Karan 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. He has been listed in fortuneindia.com's 40 Under 40 list in 2016 and 2017. He was also a finalist for the EY Entrepreneur of the Year Award in 2018.

Early life and education

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

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.
In April 2008, Bhagat and Yatin Shah founded IIFL Wealth Management Ltd. as a unit of IIFL Holdings.
His company IIFL Wealth sold a 21.6% stake in the wealth unit to General Atlantic for ₹ 1.2 billion 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. He is also an angel investor in half-a-dozen startups.
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.

Public and media appearances

Some of his public appearances are:
YearTitleRef
2019Speaker, Cafe Mutual IFA CIFA
2018Fortune India Next 500 Annual Summit
2018ETMarkets Global Summit
2018IIMBue
2018The Wealth Manager, on Times Now
2018Tata Literature Live!
2017Asset Reboot, on ET Now
2017Market Makers Show, on ET Now
Panel discussion, Tribute to Titans