Motilal Oswal's journey began in Padur, a sleepy village located in the heart of Barmer, Rajasthan, close to the border. He was born into a Jain family and the influence of his father, a wealthy grain merchant, gave him a comfortable upbringing. However, Motilal chose a different career path, choosing formal education over the family business.
His academic pursuits led him to SPU Jain College, Falna, where he laid the foundation for his future endeavours. Then, driven by his ambition and thirst for knowledge, he ventured to Mumbai to continue his studies as a Chartered Accountant. He was staying in a hostel in Mumbai when fate intervened and brought him into contact with a like-minded person who was destined to leave an indelible mark on his journey.
In 1987, Motilal met a friend, Ramdeo Agarwal, whose common aspirations ignited a spark of entrepreneurship in him. Together they embarked on an amazing adventure and laid the foundation for what would become a financial pioneer.
Initially, their foray into the business realm began with the establishment of an accounting firm, where they honed their skills and gained valuable insight into the complexities of the financial realm. However, driven by their ambition and desire to chart their own course, they seized the opportunity to join the Bombay Stock Exchange (BSE).
In 1989, Motilal and Ramdeo formalized their partnership and established Motilal Oswal Financial Services.
Together, they navigated the complexities of the financial landscape and leveraged their complementary skill sets and unwavering determination to propel MOFSL to unprecedented heights of success. Today, their visionary leadership and unwavering commitment to excellence have established MOFSL as a cornerstone of India's financial sector, inspiring generations of aspiring entrepreneurs to dream and succeed. It gives me the courage to pave my way.
According to Forbes, Motilal Oswal's net worth is a whopping $2.7 billion, making him one of India's richest individuals.