The Indian stock market guru Raamdeo Agrawal has a net worth of Rs 2,700 Crore which is about 415 million in USD. Read his biography, education and success story. Raamdeo Agrawal is a well known face in India as a stock market guru. He co-owns a trading company along with his college friend and is estimated to have a net worth of 2700 crores INR. He draws a current compensation of 24,000,000 INR yearly.
Raamdeo Agrawal’s Childhood and Education
Agrawal now 60 was born and brought up in Raipur, Chhattisgarh. He was studious from his childhood and loved reading books. While growing up, Agrawal wanted to earn in millions. Agrawal studied B.Com and being a bright student he took up Chartered Accountancy in Mumbai and later qualified ACA under ICAEW which enabled him to be called an associate of The The Institute of Chartered Accountants in England and Wales.
He stayed in Rajasthan Vidyarthi Griha in Andheri and met his future business partner Motilal Oswal. The two became fast friends and had similar dreams of making money without much investment. Having a sound knowledge of stock market, the duo decided to start off.
Agrawal and Oswal, both chartered accountants, along with a peon first established their sub-broking firm and named it Motital Oswal Financial Services Limited. During that time building up one’s own firm and penetrating in Bombay Stock Exchange was next to impossible for starters. But Agrawal had several contacts through which they could manage to establish their own firm. Before landing into stock broking, Agrawal worked in a private firm for sometime where all employees were Gujaratis. All circulars, notes and other documents were in Gujrati and it was only for Agrawal that both of them could break free and become successful entrepreneurs. He managed to convince a stock broker for sub-broking and that is how they got into full time broking.
Raamdeo Agrawal’s Net Worth
Today the shre market stock guru Raamdeo Agrawal’s net worth is RS 2,700 Crore / $415 in USD as per rakesh-jhunjhunwala.in. Having a bookish bent of mind and extensive knowledge about stock market, Agrawal currently manages the research department with 40 staff members. There he analyzes and predicts trends while his friend Oswal handles the clients and their portfolios. The two friends are like family now and cannot do without each other. Both hold equal number of shares and divide responsibilities for smoothly running the company. Agrawal manages a public asset worth 91,478,000 USD and has 11,728,100 equities in his company. In 1986, he wrote and published a book titled Corporate Numbers Game. He holds several other important positions across three different industries.