Family offices in India rise from 45 to 300 in 6 years, handle US$ 30 billion in AUM

Family offices, established to manage the wealth of ultra-high-net-worth individuals or families, have witnessed significant growth in India, with their numbers rising nearly sevenfold in the past 6 years, according to PwC data. Family offices surged from 45 in 2018 to 300 in 2024, driven by a shift toward professional investment management, succession planning, and philanthropy. Co-founder at Wodehouse Capital, Ms. Sraboni Harlalka, commented, “The reason for this increase is because family offices have diversified their investments, professionalized their operations, and focused more on succession planning and philanthropy.”

Some of India's most notable family offices include Catamaran Ventures, Premji Invest, Subhkam Ventures, the Natarajan Sekhsaria Family Office, and Nadathur Holdings. Catamaran Ventures, founded by Infosys co-founder Mr. Narayana Murthy, has invested in companies like ACKO, Reddit, SpaceX, and the National Stock Exchange (NSE). Premji Invest, led by Mr. Azim Premji, has backed Lenskart, Canva, and Dezerv. At the same time, the Natarajan Sekhsaria Family Office holds stakes in Nykaa, Capital Small Finance Bank, and Pilgrim. Nadathur Holdings supports enterprises such as Medi Assist and Amagi. Indian family offices collectively manage an estimated US$ 30 billion in AUM, expected to grow at a CAGR of 14% over the next 3 years.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.