Karan Bhagat

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

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]

References

  1. ^ a b Bhuva, Rajiv (February 22, 2017). "Karan Bhagat: The man who will keep you rich". Fortune magazine.
  2. ^ "40 Under 40". fortuneindia.com. Archived from the original on 2020-06-07. Retrieved 2020-02-27.
  3. ^ a b "Karan Bhagat - India's Young & Brightest Entrepreneurs in 40 Under 40". fortuneindia.com. 2016.
  4. ^ "Finalists 2018" (PDF). www.ey.com. Ernst & Young.[permanent dead link‍]
  5. ^ "Meet EOY India 2018 Finalist Karan Bhagat". EY India. February 15, 2019.
  6. ^ a b c 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. Archived from the original (PDF) on February 27, 2020. Retrieved February 27, 2020.
  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. Archived from the original on 2020-08-21. Retrieved 2020-02-27.
  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.[permanent dead link‍]
  24. ^ "EY Announces 16 Finalists for the 20th EY Entrepreneur of the Year™ Awards Program". www.ey.com. February 4, 2019.[permanent dead link‍]