In the second episode of the Blume Podcast, host Karthik B. Reddy of Blume Ventures engages in a captivating conversation with Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, one of India’s leading financial services firms.
Agrawal shares his insights on various topics, including his investment philosophy, the dangers of building a startup for the wrong reasons, and his views on the growth of India. Throughout the conversation, Agrawal emphasises the importance of being passionate about one’s work and having a strong sense of purpose. He shares how he and his co-founder built their company from scratch, starting with a small office and gradually building it into a national brand. On his investing outlook, shared his experience with Bharti Airtel to discuss the value of having a framework for understanding the value of a company. He also talks about the importance of creating a solid brand identity and the role that marketing plays in building a successful business, and how Jagdeep Kapoor of Samsika Marketing inspired him. The conversation concludes with Agrawal offering some advice to startup founders. He emphasises the importance of having a clear vision and patience in building a sustainable business instead of focusing on short-term returns and a temporary valuation bump.
[00:01:14] – Karthik’s introduction of Mr. Agarwal
[00:01:46] – Welcome to the show
[00:01:50] – Origins of Motilal Oswal in the 80s
[00:08:41] – Mr. Agarwal’s opinion of the young entrepreneurs
[00:11:53] – Karthik’s point about risk-taking in venture capital
[00:14:21] – Advice to founders
[00:15:12] – What next once you’ve established yourself
[00:17:41] – Learnings from Mr. Buffett
[00:20:16] – Mr Agarwal’s QGLP framework
[00:24:33] – Vision for a long-term sustainable company
[00:28:11] – Investing for youngsters
[00:30:54] – Power of compounding at India level
[00:33:29] – What should India be cautious about?
[00:34:46] – How to spot a compounding start-up founder
[00:40:49] – Past mistakes
[00:41:53] – How to inculcate compounding in an organisation
[00:43:48] – Contrarian advice
[00:45:53] – Thoughts on going public
All episodes:
https://podcasts.apple.com/in/podcast/blume-podcast/id1651800944
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