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Motilal Oswal
Rank #2409
INDIA•Finance & Investments•Financial services

Motilal Oswal

Net Worth
$1.669B
-3.45% (24h)
Motilal Oswal is an Indian businessman and chartered accountant. He is the co-founder, chairman, and managing director of Motilal Oswal Financial Services Ltd (MOFSL), a leading financial services firm. Born in Rajasthan, Oswal's journey began with a vision to bring professionalism and research-driven advisory to equity broking. He co-founded MOFSL in 1987, transforming it from a small sub-broking unit into a financial services conglomerate. His source of wealth is primarily from financial services. As of March 25, 2026, Motilal Oswal's net worth is estimated to be 1.5 billion USD. He is known for his focus on value investing and has received numerous awards for his contributions to the capital markets and business. In 2023, he pledged to donate 5% of his holdings in Motilal Oswal for philanthropic causes.

How to read Motilal Oswal's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Motilal Oswal, we anchor the narrative to Financial services and Financial services, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.669B alongside global rank #2409, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (INDIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Motilal Oswal was born in 1962 in Padru village, Barmer, Rajasthan, India. He came from a Jain family, and his father was a grain trader. Oswal decided to pursue formal education, studying at S.P.U. Jain College in Falna before moving to Mumbai to study Chartered Accountancy (CA).

Rise to Success

In 1987, Motilal Oswal co-founded Motilal Oswal Financial Services Ltd. (MOFSL) with Raamdeo Agrawal. Starting as a small sub-broking unit, they aimed to bring professionalism and transparency to equity broking. Under Oswal's leadership, the company expanded significantly. He focused on customer support, HR, operations, and expansion of the franchise network. Over the years, MOFSL diversified into wealth management, asset management, investment banking, and other financial services. The company's client base was around 7.3 million at the end of June 2024.

Key Business Strategies

Motilal Oswal's success is attributed to his focus on value investing and long-term strategies. The company has delivered good profit growth and has a good return on equity (ROE) track record. A key strategy was building a strong research team and offering research-backed advisory services. MOFSL focused on building a strong knowledge-first culture and has also been recognized as a Great Place to Work.

Philanthropy

In 2023, Motilal Oswal and co-founder Raamdeo Agrawal pledged to donate 5% of their respective holdings in Motilal Oswal for philanthropic causes, including education, health, and rural upliftment. He co-founded Rishihood University in 2020.

Career Timeline

2023

Philanthropic Pledge

Pledged 5% of personal holdings in Motilal Oswal Financial Services for philanthropic causes.

2020

Co-founded Rishihood University

Established Rishihood University, a non-profit institution dedicated to fostering leadership and entrepreneurship education.

2010

Set up a Mutual Fund Business

Set up Motilal Oswal Asset Management Company (MOAMC).

2006

Entered into Private Equity Fund

MOFSL expanded its services to include Private Equity.

2005

Entered into Investment Banking

MOFSL expanded its services to include investment banking.

1989

Company Name

Badge issued with the name Motilal Oswal, which subsequently became the name of the company they founded.

1987

Co-founded Motilal Oswal Financial Services Ltd. (MOFSL)

Co-founded Motilal Oswal Financial Services as a sub-broking unit.

Philanthropic Impact

Education, Health and Rural Development$XB

Education, health and rural upliftment

Pledged 5% of his stake for philanthropic causes.

Net Worth History

In-Depth Analysis

Early Life

Motilal Oswal was born in 1962 in Padru village, Barmer, Rajasthan, India. He came from a Jain family, and his father was a grain trader. Oswal decided to pursue formal education, studying at S.P.U. Jain College in Falna before moving to Mumbai to study Chartered Accountancy (CA).

Rise to Success

In 1987, Motilal Oswal co-founded Motilal Oswal Financial Services Ltd. (MOFSL) with Raamdeo Agrawal. Starting as a small sub-broking unit, they aimed to bring professionalism and transparency to equity broking. Under Oswal's leadership, the company expanded significantly. He focused on customer support, HR, operations, and expansion of the franchise network. Over the years, MOFSL diversified into wealth management, asset management, investment banking, and other financial services. The company's client base was around 7.3 million at the end of June 2024.

Key Business Strategies

Motilal Oswal's success is attributed to his focus on value investing and long-term strategies. The company has delivered good profit growth and has a good return on equity (ROE) track record. A key strategy was building a strong research team and offering research-backed advisory services. MOFSL focused on building a strong knowledge-first culture and has also been recognized as a Great Place to Work.

Philanthropy

In 2023, Motilal Oswal and co-founder Raamdeo Agrawal pledged to donate 5% of their respective holdings in Motilal Oswal for philanthropic causes, including education, health, and rural upliftment. He co-founded Rishihood University in 2020.

Data Sources & Methodology

Figures for Motilal Oswal are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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