Where’s Raamdeo Agrawal?

As one half of Motilal Oswal Financial Services, he was its public face along with his partner of 35 years. He’s now been sidelined. What happened?

In 1987, two men came together to start a sub-broking business. The only staff they had was a peon. Motilal Oswal and Raamdeo Agrawal have come a long way since, weathering multiple crises to build a financial services conglomerate with an over Rs 1,000 crore bottom line.

Motilal Oswal Financial Services (MOFSL), the company they set up, has seen it all—the 1992 securities scam, the great stock market crash of 2001, the global financial crisis of 2008 and the pandemic-induced crash of 2020. Valued at close to $2 billion, it employs over 6,000 people and boasts of having Asia’s largest …


Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking