FLAME University


The Epicentre of Value Investing in India

Raamdeo Agrawal is the Chairman and Co-founder of Motilal Oswal Financial Services, a prominent financial services firm established in 1987, specialising in Indian equity capital markets and research. Raamdeo Agrawal and his business Partner Mr Motilal Oswal, spread their businesses in Retail Broking and Distribution, Institutional Equities, Asset Management Company, Private Wealth, Investment Banking, Private Equity & Home Finance.

As Chairman of Motilal Oswal Asset Management Company, Agrawal has been a key architect of the “QGLP” (Quality Growth Longevity & Favourable Price) Investment Framework and the ‘Buy Right, Sit Tight’ investing philosophy. His leadership has significantly influenced the group’s research initiatives, with Agrawal taking charge of the annual Motilal Oswal Wealth Creation Study since its inception in 1996.

Raamdeo Agrawal is a qualified Chartered Accountant and has been in equity investing for the past 4 decades. His insights and expertise have been featured on ‘Wizards of Dalal Street on CNBC TV18.’ Agrawal’s co-authorship of the book “Corporate Numbers Game” in 1986 and his solo work “The Art of Wealth Creation” showcase his commitment to sharing financial knowledge.

As an influential figure in finance, Raamdeo Agrawal continues to shape the industry through his thoughtful insights and dedication to wealth creation studies. Mr Agrawal has been releasing Annual Wealth Creation Studies for the past 28 years. These are the most awaited investing guides and reference studies in India.

Agrawal has maintained a consistent track record of integrity, earning recognition through the Rashtriya Sammon Potra from the Central Board of Direct Taxes. In 2018, he was honoured as the “Chhattisgarh Citizen of the Year” at the Chhattisgarh Excellence Awards, receiving the award from the Hon’ble Chief Minister of Chhattisgarh, Dr Raman Singh.


India @ 75 - Compounded Past, Compounded Future | FLAME Investment Lab With The Masters - June 2023

My journey: 0 to 1,000 crores | FLAME Investment Lab With The Masters - July 2017

Disclaimer - FLAME University is a fully philanthropic, not-for-profit university. The FLAME Investment Lab is established with the aim of providing a platform for experienced specialists to assist humble practitioners and students in acquiring knowledge about the art and science of investing. It is important to note that the courses offered, as well as the materials shared during these courses and on our website, should be regarded solely as educational resources.

Please be advised that no recommendations to buy, sell, or hold any particular investment should be anticipated from these presentations. The content provided is strictly for educational purposes and does not constitute investment advice or tips.

Interviews and Articles

Market unlikely to collapse now; upside looks open: Raamdeo Agrawal

Change in mindset essential to make India a global manufacturing leader: Raamdeo Agrawal -

Mid-Cap Is The Good Place To Start: Raamdeo Agrawal -

Budget a solid One, keeps Sensex@2,00,000 on track: Raamdeo Agrawal

Market Today Summit: Raamdeo Agrawal regrets buying Zomato stock in 2021, says 'fund managers were on my head'

IT stocks may have tested a bottom, a sharp correction from here is unlikely: Raamdeo Agrawal

Next 40 years is going to be more exciting as the world is becoming prosperous: Raamdeo Agrawal

You need to work hard to even lose money if you’re a serious investor: Raamdeo Agrawal

Successful investing is a piece of art

New-age firms are still not cheap and continue to make losses, says Raamdeo Agrawal

PSU Banks To Be The Next Blue Chip: Raamdeo Agrawa

Jhunjhunwala got Titan right when we were selling the stock for clients: Raamdeo Agrawal

FIIs own 20% of Indian market, there is room to sell more, says Raamdeo Agarwal

Two ways to find stocks at dirt-cheap valuations: ​Raamdeo Agrawal

Buy Indian IT stocks when global investors lose faith: Raamdeo Agrawal

Raamdeo Agrawal on investment opportunities after market correction

Be ready for a 15-20% correction in markets: Raamdeo Agrawal

'One will always commit mistakes in the market'

War may end soon, important to prepare for peace: Raamdeo Agrawal

WEALTH CREATION INTERVIEW: In chat with Anil Singhvi, Motilal Oswal chief Raamdeo Agrawal REVEALS PERFECT FORMULA - Any investor must not miss these learnings on share growth

Correction proves market is 'super hot', says Ramdeo Agarwal; cautious on PSUs

‘It will be tough to make a lot of money in markets going ahead’

Home Print Raamdeo Agrawal releases a book titled “The QGLP Checklist – 25 questions, 25 frameworks” PRINTRaamdeo Agrawal releases a book titled “The QGLP Checklist – 25 questions, 25 frameworks”

An exclusive conversation with Raamdeo Agrawal

The big bull bets for the new era

Motilal Oswal 25th Annual Wealth Creation Study 2020 The QGLP Checklist – 25 questions, 25 frameworks

'2022 will be year of consolidation for markets'

Blog : Raamdeo Agrawal

How To Invest...With Raamdeo Agrawal: The Power Of Price

The Advantages Of A ‘Terrific Business Run By A Terrific Management’

Market not frothy but complacent, expensive; worried about domestic macros: Experts

Veteran Investor Raamdeo Agrawal Swears By This Investment Philosophy

Chase Value, Not Price: Raamdeo Agrawal’s Investment Approach

Why Raamdeo Agrawal believes in focusing on individual firms than index levels

Raamdeo Agrawal’s crorepati formula: Invest Rs 10,000 a month for 25 years

Raamdeo Agrawal on How to Identify the Next HDFC Bank

A bull run happens when you least expect it: Raamdeo Agrawal
Speaking to CNBC-TV18, Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services said he got most of his knowledge about the markets and companies analysing company balance sheets rather than books.

Raamdeo Agrawal on how to create alpha

Invest time and patience in markets: Raamdeo Agrawal

How Raamdeo Agrawal picks stocks
At the Morningstar Investment Conference held in Mumbai in October 2015, Sanjoy Bhattacharyya, Managing Partner, Fortuna Capital, moderated a session on moats and equity investing. Here is an extract of him in conversation with Raamdeo Agrawal, Joint MD, Motilal Oswal Financial Services.

Wealth Creation Study
He most special feature of MOSt Research is the Wealth Creation Report. It is work of the foremost value investor in India and the joint MD and promoter– Mr. Raamdeo Agrawal. An equity research stalwart, Mr. Agrawal analyses the most consistent, the fastest and the biggest value creators in the Indian equity universe every year. Though the study is done every year, the report is timeless in its use. The report is unveiled at a special annual function, where the best are felicitated. The Wealth Creation Report is available on request as soft copy or printed format.

"Value Investors Do Not Talk Or Focus Too Much On Growth"
In the first of a two-part interview, Raamdeo Agrawal points out the drawback of the 100X study and the attributes of extraordinary growth

"Watching News Channels Hourly Will Not Yield Anything"
In the final part, Raamdeo Agrawal stresses on zero distraction when digging deeper to find great opportunities.

Moats Versus Boats

Investment Ideas from India’s Money Masters - Mr. Raamdeo Agarwal
Interview with capitalideasonline.com

How To Spot A 100-Bagger
Raamdeo Agrawal of Motilal Oswal Financial Services, on what it takes to identify a stock that will go up multi-fold

Raamdeo Agrawal on how to spot a multibagger


A Jugalbandi with Market Experts Raamdeo Agrawal & Manish Chokhani | CNBC TV18 India Exchange

How To Invest....With Raamdeo Agrawal: The Power Of Price

How To Invest....With Raamdeo Agrawal: Power Of Quality

How To Invest...With Raamdeo Agrawal

How To Invest...With Raamdeo Agrawal: The Power Of Compounding

Raamdeo Agrawal In An Exclusive Interview With ET NOW's Nikunj Dalmia | Market Makers

'My journey from 0 to 1000 Cr' - Mr. Raamdeo Agrawal



Raamdeo Agrawal's Success Story

Value Investing Forum
Mr. Raamdeo Agrawal - Managing Director, Motilal Oswal Securities - speech on value investing forum Motilal Oswal Financial Services Ltd.

Part I

Part II


The Art Of Creating Wealth

VIF 2014 - Panel Discussion

The Journey of Wealth Creation by Raamdeo Agrawal

Mr. Raamdeo Agrawal on QGLP

'Stocks Forever: Wealth Creators over the last 25 years' - Mr. Raamdeo Agrawal

Motilal Oswal 3rd Value Investing Forum - Panel Discussion

Panel discussion on Value Investing
Motilal Oswal securities conducted value investing forum and panel discussion On diversification versus concentration of portfolio, which have renowned names like Nilesh shah, sanjoy bhattacharya, Ramesh Damani including Raamdeo Agrawal

Part I

Part II

Part Ill

Part IV


5th Value Investing Forum - Panel Discussion
Topic: Learning from Warren Buffet Letters
Panelists: Mr. Raamdeo Agrawal, Mr. Sanjoy Bhattacharyya and Mr. Durgesh Shah.
Moderator: Mr. Navin Agarwal.

Part I

Part II

Part Ill

Part IV


Watch all Videos - https://www.youtube.com/results?search_query=raamdeo+agrawal