Motilal Oswal Financial Services Limited (MOFSL) has appointed four new directors to its Board, a move aimed at reinforcing strategic leadership, governance, and business continuity.
From the Promoter Group, Pratik Oswal and Vaibhav Agrawal have joined the Board. Their inclusion is intended to advance the Group’s long-term ambitions by blending legacy with fresh thinking, while contributing to the company’s strategic direction.
The Board has also appointed Joseph Conrad Agnelo D’Souza, a senior HDFC Group veteran with four decades of experience, and Ashok Kumar P. Kothari, a former IRS officer with over 30 years of service, as Independent Directors. Their appointments are expected to strengthen MOFSL’s corporate governance framework and provide oversight across diverse business and regulatory areas.
As informed by the company, the newly inducted directors bring extensive experience across asset management, lending, taxation, strategy, risk management, regulatory affairs, and corporate leadership. Their expertise is anticipated to enhance the Board’s oversight capabilities, governance standards, and strategic depth, supporting MOFSL’s long-term growth trajectory.
Speaking on the appointments, Mr Motilal Oswal, Co-founder and CEO of MOFSL, said, “I am delighted to welcome the next generation of our Promoter Group to the Board. Pratik and Vaibhav bring along the values, vision, and entrepreneurial spirit on which the Motilal Oswal Group was built. Their presence marks an important milestone in the Group’s journey that blends legacy with fresh thinking and long-term ambition.” He added, “We are also pleased to welcome Mr Conrad D’Souza and Mr Ashok Kumar P Kothari to the Board. Their leadership, integrity, and domain expertise will add immense value to our governance processes and strategic direction.”
As informed by the company, Raamdeo Agrawal and Motilal Oswal will continue in their existing roles, actively guiding the company’s strategic direction. These appointments underscore MOFSL’s commitment to business excellence, long-term value creation, and resilience, underpinned by the Group’s core principles of knowledge, action, and trust.
