Motilal Oswal Custodial Services Private Limited (MOCSPL), a wholly-owned subsidiary of Motilal Oswal Financial Services Limited, has received approval from the Securities and Exchange Board of India (SEBI). This license allows MOCSPL to act as a custodian of securities. The approval, effective September 23, 2026, enables the company to offer a comprehensive suite of institutional financial services.
SEBI Approval for Custodial Services
Motilal Oswal Financial Services Limited announced that its wholly-owned subsidiary, Motilal Oswal Custodial Services Private Limited (MOCSPL), has secured approval from the Securities and Exchange Board of India (SEBI) to operate as a custodian of securities. This approval, dated September 23, 2026, is a significant step for the group’s expansion into institutional financial services.
Enhanced Service Offerings
With this license, MOCSPL is now authorized to offer safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting for institutional clients. This includes alternative investment funds, portfolio managers, mutual funds, insurance companies, and pension funds. The company aims to leverage this to provide a complete value chain for institutional investors, integrating custody services with its existing offerings like equities, wealth management, and asset management.
Strategic Expansion
The addition of custodial services is seen as a strategic move to capitalize on the growing Indian institutional asset market. Motilal Oswal Financial Services emphasized its commitment to building a robust domestic market infrastructure that meets global standards. The company expects to commence operations in the last quarter of 2026, subject to final operational readiness.
About Motilal Oswal Financial Services Limited
Motilal Oswal Financial Services Limited (MOFSL) is a leading integrated capital market player in India. Its diverse services include wealth management, capital markets, asset and wealth management, housing finance, and equity-based treasury investments. The group serves over 15.5 million clients across 550+ cities and manages Assets Under Advice (AUA) of approximately ₹6.6 lakh crore.
Source: BSE
