Karan 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]

Karan Bhagat
NationalityIndian
Alma materIIM Bangalore, 2001
Occupation(s)Founder, MD & CEO of IIFL Wealth
OrganizationIIFL Wealth & Asset Management
SpouseShilpa Bhagat

Early life and education

He hails from a Marwari business family of Kolkata. Bhagat completed his MBA from Indian Institute of Management in 2001.[6]

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:

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]

Awards and recognition
YearAward(s)Notes
2015Youth Business Tycoons Under 40 by Indiatimes.com[19]
2016Fortune India's 40 Under 40 list[3]
2017Fortune India's 40 Under 40 list
2017The Economic Times's 40 under 40 list 2017[20]
2017Indian Wealth Management - Award for Excellence by Hubbis[21]
2018Best Wealth Management Thought Leader - India Wealth Awards[22]
2017-18Global Indian of the Year - India's Greatest Brands & Leaders
2017-18Global Indian of the Year by URS asiaone.co.in[23]
2018Finalist for the Ernst & Young Entrepreneur of the Year Award[24]

References
  1. Bhuva, Rajiv (February 22, 2017). "Karan Bhagat: The man who will keep you rich". Fortune magazine.
  2. "40 Under 40". fortuneindia.com.
  3. "Karan Bhagat - India's Young & Brightest Entrepreneurs in 40 Under 40". fortuneindia.com. 2016.
  4. "Finalists 2018" (PDF). www.ey.com. Ernst & Young.
  5. "Meet EOY India 2018 Finalist Karan Bhagat". EY India. February 15, 2019.
  6. John, Nevin (March 15, 2015). "A Wealth of Experience". businesstoday.in.
  7. Khan, Sobia (Dec 11, 2019). "Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects". Economictimes.indiatimes.com.
  8. Paul, Binu (October 14, 2016). "Exclusive: IIFL Wealth's Karan Bhagat & others invest in Kidsstoppress". vccircle.com.
  9. Ahuja, Aakanksha (July 24, 2018). "SAIF, Nexus, others invest $11 million in LifCare". livemint.com.
  10. "Clients are smarter than us, says Karan Bhagat". Cafemutual.com. April 7, 2019.
  11. Das, Purba (July 30, 2018). "Employees, capital, focus, and digitisation key to success: Karan Bhagat". fortuneindia.com.
  12. "A balanced portfolio with recaliberations per market levels is advised: Karan Bhagat, IIFL Investment Managers". economictimes.indiatimes.com. December 6, 2018.
  13. "SEQUENTIAL SUMMARY - Speakers" (PDF). iimbue.com. July 21, 2018. p. 18.
  14. "Wealth Manager - Karan Bhagat's Tips on ' Wealth Management'". timesnownews.com. October 5, 2018.
  15. Pimputkar, Sonali (November 13, 2018). "Tata Literature Live! 2018: Check out your super guide to the Tata LitFest 2018". freepressjournal.in.
  16. "In Conversation With Karan Bhagat". ET Now. January 6, 2017.
  17. "India remains a preferred destination for FIIs: Karan Bhagat". economictimes.indiatimes.com. May 25, 2017.
  18. "Tribute to Titans". Marwar.com. 2017.
  19. "Youth BUsiness Tycoons Under 40 - Karan Bhagat". indiatimes.com. March 30, 2015.
  20. "The power of 30! How these top bosses overcame stress, ennui to make it big". economictimes.indiatimes.com. July 10, 2017.
  21. "How India's largest wealth manager stays sharp". Hubbis.com. July 11, 2017.
  22. "2018 - Winners". Indiawealthawards.com.
  23. "Global Indian of the Year" (PDF). AsiaOne. 16 (7): 8, 87, 88, 89. December 2018.
  24. "EY Announces 16 Finalists for the 20th EY Entrepreneur of the Year™ Awards Program". www.ey.com. February 4, 2019.
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