Motilal Oswal Private Wealth Management

Ashish Shanker is the Managing Director and CEO, overseeing both the advisory platform and the investment team. Day-to-day manager selection and fund research is handled by a dedicated alternatives-investment desk that the firm formalized in 2023. Final approval on manager allocations sits with a central investment committee that includes senior leadership.

It operates as a multi-family-office-style wealth management platform serving roughly 2,500 ultra-high-net-worth Indian families. The firm provides advisory, portfolio construction, and manager-selection services rather than managing its own proprietary investment funds. It is a fully owned subsidiary of the publicly listed Motilal Oswal Financial Services group.

The firm acts as an LP allocator into third-party alternative funds — it does not co-invest, syndicate, or do direct deals. Portfolios are built through commitments to private equity, private credit, real estate, infrastructure, and hedge funds, both India-domiciled and offshore, via feeder structures.

It is the dedicated wealth-management subsidiary of the parent group, which was co-founded by Motilal Oswal and Raamdeo Agrawal in 1987. While the parent operates equity brokerage, investment banking, and an asset management arm, the wealth unit operates an open-architecture model and is not required to place client capital into any group-managed fund.

The platform covers five alternative asset classes: private equity, private credit, real estate, infrastructure, and hedge funds. Stage coverage varies by fund selection — client portfolios typically include exposure to growth-stage private equity, direct-lending credit strategies, and core/core-plus real-asset funds, with increasing allocations to developed-market alternatives through feeder structures.

The firm offers succession-planning and family-governance advisory as part of its UHNW service suite, though specific philanthropic structures are not publicly detailed. The multi-family-office posture extends beyond pure investment allocation into estate and wealth-transfer consulting for promoter families, many of whom are existing institutional clients of the parent group.

Motilal Oswal Private Wealth does not offer co-investment or direct-deal capabilities. The platform allocates entirely through limited-partner fund commitments. This distinguishes it from some Indian family-office platforms that syndicate direct minority stakes or club deals alongside general partners.