Mumbai: Motilal Oswal Financial Services Limited (“MOFSL” / “the Company”) has announced the appointment of four new Directors to its Board, marking a significant step in enhancing its leadership depth, strategic oversight, and corporate governance framework.
The Company has appointed Pratik Oswal and Vaibhav Agrawal from the Promoter Group to its Board of Directors, reflecting the Group’s ongoing journey that combines legacy with innovation and long-term vision. Additionally, Joseph Conrad Agnelo D’Souza (popularly known as Mr. Conrad D’Souza), a veteran of the HDFC Group with four decades of experience, and Ashok Kumar P. Kothari, a senior IRS officer with over three decades of service, have joined the Board as Independent Directors, further strengthening the Company’s governance standards and oversight capabilities.
These appointments, approved by the Board of Directors, underscore MOFSL’s continued focus on leadership continuity, business excellence, and adherence to global best practices in corporate governance. The newly inducted members bring extensive expertise across asset management, lending, taxation, strategy, risk management, regulatory affairs, and corporate leadership, adding strategic depth to the Board’s collective capabilities.
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.”
He further 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.”
Raamdeo Agrawal and Motilal Oswal will continue in their current roles, actively steering the company’s strategic direction. The enhanced Board composition reinforces MOFSL’s commitment to long-term value creation, business resilience, and governance excellence, anchored in its core principles of knowledge, action, and trust.
