Innovative, risk-taking and a number cruncher, Karan Bhagat epitomises the quintessential Marwari entrepreneur, whose story could very well be a case study of a successful Marwari entrepreneur. Meet the wealth management expert and founder of IIFL Wealth Management Ltd, who has scripted the firm’s skyrocketing success as its MD and CEO.
AS A MAN WHO HAS HAD FAILURE AND ADVERSE circumstances as his starting points, life has moulded Karan Bhagat to be unafraid and undaunted in business. Originally from Nawalgarh in Rajasthan, Bhagat hails from a family based in Kolkata that was into the fabrication business. However, with his father closing shop some 20 years ago, it was up to the next generation to take the family’s business legacy forward. A Marwari to the core, Karan Bhagat too forayed into the world of enterprise soon after and launched his own travel agency at the age of 17. However, the venture failed, which had him turn his focus to academics instead and proceed to IIM, Bangalore (now Bengaluru) for his MBA.
MBA done, Bhagat got an offer from Cluster Consulting, a strategic consulting firm in Barcelona in 2001, which disappointingly was revoked in the wake of the World Trade Centre tragedy. Rather than brood, he bided his time teaching English and Maths to MBA aspirants, until a placement in Kotak Mahindra Bank took him to Delhi the same year. Six years on, in 2007, a promotion brought him to Mumbai. “I was made the head of the bank’s wealth management practice for Mumbai,” says Bhagat. “The seeds of my dream of turning an entrepreneur were sown at that time.”.
How it all began
Denne historien er fra November-December 2017-utgaven av MARWAR India.
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Denne historien er fra November-December 2017-utgaven av MARWAR India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A WARRIOR on Many Fronts
From becoming the first woman from the Marwari community to join the Indian Army to emerging as the pioneer woman paratrooper from the the Indian Army Dental Corps, Dr. Captain Reeta Rajkishor Biyani also known as Ritu Biyani, has had a journey of courage and resilience.
IN THE EYE OF THE TIGER
Seasoned adventurers embark on a safari through Ranthambore National Park, a prestigious UNESCO World Heritage Site. Here, ancient 400-year-old banyan trees and the grand Ranthambore Fort serve as a picturesque backdrop for encounters with the park's iconic inhabitant: The Majestic Tiger.
Where Royalty Resis
Gatore Ki Chhatriyaan-the ornate, domeshaped cenotaphs in Jaipur-never stop fascinating the discerning traveller.
Where Love Begins
Mothers are a beacon of love, strength and wisdom. They are our biggest role models. And special occasions are a chance to reflect on the unending love and sacrifices made by our mothers. As an ode to Mother's Day that falls in May, we get a cross-section of celebrities from the design industry to share their thoughts on their mothers.
Postcards from Rajasthan
With fashion labels capturing the captivating beauty of traditional weaves, we explore the portrayal of the exquisite Rajasthani Banjaran rhapsody.
The Lawver Who Loves Cooking
In her book Bapu’s Curries: Culinary Journey of a Father, Shreeparna Khaitan takes us through the culinary journey of her father Umesh Khaitan and his passion for cooking. Flip through the pages for an excerpt from the book and authentic recipes straight from a Marwari household.
Hold, Sip & Enjoy Your Cuppa
A tete-a-tete with Mishthi Aggarwal, Founder-CEO, 93 Degrees Coffee Roasters, the fourth generation of the Bikanervala legacy, and the only woman specialty coffee roaster in India.
50 YEARS OF SPREADING Happiness
With the business conglomerate Emami marking its golden jubilee in 2024, MARWAR India explores its successful journey that started back in 1974 in the humble lanes of Burra Bazaar in Kolkata. The only business group in India run by two partner families unrelated by blood, the brand is rooted yet global in its appeal. Over to Aditya Agarwal and Manish Goenka, Promoter-Directors, Emami Group, on celebrating five decades in the industry.
A Powerhouse from The East
Cosmic Birla Group is a tale of vision, entrepreneurship, and commitment to excellence.
The Rolex Renaissance
To mark the International Women's Day, a shout out to women watch aficionados to embark on a journey of alluring Rolex wristwatches and consider adding some of them, at least, to your existing collection.
