Mr. Motilal Oswal co-founded Motilal Oswal Group (“the Group”) along with Mr. Raamdeo Agarawal, a fellow Chartered Accountant, in 1987. Mr. Oswal is the Managing Director & Chief Executive Officer of Motilal Oswal Financial Services Limited (“MOFSL”).

Their vision was to bring professionalism and transparency in equity broking as also to provide solid research and advisory to clients facilitating for their long term success Under his visionary leadership, the Group has grown from a small sub brokerage unit started by two individuals with no initial capital into one of India’s most respected financial services companies, boasting a market capitalisation of Rs. 40,000+Crore.

Over the years, the Group has diversified into seven key business segments such as Wealth Management Institutional Equities Investment Banking Asset Management Private Wealth, Private Equity and Home Finance ably managed by a robust team of 13,000 employees catering to over 1 crore customers across 550 cities and advises on assets exceeding 6 Lakh Crores Brand.

Motilal Oswal is synonymous with equity expertise (Think Equity, Think Motilal Oswal industry leading research and exemplary integrity as well as transparency professionalism Notably, MOFSL has been featured as a case study at the prestigious Harvard Business School, USA. In a landmark philanthropic initiative, Mr. Motilal Oswal and Mr. Raamdeo Agarawal have pledged 10% of their equity holdings in MOFSL valued at approximately Rs. 4000 Crore towards charitable causes over the next decade. Mr. Oswal is the author of three inspirational books ‘The Essence of Business Management’, ‘The Essence of Life’ and ‘Tales of Wisdom’. These books feature motivational stories and timeless quotations that reflect his profound insights. In addition to his books, he has contributed thousands of thought provoking articles to leading magazines and newspapers, sharing his expertise on business, management, and life.

Mr. Oswal has received numerous prestigious awards and honors in recognition of his exemplary contributions to business, management, and society:

•  Rashtriya Samman Patra: Conferred by the Government of India for being among the highest income tax payers in the country for five consecutive years (FY95-FY99).

•  Excellent Business Achiever: Awarded by the Institute of Chartered Accountants of India (ICAI).

•  Samaj Ratna Award: Presented by Her Excellency, President Smt. Pratibha Patil, at Rashtrapati Bhavan.

•  Outstanding Institution Builder: Recognized by the All India Management Association (AIMA).

•  Hall of Fame for Excellence in Franchising: Awarded by Franchising World Magazine.

•  Suryadatta National Lifetime Achievement Award.

•  Lions Lifetime Achievement Award: Presented by Lions Club International.

•  Lifetime Achievement Award (2023): Conferred by the Jain Chartered Accountants Federation.

•  Top 25 Great Managers (2023): Featured by the Great Manager Institute.

•  Leadership Role: Past Chairman and two term President of the renowned Jain International Trade Organization (JITO).

•  Best CEO The Wealth Creator: Recognised by Business Today India’s Best CEO Awards 2024.

Mr. Raamdeo Agarawal is Non-Executive Chairman of the Company. He started the business along with Co-Promoter, Mr. Motilal Oswal, in 1987. He is an Associate Member of the Institute of Chartered Accountants of India and also a member of the National Committee on Capital Markets of the Confederation of Indian Industry. Mr. Agarawal specialises in Equity Research.

He has been authoring the Annual Motilal Oswal Wealth Creation Study since 1996. In 1986, he wrote the book ‘Corporate Numbers Game’, along with co-author, Late. Ram K Piparia. He has been featured on ‘Wizards of Dalal Street on CNBC TV 18’. He has also authored the book “The Art of Wealth Creation” which compiles insights from his 22 “Wealth Creation Studies”.

Mr. Agarawal has received the “Rashtriya Samman Patra” awarded by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99 and for a consistent track record of highest integrity.

Mr. Navin Agarwal is affiliated with prestigious organizations like Institute of Chartered Accountants of India, Institute of Cost and Works Accountant of India, Institute of Company Secretaries of India and CFA Institute, Virginia. Mr. Agarwal is a part of the Executive Board that drives business strategy and reviews for all businesses besides capital allocation of the Motilal Oswal Group (“the Group”). He joined the Group in 2000 and has been responsible for building a market-leading position in various businesses of the Group. Mr. Agarwal has also co-authored a Book ‘India’s Money Monarchs’.

Mr. Ajay Menon is a Member of the Institute of Chartered Accountants of India and a graduate from N.M. College of Commerce, Mumbai. He is also certified in Series 7, 24 and 63 of the FINRA Regulations.

Mr. Menon has over 27 years of vast experience in Indian Capital Markets. He joined the Motilal Oswal Group in 1998 as an Accounts Manager. Soon he was responsible for operations, compliance, legal, risk management, business process excellence and information technology. He has been the cornerstone of strong track record and a driving force behind the operational excellence of Motilal Oswal Financial Services Limited (“MOFSL”).

Mr. Menon has always demonstrated his aptitude and passion for creating and building several cutting edge technology initiatives to provide the best experience to the customers and also the MOFSL team. He has been instrumental in laying the foundation of the group with a strong focus on Compliance and Risk Management. He has also engineered the development of several state-of-the-art technology initiatives to provide businesses a cutting edge and also a unique value proposition within the spaces they operate. Mr. Menon encouraged building on AI capabilities to improve productivity and introduce newer avenues of business.

Under Mr. Menon’s leadership, many crucial initiatives took shape like a tie-up with banks, new training initiatives for business partners and launch of rob advisory products. Under Mr. Menon’s stewardship, MOFSL has excelled by delivering superior business results even during volatile market conditions. His multi-product strategy helped the organization sustain its revenue in the changing scenario. He has been highly instrumental in garnering various accolades and awards for the MOFSL group.

Mr. Rajat Rajgarhia is Whole-time Director of the Company. He is a qualified Chartered Accountant and holds a master’s degree in business administration from Management Development Institute, Gurgaon. He has previously worked with Indiainfoline and thereafter, joined our Company in 2001 as a Research Analyst. He currently heads the Institutional Equities business in our Company.

Mr. C. N. Murthy is a B.Tech. (Mechanical) graduate from IIT Kharagpur with 1st class (Hons). He is a trained Professional Life/Executive Coach certified by Coaching & Leadership Inc. Canada. He is also a Marshall Goldsmith Stake Holder Centred Coach, with certifications in the practice of DiSC and Lumina Spark personality assessments. He is a PCC Credentialed coach by International Coach Federation. He is a certified facilitator for Accountability training by Partners In Leadership, USA, for programs on Collaboration for Results by Dialogue Works, USA, and for facilitation of Business Simulation Exercises by Business Today, SA.

He has nearly 40 years of experience in the packaging industry working with ITC Ltd. and with a global packaging major, Huhtamaki-PPL Limited (HPPL) (erstwhile The Paper Products Limited), headquartered in Finland and with major operations worldwide. He possesses experience of handling Board level assignments as Executive Director & Chief Operating Officer of HPPL.

Mr. Murthy has 2000+ hours of coaching experience working with senior leadership teams across organizations in India and abroad.  He is actively involved in executive leadership development activity in large business houses across industry segments in India and abroad, working with leaders at C Suite and senior leadership levels over the past 10 years. The assignments involved working with identified highly potential people (HIPOTs) and helping them develop self-awareness, and building the ability to manage greater complexity in their lives.

Mr. Murthy is President of ICF, Mumbai Chapter, and he has been invited as a Key Note and Motivational speaker by various organizations and Associations. 

He is also the sole proprietor of a consulting firm CN Consulting.

Mr. Pankaj Bhansali is a qualified Chartered Accountant with over 20 years of extensive experience in managing and running businesses into financial services. He has an extensive background of delivering results in complex and challenging environments with proven track record of setting up systems, establishing new divisions and creating synergies between various business lines.

He has held the various positions in Religare Enterprise Limited, diversified financial services group, from June 2005 till April 2012 in India as well as in UK. He has worked with and was associated with several other financial services groups.

He is currently the Managing Partner of Arth Capital Advisors Private limited, a boutique investment banking and advisory firm.

Mrs. Divya Sameer Momaya has done B.com from Garware College of Commerce, University of Pune and is a qualified member of Institute of Company Secretaries of India (ICSI) and Qualified Independent Director from IICA and a member of Institute of Directors (IOD). 

Mrs. Momaya is a founder mentor of D. S. Momaya & Co. and possesses more than 16 years of industry experience. She has been into Whole-time Company Secretarial Practice for more than 12 years and is also a Board Mentor. Her Corporate Journey includes experience with Companies like BSEL Infrastructure Realty Limited and Bombay Stock Exchange Limited. 

Mrs. Momaya is also the Founder & Director of MMB Advisors Private Limited - MentorMyBoard. MentorMyBoard is an initiative to train and groom Independent Directors, Women Directors, Executive Directors and Corporate Executives for various Board Positions. It also helps Companies setting up Board processes and policies in companies which helps them in growing at faster pace.

She is the member and working committee member of various eminent organisations like Jain International Trade Organisation (JITO), JITO Angel Network (JAN), IMC Chamber of Commerce and Industry, CIMSME KDO Venture Katalyst etc.

Mr. Chandrashekhar Karnik, after completing his Bachelor of Science from Bombay University, has done Post Graduation in Business Management. He also holds Post Graduate Diploma in Industrial Relations and Personnel Management. In addition to this, he possesses degree in law with specialization in Labor Welfare.

He retired as a Director-Human Resources of the Forbes Group. 

He is a Business focused and strategic HR leader with over 43 years of experience across different industry sectors and verticals in the areas of Human Resource Management.

He has worked with corporates such as Forbes & Company Ltd., Hotel Corporation of India Ltd., FER Electricals Ltd. and Bombay Oxygen Corporation Ltd.  

In an executive role, he was responsible for leading diverse and multicultural teams in a widely diversified Group. In these situations, he had intense involvement in strategic business decision making, planning as well as execution with regard to diversification, restructuring of businesses etc.

He has served as a Non-Executive Director on the Boards of numerous Forbes Group Companies & has vast experience of handling Board level assignments.

Mr. Karnik is a Certified Leadership Coach. He is a Board Member and Advisor to several companies, institutions, businesses and entrepreneur families.  He is also Member, Board of Governors of a leading Private University.

Currently, he is actively engaged in (a) family business consulting, (b) coaching and mentoring of CEO/CXOs and (c) advising companies on strategic HR matters.

He held Chairmanship of Human Resource Committees of number of Management Organizations such as Employer’s Federation of India, Bombay Chamber of Commerce & Industry etc.

He was Employer’s Representative on the National Medical Benefit Council of Employees’ State Insurance Corporation (ESIC). 

Mr. Karnik is a Life member of National Institute of Personnel Management (NIPM) & National Human Resource Development Network (NHRD). 

Mrs. Swanubhuti Jain is a Non-Executive Independent Director of the Company. She holds a post graduate diploma in sales and marketing management from Narsee Monjee Institute of Management Studies and master’s degree in philosophy from Mumbai University. She has previously worked with Accenture Consulting India, Multi Commodity Exchange of India Limited, Asit C. Mehta Investment Intermediates Limited, ICICI Prudential Life Insurance Company Limited, Birla Sun Life Insurance Company Limited, Havmore Insurance Brokers Private Limited; and JITO Incubation and Innovation Foundation. She has been ranked amongst top 20 Managers in India at Aditya Birla Sun Life Insurance in the year 2004. She is a speaker at CNBC Awaaz Show “Startup Nation”. Currently, she is the founder director of Learn 2 Liberate Foundation.

Shalibhadra Shah is Group Chief Financial Officer of Motilal Oswal Financial Services Ltd.
 
He is a qualified Chartered Accountant from Institute of Chartered Accountants of India and Graduated from R.A. Podar College of Commerce & Economics.

He joined MOFSL in 2006. Prior to joining MOFSL, he was leading the Taxation Role at an eminent CA Firm.

Shalibhadra is a Finance professional with 17 years of experience spanning the entire gamut of Finance, Accounts, Taxation & Compliance.

Besides being a Finance professional, Shalibhadra spends his spare time in Spiritual Development, Music & Enhancing Knowledge on Taxation.

Niren Srivastava is the Group Chief Human Resources Officer at Motilal Oswal Financial Services Ltd. (MOFSL), bringing two decades of expertise in the Financial Services industry. With a strong background in HR, Niren has excelled in various areas including HR Business Partnership, Strategic Workforce Planning, Rewards Systems and Wellness led Employee Engagement. He has held leadership positions at various business verticals in the financial services business of Aditya Birla Group, where he successfully implemented HR initiatives. At ABG, he led important HR portfolios across both legacy and start-up businesses and was recognized for his contributions at the financial services & group level as one of role models and distinguished achievers.

Niren holds a Post Graduate degree in HR and is known for his ability to drive impactful strategies that align with the companys goals, fostering a high-performance culture and attracting top talent.

As Group Chief Human Resources Officer, Niren plays a critical role in shaping and implementing strategic HR initiatives at MOFSL. With a focus on aligning HR practices with the companys objectives, he contributes to the development of a thriving work environment where employees are engaged and productive. Nirens extensive experience and expertise having worked across the spectrum of Financial services in India enables him to effectively address the complex challenges of the Financial Services industry and drive people-centric solutions.

With his deep industry knowledge, Niren brings a holistic perspective to his role, empowering the organization to optimize its human capital and drive sustainable growth.

He recently joined us as the Chief Marketing Officer for MOFSL. In this role, he will oversee the marketing function across all of our group entities and will be based out of Motilal Oswal Towers. Sandeep is a PGDM graduate from IIM Ahmedabad and has over 26 years of experience in Marketing, Digital, Product, and innovation across BFSI, Retail, and FMCG sectors. He has previously worked with organizations such as Nippon India Life Asset Management, Big Bazaar, PepsiCo India Holdings, and Reckitt Benckiser.

Pankaj Purohit joined MOFSL in 2004 as a Junior Software Developer, where he was responsible for developing new utilities and managing data across the organization.

Pankajs deep understanding of the market and his exceptional leadership skills have enabled him to successfully drive numerous projects that have helped MOFSL stay ahead in fast-evolving technological landscapes.

He has been instrumental in developing industry-first initiatives such as the Lite Trading System, Mobile Trading Applications, and Paperless KYC, among many others.

Currently, Pankaj leads a team of over 500 members across India as the Group Chief Technology Officer.

Mr. Kailash Purohit is qualified Member of Institute of Company Secretaries of India. He has done Bachelor of Laws from K C Law College and Bcom from Mumbai University.

Mr. Purohit is Head - Group Corporate Secretarial at Motilal Oswal Financial Services Limited, Parent Company since November’2017. Prior to joining Motilal Oswal, he was associated with well known organisations such as L&T Finance Holdings, Capital First Limited (now IDFC First Bank), Tilaknagar Industries Limited & Indian Hotels Company Limited (Taj Hotels).

Mr. Purohit has overall 14 years of experiences in the field Secretarial & Compliance. Since start of the career, Mr. Purohit has been associated with Equity Listed entities alongwith other Regulatory License. His forte is into Listing Compliance, SEBI Regulations such as ICDR Regulations, Takeover Code, Insider Trading norms, NCD regulations, Buyback, etc. He has also monitored & implemented  various complex group restructuring by way of scheme of amalgamations, merger, demerger, slump sale. He has managed various corporate actions like Buybacks, Dividends, Bonus Issue, Right issue, Preferential issue, etc. He also has extensive experience in managing RBI Compliances applicable to NBFC & HFC entities and FEMA Norms applicable to offshore entities. He has also been instrumental in presenting best ESG report as part of Annual Report. As part of daily routine, he actively advise senior management on best corporate governance practices and compliance-related matters at Group level. Over the period, he has also developed broader understanding on Tax & Accounting implications on any corporate events.