Motilal Oswal is an Indian businessman. He is the founder,

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

and

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Motilal Oswal Financial Services Motilal Oswal Financial Services Limited is an Indian financial services company offering a range of financial products and services. The company was founded by Motilal Oswal and Raamdeo Agrawal in 1987. The company is listed on BSE and NSE ...

Ltd (MOFSL) which he co-founded with

Raamdeo Agrawal Raamdeo Agrawal is an Indian businessman, stock market investor and Chairman of Motilal Oswal Group which he co-founded with Motilal Oswal in 1987. According to Forbes he had a net worth of $1 billion in 2018 but dropped off their list of billio ...

in 1987.

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.

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.

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 * Special Contribution award to Indian Capital Markets’ Award by Zee Business * The Hall of Fame for Excellence in Franchising’ by Franchising World Magazine *Champion of Arthshastra’ by the Rotary Club

Recognition

Oswal has received the Rashtriya Samman Patra 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. 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. He has authored two books of quotations on ''The Essence of Business & Management'' and ''The Essence of Life''.

References

{{DEFAULTSORT:Oswal, Motilal Businesspeople from Mumbai Businesspeople from Rajasthan Rajasthani people Living people Indian accountants Year of birth missing (living people) Indian investors Indian Jains