MUMBAI: India's family office ecosystem has grown to more than 300 entities managing over $30 billion in assets, with the country trailing only the US and China in adding new members to the list of ultra-high-net-worth individuals, according to The Indian Family Offices Report '26 by The Economic Times and 1Lattice.The number of high-net-worth families (with wealth over $30 million) in India is set to increase from 16,000 in 2025 to about 26,000 by 2030, said the report. India's intergenerational wealth transfer, it said, may go up to $1.3-1.5 trillion over the next decade.Family offices facilitate wealth and risk management, tailor strategies to match the family's vision, offer a private space to manage their affairs, and help with active wealth creation along with cross-border investments.India to hold vice-presidency of global financial crime watchdog FATF for first timeSpeaking at a panel on the report's launch Tuesday in Mumbai, Ashvini Chopra, head of Family Office at Avendus, said governance, custodianship, tax planning, residency planning and shareholding structuring all become a part and parcel of managing wealth.More than 50% of Indian family offices now involve millennial or Gen Z family members in investment decisions and about 30% of next-gen Indian investors prefer making allocations towards startups, particularly in health tech, fintech, and AI, said the report.Nathu La, Lipulekh La checkposts designated as immigration posts for Kailash Mansarovar pilgrimsManaging wealth has become the priority for some of the next generation in family offices, unlike the predecessors who actively ran their businesses."Some of the large family offices have monetised some of the operating business, and those businesses are now being professionally managed," said Rinkoo Somani, group chief financial officer at Dani Family office. These families, she said, are more focused on deploying the capital.
India to have 26,000 high net-worth families by 2030, says report
The number of high-net-worth families (with wealth over $30 million) in India is set to increase from 16,000 in 2025 to about 26,000 by 2030, said the report. India's intergenerational wealth transfer, it said, may go up to $1.3-1.5 trillion over the next decade. Family offices facilitate wealth and risk management, tailor strategies to match the family's vision, offer a private space to manage their affairs, and help with active wealth creation along with cross-border investments.
India's 300+ family offices managing $30B will see high-net-worth families reach 26,000 by 2030, as $1.3-1.5T intergenerational wealth transfers. Next-gen allocate ~30% to fintech, health tech, and AI startups, signaling structural capital redeployment toward tech-driven innovation.
