Motilal Oswal Group targets 10 owned office towers across major cities by 2028

Subscribe to enjoy similar stories. Having built a distinct mark as one of India's prominent diversified financial services groups, Motilal Oswal Group is now stepping up its focus on physical infrastructure. At a time when co-working spaces are booming and companies are pursuing asset-light, flexible office models, the group is investing heavily in owned office towers.

This belief took shape in 2009 with the development of Motilal Oswal Towers. Today, three towers are operational, with a fourth in Delhi already acquired and slated to open by the end of the year. The journey began in Mumbai and expanded to Bengaluru and Ahmedabad, with Delhi next, Motilal Oswal, chairman and managing director of Motilal Oswal Financial Services, said in an exclusive conversation with Mint.

"The Connaught Place in Delhi is a heritage building we have already bought, and it gives a very distinct identity," he said. Riding the investment boom and Nifty's steady rise, Motilal Oswal Group tapped into the market upswing to push ahead with its idea of creating a lasting physical infrastructure legacy. As capital markets deepened and participation broadened, the group used this momentum not just to grow its core businesses, but also to invest in brick-and-mortar assets that reflect long-term conviction and ownership, turning market success into a tangible, enduring footprint.

Motilal Oswal Financial Services was founded in 1987 by chartered accountants Motilal Oswal and Raamdeo Agrawal. What began as a modest broking setup in Mumbai grew steadily, client by client, anchored in a research-first culture. Over the years, the firm has evolved into a diversified financial services group, with asset management and private wealth businesses emerging as