|Around 25 years ago, two young men founded a small brokerage firm in Mumbai with very little money and a big heap of dreams. Today that brokerage firm has become one of India's largest homegrown, fully diversified financial services company. The company is Motilal Oswal Financial services.
Motilal Oswal, Chairman and Managing Director and Raamdeo Agrawal, Joint MD of the company share their story in an interview with CNBC-TV18.
Below is the edited transcript of his interview with CNBC-TV18. Also watch the accompanying videos.
Q: 25 years has been quite a journey. For 25 years you have seen various business cycles. You must have seen lot of hope, lot of despair, where would you put where we are today on a scale of either hope or despair?
Agrawal: One of the things I have seen in the stock market and particularly for the economy underlying is that every seven years, you have one cycle. This seven year cycle at least for Indian markets, is again going to happen. The next