Osian's has held over 40 Auctions during the past two decades.The organization widened the scope of India's contemporary arts' secondary market.
[6] In August 2002, Osian's organized an exhibited-auction titled 'A Historical Epic: India in the Making will document the freedom struggle from 1757 to 1950 - Surrender to Revolt, Swaraj to Responsibility' that consisted of Rare Books, Photographs, Popular Calendar Art, Oleographs, Engravings, Show Cards of Indian Cinema Etchings and Lithographs, Song-Synopsis Booklets, Vintage Posters, Lobby Cards, Indian modern and contemporary art.
[8] In 2014, he organized an exhibition and auction of artworks of Indian & Asian arts, antiquities, books, prints, photographs and film memorabilia, which had been inspired by animals.
[20] The company in turn purchased art by Indian artists including MF Husain and FN Souza, but was only able to sell them at a loss, thus leaving its investors with their initial investments eroded.
ltd., the holding company of Osian's art fund was finally ordered to be closed in 2013 by the Securities and exchange board of India.
Osian's most ambitious project, Osianama, an art conservatory and pop culture museum, is yet to rise from the land in Central Mumbai where the famed Minerva theatre once stood.
[18][25] As per Forbes, the list of people who invested in Osian's art fund included Sanjeev Khandelwal (Khandelwal Laboratories), industrialist Gautam Thapar, Pramit Jhaveri (Citibank), Sheshasayee Properties (Kumar Mangalam Birla), Priya Paul (Apeejay Surendra Group), HCL Corporation Ltd., Roshni Nadar, Ashok Alexander (Gates Foundation), celebrity cook Tarla Dalal, Jaithirth (Jerry) Rao (the founder of MphasiS), Kamal Morarka (Gannon Dunkerly) and Sangita Kathiwada.