In the 30 Years Since Motilal Oswal Financial Services Was Born, It Has Grown Far Beyond Its Broking Origins. Now, Co-founders Motilal Oswal and Raamdeo Agrawal Are Focusing on a Vertical Climb
Three decades make for a long partnership by any measure. For Raamdeo Agrawal, 60, co-founder and joint managing director, and Motilal Oswal, 55, chairman, it has been a particularly interesting one, and not without its share of ups and downs. By their own account, the learnings have been plenty in their journey towards building a successful homegrown financial services firm.
When Motilal Oswal Financial Services Ltd (MOFSL) was set up as a broking house in 1987, it was one of the few professionally managed broking companies to concentrate on research and it went on to become a non-banking financial company. Apart from its traditional business of broking, the company also entered the asset management (AMC) business in 2008 and later set up a housing finance company (HFC) in 2013. Both these businesses have grown at a brisk pace over the last three years and make up a substantial part of the net profit of the company. Not surprisingly, over the last two years, MOFSL has seen its market capitalisation go up by 245 percent to ₹16,000 crore. For FY17, the company had a consolidated revenue of ₹1,818 crore over a net profit of ₹360 crore; its return on equity (ROE), at 22 percent, is a significant climb from 9 percent in FY13.
In an interview with Forbes India, Oswal and Agrawal speak about how they built the company, what worked for them and, importantly, what didn’t. Edited excerpts:
Q How was the start with Motilal Oswal? What were the initial challenges?
この記事は Forbes India の August 4, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Forbes India の August 4, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
