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Meet the man who was the son of a farmer but started a 9000 CR company. 1. Born to a Jain family in the small village of Padru in Rajasthan, Motilal Oswal's father had a fledgling grains trading business. But he wanted to leave the family trade and pursue education. 👨‍🎓 2. After studying at the SPU Jain College in Falna, he moved to Mumbai to become a CA. While at Rajasthan Vidyarthi Grih hostel in Andheri, he met another aspirant (Raamdeo Aggarwal) and wanted to start something with him. He was looking for an idea. 🤔 3. After working at an audit firm, Motilal wanted to enter the stock market, but it was super tough. In 1987 - There were no regulations, just 2 hours of trading time and a monopoly of Gujarati traders. He still went ahead and became a sub-broker at the Bombay Stock Exchange. 💪 4. Motilal started but experienced a 2 km run daily for a stock order call and then another month for share delivery. He wanted to revolutionise with a stock broking business. Oswal got the trading badge and started a company with its name. In 1989, Motilal Oswal Financial Services Ltd (MOFSL) was born. 🚀 5. MOFSL started as a 100% honest broker, giving clients an accurate daily update on traded stock prices through a 24x7 landline call. They barely made money, but then the 1992 Harshad Mehta scam happened. 👇 6. It made a profit of 30 CR in 20 months on an initial investment of 15 Lakhs. By investing 30% of its profit in research, it entered Institutional Equities (1994) and wealth creation in 1996. And then two more news came. 👇 7. NSE came up in 1994, which meant that the broking business could establish offices outside Mumbai, and SEBI came into the picture with the dematerialisation of shares in 1996. As more people entered the markets, MOFSL expanded to 10,000 customers and 100 offices across India. ✅ 8. Motilal kept expanding and entered portfolio, investment banking and private equity businesses by 2006. It went from a small broking house to a 1000 CR financial group in just four years. And the big moment came. 👇 9. On 11th September 2004, MOFSL listed on the stock markets with its 246.07 CR IPO getting oversubscribed by 26.4 times. It had clocked revenues of 500 CR with a profit of 100 CR. With 2,00,000 investors in 360 cities, it had become a billion-dollar company worth 4000 CR. 📉 10. But, brokerage fell from 1.5% to 0.05% post the 2008 financial crisis. In 2010, Motilal took the asset management company (AMC) route and launched his mutual fund business, followed by Aspire Home Finance in 2013. By 2017, he doled over 4100 CR loans through Aspire while AMC crossed 28,800 CR in managed assets. 💰 ➡️Today, MOFSL manages assets worth 380,000 CR while recording the highest revenue of 7131 CR at a profit of 2626 CR last year. It has served over 70 lakh customers and is worth 8732 CR. 💸 Motilal Oswal is worth 16,000 CR today, but his foundation supports the free education of 31,265 school students. 🙏