By Mr. Abhay Ray 
Introduction to Motilal Oswal Home Finance
Motilal Oswal Home Finance is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). Motilal Oswal Home Finance is a well-diversified , financial services company focused on wealth creation for all its customers such as institutional, corporate, HNI and retail. Motilal Oswal Home Finance Limited (MOHFL) is registered with national Housing Bank and is amongst the leading new age Housing Finance companies in India having its presence across 11 states in western, North-central and southern india. Motilal Oswal Home Finance is a professionally managed housing finance company with unique combination of financially sound and technically experienced parentage having built public trust of over 4 decades in the domain of financial services. Motilal Oswal Home Finance works on the business philosophy of financial inclusion of lower income group Indian families by providing them an access to long term housing finance.
Incorporation of Motilal Oswal Home Finance
Motilal Oswal Home Finance Limited formerly known as Aspire Home finance Corporation Limited. It was incorporated on 01 October 2013. The Company is registered with the National Housing Bank under section 29A of the National Housing Bank Act, 1987 with effect from 19 May 2014.
Worldwide Locations – The company has presence in Maharashtra, Gujarat, Tamil Nadu, Rajasthan, Karnataka, Madhya Pradesh, Haryana, Andhra Pradesh, Chhattisgarh, Telangana, Delhi and Uttar Pradesh.
Mission and Vision of Motilal Oswal Home Finance Ltd
Company states the belief that every individual deserves the opportunity to realize their dreams of homeownership and they are dedicated to supporting these aspirations by providing accessible and fair loan solutions, empowering people to build secure and promising futures. Their commitment to responsible growth ensures that while they expand, they do so with integrity, prioritizing the well-being of our clients and communities. Together,they create a foundation for sustainable living, fostering a brighter tomorrow for everyone.
Motilal Oswal Home Finance – Founder and CEO Details
Motilal Oswal is an Indian businessman. He is the founder, chairman and managing director of Motilal Oswal Financial Services Ltd, which he co-founded with Ramdeo Agrawal in 1987.Oswal was born to a Jain family in the small village of Padru in Barmer, Rajasthan, near the international border.He studied at the SPU Jain College in Falna before moving to Mumbai to study CA. In 1987, during his stay at a Mumbai hostel, the Rajasthan Vidyarthi grih Oswal met Raamdeo Agarwal, his friend with whom he later founded Motilal Oswal Financial Services.
For his work and contribution to the capital markets, Oswal has received several awards, including:
- Motilal Oswal, Chairman & MD is awarded as Outstanding Institution Builder of the Year in The AIMA Managing India Awards
- Special Contribution Award to Indian Capital Markets’ Award by Zee Business
- The Hall of Fame for Excellence in Franchising by Franchising World Magazine
- Champion of Arthshastra by the Rotary Club
- Samaj Ratna Award at the hands of Her Excellency President Smt. Pratibhatai Patil in Rashtrapati Bhavan
- Rajasthan Ratna Lifetime Achievement Award from Manav Seva Trust
Sukesh Bhowal is the Chief Executive Officer (CEO) of Motilal Oswal Home Finance Limited (MOHFL). With a career spanning over 27 years, Sukesh has garnered extensive expertise in Business Management, Sales & Distribution, Retail Lending, Mortgage Lending, Real Estate Lending, and Retail Banking. Before joining MOHFL, Sukesh held a prominent position at DCB Bank, where played a pivotal role in establishing and scaling up the Mortgages, Micro-Mortgages, Construction Finance, and Gold Loans segments.
Products and services of Motilal Oswal Home Finance
Home improvement, including property search (purchase/resale/rent/sale/lease), and home extension loans, which include property market research, such as due diligence on real estate transactions, as well as Saral Ghar Loan Scheme and Mahila Awaas Loan, legal advisory, and finance assistance; commercial services, composite, plot, project planning and execution, and corporate advisory for space requirements (leasing); and consultancy services, deal negotiations, construction, residential (retail) services, tenant sourcing, market intelligence, home (purchase/resale)
Funding and Investor of Motilal Oswal Home Finance
|
Date of funding |
Funding Amount | Round Name |
Investor |
| Apr 08, 2022 | $50M | Conventional Debt |
DFC
|
Motilal Oswal Home Finance – Growth and Revenue
Motilal Oswal Home Finance Limited reported PAT of 133 crore in FY 2024. Disbursements in FY 2024 crossed 1,000 crore mark to reach `1,018 crore. Business is geared up for stronger growth in disbursements. At consolidated level, MOFSL has healthy capitalisation, supported by sizable internal accruals. As on March 31, 2024, absolute consolidated networth and gearing were Rs 8,768 crore and 1.6 times, respectively (Rs 6,283 crore and 1.6 times, respectively, as on March 31, 2023. Overall, the Group reported healthy profitability in FY2024 with a net profit of Rs. 2,446 crore (Rs. 933 crore in FY2023).
Motilal Oswal Home Finance – Awards and Recognitions
- Motilal Oswal Home Finance Ltd. Aspire Home Finance wins the “Digital Excellence in Urban Finance” award at the Digital Customer Excellence Awards, 2019.
- Awarded the customer Excellence award at the India CX SUMMIT & AWARDS, 2019.
- Motilal Oswal Home Financeawarded by Elets 5th NBFC100 Leader of Excellence Awards, 2024in the Excellence in TechnologyImplementation category.
Competitors of Motilal Oswal Home Finance
Top competitors of Motilal Oswal Home Finance include
- HomeFirst Finance
- Sundaram Home Finance
- Bharat Housing Finance
Conclusion
Motilal Oswal Home Finance Ltd. (MOHFL) continue to focus on providing home loans to individuals and families for purchase, construction and extension of house. MOHFL also provides loans for repair and renovation of houses and home loans to families in the new to credit, self-employed, cash salaried category where formal income proofs, Credit Bureaus reports are not easily available, and the repayment capacity of such families are appraised based on their cash flows and Internal Score Cards.During FY2024, total branch count stood at 110 as of March 31, 2024.
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