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Time of India
3 days ago
- Business
- Time of India
ISB bags its largest ever donation of Rs 100 crore from Motilal Oswal founders
Hyderabad: Premier B-school, the Indian School of Business, on Thursday said it received its largest ever philanthropic contribution of Rs 100 crore from the Motilal Oswal Foundation, which is the philanthropic arm of Motilal Oswal Financial Services Limited. The contribution will support the setting up of the Motilal Oswal Executive Centre at ISB's Hyderabad campus. The three-storey state-of-the-art executive centre, spread over 1,91,532 sq ft, will house lecture theatres, meeting rooms, office spaces, and a faculty lounge. A memorandum of understanding (MoU) on the donation was also formally exchanged in the presence of Motilal Oswal, the Chairman of the Motilal Oswal Foundation, Raamdeo Agrawal, Trustee of the Motilal Oswal Foundation, ISB Dean Prof Madan Pillutla, and ISB Executive Board member Pramath Raj Sinha. Terming education as a transformational force, Motilal Oswal said the foundation helped build Motilal Oswal knowledge centres at IIT Bombay, IIM Mumbai, and Plaksha University as the group's efforts to invest in India's future by providing a space for learning, growth, and nation-building. According to Raamdeo Agrawal, the contribution to ISB, which has become a centre of excellence in business education in India, will enable corporate executives to enhance their capabilities in the rapidly evolving business environment. Motilal Oswal Foundation was set up in 2011 with both the founders of the Motilal Oswal Group pledging 10% equity stake of their personal holdings in the group company for philanthropy.
Time of India
3 days ago
- Business
- Time of India
ISB gets its largest ever donation of Rs 100 crore from Motilal Oswal founders
ISB gets its largest ever donation of Rs 100 crore from Motilal Oswal founders HYDERABAD: Premier B-school, the Indian School of Business, on Thursday said it had received its largest ever philanthropic contribution of Rs 100 crore from the Motilal Oswal Foundation, which is the philanthropic arm of Motilal Oswal Financial Services Limited. The contribution will support the setting up of the Motilal Oswal Executive Centre at ISB's Hyderabad campus. The three-storeyed state-of-the-art executive centre, spread over 1,91,532 sq ft, will house lecture theatres, meeting rooms, office spaces, and a faculty lounge. A memorandum of understanding (MoU) on the donation was also formally exchanged in the presence of Motilal Oswal, the chairman of the Motilal Oswal Foundation, Raamdeo Agrawal, trustee of the Motilal Oswal Foundation, ISB dean Prof Madan Pillutla, ISB Executive Board member Pramath Raj Sinha. Terming education as a transformational force, Motilal Oswal the foundation has helped build Motilal Oswal knowledge centres at IIT Bombay, IIM Mumbai and Plaksha University as the group's efforts to invest in India's future by providing a space for learning, growth and nation-building. According to Raamdeo Agrawal, the contribution to ISB, which has become a centre of excellence in business education in India, will enable corporate executives to enhance their capabilities in the rapidly evolving business environment. Motilal Oswal Foundation, which was set up in 2011, saw both the founders of Motilal Oswal Group pledge 10% equity stake of their personal holdings in the group company for philanthropy. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
3 days ago
- Business
- Business Standard
Motilal Oswal Foundation pledges ₹100 crore to Indian School of Business
The Motilal Oswal Foundation, the philanthropic arm of Motilal Oswal Financial Services, has committed ₹100 crore to the Indian School of Business (ISB). This contribution marks the single largest philanthropic donation to the Hyderabad-based business school. The memorandum of understanding regarding the donation was formally exchanged in the presence of Motilal Oswal, Chairman of the Motilal Oswal Foundation; Raamdeo Agrawal, Trustee of the Motilal Oswal Foundation; Professor Madan Pillutla, Dean of the Indian School of Business; Pramath Raj Sinha, Member of the ISB Executive Board; and D N V Kumara Guru, Senior Director – Advancement, ISB. The Executive Centre—a state-of-the-art, 1,91,523 sq ft, ground-plus-two-storey building—will house lecture theatres, meeting rooms, office spaces, and a faculty lounge. Motilal Oswal, Chairman of the Motilal Oswal Foundation, said, 'Education has always been a force for transformation—opening minds, creating opportunities, and shaping futures. Through the Motilal Oswal Foundation, we help build and support institutions that embody excellence and inclusion... This is our way of investing in India's future—a space for learning, growth, and nation-building.' Last year, the Motilal Oswal Foundation pledged ₹130 crore to the Indian Institute of Technology (IIT) Bombay to help upgrade its academic and research infrastructure.
The Hindu
13-05-2025
- Business
- The Hindu
Motilal Oswal, Raamdeo Agrawal buy $100 million Zepto shares; another $250 million round planned
Motilal Oswal Financial Services co-founders Motilal Oswal and Raamdeo Agrawal have purchased Zepto shares worth $50 million (about ₹424 crore) each in a secondary transaction, while an additional $250 million round is in the pipeline, according to people familiar with the matter. The shares have been acquired from foreign investors, they said. The $100-million deal was executed from their proprietary books and marks a significant step in Zepto's ongoing push to increase Indian ownership ahead of its planned IPO. Currently, Indian ownership in Zepto stands at just over 42%, with other transactions in the pipeline expected to further boost this figure. The company has set an internal target of crossing the 50% domestic shareholding threshold before its IPO. In addition to the $100-million purchase, Motilal Oswal Financial Services is leading a larger $250 million secondary round through its clients, the sources told PTI. Edelweiss and Hero FinCorp are also participating in these transactions, bringing the total to $350 million. All deals are being executed at Zepto's previous valuation of $5 billion, set in August 2024. The binding documents for the $250-million round have been signed, and a formal announcement is expected in June after due diligence is complete. Queries sent to Zepto did not elicit a response.
Business Standard
12-05-2025
- Business
- Business Standard
Motilal Oswal, Raamdeo Agrawal buy shares worth $100 million in Zepto
Motilal Oswal and Raamdeo Agrawal, the founders of Motilal Oswal Financial Services Limited, have bought shares worth $100 million in the quick commerce firm Zepto, a source privy to the matter said. Both individuals have bought shares worth $50 million each in their personal capacity. Of late, the quick commerce Unicorn has been increasing the shareholding of domestic investors. The company plans to have over 50 per cent of domestic ownership before its initial public offering, the source said. Zepto is planning to go public either in late 2025, or in early 2026. In January this year, the company shifted its domicile from Singapore to India, and established its headquarters in Bengaluru to align with listing regulations. The source said that Oswal and Agrawal acquired shares in Zepto from the company's early investors, primarily foreign backers. Also Read ALSO READ: FPI flows resume after a day's pause as India, Pak ease border tensions 'These transactions have been undertaken at a previous valuation of $5 billion (August 2024) to make it lucrative for domestic investors,' the source mentioned. In addition to the recent secondary transactions, Motilal Oswal (the firm) is leading a separate secondary round in Zepto worth over $250 million. The round will also witness participation from Edelweiss and Hero FinCorp. The binding document has been signed, and Zepto will make a formal announcement in June once the due diligence is complete, according to the source. Zepto's spokesperson didn't respond to queries by press time. Earlier, in November 2024, Zepto had raised $350 million at a valuation of $5 billion. The round was led by Motilal Oswal's Private Wealth division, and also saw participation from Indian family offices and high-net-worth individuals. Post that round, in an exclusive conversation with Business Standard, Zepto co-founder and chief executive officer Aadit Palicha, had said that the company was 30 per cent domestically owned after the fundraise. Palicha and the company's cofounder, Kaivalya Vohra, own almost 20 per cent shares.
