_{in 5==? and 5==1 #o}_{in 5==? and 5==1 #o}

offer online #rading #o i#s c"s#oers3 5==0 saw #$e co!an crea#e one of Indias larges#

offer online #rading #o i#s c"s#oers3 5==0 saw #$e co!an crea#e one of Indias larges# E+E+"i"i##406406

Dealing  Advisor roos, s!read over 5?,=== s+ f# (5,<== 5) in &alad,

Dealing  Advisor roos, s!read over 5?,=== s+ f# (5,<== 5) in &alad, &"ai3&"ai3

In Jan"ar 5=.=, &o#ilal 2swal Financial Services (#$ro"g$ i#s s"sidiar &o#ilal 2swal In Jan"ar 5=.=, &o#ilal 2swal Financial Services (#$ro"g$ i#s s"sidiar &o#ilal 2swal Sec"ri#ies :#d3) received #$e final cer#ifica#e of regis#ra#ion a!!roval fro

Sec"ri#ies :#d3) received #$e final cer#ifica#e of regis#ra#ion a!!roval fro Sec"ri#ies andSec"ri#ies and

E9c$ange Board of India

E9c$ange Board of India(SEBI) #o se# "! a(SEBI) #o se# "! a "#"al f"nd"#"al f"nd "siness in #$e "siness in #$e co"n#r3co"n#r3

Awards and Recognitions[

Awards and Recognitions[edit

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•

• &o#ilal 2swal Sec"ri#ies agged &o#ilal 2swal Sec"ri#ies agged #$e Bes# *erforing E+"i# Broer #$e Bes# *erforing E+"i# Broer (Na#ional) A(Na#ional) Award a#ward a#

-NB- TC.0 Financial Advisor Aw

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• &o#ilal 2swal Financial Services :#ds Anals# &r3 Jines$ 8and$i won #$e Bes# &are#

Anals# Award for #$e ca#egories E+"i#A"#o a# Indias Bes# &are# Anals# Awards 5=.; organiGed  ee B"siness34.=6

• &o#ilal 2swal Sec"ri#ies was declared Bes# E+"i# Broer a# Blooerg TC

Financial :eaders$i! Awards in A!ril 5=.534..6

• &o#ilal 2swal Sec"ri#ies was awarded wi#$ Bes# *erforing Na#ional Financial Advisor

E+"i# Broer Award in 5=.5, second #ie in s"ccession34.564.;6

• &o#ilal 2swal Financial Services was $ono"red wi#$ an award for Bes# se in *' in

Financial Services -a#egor a# India *'  -or!ora#e -o"nica#ions Awards 5=.534.<6

• &o#ilal 2swal Sec"ri#ies received Bes# E+"i# Broing Ho"se Award  BSE I*FDB

E+"i# Broing Awards 5=..4.>6

• &o#ilal 2swal &"#"al F"nds &2S# S$ares &>= ETF was ad7"dged &os# Innova#ive

F"nd of #$e Year  -NB- TC.0 -'ISI: &"#"al F"nd Award 5=..4.?6

• -NB- TC.0 awarded &o#ilal 2swal #$e Bes# *erforing E+"i# Broer Award in 5=.=

a# -NB- TC.0 Financial Advisor Awards 5=.=4.;6

• Bes# -a!i#al &are#s  'ela#ed NBF- Award for FY..  -NB- TC.0 India Bes#

Bans  Financial Ins#i#"#ions Awards 5=..4.16

• &o#ilal 2swal IB #ea won #$e Asia *acific -ross Border Deal of #$e ear award in 5=.=

and #$e -E2 As$"#os$ &a$es$vari go# India &A Inves#en# Baner of #$e Year award

4.06

• &o#ilal 2swal Sec"ri#ies :#d3 ra#ed as No3. Broer in ET Now @ S#arine Anals#

Awards 5==/4.=634./6

• &2S: awarded T$e Bes# Franc$isor in Financial Services  Franc$isee345=6 %orld

&agaGine 5==0 for #$e second consec"#ive ear3

Customer Services

2ne of #$e larges# od of co!lain#s ao"# financial services organisa#ions on #$e we is fo"nd #o rela#e #o &o#ilal 2swals co!anies

Services _{%eal#$ &anageen#,}

'e#ail Broing  Dis#ri"#ion, -oodi# Broing,

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Ins#i#"#ional Broing, *riva#e E+"i#,

Inves#en# Baning Services  *rinci!al S#ra#egies

Subsidiaries

&o#ilal 2swal Sec"ri#ies :#d, &o#ilal 2swal Inves#en# Services,

&o#ilal 2swal Inves#en# Advisors *v# :#d, &o#ilal 2swal *riva#e E+"i# Advisors *v# :#d,

&o#ilal 2swal Asse# &anageen# -o3 :#d

Stock Market

-a!i#al occ"!ies a !osi#ion so doinan# #o #$e econoic #$eor of !rod"c#ion and dis#ri"#ion #$a# i# is na#"ral #o ass"e #$a# i# s$o"ld o cc"! a# leas# an e+"all i!or#an# !lace in #$e #$eor and !rac#ice of econoic grow#$3 T$e s"7ec# w$e#$er a!!roac$ed $is#oricall or anal#icall or fro #$e s#and!oin# of !olic, i# is #$e !rocess of ca!i#al acc""la#ion #$a# occ"!ies #$e fron# of #$e s#age3 I# is "s"all i!lied #$a# econoic grow#$ and ca!i#al acc""la#ion wi#$ a $ig$ !osi#ive and significan# correla#ion and addi#ions #o #$e s#oc of ca!i#al can !rovoe and facili#a#e fas#er ra#e of grow#$ even "nder #$e circ"s#ances w$ic$ can e descried as s$or#age of ca!i#al3

-a!i#al are# eans #$e are# for all #$e financial ins#r"en#s, s$or# #er and long #er as also coercial, ind"s#rial and governen# !a!er3 T$e ca!i#al are# deals wi#$ ca!i#al3 T$e ca!i#al are# is a are# w$ere orrowing and lending of long #er f"nds #aes !lace3 -a!i#al are#s deal in o#$ de# and e+"i#3 T$e governen#s o#$ cen#ral and s#a#e raise one in #$e ca!i#al are#, #$ro"g$ #$e iss"e of governen# sec"ri#ies3 -a!i#al are#s refer #o all #$e ins#i#"#es and ec$aniss of raising edi" and long#er f"nds, #$ro"g$ vario"s ins#r"en#s availale lie s$ares, deen#"res, onds e#c.

-or!ora#e o#$ in #$e !riva#e sec#or as well as in #$e !"lic sec#or raise #$o"sands of crores of r"!ees in #$ese are#s3 T$e governen#, #$ro"g$ 'eserve Ban of India, as well as financial ins#i#"#ions also raises a lo# of one fro #$ese are#s3 E9a!le of welldevelo!ed are#s is @ T$e 8loal de!osi#or and Aerican de!osi#or.

T$e #wo i!or#an# o!era#ions carried o"# are

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5) Trading in sec"ri#ies iss"ed  #$e co!an3

K

T$e i!or#an# cons#i#"en#s of ca!i#al are# areK

.3 T$e s#oc e9c$anges 53 Bans

;3 T$e inves#en# #r"s#s and co!anies

<3 S!ecialiGed financial ins#i#"#ions or develo!en# ans3 >3 &"#"al f"nds

?3 *os# office saving ans

13 Non aning financial ins#i#"#ions

03 In#erna#ional financial inves#ors and ins#i#"#ions.

T$e s"!!l in #$is are# coes fro saving fro differen# sec#ors of #$e econo 3 T$ese coe fro #$e following so"rcesK

.3 Individ"als 53 -or!ora#e ;3 8overnen#s <3 Foreign co"n#ries >3 Bans ?3 *roviden# f"nds 13 Financial ins#i#"#ions3

Design of #$e s#"d

Ti#le of #$e s#"d

LE+"i# Cal"a#ion of To! T$ree IT -o!aniesM

27ec#ives of #$e s#"d

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) To eval"a#e #$e financial !erforance of #$ese co!anies #$ro"g$ f"ndaen#al analsis  #aing in #o considera#ion da#a of las# five ears

c)3 To de#erine #$e E+"i# !rices #$ro"g$ E+"i# Cal"a#ion &odels3

d) To eval"a#e #$e !rices of #$ese co!anies3

e) To design s#ra#eg for !rofi#ale inves#en# in e+"i#ies w$ic$ ields a9i" re#"rns3

Need for E+"i# val"a#ion of IT -o!anies3

Indias infora#ion #ec$nolog services co!anies, #$e !ro"d asco# of a odern, res"rgen# India, and darling of inves#ing !"lic, $ave s#ar#ed loosing #$eir a!!eal3 T$eir s$ares $ave los# #$eir s$ine and $ave grossl "nder!erfored inn a "oan# are#, w$ic$ is scaling newer !eas alos# ever on#$3 Is i# #$e #ie #o wri#e #$e offO 2r do #$e $ave #$e #alen#, reso"rces and infras#r"c#"re #o overcoe #$e da"n#ing !roles #$a# afflic# #$e now and $i# #$e $ig$grow#$ !a#$ once again3 So i# is ver necessar #o now w$a# #$e inves#ors s$o"ld do a# #$is #ie

M!"O#OLO$% OF #A!A COLLC!&O'

SO(RCS OF #A!A

)R&MAR% #A!A

 Disc"ssion wi#$ #$e co!an official

Disc"ssion regarding #$e IT sec#or and IT -o!anies !erforance and $ow e+"i# s$ares of #$ese co!anies are !erforing !resen#l3

SCO'#AR% #A!A

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 Ann"al 'e!or#s of #$e co!anies

 B"siness agaGines

CO'C)!(AL #S&$'

Sa!le "ni#K E+"i# s$ares of #$e selec#ed co!anies

Sa!le siGeK > ears financial da#a of #$ese co!anies