Summary

Raamdeo Agrawal, born April 5, 1957, in Raipur, Chhattisgarh, is the co-founder and chairman of Motilal Oswal Financial Services (MOFSL), a prominent Indian financial services group. Founded in 1987, the group is engaged in securities broking, asset management, investment banking and wealth management, emphasising value investing and wealth creation over the long term.

The company expanded from a small brokerage firm to a diversified financial giant, renowned for its research-based investment philosophy based on Warren Buffett.

Personal Information

Achievements

• He co-founded Motilal Oswal Financial Services, one of India's leading financial conglomerates.
• He introduced the QGLP (Quality, Growth, Longevity, Price) investment philosophy.
• He wrote books such as Corporate Numbers Game and The Art of Wealth Creation.
• He received the Rashtriya Samman Patra by the Central Board of Direct Taxes, India, for outstanding tax compliance.

Major Events Timeline

• 1987: He co-founded Motilal Oswal Financial Services as a sub-broking company with Motilal Oswal, MD & CEO of MOFSL.
• 1995: He invested in Hero MotoCorp (then Hero Honda), kept shares for 20 years and gained humongous returns.
• 2010: He introduced mutual funds under MOFSL.
• 2023: He is committed to donating 5% of his holding in MOFSL to charity.

Challenges & Controversies

He got exposed to market fluctuations in the Harshad Mehta scam (1990s), where his portfolio declined from ₹30cr to ₹10cr.