The number of high-net-worth families with assets exceeding $30 million is expected to nearly double, rising from 16,000 in 2025 to 26,000 by 2030
India’s family offices are emerging as a significant force in the global economy. According to a report by The Economic Times and market intelligence firm 1Lattice, the country is now home to more than 300 family offices managing over $30 billion in assets. The number of high-net-worth families with assets exceeding $30 million is expected to nearly double, rising from 16,000 in 2025 to 26,000 by 2030, while intergenerational wealth transfers are projected to reach $1.3–1.5 trillion over the next decade. A generational shift is also underway, with millennials and Gen Z now involved in investment decisions at more than half of family offices.
The growing influence of younger generations has helped reshape Indian family offices’ investment strategies. Around 30% now favor startup investments in sectors such as healthtech, fintech and AI, rather than traditional assets like real estate and gold. According to Tracxn data cited by CNA, startup funding backed by family offices nearly doubled in 2024, reaching $1.62 billion compared with $876.7 million the previous year. Analysts attribute this shift to the appeal of family offices’ “patient capital” — funding that is not subject to the eight-to-ten-year return pressures faced by institutional venture capital investors. This makes them attractive partners for founders navigating longer development cycles. Examples include the family office of Sattva Group, which has diversified beyond real estate into technology and backed companies such as InCred, and Artha India Ventures, an early investor in Oyo. Geopolitical volatility has further strengthened the appeal of relationship-driven capital, although Falguni Shah of PwC notes that governance and alignment among family members remain key challenges as these offices expand.
Another notable trend among Indian family offices is the growing interest in impact investing, which seeks measurable social or environmental outcomes alongside financial returns, distinguishing it from pure philanthropy and blended finance. Between 2021 and 2024, 923 unique high-net-worth families made impact investments, including 86 that invested through formal family office structures. Climate tech has emerged as a leading area of investment, alongside financial inclusion platforms and healthcare. Although engagement remains at an early stage and is often exploratory, it points to a meaningful shift toward more values-driven investment decisions among India’s wealthiest families.
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The growing influence of younger generations has helped reshape Indian family offices’ investment strategies. Around 30% now favor startup investments in sectors such as healthtech, fintech and AI, rather than traditional assets like real estate and gold. According to Tracxn data cited by CNA, startup funding backed by family offices nearly doubled in 2024, reaching $1.62 billion compared with $876.7 million the previous year. Analysts attribute this shift to the appeal of family offices’ “patient capital” — funding that is not subject to the eight-to-ten-year return pressures faced by institutional venture capital investors. This makes them attractive partners for founders navigating longer development cycles. Examples include the family office of Sattva Group, which has diversified beyond real estate into technology and backed companies such as InCred, and Artha India Ventures, an early investor in Oyo. Geopolitical volatility has further strengthened the appeal of relationship-driven capital, although Falguni Shah of PwC notes that governance and alignment among family members remain key challenges as these offices expand.
Another notable trend among Indian family offices is the growing interest in impact investing, which seeks measurable social or environmental outcomes alongside financial returns, distinguishing it from pure philanthropy and blended finance. Between 2021 and 2024, 923 unique high-net-worth families made impact investments, including 86 that invested through formal family office structures. Climate tech has emerged as a leading area of investment, alongside financial inclusion platforms and healthcare. Although engagement remains at an early stage and is often exploratory, it points to a meaningful shift toward more values-driven investment decisions among India’s wealthiest families.
www.bankingnews.gr
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