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Billionaire Profile
Raamdeo Agrawal
Global Rank
#1640

Image: Public domain | via Wikimedia Commons

Raamdeo Agrawal

CEO, Motilal Oswal Financial Services
IN
Real-Time Net Worth
$1.7B
As of December 2025
Age
69
Source
Financial services
Industry
finance-investments
Citizenship
IN

Biography

Raamdeo Agrawal, a prominent figure in the Indian financial landscape, is a self-made billionaire renowned for his expertise in financial services. As the co-founder and chairman of Motilal Oswal Financial Services (MOFSL), he has been instrumental in shaping the Indian financial market. Agrawal's net worth is estimated at $1.7 billion as of December 2024. His career began as a sub-broker in 1987. His achievements include authoring 'The Art of Wealth Creation' and pioneering the QGLP (Quality, Growth, Longevity, Price) investment philosophy. Agrawal's wealth source is financial services, and his commitment to research and education is evident through his annual Wealth Creation Study.

Wealth Over Time

In-Depth Profile

Early Life

Raamdeo Agrawal was born in 1956 in Raipur, Chhattisgarh. He came from a modest background. Agrawal moved to Mumbai to pursue his education. He graduated as a Chartered Accountant (CA) in 1980. He graduated with a B.Com from the University of Mumbai and holds a Chartered Accountant from the Institute of Chartered Accountants of India.

Rise to Success

Agrawal began his career as a sub-broker in 1987. In the same year, he co-founded Motilal Oswal Financial Services (MOFSL) with Motilal Oswal. This venture started as a small broking unit. The company has since grown into a leading financial services firm in India.

Key Business Strategies

Agrawal is known for his value investing approach and research-based investment philosophy. He developed the QGLP method (Quality, Growth, Longevity, Price) for investment analysis. He is a proponent of a buy-and-hold strategy, focusing on long-term investments in quality companies.

Philanthropy

In 2023, Agrawal pledged to donate 5% of his stake in Motilal Oswal to philanthropic causes. The focus areas of philanthropy include education, health, and rural upliftment.

Career Milestones

1987

Co-founded Motilal Oswal Financial Services

Established MOFSL as a sub-broking firm with Motilal Oswal.

1996

Launched the Wealth Creation Study

Initiated an annual analysis of Indian companies to identify top wealth creators.

2007

IPO for MOFSL

Motilal Oswal Financial Services went public.

2023

Philanthropic Pledge

Pledged to donate 5% of his MOFSL stake to charity.

Philanthropy & Social Impact

Education, Health, and Rural Upliftment

Philanthropic causes

$XB

Supporting education, health, and rural upliftment.

Business Philosophy & Leadership

Notable Quotes

"“I was a voracious reader of balance sheets.”"

"“What happens is that entrepreneurship isn't a straight line. Today, there is a headwind. Tomorrow, there'll be a tailwind. The real thing is that it's a chakravyuh.”"

Leadership Principles

Value Investing

Focusing on buying businesses, not just stocks, and holding for the long term.

Research-Based Investment

Emphasizing in-depth research and analysis before making investment decisions.

QGLP Methodology

Using Quality, Growth, Longevity, and Price as key factors for investment.

Controversies & Challenges

1990s

Market Fluctuations during Harshad Mehta scam

His portfolio declined from ₹30cr to ₹10cr during the Harshad Mehta scam.