MOTILALOFSMotilal Oswal Financial Services Ltd.

Motilal Oswal Financial Services names Janak Dalal senior management personnel

Management change
capital markets

Blacklitt Research29 October 20262 min read

Motilal Oswal Financial Services (NSE: MOTILALOFS) has designated Janak Dalal, managing director and chief executive of Motilal Oswal Custodial Services Private Limited, as senior management personnel of the company with effect from 29 Oct 2026, it said in a filing on 29 Oct 2026. The designation was approved by the board on the recommendation of its Nomination and Remuneration Committee.

Dalal's designation and background

Janak Dalal has been designated senior management personnel (SMP) of Motilal Oswal Financial Services, effective 29 Oct 2026, on terms and conditions recommended by the Nomination and Remuneration Committee and approved by the board from time to time. He remains managing director and chief executive of the custody subsidiary, Motilal Oswal Custodial Services Private Limited.

Dalal holds an MBA in Finance from the University of Hartford, Connecticut, USA, and has nearly three decades of global experience in custody, corporate banking, prime brokerage and investment banking. He spent over 18 years at Deutsche Bank, where he was responsible for the Securities Services (Custody) business in India and Sri Lanka. Earlier roles included SS&C Fund Services and American Skandia (Prudential Annuities) in Connecticut, USA.

Link to the custody business

According to the filing, the group received a custodian licence from the Securities and Exchange Board of India in the second quarter of FY27, and the custody business will commence operations in Q4 FY27, subject to operational readiness requirements.

The filing discloses no relationship between directors in connection with the designation.

What the designation means for Motilal Oswal Financial Services shareholders

The designation changes Dalal's position within the company's senior management, and the filing gives no figures for it, so the effect on the company's financial position is not stated.

Not stated: the duties attached to the SMP role, whether his remuneration changes, and whether his role at the custody subsidiary changes. The next dated step is the start of custody operations in Q4 FY27.

At a glance

Item	Detail
Person	Janak Dalal
Designation	Senior Management Personnel (SMP)
Current role	Managing Director and CEO, Motilal Oswal Custodial Services Private Limited
Effective date	29 Oct 2026
Custody operations start	Q4 FY27, subject to operational readiness

Reference: Original filing (PDF)

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