Motilal Oswal Net Worth 2024: The Wealthy Journey of Motilal Oswal Founder

No doubt Motilal Oswal Net Worth in billion, his name is synonymous with wealth and success in the Indian financial industry. The founder of Motilal Oswal Financial Services, Motilal Gopilal Oswal is one of the richest people in India, with a net worth of over Rs. 13,422 crore (US$1.7 billion) as of June 2023.

But Motilal Oswal’s journey to wealth was not easy. He started his career as a stockbroker in the early 1980s, when the Indian stock market was still in its infancy. He faced many challenges, but he never gave up on his dream of building a successful financial services company.

Motilal Oswal’s hard work and dedication paid off. Today, Motilal Oswal Financial Services is one of the leading financial services companies in India. It offers a wide range of products and services, including brokerage, investment banking, asset management, and wealth management.

In this blog post, we will take a closer look at Motilal Oswal’s net worth and his journey to wealth. We will also discuss some of the key factors that contributed to his success.

Who is Motilal Gopilal Oswal?

Motilal Gopilal Oswal is an Indian businessman and the founder, chairman and managing director of Motilal Oswal Financial Services Ltd (MOFSL). He is a Chartered Accountant and started the business along with co-promoter, Raamdeo Agrawal in 1987.

Full Name	Motilal Oswal
Birth	15 May 1962
Place of Birth	Padru, Siwana, Barmer, Rajasthan
Age	61 years as in 2023
Profession	Businessman (Founder of Motilal Oswal Financial Services Limited)
Religion	Jain
Nationality	Indian
Net Worth	Approx $1.7 Billion
Current Residence	Prabhadevi, Mumbai, Maharashtra
Marital Status	Married
Wife’s Name	Vimla Oswal

Motilal Oswal Early life

Motilal Gopilal Oswal was born in a Jain family in a small village called Padru in Barmer, Rajasthan, India. His dad was a grain trader and a successful businessman. However, instead of doing the same business as his family, Motilal decided to get a formal education.

Motilal Oswal Education

Motilal Oswal started his education in a government school in his hometown, Padru. Before becoming a Chartered Accountant (CA), he went to Falna’s SPU Jain College and got a bachelor’s degree. Later, he moved to Mumbai to study to become a CA.

Motilal Oswal Career

In 1987, while staying at a hostel in Mumbai called Rajasthan Vidyarthi Grih, Motilal Oswal met a friend named Raamdeo Agrawal. Together, they started their own accounting firm after working for a private audit company for some time.

Later, they became sub-brokers at the Bombay Stock Exchange (BSE). At that time, most of the traders there were from Gujarat, but they met a broker who helped them become sub-brokers.

They were given badges with the name Motilal Oswal, which later became the name of their company that they founded in 1989. As time went on, Motilal and Raamdeo divided their responsibilities in the company.

Motilal Oswal took care of the brokering and distribution part of the business, while Raamdeo Agrawal handled the investment banking and asset management part. Under their leadership, Motilal Oswal Financial Services has become one of the top financial services companies in India.

Motilal Oswal is a forward-thinking leader who has created a successful financial services company. He’s a source of inspiration for many people, and his story reminds us that anything is possible if you set your mind to it.

Motilal Oswal Personal life: Family, Wife, Child

Motilal Oswal is a successful businessman and the founder of Motilal Oswal Financial Services Ltd (MOFSL). But he is also a family man who is very close to his wife and son.

Motilal Oswal is a very proud father and he is always supportive of his son’s career. He is also a loving husband and he is very grateful for his wife’s support over the years.

Motilal Oswal Family

Motilal Oswal lives in Mumbai with his wife Vimla Oswal and son Prateek Oswal. Prateek Oswal is married to Natasha Malpani Oswal.

Family Member	Name
Wife	Vimla Oswal
Son	Prateek Oswal
Daughter-in-law	Natasha Malpani Oswal

Motilal Oswal Age

Motilal Oswal was born on May 15, 1962. As of 2023, he is 61 years old.

Motilal Oswal physical appearance

Characteristic	Measurement
Height	5.9 feet (approx)
Weight	Around 70 kg
Skin Tone	Fair
Eye Color	Black
Hair Color	Black

Also Read: Motilal Oswal Mutual Fund 2024: Is MO Mutual Fund Best For You?

Also Read: Sidhu Moose Wala Net Worth 2024: A Success Story of a Punjabi Popular Singer

Motilal Oswal Awards

Motilal Oswal’s awards and recognition presented in a list:

Awards:

1. Outstanding Institution Builder of the year in The AIMA Managing India Awards.
2. Special Contribution award to Indian Capital Markets’ Award by Zee Business.
3. The Hall of Fame for Excellence in Franchising by Franchising World Magazine.
4. Champion of Arthshastra by the Rotary Club.

Recognition:

• Received the Rashtriya Samman Patra from the Government of India for being among the highest income taxpayers in the country for a period of 5 years from FY95 to FY99.

Associations:

• President of the Jain International Trade Organisation (JITO).
• Trustee of “Agarwal-Oswal Chhatravas” at the Rajasthan Vidyarthi Griha, among other social organizations.

Books Authored:

• Authored two books of quotations titled “The Essence of Business & Management” and “The Essence of Life.”

Also Read: Anil Agarwal Net Worth in rupees 2024: Founder and Chairman Of Vedanta Group

Also Read: Bhagwant Mann Net Worth 2024: The Wealthy Journey of a Punjabi Comedian to Politician

Motilal Oswal Net Worth 2024 | Motilal Oswal Net Worth in Rupees

The estimated net worth of Motilal Oswal in 2023 is around Rs. 13,422.1 Crore (US$ 1.7 billion). This is based on his shareholdings in Motilal Oswal Financial Services Ltd (MOFSL), which is a leading financial services company in India.

As of June 30, 2023, Motilal Oswal holds 21 stocks with a net worth of over Rs. 13,422.1 Cr.

Details	Motilal Oswal Net Worth 2024
Motilal Oswal Net Worth in Rupees	Rs. 13,422.1 Crore
Motilal Oswal Net Worth in Dollars	US$ 1.7 billion

Motilal Oswal is the founder and chairman of MOFSL. He started the company in 1987 with a capital of Rs. 1 lakh. Over the years, MOFSL has grown into a multi-billion dollar company with operations in India and abroad. The company offers a wide range of financial services, including broking, investment banking, asset management, and wealth management.

Motilal Oswal is a self-made billionaire. He started his career as a stockbroker and gradually built his business over the years. He is known for his sharp investment acumen and his ability to spot trends in the market. He is also a philanthropist and has donated generously to various social causes.

Motilal Oswal is a living legend in the Indian financial industry. He is an inspiration to many people and his story is a reminder that anything is possible if you set your mind to it.

Also Read: Founder Of Terra LUNA Do Kwon Net Worth 2024: Why Terra LUNA Crash?

Also Read: Ratan Tata Net Worth 2024: A Success Story of an Indian Kind Businessman

Some Laser Known Facts About Motilal Oswal

1. Motilal Oswal is an Indian entrepreneur.
2. He serves as the Founder, CEO, and Managing Director of “Motilal Oswal Financial Services Limited.”
3. Motilal Oswal, along with Ramdev Agarwal, established “Motilal Oswal Financial Services Limited (MOFSL)” in 1987.
4. MOFSL is one of the oldest stock brokerage firms in India.
5. In 2023, Motilal Oswal is 61 years old.
6. His wife is named Vimla Oswal.
7. His son, Pratik Oswal, holds the position of Head of Passive Funds at “Motilal Oswal Asset Management Company.”
8. In 2023, Motilal Oswal Financial Services Limited celebrates its 36th year of existence.
9. The headquarters of Motilal Oswal is known as “Motilal Oswal Tower,” located in Prabhadevi, Mumbai.
10. The company offers a range of services, including Retail Broking & Distribution, Institutional Equities, Mutual Funds, Wealth Management, Investment Banking, Private Equity, and Home Finance.
11. Motilal Oswal is actively involved in various social organizations. He also serves as the President of the Jain International Trade Organization and is a Trustee of “Agarwal Oswal Hostel” at Rajasthan Vidyarthi Griha.
12. Motilal Oswal has authored several books, including “Tales of Wisdom,” “Business Secrets,” “Business Management,” and “Motilal Oswal Multicap 35 Fund.”

Also Read: What is trading: how do newbies learn trading in 2024?

FAQs