For Raamdeo Agrawal, the story began in a modest 72 square feet office near the Bombay Stock Exchange in the early 1990s. What started as a small brokerage evolved into a diversified financial powerhouse spanning broking, asset management, and wealth advisory.
“Our smartness was in using all the cash flow to build other businesses,” he said, emphasising how reinvestment and diversification helped the group scale sustainably.He reminisced about witnessing the market’s transformation over decades — from floor trading to digital platforms. “I have seen value migration right in front of me,” Agrawal noted, referring to the shift from traditional brokers to new-age digital players that now dominate retail participation.
Vaibhav, who joined the business after stints abroad, represents the next generation of investors shaped by technology and data. His fascination with markets started early, watching stock tickers as a child in his father’s office.Although he pursued computer science before moving into finance, Vaibhav said his interest “gravitated towards equity investing” during his university years, eventually bringing him back to the family institution.
While Raamdeo stresses long-term conviction and patience, Vaibhav admits he’s still developing that horizon. “Sometimes it becomes a little difficult to visualise how, in the midst of all those factors, an early-stage company will behave after 10–15 years,” he said, highlighting the challenge of investing amid rapid disruption.
Despite different styles, both share a deep respect for discipline, learning, and compounding — lessons passed from one generation to the next.
As Raamdeo put it, he once taught his son compounding during evening walks, a skill that became “the biggest asset” in Vaibhav’s investing journey.
For the entire discussion, watch the accompanying video
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