Ramdev Agarwal is an Indian businessman, stock market investor and co-founder and chairman of Motilal Oswal Group.
Contents
Wiki/Biography
Ramdev Aggarwal was born on Friday, 5 April 1957 (age 66 years; as of 2023) in a village near Raipur, Chhattisgarh. His zodiac sign is Aries. After completing his schooling in Raipur, he moved to Mumbai to pursue higher education. There he studied B.Com from Bombay University. He completed his Chartered Accountancy in 1983.
Physical Appearance
Height (Approx): 5′ 8″
Hair Color: Black
Eye colour: black
Family
Ramdev Aggarwal was born in a middle-class Marwari family in Rajasthan.
parents and siblings
Ramdev Agarwal’s father’s name is Ramgopal Agarwal. He has five brothers, Karun Ramgopal Agarwal, Vinay R. Aggarwal, Sukhdev Ramgopal Aggarwal, Govinddev R. Agarwal, and Satish Agarwal, and two sisters, Anita Anandamurthy Agarwal and Suman Agarwal. Sukhdev Aggarwal was a marine engineer.
wife and children
Ramdev Aggarwal is married to Sunita Aggarwal. They have a son named Vaibhav Agarwal, who is a fund manager at Motilal Oswal Asset Management and founder of Teji Mandi. Vaibhav is married to Vedika Karnani (Agarwal).
Ramdev Agarwal’s wife, Sunita Agarwal (left), with Achyut Samant (founder of KIIT)
Vaibhav Agarwal, son of Ramdev Agarwal
livelihood
Aggarwal started his career as a sub-broker at the Bombay Stock Exchange in 1987, crowding inside a hall and shouting orders under the open shout system. Talking about the beginning of his investment journey in an interview, Aggarwal said that once his brother Sukhdev wanted to save Rs 4-5 lakh as his supplementary income, and he suggested him to buy shares instead of putting the money in bank deposits. Gave. Sukhdev entrusted Agarwal with the responsibility of developing a portfolio of money. Managing his brother’s money helped Agarwal understand how the markets work. In 1987, Motilal Oswal and Ramdev Agarwal founded Motilal Oswal Group, a small stock sub-broking firm.
Ramdev Aggarwal and Motilal Oswal
As a sub-broker, he was able to build a portfolio of only Rs 10-15 lakh by 1990. Subsequently, he used all his earnings to buy membership of BSE. This was during the Harshad Mehta bull run when he earned Rs 30 crore in 20 months by investing Rs 15 lakh. Eventually, the company started offering a range of services including investment banking in 2005, private equity funds in 2006, and mutual funds in 2010. Later, the company transformed into a financial conglomerate by entering into wealth management, housing finance and portfolio management services. (PMS) also. In FY 2016, MOFSL earned revenue of Rs 1,055 crore and net profit of Rs 163.32 crore. As of 2017, Agarwal owned 36% of Motilal Oswal worth $900 million.
From left to right, Senthil Chengalvarayan, Ramdev Aggarwal, Saurabh Mukherjee, and Ratnesh Kumar.
Agarwal’s biggest bet was on Hero MotoCorp (then Hero Honda), in which he invested about Rs 10 lakh in shares at Rs 30 per share in 1995. He held them for the next 20 years, until the share price reached Rs 2,600 per share. He sold the shares in 2015. At that time, his stake in Hero MotoCorp was earning him Rs 3-4 crore annually in dividend income alone.
award
Ramdev Aggarwal was awarded the National Certificate of Honor by the Central Board of Direct Taxes for his consistent track record of highest integrity in tax payment for the period of 5 years from FY95 to FY99.
net worth
According to Forbes, his net worth was $1 billion in 2018, but he was dropped from the list of billionaires in 2019.
Facts/General Knowledge
- Interestingly, while studying accountancy, Agarwal and Oswal lived in the same hostel in Mumbai, but much later both became friends.
- He is an avid reader. In an interview, he talked about the books that made him a better investor. In addition to voraciously reading Warren Buffett’s annual letters to Berkshire Hathaway shareholders, he read the books Common Stocks and Uncommon Profits by Philip Fisher, Value Migration by Adrian Slewotzky, Understanding Michael Porter by Joan Magretta, and The Intelligent Investor by Benjamin Graham. Gave.
- He has written several books such as Wealth Creation Thoughts, The Corporate Number Game (with co-author Ram K Pipariya) and The Art of Wealth Creation.
- In 2005, Ramdev Aggarwal’s son Vaibhav was kidnapped by Rahul Tyagi and his associate Sanjeev Sharma. Vaibhav was abducted from his hostel in Kota, where he was preparing for the Indian Institute of Technology entrance exam. The kidnappers lured Vaibhav by saying that he had been sent by his uncle, a doctor in Pondicherry, and requested him to join them at Bansal Institute for coaching. The kidnappers had demanded a ransom of Rs 10 crore, but the family agreed to pay Rs 3 crore for Vaibhav’s safe release. It took the police 15 days to rescue Vaibhav when they arrested the kidnappers’ 22-year-old driver, Jai Kumar alias Bittu, who was trying to escape after collecting a ransom of Rs 3 crore. Vaibhav was given a drug laced drink and was taken to Delhi, then Dehradun and then Kahtuli, before he was finally rescued from Ghaziabad after a joint operation conducted by UP, Delhi and Rajasthan police. Reportedly, it was Vaibhav’s ex-girlfriend Ameesha Aggarwal who had given information about Vaibhav to Tyagi. Ameesha was Vaibhav’s classmate in DAV College, Muzaffarnagar. Later, she married Paresh Vaishya, one of the richest MNC executives in India. The couple lived in the Samudra Mahal building in Mumbai’s Worli area, where stockbroker Ramdev Aggarwal also lived.
- In 2021, Aggarwal, his wife Sunita and son Vaibhav jointly purchased a luxury sea-facing duplex apartment in Samudra Mahal in Mumbai’s posh Worli area for Rs 46.29 crore.
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Categories: Biography
Source: vcmp.edu.vn