Raamdeo Agrawal on GenNext & art of delegation, doubling net worth in 5 years & more

economictimes.indiatimes.com:

Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services Ltd (MOFSL), in conversation with Nikunj Dalmia of ET Now. Agrawal says “if the market remains flat, obviously my return will be coming only from the operation side. But aaisa hua nahi kabhi (that has never happened).

In the last eight years, my net worth has compounded at the rate of 22.5%. So, there is no reason for me to believe that it will be any different. It can be somewhat better.

So, the band will be anywhere between 20% and 25% and then one thing which we have still not realised fully, is the power of net worth.”The next generation of promoters is part of Motilal Oswal Group in different roles. Is there a change of guards waiting to happen? The next generation has joined the business and what is their vision, are they committed completely like Motilal ji and you are committed? What happens next?July 28 is Motilal Oswal’s foundation day.Congratulations, how many years today?Thanks, 36 years. So, in a way, it is built to last.

It is not dependent on Moti or Raamdeo nor my son or his son. It is a machine we are trying to create which survives and which prospers as the time passes because I see for next 25 years, beyond that what to talk about? Even 25 years is long. The total saving in last 25 years is 10-12 trillion, in the next 25, it is going to be 100-150 trillion.

The opportunity for the capital market is immense, the savings, the wealth, the broking opportunity, the asset management opportunity, the private equity opportunity, seed opportunity, you name it, it is humongous, as much as you can do. Our job is to do well. It does not matter whose name is written as what you call MD, CEO and all, the stock certificates are in their name for sure,