Motilal Oswal Financial Services Limited today announced key appointments to its Board of Directors, aimed at further strengthening strategic leadership, governance, and business continuity.

The Company has appointed Pratik Oswal and Vaibhav Agrawal from the Promoter Group to its Board of Directors. Additionally, Joseph Conrad Agnelo D’Souza (Conrad D’Souza, a senior HDFC Group veteran for 4 decades) and Ashok Kumar P. Kothari, a senior IRS officer with 3 decades of distinguished career) have been appointed as Independent Directors, enhancing the Board’s diversity, oversight capability, and strategic depth.

These appointments, approved by the Board of Directors, mark a significant step in strengthening the Company’s leadership bandwidth, business oversight, and strategic direction, while reinforcing its governance standards in line with global best practices.

The newly inducted members bring extensive experience in areas such as asset management, lending, taxation, strategy, risk management, regulatory affairs, and corporate leadership. Given their proven leadership and experience across multiple domains, their collective expertise is expected to enhance the Board’s oversight capabilities and strategic depth, reinforcing the Company’s long-term growth trajectory.

Motilal Oswal, Co-founder and Chief Executive Officer 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.”

“We are also pleased to welcome 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,” Oswal added.

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Raamdeo Agrawal and Motilal Oswal will continue to be in their current roles, actively guiding the company's strategic direction. These additions highlight MOFSL's commitment to long-term value creation, business excellence, and resilience, with a focus on core principles of knowledge, action, and trust that shape its ongoing journey.