| Wealth Management | Retail and institutional broking, distribution of third-party financial products, loan against shares. | Strong brand presence, wide geographic network, extensive RM base, high client retention. | Retail investors, high net worth individuals, mass affluent clients (B2C). | Distribution fees and interest income on lending products. | 3386 | 40 | Brokerage commissions, distribution fees, interest income from loan book. | Transaction-based revenue, distribution fees; mix of recurring and transactional income. | Rising retail participation, digital platform expansion, increasing financial savings and investment awareness. | Motilal Oswal Wealth Management |
| Capital Markets | Institutional equities, investment banking, research coverage, IPO and QIP advisory. | Industry leadership in QIP league, comprehensive research coverage, deep client relationships. | Institutional investors, corporates, mutual funds (B2B). | Investment banking fees and institutional brokerage services. | 627 | 7 | Investment banking fees, brokerage commissions, institutional research services. | Fee-based services, transactional revenues. | Robust IPO and capital raising activity, institutional client expansion. | Motilal Oswal Capital Markets |
| Asset and Private Wealth Management | Mutual funds, portfolio management services, private equity, alternative investment funds, wealth advisory. | Strong investment track record, diversified product suite, experienced fund managers. | Retail, high net worth individuals, family offices, institutional investors. | Private equity and alternate investment management fees. | 2637 | 31 | Management fees, advisory fees, performance fees. | Recurring management fees plus performance-based fees. | Growing mutual fund participation, alternate asset growth, private wealth accumulation. | Motilal Oswal Asset Management, Motilal Oswal Private Wealth Management |
| Home Finance | Affordable housing finance loans with wide distribution in tier 2 and 3 cities. | Geographic diversification, tight underwriting, credit rating AA+. | Retail borrowers for affordable housing (B2C). | Retail mortgage lending with strong credit controls. | 652 | 8 | Interest income from loan book, loan processing fees. | Interest margin-based earning model. | Rising affordable housing demand, expanding branch network. | Motilal Oswal Home Finance |
| Treasury Investments | Investment of surplus cash flows in liquid and marketable securities. | Large scale, strong risk management, high IRR since inception. | Internal capital deployment (Group's own funds). | High yield, liquid investments with long term growth. | 1116 | 13 | Investment income including interest and capital gains. | Investment income from portfolio. | Prudent reinvestment of profits and capital appreciation. | Motilal Oswal Treasury Book |
