Karan Bhagat
| |
|---|---|
| Nationality | Indian |
| Alma mater | IIM Bangalore, 2001 |
| Occupation(s) | Founder, MD & CEO of IIFL Wealth |
| Organization | IIFL Wealth & Asset Management |
| Spouse | Shilpa Bhagat |
Karan Bhagat is an Indian entrepreneur and investor, who is the founder, CEO and MD of IIFL Wealth & Asset Management, an Indian wealth management firm.[1] He has been listed in fortuneindia.com's 40 Under 40 list in 2016 and 2017.[2][3] He was also a finalist for the EY Entrepreneur of the Year Award in 2018.[4][5]
He hails from a Marwari business family of Kolkata. Bhagat completed his MBA from Indian Institute of Management in 2001.[6]
Before joining IIM, he ran a travel agency in 1996 for a brief while. Later, he joined Kotak Mahindra Bank and served as the head of Kotak Mahindra Bank's wealth management practice for Mumbai.[6]
In April 2008, Bhagat along with his friends Yatin Shah and Amit Shah founded IIFL Wealth Management Ltd. as a unit of IIFL Holdings.[6]
His company IIFL Wealth sold a 21.6% stake in the wealth unit to General Atlantic for ₹ 1.2 billion (USD173 million) in October 2015. As of September 2019, IIFL Wealth & Asset Management has around Rs.1,70,000 crore of assets under advice, distribution and management.[7] He is also an angel investor in half-a-dozen startups.[1][8][9]
Some of his public appearances are:
| Year | Title | Ref |
|---|---|---|
| 2019 | Speaker, Cafe Mutual IFA CIFA | [10] |
| 2018 | Fortune India Next 500 Annual Summit | [11] |
| 2018 | ETMarkets Global Summit | [12] |
| 2018 | IIMBue | [13] |
| 2018 | The Wealth Manager, on Times Now | [14] |
| 2018 | Tata Literature Live! | [15] |
| 2017 | Asset Reboot, on ET Now | [16] |
| 2017 | Market Makers Show, on ET Now | [17] |
| Panel discussion, Tribute to Titans (Marwar India Magazine) | [18] |
| Year | Award(s) | Notes |
|---|---|---|
| 2015 | Youth Business Tycoons Under 40 by Indiatimes.com | [19] |
| 2016 | Fortune India's 40 Under 40 list | [3] |
| 2017 | Fortune India's 40 Under 40 list | |
| 2017 | The Economic Times's 40 under 40 list 2017 | [20] |
| 2017 | Indian Wealth Management - Award for Excellence by Hubbis | [21] |
| 2018 | Best Wealth Management Thought Leader - India Wealth Awards | [22] |
| 2017-18 | Global Indian of the Year - India's Greatest Brands & Leaders | |
| 2017-18 | Global Indian of the Year by URS asiaone.co.in | [23] |
| 2018 | Finalist for the Ernst & Young Entrepreneur of the Year Award | [24] |
