Motilal Oswal and Raamdeo Agrawal, founders of Motilal Oswal Financial Services Limited (MOFSL), built a successful financial services business based on the core principles of knowledge and long-term investing philosophy. MOFSL owes the success of its stock broking business to the partnership-led business model, which has unleashed the entrepreneurial spirit in its most admired franchisee network.
The two partners visualised that small and mid-cap companies would be significant beneficiaries of India’s rapidly unraveling growth story. They realised that the private equity business will facilitate risk capital to such firms and will allow them to share their experience of building MOFSL to mentor budding entrepreneurs in shaping their business dreams. Motilal Oswal Private Equity (MOPE) was thus founded in 2006 with the vision of partnering high potential mid-market companies.
Vishal Tulsyan came on board as the founding CEO. Under his leadership, MOPE has raised three growth capital funds [India Business Excellence Fund-I (IBEF-I), India Business Excellence Fund-II (IBEF-II)] and India Business Excellence Fund-III (IBEF-III)] and four real estate funds [India Realty Excellence Fund (IREF), India Realty Excellence Fund II (IREF II), India Realty Excellence Fund III (IREF III)] and [India Realty Excellence Fund IV (IREF IV) to invest in real estate projects across India.