Motilal Oswal Finvest Limited ("MOFL/Company") has been promoted by Motilal Oswal Financial Services Limited ("MOFSL") and is registered with Reserve Bank of India ("RBI") as an NBFC with effect from October 1, 2018. The Company is into Lending business, its primary product being loan against securities ("LAS").
LAS as a product is a secured lending portfolio for the Company and it helps the borrower to meet their monetary requirement by pledging their securities in favor of the Company without giving away the corporate benefits like bonus and dividends associated with the securities.

Benefits of Loan against Shares:

  • Continued ownership of securities offered as collateral
  • Enjoy Corporate Benefits like dividends, bonus issue, income from investments
  • Buy Shares without selling long term investments
  • Attractive Interest Rates
  • Get Loans upto 50% of share value.


  • Is a secured Loan. Debentures, shares, bonds or mutual funds may be offered as collateral.
  • Eligibility: Resident Indians between the age of 18 years to 75 years and Entities i.e. HUFs, Partnership firm, LLPs, Private/Public Limited Companies incorporated/registered in India.
  • The loan amount depends on the security the borrower is offering.
  • Repayment of Loan on Demand.
  • Quick Loan Processing
  • Security swap facility

Preliminary Documents Required:

  • KYC Documents
  • Latest DP Holding Statement
  • Income proof
  • Pledge Creation Form

Gradation of Interest Rates:

Interest that will be charged to the customers may range between 0.5% to 15% above the cost of capital / fund of the Company (as may be changed from time to time), which may be compounded at monthly rests.
The interest may accrue monthly/quarterly as per the terms of the agreement with the client. The rate of interest shall be fixed on the basis of the risk gradation of the client. The approach for gradation of risk is based on factors such as nature of loan, amount of loan, credit worthiness of the borrower, nature and quality of security, portfolio concentration, CIBIL Score etc. While deciding the interest rate and other charges, the rate offered by competitors in the market would also be taken into consideration.

Management Team:

Ajay Menon


Ajay Menon is the Whole-Time Director of Motilal Oswal Finvest Limited ("MOFL"). He is also acting as a Whole-Time Director and CEO - Broking and Distribution businesses of Motilal Oswal Financial Services Ltd. ("MOFSL"), Holding Company.
Ajay Menon is a member of the Institute of Chartered Accountants of India and has done his graduation from N.M. College of Commerce, Mumbai. He has also cleared the Series 7, 24 and 63 of FINRA Regulations.
He possesses over 15 years of capital markets experience. He joined Motilal Oswal Group in 1998 and has been responsible for operations, compliance, legal, risk management, business process excellence and information technology. He is considered as the cornerstone of MOFSL?s strong performance track record and a driving force behind the operational excellence at the Group which has enabled the businesses to deliver strong customer delight. He has also been instrumental in various change initiatives including driving a culture of systems and processes across all group businesses. He has also engineered the development of several state-of-the-art technology initiatives to provide businesses a cutting edge and also a unique value proposition within the spaces they operate. Besides, a strong focus on compliance and risk management has helped the group deliver superior business results even during volatile market conditions.
He started his career with Sesa Seat Information Systems.
He loves playing Cricket and Travelling.
Navin Agarwal


Navin Agarwal is the Whole Time Director & Chief Financial Officer of MOFL. He is also acting as a Managing Director on the Board of MOFSL.
He is a member of the Institute of Chartered Accountants of India, Institute of Cost and Works Accountants of India, Institute of Company Secretaries of India, Chartered Financial Analyst.
Mr. Navin Agarwal started his career as a Senior Analyst with Insight Asset Management in 1994. In the year 1996, he was appointed the Head of Research & subsequently took up the additional responsibility of Portfolio Management in 1998. He joined Motilal Oswal Securities in 2000. He has also co-authored a Book ?India?s Money Monarchs? featuring interactions with India?s leading investment managers.
Shalibhadra Shah


Shalibhadra Shah is a Finance professional with 17 years of experience spanning the entire gamut of Finance, Accounts, Taxation & Compliance. He is appointed as Director on the Board of MOFL. Shalibhadra is also acting as an Associate Director and CFO of MOFSL.
He is a qualified Chartered Accountant from Institute of Chartered Accountants of India and Graduated from R.A. Podar College of Commerce & Economics.
He joined MOFSL in 2006. Prior to joining MOFSL, he was leading the Taxation Role at an eminent CA Firm.
Besides being a Finance professional, Shalibhadra spends his spare time in Spiritual Development, Music & Enhancing Knowledge on Taxation.

Motilal Oswal Finvest Limited
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025.
Tel.: 022 39804200 FAX.: 022 38462333
CIN.: U65100MH2006PLC165469 NBFC REG No.: N-13.02276.