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Karan Bhagat

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Karan Bhagat
Alma materIIM Bangalore, 2001
OccupationsFounder, MD & CEO of 360 One WAM
Organization360 One WAM
SpouseShilpa Bhagat

Karan Bhagat is an Indian entrepreneur and investor, who is the founder, CEO and MD of 360 ONE WAM, an Indian wealth management firm.[1] He has been listed in fortuneindia.com's 40 Under 40 list in 2016 and 2017.[2][3][4][5]

Karan Bhagat was honoured with the Economic Times 'Asia's Promising Business Leaders 2021-22'. [6]

In the 27th edition of the EY Entrepreneur of the Year Awards held in February 2026, Karan Bhagat was the winner in the services category. [7]


Early life and education

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He hails from a Marwari business family of Kolkata. Bhagat completed his MBA from Indian Institute of Management in 2001.[8]

Career

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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.[8]

In April 2008, Bhagat and Yatin Shah founded IIFL Wealth Management Ltd. as a unit of IIFL Holdings.[8]

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.[9] He is also an angel investor in half-a-dozen startups.[1][10][11]

In November 2022, the company rebranded as 360 ONE, renaming its wealth management division as 360 ONE Wealth and its asset management division as 360 ONE Asset.[citation needed]

Awards and recognition

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Year Award(s) Notes
2015 Youth Business Tycoons Under 40 by Indiatimes.com [12]
2016 Fortune India's 40 Under 40 list [3]
2017 Fortune India's 40 Under 40 list [citation needed]
2017 The Economic Times's 40 under 40 list 2017 [13]
2017 Indian Wealth Management - Award for Excellence by Hubbis [14]
2018 Best Wealth Management Thought Leader - India Wealth Awards [15]
2017-18 Global Indian of the Year - India's Greatest Brands & Leaders
2017-18 Global Indian of the Year by URS asiaone.co.in [16]
2018 Finalist for the Entrepreneur of the Year India Awards [17]

References

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  1. ^ a b Bhuva, Rajiv (22 February 2017). "Karan Bhagat: The man who will keep you rich". Fortune magazine.
  2. ^ "40 Under 40". fortuneindia.com. Archived from the original on 7 June 2020. Retrieved 27 February 2020.
  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. 15 February 2019.
  6. ^ https://www.iimb.ac.in/karan-bhagat-named-asia-promising-business-leader
  7. ^ https://economictimes.indiatimes.com/news/company/corporate-trends/deepinder-goyal-named-ey-entrepreneur-of-the-year-uday-kotak-honoured-with-special-jury-award/articleshow/128788984.cms?from=mdr
  8. ^ a b c John, Nevin (15 March 2015). "A Wealth of Experience". businesstoday.in.
  9. ^ Khan, Sobia (11 December 2019). "Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects". Economictimes.indiatimes.com.
  10. ^ Paul, Binu (14 October 2016). "Exclusive: IIFL Wealth's Karan Bhagat & others invest in Kidsstoppress". vccircle.com.
  11. ^ Ahuja, Aakanksha (24 July 2018). "SAIF, Nexus, others invest $11 million in LifCare". livemint.com.
  12. ^ "Youth BUsiness Tycoons Under 40 - Karan Bhagat". indiatimes.com. 30 March 2015. Archived from the original on 27 February 2020. Retrieved 27 February 2020.
  13. ^ "The power of 30! How these top bosses overcame stress, ennui to make it big". economictimes.indiatimes.com. 10 July 2017.
  14. ^ "How India's largest wealth manager stays sharp". Hubbis.com. 11 July 2017.
  15. ^ "2018 - Winners". Indiawealthawards.com.
  16. ^ "Global Indian of the Year" (PDF). AsiaOne. 16 (7): 8, 87, 88, 89. December 2018.[permanent dead link]
  17. ^ "EY Announces 16 Finalists for the 20th EY Entrepreneur of the Year™ Awards Program". www.ey.com. 4 February 2019.[permanent dead link]