This man’s journey began from a small village in Rajasthan called Padru. Born into a Jain family, his father was a grain trader. He got a comfortable upbringing but rather opting for family trade he choose education. Motilal Oswal now lives near Mukesh Ambani’s home Antilia and his net worth is Rs 159651205000, as per Forbes. Know his success story.
Success Story: Some people are born with a silver spoon and take their family business to new heights. But for others, the journey is not as easy, and they build their own fate through sheer hard work and passion. This story is about a man who created his own fortune and now lives near India’s richest man – Mukesh Ambani’s home Antilia in Mumbai. It is quite an achievement for someone whose father was a grain trader. Motilal Oswal’s life has been nothing short of a rollercoaster ride. His journey began in a small village called Padru, which is located in Rajasthan’s Barmer. Let’s know his success story.
Who is Motilal Oswal?
Motilal Oswal’s journey started from Padru village which is close to the international border. he was born into a peace-loving Jain family. Motilal’s father was a prosperous grain trader. He got an comfortable upbringing. However, Motilal opted to study further rather the family trade.
Motilal Oswal’s Education Qualification
Motilal Oswal embarked on his educational pursuit at SPU Jain College in Falna, laying the foundation of his future ambitions. Driven by his dreams and passion for knowledge, he relocated to Mumbai to pursue Chartered Accountancy. During his stay at a hostel in Mumbai, he came across a like-minded individual who had a profound impact on his journey.
A Strong Friendship And Beginning Of A New Journey
In 1987, Motilal met Raamdeo Agarwal. Raamdeo’s aspirations sparked entrepreneurship within him. Together, they set off on a thrilling expedition, laying the groundwork for what would soon blossom into a force within the realm of finance.
First Step – Bombay Stock Exchange
They began their journey into the business world by establishing an accounting firm. This wa the time when the duo honed their skills and gained deep insights into the puzzling world of finance. An ambition to create a legacy and the willingness to take risks led Motilal and Raamdeo to seize an opportunity to become sub-brokers at the Bombay Stock Exchange.
Birth of Motilal Oswal Financial Services Limited
In 1989, Motilal and Raamdeo solidified their partnership and founded – Motilal Oswal Financial Services Limited (MOFSL). Their commitment to excellence and creative innovation became the pillars of their success. As the company started gaining traction, they segregated their roles with precision- Raamdeo took the reins of the financial realm, spearheading an ardent research team, whilst Motilal became the beacon of customer care, workforce management, and operational strategies, and fueled the expansion of the franchise network.
Today, Motilal and Raamdeo’s visionary leadership have established MOFSL as a major player of the Indian financial sector.
Motilal Oswal’s Net Worth
As per Forbes, Motilal Oswal’s net worth stands at a whopping USD 1.9 billion (approx. Rs 159651205000). making him one of the richest people in India.
Mukesh Ambani’s Neighbour
Motilal Oswal, the Managing Director and CEO of Motilal Oswal Financial Services Ltd, lives near Mukesh Ambani’s home – Antilia. Last year, he made a hefty purchase of duplex apartments located on the 13th and 17th floors of ’33 South’. Each square foot of these luxurious apartments cost him a staggering Rs 1.48 lakh.