Karan Bhagat | |
Nationality: | Indian |
Alma Mater: | IIM Bangalore, 2001 |
Occupation: | 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.
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 | [19] | ||
2016 | Fortune India's 40 Under 40 list | ||
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] |