Motilal Oswal

Motilal Oswal is an Indian businessman. He is the founder, chairman and managing director of Motilal Oswal Financial Services Ltd (MOFSL) which he co-founded with Raamdeo Agrawal in 1987.[1]

Motilal Oswal
Born
Padru, Siwana, Barmer, Rajasthan
Alma materThe Govt School, Padru CFO Institute of Chartered Accountants of India
Occupation(s)Co – Promoter, Chairman & Managing Director of Motilal Oswal Group
Websitewww.motilaloswal.com

Early life

Oswal was born to a Jain family in a small village of Padru in Barmer, Rajasthan near the international border. His father was a grain trader and a well to do businessman. However instead of joining the family trade, Oswal decided to pursue formal education. He studied at the SPU Jain College in Falna before moving to Mumbai to study CA. In 1987 during his stay at a Mumbai hostel, the Rajasthan Vidyarthi grih Oswal met Raamdeo Agarwal, his friend with whom he later founded his company MOFSL.[2]

Career

After working with a private audit firm for a while Oswal and Agarwal started their own accounting firm. They later decided to join the BSE as sub brokers. During those times the exchange was dominated by Gujarati traders, however the duo met a broker on the floor who got them a sub broker position at the BSE. They were issued a badge with the name Motilal Oswal which subsequently became the name of their company they founded in 1989. Over time both friends demarcated their responsibilities in their company. While Agarwal looked into finance with his 40-member research team, Oswal took charge of customer support, HR, operations and expansion with franchisee network.[3]

Awards

For his work and contribution to the capital markets, Oswal has received several awards including:

  • Mr. Motilal Oswal, Chairman & MD is awarded as Outstanding Institution Builder of the year in The AIMA Managing India Awards[4]
  • Special Contribution award to Indian Capital Markets’ Award by Zee Business [5]
  • The Hall of Fame for Excellence in Franchising’ by Franchising World Magazine [6]
  • Champion of Arthshastra’ by the Rotary Club [7]

Recognition

Oswal has received the Rashtriya Samman Patra[8] awarded by the Government of India for being amongst the highest income taxpayers in the country for a period of 5 years from FY95–FY99.[9]

Oswal is associated with various social organisations. He is the President of the Jain International Trade Organisation (JITO) and a Trustee of "Agarwal-Oswal Chhatravas" of the Rajasthan Vidyarthi Griha; among others.[10]

He has authored two books of quotations on The Essence of Business & Management and The Essence of Life.

References
  1. " Motilal Oswal online trading" Archived 2010-04-23 at the Wayback Machine. Retrieved 2010-04-24.
  2. Vadukut, Sidin (1 November 2008). "Motilal Oswal | When everyone knows your name". mint. Retrieved 4 March 2022.
  3. Vadukut, Sidin (1 November 2008). "Motilal Oswal | When everyone knows your name". mint. Retrieved 4 March 2022.
  4. "Archived copy". www.aima.in. Archived from the original on 20 April 2018. Retrieved 14 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  5. "Zee Business organizes Financial Markets conclave". 9 January 2009.
  6. "Motilal Oswal". Retrieved 10 July 2020.
  7. "Motilal Oswal". Retrieved 10 July 2020.
  8. "Motilal Oswal Financial Services Ltd". Retrieved 10 July 2020.
  9. " Mr. Motilal Oswal was awarded the “Rashtriya Samman Patra” by Central Board of Direct Taxes for a period of 5 years from 1995 to 1999". Retrieved 2009-03-09.
  10. "Rajasthan Vidyarthi Griha". Retrieved 26 May 2021.
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