Motilal Oswal Financial Services Limited announced that its wholly-owned subsidiary, Motilal Oswal Custodial Services Private Limited (MOCSPL), has received approval from SEBI to act as a Custodian of Securities. This license, effective September 23, 2026, allows MOCSPL to offer safekeeping, trade settlement, and corporate action processing for institutional clients, enhancing the group’s integrated financial services offering.
SEBI Grants Custodian License to Motilal Oswal Subsidiary
Motilal Oswal Financial Services Limited (MOFSL) has announced a significant development in its institutional services vertical. Its wholly-owned subsidiary, Motilal Oswal Custodial Services Private Limited (MOCSPL), has officially received approval from the Securities and Exchange Board of India (SEBI) to operate as a Custodian of Securities. This approval is in accordance with the SEBI (Custodian) Regulations, 1996.
Expansion of Institutional Services
The newly granted license, effective from September 23, 2026, empowers MOCSPL to provide a comprehensive suite of custody services. These include the safekeeping of securities, trade settlement, processing of corporate actions, and regulatory reporting for a broad range of institutional clients. This client base encompasses alternative investment funds, portfolio managers, mutual funds, insurance companies, and pension funds, among others.
Strategic Importance for the Group
The acquisition of this custodian license marks a key step in strengthening MOFSL’s integrated institutional franchise, which already spans equities, wealth management, asset management, and investment banking. Clients will now benefit from a single point of contact for execution, custody, and post-trade servicing. The company anticipates commencing operations in the last quarter of 2026, subject to operational readiness requirements.
Market Position
Operating as a custodian is a highly regulated activity, requiring substantial net worth and robust operational controls. With this approval, MOCSPL is positioned among a select group of institutions authorized to handle institutional assets in India, underscoring the group’s commitment to regulatory rigor and operational excellence.
Source: BSE
