Raamdeo Agrawal

Businessman, Chartered Accountant, Stock Market Investor, Co-founder, Chairman of Motilal Oswal Financial Services Limited

Indian Raipur, Chhattisgarh

Quick Info

ProfessionBusinessman, Chartered Accountant, Stock Market Investor, Co-founder, Chairman of Motilal Oswal Financial Services Limited
NationalityIndian
Date of Birth05/04/1957
Age69 years
BirthplaceRaipur, Chhattisgarh

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Bio/Wiki

Raamdeo Agrawal was born into a middle-class Marwari family, and his ancestors hail from Rajasthan. He was born and raised in a small village near Raipur, Chhattisgarh, where he lived until completing elementary school. He then moved to Raipur for further studies and later to Nagpur to graduate.

Physical Stats & More

Height173 cm (5’ 8”)
Eye ColorBlack
Hair ColorBlack

Educational Qualification(s)

Chartered Accountancy (1983)

Relationships & More

Marital StatusMarried

Family

FatherRamgopal Agarawal
MotherName
Siblings
  • Karoon Ramgopal Agarawal
  • Vinay R. Agrawal
  • Sukhdeo Ramgopal Agarawal (marine engineer)
  • Govinddeo R. Agarawal
  • Satish Agrawal
  • Anita Anandmurthy Agrawal
  • Suman Agrawal
SpouseSunita Agarwal
ChildrenVaibhav Agarwal (Fund Manager at Motilal Oswal Asset Management and Founder of Teji Mandi)

Career

Awards, Honours, AchievementsRaamdeo Agrawal was awarded the Rashtriya Samman Patra by the Central Board of Direct Taxes for a consistent track record of the highest integrity in tax payments for a period of 5 years from FY95-FY99. In 2018, he was honoured as the Chhattisgarh Citizen of the Year at the Chhattisgarh Excellence Awards, receiving the award from the Hon’ble Chief Minister of Chhattisgarh, Dr Raman Singh.

Some Lesser Known Facts

1. Agrawal started his career as a sub-broker on the Bombay Stock Exchange in 1987.
2. His interest in investing was sparked when his brother Sukhdeo gave him Rs 4-5 lakhs to buy shares.
3. In 1995, he invested around Rs 10 lakh in Hero MotoCorp shares at Rs 30 apiece, holding onto them for 20 years until they reached Rs 2,600 each in 2015.
4. Raamdeo Agrawal co-founded Motilal Oswal Group, a small stock sub-broking firm in 1987.
5. As Chairman of MOAMC, he created the 'QGLP' Investment Process and 'Buy Right, Sit Tight' philosophy.
6. Agrawal is associated with the Institute of Chartered Accountants of India and the National Committee on Capital Markets of CII.
7. He featured on 'Wizards of Dalal Street on CNBC TV18'.
8. In 1986, he co-authored 'Corporate Numbers Game', along with other books on wealth creation.
9. Warren Buffett is his mentor, and his investment strategy is inspired by him.
10. By reading books like 'Common Stocks and Uncommon Profits', he learned about investing.
11. Agrawal learned the power of compounding from value investor Chandrakant Sampat.
12. He and Motilal Oswal were hostel mates in Mumbai during accountancy studies, but they became friends later.
13. In 2005, his son Vaibhav was kidnapped and rescued after a 15-day operation.
14. Vaibhav's ex-girlfriend reportedly assisted the kidnappers.
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