Motilal Oswal Foundation Disburses?100 Cr to RVG Educational Foundation

for the “2^ndAgrawal Oswal Chhatrawas” in Mumbai

Legacy meets visionto empower the next generation of Chartered Accountants

Mumbai, July 11, 2025: Motilal OswalFoundation, the philanthropic arm of Motilal Oswal Financial Services Ltd., hasdisbursed ?100 crore to RVG Educational Foundation for the 2^nd “AgrawalOswal Chhatrawas,” a landmark residential and educational hostel campus foroutstation Chartered Accountant (CA) aspirants in Mumbai. This is in additionto the 1^st “Agrawal Oswal Chhatrawa” in Andheri West built over adecade ago.

Located in Marol, Andheri East, Mumbai, this campus will comprise two17-storey towers spread across 4,00,000 sq.ft. with state-of-the-art amenitiesincluding a library, mess, fitness zones, wellness spaces, and more, setting anew benchmark in student living and learning. Once constructed, the “2^ndAgrawal Oswal Chhatrawas” could potentially become India’s largestresidential CA hostel and provide a home away from home to over 2,000+deserving CA aspirants.

This philanthropic support aligns with the Motilal Oswal Foundation’scommitment to institution building. It elevates India’s CA educationinfrastructure with scale, safety, and quality while addressing the acutehousing shortage in Mumbai for outstation CA students during their Articleship.

This collaboration holds deep personal meaning for both Mr. MotilalOswal and Mr. Raamdeo Agrawal, who began their professional journeysat an RVG hostel in Mumbai during the early 1980s. This initiative is their wayof giving back to the very place that gave them their start.

Mr. Motilal Oswal, Chairman, MO Foundation, said, “This partnership is deeply personalfor both Raamdeo and me. Both of us came to Mumbai from very rural parts ofIndia, and we know how a supportive, secure environment shapes youngprofessionals. Through this initiative, we want to give thousands of aspiringCAs the same foundation we were fortunate to receive.”

Mr. Raamdeo Agrawal, Co-founder, MOFSL, added, “When I walked into RVG as a young CAstudent, I had big dreams but limited means. That place gave me more than aroof; it gave me purpose. Supporting this project is our way of ensuring nodeserving student is held back due to a lack of opportunity.”

Sunil Goyal, Trustee and President of the RVG Educational Foundation said, “Weare honoured to deepen our partnership with the Motilal Oswal Foundation. Theyhave been our partners since 2008. This is the largest single grant RVG hasever received. This initiative represents vision, values, and a deep commitmentto student success. By creating an environment where young minds feelsupported, we enable them to focus fully on their goals. The outcomes areencouraging; RVG students consistently perform exponentially above the nationalaverage, and this year’s CA Gold Medallist emerged from our campus. With thisnew facility, we look forward to shaping many more such success stories.”

About RVG Educational Foundation

Established in 1957 in Mumbai, RVG EducationalFoundation has been a pioneer in providing holistic residential and academicsupport to outstation CA students. With four operational hostels across Mumbai,RVG currently supports approximately 1,200 students and has empowered over13,000 alumni, including several All-India Rankers and the most recent CAGold-Medalist.

About Motilal Oswal Foundation:

The culture of giving back to society is deeply embedded inMotilal Oswal Group since its inception. From education to supporting socialcauses, the company has consistently sought to give back to society. MotilalOswal Group’s founders decided to go a step further to formalise these socialinitiatives, and Motilal Oswal Foundation was formed in 2011. In 2023, both thefounders of the group pledged 10% equity stake (~ ?4500cr) of their personal holdings in the groupcompany for philanthropy.

The Motilal Oswal Foundation has focused onsupporting philanthropic initiatives in education, healthcare, and communitydevelopment. From funding educational infrastructure at top colleges anduniversities to supporting tribal schools, the Foundation remains committed tofostering meaningful societal change.

https://www.motilaloswal.com/foundation/index.html

For media queries, Contact

Rohini Kute

Head of group Corporate Communication,

Motilal Oswal Financial Services ltd

rohini.kute@motilaloswal.com