NEW DELHI (India CSR): In a significant stride towards fostering inclusive growth and equitable development, Motilal Oswal Financial Services Limited (MOFSL) has announced its Corporate Social Responsibility (CSR) spending for the financial year 2024-25, demonstrating a robust commitment to societal well-being. The company spent a remarkable Rs 17.19 crore on various social initiatives, notably exceeding its statutory obligation and leaving a tangible, human-centered impact across diverse communities. This substantial investment underscores MOFSL’s dedication to leveraging its success for broader social good, strengthening its role as a responsible corporate citizen.
Motilal Oswal’s CSR Highlights in FY25
| Key Fact | Details |
|---|---|
| Company Name | Motilal Oswal Financial Services Limited (MOFSL) |
| Financial Year | 2025 |
| Average Net Profit (Last 3 FYs) | Rs 822.53 Crore |
| CSR Obligation (2%) | Rs 16.39 Crore |
| Actual CSR Expenditure | Rs 17.19 Crore |
| Excess CSR Spent (for set-off) | Rs 0.81 Crore (Rs 80.66 Lakh) |
| Turnover (FY25) | Rs 5,359.35 Crore |
| Net Worth (FY25) | Rs 6,973.48 Crore |
| CSR Focus Areas | Education, Healthcare, Environment, Community Development |
| Lives Impacted | Over 18,650 |
| Educational Highlights | – 13,000 tribal students supported in Wada- 108 scholarships at Mewar University- SSC exam support in 21 schools- ₹130 Cr pledged for IIT Bombay infrastructure- ₹40 Cr grant for girls’ residence at Plaksha University |
| Healthcare Highlights | – Aid to 3,000+ disabled individuals- Diagnostic center for 400+ poor- 6 heart surgeries funded |
| Environmental Initiatives | – 4,100+ trees planted- Solar water plant in Palghar- Rainwater harvesting, wastewater recycling- Energy-efficient systems (VRF, LED, sensors)- Waste Management Policy & green building planning |
| CSR Governance | CSR Committee: Motilal Oswal (Chairperson), Raamdeo Agarawal (Member) |
| CSR Committee Meetings (FY25) | 2 |
| Independent CSR Assessment | Moore Singhi Advisors LLP |
| Sustainability Reporting | BRSR published as per SEBI’s updated format |
| Foundational Motto | “Knowledge First” (via Motilal Oswal Foundation) |
| Major Promoter Pledge | 10% equity (~₹4,000 Cr) pledged by promoters for charitable purposes over the next decade |
| Long-Term Vision | Sustainable, inclusive financial ecosystem aligned with SDGs |
Financial Commitment Beyond Compliance
For the financial year 2024-25, MOFSL’s total CSR obligation stood at Rs 16.39 crore, calculated based on 2% of its average net profit of Rs 822.54 crore, adjusted for any previous year’s set-off. Demonstrating its proactive approach, the company incurred a total expenditure of Rs 17.19 crore on CSR projects, which includes Rs 17.17 crore directly on projects and Rs 1.99 lakh on impact assessment. This spending resulted in an excess of Rs 80.66 lakh for the financial year, available for set-off in succeeding years, highlighting MOFSL’s commitment to going above and beyond its regulatory requirements. The company’s CSR efforts are applicable as per Section 135 of the Companies Act, 2013, supported by a turnover of Rs 5,359.35 crore and a net worth of Rs 6,973.48 crore.
Education as a Cornerstone: Building Futures
At the heart of MOFSL’s CSR philosophy is the profound belief that “education can bring prosperity and equality in society,” a core tenet driving the Motilal Oswal Foundation (MOF), established in 2011 with the motto ‘Knowledge First’. A significant portion of the company’s social contribution is channeled through the Foundation and other not-for-profit organizations.
During FY 2024-25, key educational initiatives included:
- Restoration and improvement of school infrastructure and quality education for over 13,000 tribal students in Wada, Maharashtra. This comprehensive support aims to create a conducive learning environment for marginalized groups.
- Implementation of academic support, career guidance, and teacher training programmes for rural students, enhancing the overall educational ecosystem.
- Providing scholarships to 108 underprivileged students at Mewar University, enabling them to pursue higher education in professional courses.
- Conducting wellbeing workshops for 35 teachers, recognizing their pivotal role in shaping young minds.
- Sponsoring preparation exams for SSC students from 21 schools in Wada, addressing a direct need expressed by the schools.
- Significant philanthropic initiatives by promoters Motilal Oswal and Raamdeo Agrawal include pledging 10% of their equity holdings in MOFSL (valued at approximately Rs 40,00 crore) towards charitable causes over the next decade. Their contributions to education extend to establishing hostels and residential schools, such as the Motilal Oswal Kalinga Institute of Social Sciences Residential School in Orissa (Rs 15 crore grant) and the Agrawal-Oswal Girls Student Residence at Plaksha University, Punjab (Rs 40 crore grant), among others. They also pledged Rs 130 crore for upgrading academic and research infrastructure at IIT Mumbai, setting up the Motilal Oswal Centre for Capital Markets (MOCCM).
Healthcare and Community Wellbeing
Beyond education, MOFSL’s CSR efforts extend to crucial areas like healthcare and direct community engagement, addressing the needs of vulnerable and marginalized groups.
- The company actively supports initiatives for aid to people with disability, benefitting over 3,000 individuals through the Bhagwan Mahaveer Vikalang Seva Samiti.
- Support was provided for setting up a diagnostic center for the poor through Aquakraft Foundation, reaching over 400 beneficiaries.
- MOFSL also sponsored heart surgeries for 6 underprivileged children through Rotary Bangalore Midtown, directly impacting critical health outcomes.
- Various CSR projects have positively impacted over 18,650 persons, with 90% to 100% of these beneficiaries belonging to vulnerable and marginalized segments of society.
Nurturing the Environment: Green Initiatives
Recognizing its responsibility towards environmental sustainability, MOFSL has integrated eco-friendly practices into its operations and CSR initiatives. The company aims to minimize its greenhouse gas (GHG) emissions and reduce its environmental footprint.
- Tree plantation drives have been undertaken, including 1,100 trees planted through employee volunteering and 3,000 saplings planted under CSR initiatives. There’s also support for mass fruit tree plantation for marginal farmers to promote sustainable livelihoods.
- Installation of a solar-powered water irrigation plant in Dhindepada Village, Palghar, demonstrates a commitment to sustainable resource management.
- The company has implemented a rainwater harvesting system and recycles wastewater for flushing and watering plants.
- Internally, MOFSL employs energy-efficient systems like Variable Refrigerant Flow (VRF) air conditioning, five-star rated ACs, LED lights, and motion sensors in its offices to reduce energy consumption. It monitors Scope 1, Scope 2, and Scope 3 emissions to enhance carbon footprint management.
- MOFSL is also planning for GREEN buildings in ongoing construction projects and has applied for LEED certification for its Corporate Office. Furthermore, it has adopted a Waste Management Policy and focuses on recycling plastic waste and paper.
Strategic Philanthropy and Robust Governance
MOFSL’s CSR efforts are overseen by a dedicated Corporate Social Responsibility (CSR) Committee, whose composition includes Mr. Motilal Oswal (Chairperson) and Mr. Raamdeo Agarawal (Member), ensuring strategic alignment and effective implementation. The committee met twice during FY 2024-25. The company’s CSR initiatives are broadly aligned with the Sustainable Development Goals (SDGs), indicating a holistic approach to social responsibility.
Transparency and accountability are paramount, reflected in the publication of the Business Responsibility & Sustainability Report (BRSR) for FY 2024-25, which incorporates SEBI’s updated format and includes BRSR Core Key Performance Indicators. To ensure independent oversight, Moore Singhi Advisors LLP was appointed as the Independent Assurance/Assessment Provider for the BRSR Core, signifying MOFSL’s commitment to robust governance and verified reporting. The company’s policies, such as the Sustainable Sourcing and Preferential Procurement Policy and Equal Opportunity Policy, further promote responsible practices and inclusive growth.
Looking Ahead: Sustaining the Impact
Motilal Oswal Financial Services Limited’s significant CSR spending in FY 2024-25 underscores its commitment to creating lasting positive change. By strategically investing in education, healthcare, and environmental conservation, and by maintaining robust governance frameworks, the company is not only meeting its social obligations but is also contributing meaningfully to India’s broader development goals. As India prepares for its next growth phase, MOFSL’s dedication to fine-tuning its “high-performance compounding machine” extends beyond financial metrics to encompass a deep-seated commitment to building a more inclusive, responsible, and resilient financial ecosystem. This consistent and growing investment in social initiatives reflects a clear vision for sustainable value creation for all stakeholders, setting a benchmark for corporate responsibility in the financial sector.
(India CSR)
