Early Life
Raamdeo Agrawal was born in Raipur, Chhattisgarh, India, in 1957, into a humble Marwari family. He displayed an early interest in the financial market. He pursued Chartered Accountancy in Mumbai, where he also earned a Bachelor of Commerce degree from the University of Mumbai.
Rise to Success
Agrawal began his career as a sub-broker in 1987. In the same year, he co-founded Motilal Oswal Financial Services (MOFSL) with Motilal Oswal, which has grown into a leading financial services company in India. Agrawal's family owns a significant stake (approximately 36%) in the company. His early understanding of the market helped him co-write the book "Corporate Numbers Game" in 1986. He is also the author of "The Art of Wealth Creation."
Key Business Strategies
Agrawal's business strategies have been centered around value investing, inspired by Warren Buffett. He developed the QGLP (Quality, Growth, Longevity, and Price) investment framework. He has been releasing annual wealth creation studies since 1996, which have become valuable resources for investors.
Philanthropy
In 2023, Agrawal pledged to donate 5% of his stake in Motilal Oswal for charitable purposes, particularly in education, health, and rural upliftment. In October 2024, Agrawal, along with Motilal Oswal, donated 4.24 lakh shares to the Motilal Oswal Foundation.