Billionaires Motilal Oswal and Raamdeo Agrawal are targeting a tenfold profit increase at Motilal Oswal Financial Services (MOFSL) over the next decade, while preparing the next generation for leadership and giving senior professionals a bigger role in the Rs 60,000 crore group’s future.
In a wide-ranging exclusive interview with ET Markets, the 64-year-old Oswal laid out how his 38-year-old son Pratik Oswal and Raamdeo’s son Vaibhav Agrawal, 37, have moved onto the group's board, alongside a broader plan that treats Group Managing Director Navin Agarwal as effectively equivalent to a promoter, even though he is a professional rather than a family member.
