OMD India, which has just completed a year of operations, has won the media duties of financial player Motilal Oswal Group. No pitch process preceded the development. The incumbent on the business was MediaCom. The ad spends of the business is pegged upwards of Rs 10 crore. OMD India Managing Director, Jasmin Sohrabji, confirmed the development.
Some of the current businesses of OMD India, such as Parle Agro and Johnson & Johnson, too had moved from MediaCom to OMD. OMD began operations in India in February 2007.
Motilal Oswal Securities is a leading research and advisory based stock-broking house, with a dominant position in both institutional and retail broking. MOFSL is the holding company of the Motilal Oswal Group. Outfits under its umbrella are Motilal Oswal Securities Ltd (MOSL), Motilal Oswal Commodities Broker Pvt Ltd (MOCBPL), Motilal Oswal Venture Capital Advisors Pvt Ltd (MOVCAPL) and Motilal Oswal Investment Advisors Pvt Ltd (MOIAPL).
It has relationships with several foreign institutional investors (FIIs) in the US, the UK, Hong Kong and Singapore. In a recent media report, the group was rated as one of the top 10 brokers in terms of business transacted for FIIs.