Karan Bhagat Explained

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]

Early life and education

He hails from a Marwari business family of Kolkata. Bhagat completed his MBA from Indian Institute of Management in 2001.

Career

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]

Public and media appearances

Some of his public appearances are:

YearTitleRef
2019Speaker, Cafe Mutual IFA CIFA [10]
2018Fortune India Next 500 Annual Summit [11]
2018ETMarkets Global Summit [12]
2018IIMBue[13]
2018The Wealth Manager, on Times Now[14]
2018Tata Literature Live! [15]
2017Asset Reboot, on ET Now[16]
2017Market Makers Show, on ET Now[17]
Panel discussion, Tribute to Titans (Marwar India Magazine)[18]

Awards and recognition

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]
2017-18Global 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]

Notes and References

  1. News: Bhuva . Rajiv . Karan Bhagat: The man who will keep you rich . . February 22, 2017.
  2. News: 40 Under 40 . . 2020-02-27 . 2020-06-07 . https://web.archive.org/web/20200607074551/https://www.fortuneindia.com/40under40?year=2016 . dead .
  3. News: Karan Bhagat - India's Young & Brightest Entrepreneurs in 40 Under 40 . . 2016.
  4. Web site: Finalists 2018 . www.ey.com . .
  5. News: Meet EOY India 2018 Finalist Karan Bhagat . EY India . February 15, 2019.
  6. News: John . Nevin . A Wealth of Experience . . March 15, 2015.
  7. News: Khan . Sobia . Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects . . Dec 11, 2019.
  8. News: Paul . Binu . Exclusive: IIFL Wealth's Karan Bhagat & others invest in Kidsstoppress . . October 14, 2016.
  9. News: Ahuja . Aakanksha . SAIF, Nexus, others invest $11 million in LifCare . . July 24, 2018.
  10. News: Clients are smarter than us, says Karan Bhagat . Cafemutual.com . April 7, 2019.
  11. News: Das . Purba . Employees, capital, focus, and digitisation key to success: Karan Bhagat . . July 30, 2018.
  12. News: A balanced portfolio with recaliberations per market levels is advised: Karan Bhagat, IIFL Investment Managers . . December 6, 2018.
  13. News: SEQUENTIAL SUMMARY - Speakers . iimbue.com . July 21, 2018 . 18 . February 27, 2020 . February 27, 2020 . https://web.archive.org/web/20200227143504/http://www.iimbue.com/wp-content/uploads/2019/05/IIMBue-2018-Closure-Report.pdf . dead .
  14. News: Wealth Manager - Karan Bhagat's Tips on ' Wealth Management' . . October 5, 2018.
  15. News: Pimputkar . Sonali . Tata Literature Live! 2018: Check out your super guide to the Tata LitFest 2018 . . November 13, 2018.
  16. News: In Conversation With Karan Bhagat . . January 6, 2017.
  17. News: India remains a preferred destination for FIIs: Karan Bhagat . . May 25, 2017.
  18. News: Tribute to Titans . Marwar.com . 2017 . 2020-02-27 . 2020-08-21 . https://web.archive.org/web/20200821044117/http://www.marwar.com/tribute-to-titans.html . dead .
  19. News: Youth BUsiness Tycoons Under 40 - Karan Bhagat. . March 30, 2015.
  20. News: The power of 30! How these top bosses overcame stress, ennui to make it big . . July 10, 2017.
  21. News: How India's largest wealth manager stays sharp . Hubbis.com . July 11, 2017.
  22. Web site: 2018 - Winners . Indiawealthawards.com.
  23. Global Indian of the Year . . December 2018 . 16 . 7 . 8, 87, 88, 89 .
  24. News: EY Announces 16 Finalists for the 20th EY Entrepreneur of the Year™ Awards Program . www.ey.com . February 4, 2019 .