From selling travel products to managing over $70 bn. The story of Karan Bhagat.

Karan Bhagat, Founder, MD & CEO, founded 360 One, a wealth management company now trusted with over $79 billion. Before boardrooms and managing billions, he was selling travel packages based out of Kolkata. That’s when he promised himself, he would never sell again. Little did he know this would turn out be his biggest strength. Karan went to IIM Bangalore and later secured a job with Kotak Securities. He started his career with Kotak in Delhi. But he had no network. He looked up number plates of expensive cars to find out who owner them and later found a way to enter large homes in high profile addresses in the capital. And a few of those clients still remain. And how did he meet his wife? She was one of his students. Yes, he literally broke his back teaching prospective students crack the IIM entrance exams. Karan began his entrepreneurial journey in 2008 with a conviction that India’s ultra-high net worth individuals and families would increasingly demand world class wealth and asset management services. He left a leading financial firm to cofound IIFL Wealth Management, which was later demerged and rebranded as 360 ONE, listing in 2019. Then, in FY25, 360 ONE Alternates Asset Management was demerged to build a world-class investment platform for sophisticated investors. Karan has also cemented his position as a sector leader by executing many milestone transactions, including one of India’s largest private credit deals in insurance.The home-grown company ranks among the top 10 wealth managers in India by market share, a space otherwise dominated by institutions. Karan talks about the "secret sauce" as a combination of the right products, platform and people. The best relation managers are known to be found at 360 One. Interestingly, Karan talks about the next generation treating liquidity events more as financial investing opportunities rather than plugging a lot of that back into running of companies. He also highlights optimal return instead of maximum return and how risk appetite changes as wealth grows. On a personal note, his kids have been given portfolios to manage of their own at age 13 and understand a lot about investing already. Never too early to start it seems . He says he has not changed much after earning tremendous amounts of wealth. His only extravagance he says is his home and travel. He also loves productivity. Even in his spare time. #karanbhagat #wealthmanagement #markets #debt #compoundingreturns #equitymarkets #bullmarkets #uncertainity #volatility #goldreturns #art #360 #iiflwealthmanagemnt #podcast #interview Insta‪@letstalkwithDevnaG‬