Motilal Oswal Financial services acquires tower for Ahmedabad expansion

11 Sep 2023 CW Team

Motilal Oswal Financial Services (MOFSL) has acquired a standalone commercial tower in Ahmedabad as part of its growth and expansion plan. Here are some key details about this acquisition:

1. Property Details: MOFSL has acquired a commercial tower with 12 upper floors, spread over approximately 1,10,000 square feet of space. The tower is located on Sindhu Bhavan Road in Ahmedabad, covering an area of 0.56 acres.

2. Motilal Oswal Tower 3: The acquired property will be named "Motilal Oswal Tower," and it represents the company's third independent commercial tower. The other two are located in Mumbai and Bengaluru.

3. Brownfield Project: MOFSL purchased the Ahmedabad tower as a brownfield project, meaning it acquired the property in a "bare shell" condition. The company will now proceed with construction and expects to complete the project by September 2024.

4. Corporate Office in Ahmedabad: Motilal Oswal Tower 3 in Ahmedabad will serve as a large corporate office for the company in the city. It will consolidate various key offices that are currently located at different locations within Ahmedabad.

5. Expansion Plans: MOFSL has ambitious expansion plans for the Gujarat region. The new tower in Ahmedabad will facilitate business synergies and allow the company to serve its customers effectively. It is part of the company's commitment to investing in its infrastructure, including buildings.

6. Employee Accommodation: The Mumbai office tower currently accommodates more than 2,300 employees across various verticals, while the Bengaluru office has around 400 employees. The new Ahmedabad tower is expected to provide space for 650 employees.

7. Coherent Operations: The new tower in Ahmedabad will enable the company to have a more coherent and integrated operation in the developing financial hub of the city. It will bring together various business functions under one roof and support MOFSL's growth initiatives in the region.

In summary, MOFSL's acquisition of the commercial tower in Ahmedabad reflects its commitment to expanding its presence and enhancing its operations in Gujarat. This move is in line with the company's strategy to consolidate its key offices and provide room for future growth and expansion.

Motilal Oswal Financial Services (MOFSL) has acquired a standalone commercial tower in Ahmedabad as part of its growth and expansion plan. Here are some key details about this acquisition:1. Property Details: MOFSL has acquired a commercial tower with 12 upper floors, spread over approximately 1,10,000 square feet of space. The tower is located on Sindhu Bhavan Road in Ahmedabad, covering an area of 0.56 acres.2. Motilal Oswal Tower 3: The acquired property will be named Motilal Oswal Tower, and it represents the company's third independent commercial tower. The other two are located in Mumbai and Bengaluru.3. Brownfield Project: MOFSL purchased the Ahmedabad tower as a brownfield project, meaning it acquired the property in a bare shell condition. The company will now proceed with construction and expects to complete the project by September 2024.4. Corporate Office in Ahmedabad: Motilal Oswal Tower 3 in Ahmedabad will serve as a large corporate office for the company in the city. It will consolidate various key offices that are currently located at different locations within Ahmedabad.5. Expansion Plans: MOFSL has ambitious expansion plans for the Gujarat region. The new tower in Ahmedabad will facilitate business synergies and allow the company to serve its customers effectively. It is part of the company's commitment to investing in its infrastructure, including buildings.6. Employee Accommodation: The Mumbai office tower currently accommodates more than 2,300 employees across various verticals, while the Bengaluru office has around 400 employees. The new Ahmedabad tower is expected to provide space for 650 employees.7. Coherent Operations: The new tower in Ahmedabad will enable the company to have a more coherent and integrated operation in the developing financial hub of the city. It will bring together various business functions under one roof and support MOFSL's growth initiatives in the region.In summary, MOFSL's acquisition of the commercial tower in Ahmedabad reflects its commitment to expanding its presence and enhancing its operations in Gujarat. This move is in line with the company's strategy to consolidate its key offices and provide room for future growth and expansion.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..