Karan Bhagat
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 |
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
[edit]He hails from a Marwari business family of Kolkata. Bhagat completed his MBA from Indian Institute of Management in 2001.[6]
Career
[edit]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
[edit]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
[edit]| 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
[edit]- ^ a b Bhuva, Rajiv (February 22, 2017). "Karan Bhagat: The man who will keep you rich". Fortune magazine.
- ^ "40 Under 40". fortuneindia.com. Archived from the original on 2020-06-07. Retrieved 2020-02-27.
- ^ a b "Karan Bhagat - India's Young & Brightest Entrepreneurs in 40 Under 40". fortuneindia.com. 2016.
- ^ "Finalists 2018" (PDF). www.ey.com. Ernst & Young.[permanent dead link]
- ^ "Meet EOY India 2018 Finalist Karan Bhagat". EY India. February 15, 2019.
- ^ a b c John, Nevin (March 15, 2015). "A Wealth of Experience". businesstoday.in.
- ^ Khan, Sobia (Dec 11, 2019). "Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects". Economictimes.indiatimes.com.
- ^ Paul, Binu (October 14, 2016). "Exclusive: IIFL Wealth's Karan Bhagat & others invest in Kidsstoppress". vccircle.com.
- ^ Ahuja, Aakanksha (July 24, 2018). "SAIF, Nexus, others invest $11 million in LifCare". livemint.com.
- ^ "Clients are smarter than us, says Karan Bhagat". Cafemutual.com. April 7, 2019.
- ^ Das, Purba (July 30, 2018). "Employees, capital, focus, and digitisation key to success: Karan Bhagat". fortuneindia.com.
- ^ "A balanced portfolio with recaliberations per market levels is advised: Karan Bhagat, IIFL Investment Managers". economictimes.indiatimes.com. December 6, 2018.
- ^ "SEQUENTIAL SUMMARY - Speakers" (PDF). iimbue.com. July 21, 2018. p. 18. Archived from the original (PDF) on February 27, 2020. Retrieved February 27, 2020.
- ^ "Wealth Manager - Karan Bhagat's Tips on ' Wealth Management'". timesnownews.com. October 5, 2018.
- ^ Pimputkar, Sonali (November 13, 2018). "Tata Literature Live! 2018: Check out your super guide to the Tata LitFest 2018". freepressjournal.in.
- ^ "In Conversation With Karan Bhagat". ET Now. January 6, 2017.
- ^ "India remains a preferred destination for FIIs: Karan Bhagat". economictimes.indiatimes.com. May 25, 2017.
- ^ "Tribute to Titans". Marwar.com. 2017. Archived from the original on 2020-08-21. Retrieved 2020-02-27.
- ^ "Youth BUsiness Tycoons Under 40 - Karan Bhagat". indiatimes.com. March 30, 2015.
- ^ "The power of 30! How these top bosses overcame stress, ennui to make it big". economictimes.indiatimes.com. July 10, 2017.
- ^ "How India's largest wealth manager stays sharp". Hubbis.com. July 11, 2017.
- ^ "2018 - Winners". Indiawealthawards.com.
- ^ "Global Indian of the Year" (PDF). AsiaOne. 16 (7): 8, 87, 88, 89. December 2018.[permanent dead link]
- ^ "EY Announces 16 Finalists for the 20th EY Entrepreneur of the Year™ Awards Program". www.ey.com. February 4, 2019.[permanent dead link]