Motilal Oswal Private Equity Appoints Sharad Mittal as Head - Real Estate Business
Motilal Oswal Private Equity Advisors Pvt. Ltd., the private equity arm of Motilal Oswal Financial Services Ltd., today announced the appointment of Mr. Sharad Mittal as Head - Real Estate business.
- (1888PressRelease) June 16, 2013 - Motilal Oswal Private Equity Advisors Pvt. Ltd., the private equity arm of Motilal Oswal Financial Services Ltd., today announced the appointment of Mr. Sharad Mittal as Head - Real Estate business.
Mr. Mittal is a Chartered Accountant and brings with him a rich experience of 12 years in Real Estate Investments and fund raising. He has worked with companies such as ICICI Prudential AMC, ASK Property Investment Advisors and ICICI Bank Ltd.
Prior to joining Motilal Oswal Private Equity, Mr. Mittal was with ICICI Prudential AMC, as Vice President - Investments with Real Estate Practice. At ICICI Prudential, he was one of the key members in the fund responsible for leading the commercial rental office fund, managing transactions from mezzanine fund and also leading the fund raising exercise. In the FY 2013 he spearheaded two fund raising initiatives successfully raising INR 1300 crore. He brings rich experience and proven track record of success which will be valuable for our organisation.
About Motilal Oswal Private Equity Business
Motilal Oswal Private Equity Advisors Pvt. Ltd. (MOPE) is a wholly owned subsidiary of Motilal Oswal Financial Services Ltd. (MOFSL), a diversified financial services group with businesses in Securities, Asset Management, Private Equity and Investment Banking. MOPE has raised funds for India Business Excellence Fund (IBEF) and India Realty Excellence Fund (IREF) to invest in mid-market companies and real estate projects, respectively. IREF, launched in 2008 is an INR 200 crore ($ 45 million) domestic real estate fund focused on investing in real estate projects in metros and tier-1 cities in India. The average ticket size per project is typically in the range of INR 20 - 30 crore. The fund has already made seven investments across asset classes. On the back of the success of IREF - I, MOPE is also in the process to put together IREF - II, an INR 500 crore domestic real estate fund.
About Motilal Oswal Financial Services Limited
Motilal Oswal Financial Services Ltd. (NSE: MOTILALOFS, BSE: 532892, BLOOMBERG: MOFS IN) is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail. Its services and product offerings include wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking and principal strategies. The company distributes these products through 1,484 business locations spread across 527 cities and the online channel to over 773,716 registered customers. MOFSL has strong research capabilities, which enables them to identify market trends and stocks with high growth potential, facilitating clients to take well- informed and timely decisions. MOFSL has been ranked by various polls such as the Best Local Brokerage 2005, Most Independent Research - Local Brokerage 2006 and Best Overall Country Research - Local Brokerage 2007 in Asia Money Brokerage Polls for India. MOSL won 4 awards in the ET-Now Starmine Analyst Awards 2010-11, placing it amongst the Top-3 award winning brokers, was ranked No. 2 by AsiaMoney Brokers Poll 2010 in the Best Local Brokerage Category and won the 'Best Market Analyst' Award for 2 sectors at the India's Best Market Analyst Awards 2011. MOFSL won the 'Best Capital Markets and Related NBFC' award at the CNBC TV18 Best Banks and Financial Institutions Awards 2011. MOSL also won the 'Best Equity Broking House' award for FY11 at the Dun & Bradstreet Equity Broking Awards 2011. MOSL won the 'Best Performing National Financial Advisor Equity Broker' award at the CNBC TV18 Financial Advisor Awards 2012, for the 2nd year in a row. MOSL won 'Best Equity Broker' award at Bloomberg UTV Financial Leadership Awards 2012, 'Retailer of the Year (Banking & Financial Services) award at Retail Excellence Awards 2012, and was ranked 2nd in the "Best Overall Brokerage" category by Asia Money in 2011. Motilal Oswal Private Equity won 'Best Growth Capital Investor-2012' award at the Awards for Private Equity Excellence 2013. MOSL was adjudged amongst the Top 20 innovators in BFSI for 'Leveraging on technology in enhancing customer experience' at the Banking Frontiers Finnovity Awards 2012, and won the 'Quality Excellence for Best Customer Service Result' award at National Quality Excellence Awards 2013
For further details contact:
Mr. Hari Krishnan
Motilal Oswal Financial Services
Ph - +91-22-39825500
Mob- +91-9820520392 Mr. Anirudh Rajan / Alpesh Nakrani
Paradigm Shift Public Relations
Mob- +91-9892343828/ +91-9869121167
Tel- +91-22 22813797 / 98
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