Motilal Oswal Securities Limited (A subsidiary of Motilal Oswal Financial Services Ltd) now holds a national record! The Limca Book of Records, one of India"s premier associations that documents achievements of individuals and enterprises in terms of setting records, has acknowledged the dealing room of Motilal Oswal Securities Limited (MOSL), located in Malad (in the western surburb of Mumbai), to be the largest dealing room in India.This will be featured in the forthcoming edition of the Limca Book of Records that will be released on March 19, 2009. Motilal Oswal Securities Limited has also received a certificate from the editor of the publication, in recognition of this achievement.
Commenting on this unique development, Mr. Motilal Oswal, Chairman and Managing Director said, "We are delighted with this acknowledgment by Limca Book Of Records. This development recognizes our endeavors to ensure highest levels of customer focus and responsiveness that has always been our primary objective.
Our state-of-the-art dealing room with superior features has also significantly enhanced employee productivity and facilitated greater overall growth and efficiency. This acknowledgment further strengthens our commitment to deliver better services to our customers and ensure greater receptiveness to their needs as we move forward."
The dealing room that is spread over 26,000 sq feet at Malad was inaugurated on March 11 2008 by Mr. Motilal Oswal and Mr. Raamdeo Agrawal, Director & Co-Founder, Motilal Oswal Financial Services Limited. About 20,000 sq ft of space is devoted to dealing and advisory activities that make it the largest dealing room in the country.
This facility houses 385 dealers and advisors to support the company"s equities, derivatives, arbitrage, equity sales and advisory businesses. It is also equipped with the most ultra modern state-of-the-art infrastructure including a high speed network, 34 MB lease line with 34 MB back up and video conferencing facilities between the company"s strategy and research team. The office also provides dual LCD screens to every dealer and 24hrs power backup.
MOSL"s state-of-the-art dealing room also comprises a well-stocked library and a training room for the staff. A recreation room with indoor games and a terrace cafe provide the perfect working ambiance that allows employees to work in a de-stressed environment.
The stock closed on Friday at Rs.56.70, up by Rs.0.15 or 0.27%. The stock hit an intraday high of Rs.60 and low of Rs.51.50.
The total traded quantity was 10783 compared to 2 week average of 7301.
