Portrait of Motilal Oswal

Rank #2323

Motilal Oswal

Net worth $1.8B

Financial services · India

Born
May 12, 1962
Age
64
Source
Financial services
Residence
Mumbai
Citizenship
India
Marital status
Married
Children
2
Education
Chartered Accountant, Institute of Chartered Accountants of India

Net worth over time

Biography

  • Chartered accountant Motilal Oswal cofounded and chairs Mumbai-headquartered Motilal Oswal Financial Services.
  • From a small stock brooking outfit, Oswal and his billionaire business partner Raamdeo Agrawal, grew it into a financial services firm.
  • In their early days, the duo would walk a mile from the Bombay Stock Exchange to the nearest payphone to take orders from clients.
  • Son of a grain trader, Oswal was the first person in his family to go to college.
  • In 2023, he and cofounder Agrawal pledged to donate 5% of their respective holdings in Motilal Oswal for philanthropic causes such as education, health and rural upliftment.
  • When he was starting out, Oswal was turned down by 60 accountancy firms because he couldn't speak English fluently.
  • Oswal is the chairman of the Jain International Trade Organisation.

Financial assets

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