Karan Bhagat
Indian entrepreneur and investor From Wikipedia, the free encyclopedia
Indian entrepreneur and investor From Wikipedia, the free encyclopedia
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]
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 |
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] |
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