Summary:

Family offices in India, designed to manage the wealth of ultra-high-net-worth individuals, have grown significantly, rising from 45 in 2018 to 300 in 2024. This surge, nearly sevenfold, is driven by enhanced investment management, succession planning, and philanthropy. Ms. Sraboni Harlalka of Wodehouse Capital notes that diversification, professionalization, and a focus on succession and philanthropy are key reasons for this increase.

Notable Indian family offices include Catamaran Ventures, Premji Invest, Subhkam Ventures, Natarajan Sekhsaria Family Office, and Nadathur Holdings. Catamaran Ventures, founded by Infosys co-founder Narayana Murthy, has invested in ACKO, Reddit, and SpaceX. Premji Invest, led by Azim Premji, supports Lenskart and Canva. The Natarajan Sekhsaria Family Office holds stakes in Nykaa and Capital Small Finance Bank. Indian family offices manage about $30 billion in AUM, with 14% growth projected.

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.