Private Wealth. And Beyond.
Motilal Oswal Private Wealth understands that your ambitions extend beyond managing investments. They include building your business, growing your wealth, planning succession and creating an enduring legacy.
While private wealth management takes care of your investment needs, business growth and legacy planning require more.
Motilal Oswal Private Wealth brings together over four decades of the Motilal Oswal Group's research-led expertise and an integrated ecosystem spanning Wealth Management, Investment Banking, Asset Management, Institutional Equities, Private Equity, Private Credit and Philanthropy.
This breadth of experience has enabled us to develop expertise not only in private wealth management, but also in helping businesses raise capital, unlock value, access public markets and build enduring legacies. Our conviction in this expertise is reflected in our own investments. As a group, we are among the largest investors in our own investment strategies.
We combine this expertise with unbiased advice and bespoke solutions from India and around the world for Private Wealth. And Beyond.
Our Pillars
Integrated Approach
Your wealth journey is backed by the strength of the Motilal Oswal Group ecosystem. Bringing together expertise across private wealth, investment banking, asset management, broking, institutional equities, private equity, private credit and philanthropy. Our integrated approach enables us to support your ambitions at every stage; from growing wealth and building businesses to planning succession and preserving legacies.
Ideas Backed by Research. Guided by Discipline.
Every recommendation reflects the discipline behind our investment philosophy. Our 70+ member Product, Research and Advisory team combines deep market expertise with our proprietary 4C Fund Manager Framework; a research-led methodology for identifying fund managers through the quality and consistency of their investment process, not returns alone. Guided by our Investment Committee, every recommendation is designed to deliver enduring value through conviction and disciplined decision-making.
Customer Centric Approach
Our experienced Relationship Managers take the time to understand your aspirations, your business and your family's legacy before crafting bespoke strategies tailored to your needs. Backed by over four decades of institutional expertise and an open architecture framework, every solution is designed around you, and evolves with your changing priorities, your business and the generations that follow.
Infinite Possibilities.
Enduring Relationships.
Just as your fingerprints are uniquely yours, so are your aspirations. Each reflects the dreams you hold dear, the values you live by, and the enduring relationships that shape your journey. At Motilal Oswal Private Wealth, we understand your unique needs and walk alongside you every step of the way to enrich your life by unlocking a world of infinite possibilities. With our knowledge-first philosophy, an open architecture framework and the power of group synergy, we craft custom bespoke solutions that ensures your wealth grows in harmony with your vision.
Ideas backed by Research and Process
Good advice is only as strong as the research behind it. Our 70+ member product, research and advisory team curates solutions built around each client's needs — backed by a proprietary 4C Fund Manager Framework to identify exceptional managers and an Investment Committee that ensures every recommendation is grounded in rigorous analysis.
Customer Centric Approach
Building and preserving generational wealth demands more than piecemeal solutions — it requires a comprehensive, institutionalised approach. With over 38 years of expertise, our Relationship Managers bring deep knowledge and the autonomy to craft strategies that are genuinely tailored to your needs. Backed by rigorous research, an open architecture framework and tools that go from advanced portfolio technology to exclusive knowledge-sharing events, we ensure every aspect of your wealth journey is handled with the same level of care and conviction.
4C Manager Selection Framework
The pursuit of alpha is best guided by discipline and frameworks, not prediction and noise. Our selection process is built on a robust and disciplined 4C Manager Selection Framework that goes beyond performance numbers helping us identify fund managers and strategies with repeatable processes, strong governance, and the ability to perform across market cycles, ensuring every portfolio is anchored in quality, discipline, and long-term alignment.
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- Governance Class
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- Skin in the game
- High in Integrity, Credibility & Transparency
- Years of practice & experience of market cycles to take high conviction calls
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- Experience Capability
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- Capability of the Manager, Investment & Research Team
- Efficiency of Client Support, Operations & back-office team
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- Track Record Consistency
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- Emphasis on consistent performance rather than point to point
- Consistency in philosophy and not swaying as per market fads
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- Style Clarity
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- Clearly defined Investment Style & Investment Framework
- Remaining 'True to mandate'
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Our Group's Legacy
Woven Over 3 Decades
1987
Started as a sub-broker outfit as Prudential Portfolio Services
1990-95
Started Retail & Institutional Equities
2006
Capital raised through Private Equity. Enters into Investment Banking, Private Equity, and Wealth Management businesses
2007
Went public with 26.4x oversubscription
2010
AMC launched maiden mutual fund offering
2014
Entered into Affordable Housing Finance Business and started deploying free cash flows into Treasury Investments
2018
Crossed 1 Million customers in wealth management
2024
Assets under Advice (AuA) crossed ₹4 Tn with 10,000+ employees
Q4 FY26
Recorded the highest ever Quarterly Operating PAT of ₹611 Crores / $64.2 Million USD with total customer count of 1.53 Crores+
Awards & Recognition
2018 & 2019
Best Boutique Wealth Manager India
The Asset Triple A Awards
2020
Excellence in Designing Learning Content Award
Transformance Forum Awards
Best Boutique Wealth Manager India
The Asset Triple A Awards
2021
Outstanding Wealth Management Tech Initiatives Back Office
Private Banker Intl Global Wealth Awards
Best Wealth Manager India – Highly Commended
The Asset Triple A Capital Awards
2022
Best Digital Private Bank India
Asiamoney Private Banking Awards
Outstanding Private Bank for Growth Strategy
Private Banker Intl Global Wealth Awards
Best Wealth Manager India
The Asset Triple A Private Capital Awards
2023 & 2024
Best Wealth Manager – India
The Asset Triple A Private Capital Awards
Outstanding RM Training & Development Programme – Highly Commended
Private Banker Intl Global Wealth Awards
2025 & 2026
Outstanding RM Training Programme – Winner
Private Banker Intl Global Wealth Awards
Best Wealth Manager – India
The Asset Triple A Private Capital Awards
Leadership team
Board Members
Mr. Raamdeo Agrawal
Chairman & Co-founder, MOFSL
Raamdeo Agrawal is the Chairman and Co-founder of Motilal Oswal Financial Services Limited (MOFSL), one of India's most prominent and diversified financial services firms. Co-founded with Mr Motilal Oswal in 1987, MOFSL today spans Retail Wealth Management, Institutional Equities, Asset Management, Private Wealth, Investment Banking, Private Equity, and Home Finance serving over 14 million clients across India and APAC.
A qualified Chartered Accountant with more than decades in equity investing, Agrawal is the key architect of the QGLP (Quality, Growth, Longevity & Favourable Price) investment framework and the widely adopted "Buy Right, Sit Tight" philosophy. He has been instrumental in building a research-driven, conviction-based investment culture within the group. He is also the Chairman of Motilal Oswal Asset Management Company (MOAMC).
Since 1996, Agrawal has authored the annual Motilal Oswal Wealth Creation Study among the most anticipated investing references in India, now in its fourth decade. His market insights have also reached wider audiences through his books Corporate Numbers Game (co-authored, 1986) and The Art of Wealth Creation and through his appearances on multiple TV channels and podcasts.
Agrawal's contributions have earned consistent recognition. He received the Rashtriya Samman Patra from the Central Board of Direct Taxes for sustained integrity in tax compliance, and was honoured as Chhattisgarh Citizen of the Year at the Chhattisgarh Excellence Awards 2018, presented by the then Chief Minister Dr Raman Singh.
An influential voice in Indian finance, Raamdeo Agrawal continues to shape market thinking through rigorous research, long-term conviction, and an unwavering commitment to investor education.
Mr. Motilal Oswal
CEO & Co-Founder, MOFSL
Motilal Oswal co-founded Motilal Oswal Financial Services Ltd. (MOFSL) along with Raamdeo Agrawal, a fellow Chartered Accountant, in 1987.
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, MOFSL 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 ₹35,000+ crores.
Over the years, MOFSL 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, Motilal Oswal Financial Services Ltd. has been featured as a case study at the prestigious Harvard Business School, USA.
In a landmark philanthropic initiative, Motilal Oswal and Raamdeo Agrawal have pledged 10% of their equity holdings in MOFSL—valued at approximately ₹3,500 crores—towards charitable causes over the next decade.
Books Authored
Motilal 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.
Awards and Accolades
Motilal 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).
Mr. Navin Agarwal
Group Managing Director, MOFSL
Mr. Navin Agarwal is affiliated with prestigious organisations like the 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'.
Prior to joining Motilal Oswal Home Finance, Navin held the position of Business Head at DCB Bank Ltd, where he played a pivotal role in driving business growth and leading high-performing teams. His leadership is expected to further strengthen our business operations and fuel the next phase of growth.
Private Wealth Leadership
Ashish Shanker
MD & CEO,
Motilal Oswal Private Wealth
Ashish Shanker is an alumni of the Harvard Business School and a Business Management graduate from the University of Bangalore in India. He began his capital market career as a research executive for a leading brokerage firm. Subsequently, he worked in the asset management industry for over six years and the last 17 years in private wealth management across organisations such as Standard Chartered, Bank Sarasin in sales, investment advisory, research, and product roles. He has won several accolades during his stint at these organisations.He is the architect of the investment platform at Motilal Oswal Private Wealth and is responsible for creating our highly acclaimed 4C framework for selecting fund managers as well as the Delphi platform of solutions. He is a regular invitee on leading business channels and has authored several articles in leading economic dailies.
Anupam Guha
MD & CEO,
Motilal Oswal Private Wealth
Anupam Guha is a distinguished leader in private wealth management with over two and a half decades of experience advising Family Offices and UHNIs. As the MD & CEO at Motilal Oswal Private Wealth, he plays a pivotal role in shaping the firm's long-term strategy and strengthening its position as a leading wealth management platform. Renowned for building and scaling high-performing teams, he combines product development and advisory innovation with deep insight into HNI and UHNI client needs to deliver superior outcomes.
Anupam has previously led ICICI Securities as the Business Head for Private Wealth Management, Assets, NRI Services, and the Equity Relationship Group (PCG). He also headed Investment Advisory and Portfolio Management Services. His 24-year tenure at ICICI Group included key leadership roles at ICICI Bank and ICICI Securities, as well as international experience in the Middle East - strengthening his global perspective on wealth creation and portfolio strategy.
Anupam blends industry insight with a forward-looking approach to technology and advisory excellence. His disciplined mindset and passion for ultra-marathon running reflects in his commitment to delivering differentiated value to clients and building a world-class wealth management ecosystem.
Akash Hariani
Joint Managing Director,
Motilal Oswal Private Wealth
A highly respected leader in the wealth management industry, Akash Hariani brings over 25 years of deep expertise in advising Family Offices and Ultra High Net Worth Individuals (UHNIs). Prior to joining Motilal Oswal Private Wealth, he spent 21 years at Kotak Mahindra Bank, where he played a pivotal role in building and scaling bespoke wealth management solutions tailored to the complex needs of UHNI clients, while also driving client engagement and business growth.
Akash began his professional journey at TCFC Securities and later held a key leadership role at Avendus Wealth Management's Multi-Family Office as Executive Director. There, he was instrumental in strengthening the multi-generational family wealth vertical and enhancing long-term advisory capabilities.
With extensive experience across UHNI and Family Office ecosystems, Akash has earned a strong reputation for strategic insight, trusted counsel, and execution excellence. In his current role, he is instrumental in shaping and accelerating the growth strategy of Motilal Oswal Private Wealth, both in India and internationally.
Sandipan Roy
Chief Investment Officer,
Motilal Oswal Private Wealth
Sandipan Roy is currently the Chief Investment Officer at Motilal Oswal Private Wealth in Mumbai, bringing over 2 decades of experience to the role. As CIO, he oversees the product development, research, portfolio management and advisory functions for the Private Wealth business. Sandipan holds a degree in Mechanical Engineering and a PGDM from IIM Kozhikode.
With the rich experience in the investment industry, Sandipan is a recognised expert in product structuring, portfolio management, business development, research and advisory. He has worked in various capacities with Credit Suisse, ICICI Securities, UTI MF, ING Investment Management and Cognizant Technology Solutions in his career.
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