Forbes India – August 4, 2017

By Pravin Palande

Joshua Navalkar

In the 30 years sInce

MOTil Al OSwAl

FinAnciAl SeRviceS

was born, It has

grown far beyond Its

brokIng orIgIns. now,

co-founders MotIlal

oswal and raaMdeo

agrawal are focusIng

on a vertIcal clIM b

The

House

That

They

Built

August 4, 2017 forbes india | 47

T

hree decades make

for a long partnership

by any measure. For

Raamdeo Agrawal, 60,

co-founder and joint

managing director,

and Motilal Oswal, 55, chairman, it

has been a particularly interesting

one, and not without its share of ups

and downs. By their own account, the

learnings have been plenty in their

journey towards building a successful

homegrown financial services firm.

When Motilal Oswal Financial

Services Ltd (MOFSL) was set up as

a broking house in 1987, it was one

of the few professionally managed

broking companies to concentrate on

research and it went on to become

a non-banking financial company.

Apart from its traditional business of

broking, the company also entered the