BUSINESS
Motilal Oswal Financial Services (MOFSL) with his friend, Motilal Oswal, starting his career as a sub-broker. His initial portfolio was valued at Rs 10 lakhs, a figure that would see dramatic fluctuations
TRENDING NOW
In the fast-paced world of stock trading, where fortunes can be made or lost in the blink of an eye, few stories are as captivating as that of Raamdeo Agrawal. Starting with nothing but a sharp mind and a burning ambition, Agrawal's journey from a small-town sub-broker to the chairman of a financial empire worth Rs 1,400 crore is nothing short of extraordinary.
Born in a modest family in Raipur, Chhattisgarh, Agrawal’s path to success was anything but ordinary. Armed with a Chartered Accountancy degree from ICAI, he moved to Bombay with dreams bigger than the bustling city itself. In 1987, he co-founded Motilal Oswal Financial Services (MOFSL) with his friend, Motilal Oswal, starting his career as a sub-broker. His initial portfolio was valued at Rs 10 lakhs, a figure that would see dramatic fluctuations before soaring to unimaginable heights.
Agrawal's success was not without challenges. During the Harshad Mehta scam, his portfolio, once valued at Rs 30 crores, plunged back to Rs 10 crores. Yet, instead of retreating, he sought inspiration from his idol, Warren Buffet, even travelling to the United States to learn from the legendary investor. This period of intense study and reflection led him to streamline his portfolio from 225 stocks to just 15, a move that would prove to be transformative.
By 2000, Agrawal's portfolio had grown to Rs 100 crores, laying the foundation for the financial empire that MOFSL is today. His commitment to research and disciplined investment strategies has seen MOFSL grow into a conglomerate with interests in private equity, mutual funds, and more, boasting a market capitalisation of Rs 43,090 crores.
As of 2024, Raamdeo Agrawal's net worth stands at an impressive Rs 15939 crore. A devoted husband to Sunita Agrawal and father to Vaibhav Agrawal, he remains deeply committed to continuous learning, both in the markets and in life. His story is a testament to the power of resilience, knowledge, and unwavering determination.
This employee fired over bizarre reason, rehired after public backlash, check story here…
Jr NTR's Devara makers cut 7-minute scene just 3 days before release due to...
MUDA case: Siddaramaiah refuses to resign as Karnataka CM, says, 'will not...'
Mpox outbreak: Kerala confirms 2nd monkeypox case, man had returned to Ernakulam from...
Another big move by Gautam Adani, his company set to buy stake in...
Railway Minister Ashwini Vaishnaw announces special trains for upcoming festive season
Bhool Bhulaiyaa 3 teaser has Rooh Baba fighting Manjulika, Kartik Aaryan up against Vidya Balan
West Indies legend Dwayne Bravo announces retirement from...
Weather update: IMD issues heavy rainfall warning in 17 states for next three days, check details
In this Indian state, grooms are sent away to their brides' house after marriage, it is...
Malayalam actor Siddique's whereabouts unknown, police intensify search, issue lookout notice
Watch Virat Kohli's gesture when Kanpur ground staff touches his feet, here's viral video
The Big Billion Days Sale 2024: Check dates, offers, best deals on electronics, home appliances
Paracetamol among 53 drugs to fail quality control test: What are the alternatives you can adopt?
Big blow to CSK as Dwayne Bravo part ways, joins this team as...
30-year-old woman collapses at work, dies after manager denies..., company says...
After US, France, UK backs India's bid for permanent UNSC seat
Big blow for BJP as Sunil Jakhar resigns as Punjab chief ahead of Panchayat elections: Report
Bad news for Jr NTR fans, Devara Part 2 has a big update
Husky joins morning aarti, takes social media by storm, internet calls it...; watch viral video
Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
After reducing debt, Anil Ambani's Reliance Infra to now take major decision on...
Good news for these workers, ahead of festive season, Centre increases...
Mukesh Ambani's children, Isha, Akash Ambani shine in Hurun India's list of...
Virat Kohli doesn't want Rishabh Pant in RCB? DC captain lambasts rumors ahead of IPL 2025 auction
IND vs BAN, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs Bangladesh match
Want to time travel? Here's how Google can help you revisit Earth 80 years ago
Bilkis Bano case: SC rejects Gujarat govt's plea seeking review of verdict over certain observations
Mohan Babu robbed of Rs 10 lakh cash from his Hyderabad home, police arrests domestic help
High-Precision Stamping: Key Steps To Ensure Quality And Accuracy
Expert Skincare Tips For A Festive Glow: Dr Shivani Mane’s Guide To Radiant Skin
The Evolving Job Market and Career Choices
Meet Bollywood actress who rejected Shah Rukh Khan’s Kuch Kuch Hota Hai, had her own TV series
Good news for Delhi-NCR! Namo Bharat Metro to pass from 22 stations to reach...
Bihar: 46 people, including 37 children, drown during Jivitputrika festival
Scientists find Earth-like planet in distant solar system, nearly 2 times size of...
Karnataka withdraws general consent to CBI to probe cases in state amid MUDA case row
Sarfira OTT release: When, where to watch Akshay Kumar's remake of Soorarai Pottru