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Karan Bhagat, 38

MD and CEO

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Bhagat, who left Kotak Wealth in late 2007 to build IIFL Wealth, took his new company to break-even in less than two financial years, notwithstanding the recession. “From the beginning, we pushed better-yielding products to clients when others were pushing better-earning ones,” he says. Over the past six years, the company has clocked 34.5% and 37.4% CAGR in revenue and profit, respectively. Last October, General Atlantic pumped in $173 million, valuing it at $800 million.

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