Raamdeo Agrawal: Best time for large, well-managed private companies to go public: Raamdeo Agrawal

Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, said on Saturday that with 4.2 million demat accounts opened in December, all large, well-managed private companies could go public. He said it was the right time. Events that have occurred in India since 1992.

Agrawal said large, well-managed private companies will want to make their companies better off than they are, and that this can only be done by taking the company public and separating management from ownership and management of the company.

Agrawal was speaking at BCAS’s ReImagine 2024 event organized by Bombay Institute of Chartered Accountants (BCAS) marking its Platinum Jubilee. ReImagining’s three-day event ends today.

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Urging people to increase their equity allocation, he said this is the decade of the Indian capital markets.

He said this during a panel discussion on ‘Riding the Capital Markets – Take the Bull by the Horn’, which was attended by Nilesh Shah, Managing Director, Kotak AMC and Deven Choksey, Managing Director, DRChoksey FinServ Pvt. Corporation

Kotak AMC’s Shah said there is a big opportunity for India to do something fundamental in AI as about 30-35% of the programming that goes into artificial intelligence is in Indian hands. Speaking at the same event on Friday, NSE’s MD CEO Ashish Chauhan said India will: It will grow tenfold from $10 trillion to $100 trillion in the next 50 years or sooner.

Also read | Demat account openings reach record high, total accounts approaching $1.4 billion

“If the world creates $250 trillion more wealth and we account for almost 18% of the total global population and 20-22% of the young population, we could create 30% of the total wealth,” Chauhan said.

Speaking about the role of technology, he added that new technological revolutions will create more wealth in the next 50 years than the world has created in the last 10,000 years.

On the role of NSE, Chauhan said that one rupee out of every three rupee in India comes from NSE. He also boasted of NSE’s technological superiority over other global peers. “There is no other country in the world that is comparable in terms of transaction processing technology. On some days, the NSE conducts 40-45% of all trading globally.”

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