Exclusive | Motilal Oswal opens up on succession, 10X profit goal and his 39-year partnership with Raamdeo Agrawal

Motilal Oswal Financial Services chairman Motilal Oswal outlined a succession plan inducting his son Pratik and partner Raamdeo Agrawal's son Vaibhav onto the board, while elevating Group MD Navin Agarwal to a promoter-equivalent role with about 5-6 percent equity earned through ESOPs. The firm targets 10x profit growth over the next decade at 25 percent annual growth, following a 33 percent CAGR over the last 10 years. In FY26, MOFSL reported revenue of Rs 9,416 crore and profit of Rs 1,869 crore, supported by a Rs 9,400-crore treasury book that has compounded at 40 percent annually since FY14.