Raamdeo Agrawal

Raamdeo Agrawal is an Indian businessman, stock market investor and Chairman of Motilal Oswal Group[1] which he co-founded with Motilal Oswal in 1987. According to Forbes he had a net worth of $1 billion in 2018 but dropped off their list of billionaires in 2019.[2]

Life

Agrawal was born in a middle-class Marwari family. He was brought up in a village in Chhattisgarh.[2] He moved to Mumbai to study to become a chartered accountant.His ancestors belong to Rajasthan[2]

Career

Agrawal pursued chartered accountancy in Mumbai and began his career as a sub-broker in 1987.[3] He co-founded Motilal Oswal Financial Services and his family today owns about 36% of the company.[4] In 1986, he wrote the book Corporate Numbers Game, along with co-author Ram K Piparia. He also authored the book The Art of Wealth Creation. Agrawal was awarded the Rashtriya Samman Patra by Central Board of Direct Taxes for a consistent track record of highest integrity in tax payments for a period of 5 years from FY95-FY99.He considers Warren Buffett as his mentor and says that his investment strategy is largely inspired by him. He attends the AGM of Berkshire Hathaway every year and believes that Letters written by Warren Buffett to company's shareholders has teaches a lot of things.

References
  1. "India is a fantastic launching pad for economic boom: Raamdeo Agrawal". The Week. Retrieved 2020-11-01.
  2. "Raamdeo Agrawal". Forbes India. Retrieved 2020-07-23.
  3. "BOOKMARK: Raamdeo Agrawal on the 5 books that made him a better investor". cnbctv18.com. Retrieved 2020-11-01.
  4. Redmond, Nupur Acharya,Tom (2017-06-07). "Raamdeo Agrawal, self-made $900 million man, says India must swap hope for action". Mint (newspaper). Retrieved 2020-07-23.
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