This man is neighbour to Mukesh, Nita Ambani, lives near Antilia, built billion-dollar business from scratch, net worth is Rs 159651205000, his name is…

Success Story: Some people are born into tremendous wealth and inherit their family businesses. But for others, the journey to success is not easy, and they have to achieve it through sheer hard work. In this story, we will talk about a man who built his own empire through determination and now lives near one of the world’s richest men, Mukesh Ambani, in Mumbai’s Antilia. Motilal Oswal wasn’t born with a silver spoon – his father was a grain trader. He hails from a small village named Padru, which is located in Rajasthan’s Barmer district. Oswal’s success story is an inspiration for young entrepreneurs who want to make an impact in the business world. Let’s learn about Motilal Oswal’s journey.

Who is Motilal Oswal?

Motilal Oswal hails from Padru village, which is located in Rajasthan’s Barmer. Born in a Jain family, Motilal had a comfortable upbringing. His father was a prosperous grain trader.

Motilal Oswal’s Education Qualification

Motilal Oswal completed his graduation from SPU Jain College in Falna. He then moved to Mumbai to study Chartered Accountancy. During his stay at a hostel, he met with a like-minded man who had a profound impact on his journey.

Beginning Of A New Journey

In 1987, Motilal Oswal and Raamdeo Agarwal’s meeting ignited Oswal’s entrepreneurial spirit. Their collaboration marked the beginning of a major financial enterprise.

First Step – Bombay Stock Exchange

Motilal and Raamdeo started their careers with an accounting firm, developing their financial expertise.  Their ambition and risk-taking abilities led them to become sub-brokers at the Bombay Stock Exchange.

Birth of Motilal Oswal Financial Services Limited

In 1989, Motilal and Raamdeo founded Motilal Oswal Financial Services Limited (MOFSL) and after some time their company started gaining traction. Raamdeo took the responsibility of financial work, heading an ardent research team. Whereas Motilal headed customer care, workforce management, and operational strategies.

Motilal Oswal’s Net Worth

As per Forbes’ real-time billionaires list, the net worth of Motilal Oswal is 1.4 billion (approx. Rs 120517394200).  He is one of the richest people in India.

Mukesh Ambani’s Neighbour

Motilal Oswal, CEO of Motilal Oswal Financial Services Ltd, recently acquired two duplex apartments in Mumbai’s ’33 South’ building, near Mukesh Ambani’s residence. These 13th and 17th floor units cost a significant Rs 1.48 lakh per square foot.

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