Karan Bhagat
Indian entrepreneur and investor
From Wikipedia, the free encyclopedia
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 | |
|---|---|
| Alma mater | IIM Bangalore, 2001 |
| Occupations | Founder, MD & CEO of 360 One WAM |
| Organization | 360 One WAM |
| Spouse | Shilpa 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 and Yatin 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]
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
| Year | Award(s) | Notes |
|---|---|---|
| 2015 | Youth Business Tycoons Under 40 by Indiatimes.com | [10] |
| 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 | [11] |
| 2017 | Indian Wealth Management - Award for Excellence by Hubbis | [12] |
| 2018 | Best Wealth Management Thought Leader - India Wealth Awards | [13] |
| 2017-18 | Global Indian of the Year - India's Greatest Brands & Leaders | |
| 2017-18 | Global Indian of the Year by URS asiaone.co.in | [14] |
| 2018 | Finalist for the Entrepreneur of the Year India Awards | [15] |