Ramdeo Agrawal, Joint MD & co-founder, Motilal Oswal Financial Services Limited is a distinguished stock market investor who made a fortune of 1000 Cr starting from Zero. Ramdeo Agrawal is a value miner and brain behind popular wealth creation study report of Motilal Oswal . He does a lot of research when it comes to investment.
Raamdeo Agrawal has got a real skill to identify future multi-bagger stocks. He is a self-made millionaire with asset worth 1000 Cr. You must be wondering that how he has done it. Well here is a success story of research expert and stock market analyst, Raamdeo Agrawal.
Motilal Oswal , beginning with him, his story starts from the village of Padru in Barmer near the Indo-Pak border, where his father was a grain trader. Despite always having the option of joining the family business, Oswal decided to first get a complete education and see what options the world had in store for him. “If things went bad, I could always go back and trade grain, no?" he says.
It was while studying for chartered accountancy in Mumbai that Oswal met and befriended Ramdeo Agarwal, who stayed with him in the same hostel—Rajasthan Vidhyarthi Griha in Andheri. Agarwal, in Oswal’s words, was a hard-working fellow with a very bookish bent of mind. “He was always reading balance sheets and doing research and calculating numbers." It was also around this time that Oswal discovered this “animal called the stock market". Both friends immediately spotted an opportunity.
Ramdeo Agrawal was from middle-class family. He was living in a village in a remote place where there were no electricity and proper roads. After completing regular education, Ramdeo Agrawal decided to study chartered accountancy in Mumbai. Ramdeo struggled a lot and took five years for the completion of chartered accountancy.
The whole exchange were run by Gujaratis. The floor was full of Gujarati traders and all official circulars and documents were published in that language. But Agarwal was able to get in touch with a broker who promised to get them a sub-broker’s position on the floor as soon as a position fell vacant.A few months later, the solitary sub-broker badge was made in the name of “Motilal Oswal". The name of their enterprise has stuck ever since.
They teamed up and decided to enter in the stock market after completion of a study. They established “Motilal Oswal” sub-broking firm in 1987. From small sub-broking firm Motilal Oswal has become a big financial service provider today.
Mr.Agrawal made a lot of money from the stock market as he is extremely good at selecting a stock. He is an analyst and value investor, his first multi-bagger stock pick was Hero Honda in 1997. Looking at upcoming business opportunity in motorcycle business he invested in Hero Honda stock. He was correct. Hero Honda has turn out to be first multi-bagger stocks for him.
The next pick of Raamdeo was Infosys in 1998 where he could see an opportunity of a global Y2K boom. The journey continues with a stock pick of Airtel, where an opportunity was identified for mobile business.
Mr. Raamdeo Agrawal is very generous when it comes to sharing knowledge. Motilal Oswal,the company, which saw its shares more than double in the past year, now offers a range of services including investment banking and mutual fund.
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