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360 ONE Portfolio Managers Limited
360 ONE Portfolio Managers Limited was carved out of IIFL Wealth in 2021, following a management buyout led by Karan Bhagat and backed by global investors...
360 ONE Portfolio Managers Limited
360 ONE Portfolio Managers Limited was carved out of IIFL Wealth in 2021, following a management buyout led by Karan Bhagat and backed by global investors including General Atlantic. The firm operates as the discretionary portfolio management entity within the 360 ONE group, which also maintains a larger wealth advisory business. Its founding team built the venture on a decade of relationships with India's wealthiest families, a pool that Forbes estimates numbers over 200 ultra-high-net-worth households (per Forbes India, 2022). The firm's strategy spans four principal asset classes: public equities, private credit, structured real estate, and infrastructure debt. It targets mid-to-late-stage companies in India, with documented holdings in areas like renewable energy and financial services. Co-investments alongside institutional partners are common; in 2023, the firm participated in a $150M infrastructure debt deal alongside a large Indian pension fund (per public record). Geographically, all deployment is India-focused, with the firm's Mumbai headquarters anchoring operations. Total AUM for the portfolio management unit is not publicly disclosed, but the broader 360 ONE group reported approximately $45B in total client assets across all verticals as of March 2024 (per the firm's annual report). The portfolio management arm is estimated by Altss to represent roughly $3–5B of that. The firm employs around 60 professionals across investment, compliance, and client-service functions. No additional offices are publicly named beyond Mumbai. In February 2024, the firm launched a dedicated private credit fund targeting infrastructure and real estate borrowers (per news reports). The structural differentiator for 360 ONE Portfolio Managers is its hybrid model: it functions as a multi-family office that provides discretionary portfolio management for a closed network of families, while the parent group retains a larger wealth advisory business. This allows the firm to offer direct-access private market deals typically reserved for institutional investors — a structure rarely replicated by Indian wealth managers.
General information
Firm type
Multi Family Office
Year founded
2021
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, Maharashtra, India
Principals
Karan Bhagat
Founder & CEO
Anup Maheshwari
Co-Founder & CIO
Sector focus
Frequently asked questions
Who runs investment decisions at 360 ONE Portfolio Managers Limited?
Karan Bhagat serves as Founder & CEO, while Anup Maheshwari is Co-Founder & CIO. The investment team is led by Maheshwari, who oversees asset allocation across equities, credit, and alternatives. The firm does not publicly name other investment committee members, but the duo's tenure at IIFL Wealth suggests continuity.
How is 360 ONE Portfolio Managers related to IIFL Wealth?
360 ONE was created from the wealth management business of IIFL Wealth in 2021 via a management buyout. The portfolio management arm is the discretionary investment entity of the 360 ONE group. IIFL Wealth's original founders and key personnel transitioned to 360 ONE, and the group continues to serve many of the same family office clients.
Does 360 ONE Portfolio Managers invest in fund commitments or only direct deals?
The firm primarily makes direct investments across equities, private credit, and real estate. It also participates in co-investments alongside institutional partners in infrastructure debt and structured finance. Fund commitments are possible but not a core disclosed strategy.
What investment stages does 360 ONE Portfolio Managers typically target?
The firm focuses on later-stage and mature companies in India, including growth-stage equity, private credit for established businesses, and infrastructure debt. It does not target venture-stage or early-stage startups publicly.
Where does the underlying wealth come from?
The underlying wealth originates from India's ultra-high-net-worth families, many of whom were legacy clients of IIFL Wealth. The firm does not disclose specific family names, but its client base is believed to include promoters of large listed companies and real estate developers. Wealth origin is not tied to a single source.
Is 360 ONE Portfolio Managers structured as a single family office or multi-family office?
It operates as a multi-family office (MFO) plus an asset manager. The firm serves a network of wealthy Indian families but manages capital in a pooled or discretionary format rather than as a dedicated single-family office. Its structure is distinct from a pure wealth advisory.
Does 360 ONE Portfolio Managers maintain any philanthropic structures?
No publicly disclosed philanthropic foundation or separate charitable vehicle is named for the portfolio management arm. The broader 360 ONE group has a corporate social responsibility (CSR) program, but it is not a separately branded foundation.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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