Key Approval Details
Motilal Oswal Custodial Services Private Limited (MOCSPL), a wholly-owned subsidiary of Motilal Oswal Financial Services Limited, received approval from the Securities and Exchange Board of India (SEBI) on September 23, 2026 to act as a Custodian of Securities under the SEBI (Custodian) Regulations, 1996. The approval was granted via email dated September 23, 2026.
Business Scope and Services
The approval allows MOCSPL to offer:
- Safekeeping of securities
- Trade settlement
- Corporate action processing
- Regulatory reporting
for institutional clients including alternative investment funds, portfolio management services, mutual funds, insurance companies, and pension funds.
Strategic Significance
The business extends the Motilal Oswal group's institutional franchise, which spans institutional equities, wealth management, asset management, private wealth, investment banking, alternates, and home finance. Clients can now access execution, custody, and post-trade servicing within a single institutional relationship.
Management Commentary
Mr. Motilal Oswal, Group CEO & Co-founder of Motilal Oswal Financial Services, stated that India's institutional asset pools are rapidly expanding and that custody forms the backbone of this growth. He emphasized that the entry into this sector is driven by the need for domestic market infrastructure that meets global standards, built on operational discipline and regulatory rigor.
Operational Timeline
The company will commence operations in the last quarter of 2026, subject to the completion of operational readiness requirements.
License Validity
The approval is valid continuously from the date of grant, subject to compliance with the SEBI (Custodian) Regulations, 1996 and ongoing regulatory requirements.
Financial Impact
Financial impact not quantified in the disclosure.