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Investor Directory

Family Offices in India

This directory covers 27 family offices in India, where 180-220 offices manage combined assets above $280-340B across Mumbai, Bangalore, Delhi, and Ahmedabad. Premji Invest ($15B+), Poonawalla Family Office ($22B+), ASK Private Wealth (~$10B), and Client Associates ($7B under advice) anchor the top tier. Mumbai dominates with roughly 85 offices ($180-210B AUM), driven by conglomerate wealth, business family holdings, and banking fortunes. Bangalore hosts 45 offices ($65-80B AUM) from IT and tech founders. Delhi manages 35 offices ($25-35B AUM) focused on real estate, retail, and diversified holdings. Ahmedabad controls 25 offices ($15-25B AUM) centered on textiles, chemicals, and manufacturing. Unlike Western markets, Indian family offices frequently operate as holding company structures with active involvement in underlying businesses. About 64% of family wealth remains deployed in founder-controlled operating businesses, creating integrated wealth management and operational decision-making. Generational transitions are actively occurring, with younger members increasingly advocating for VC and technology allocations alongside traditional holdings.

27 Firms Listed$100.1+ trillion Combined AUMEst. 1897–2022

Data last verified: April 2026

27 firms

Multi-Family Officeverified

Altamount Capital Management

Mumbai, India

AUM

Mumbai-based MFO focused on adding value across generations. Altamount provides capital management services for select Indian business families with particular emphasis on PE strategies.

Focus

Multi-generational capital management with focus on PE and value creation across generations

Single-Family Officeverified

Ambani Family Office

Mumbai, India

AUM

The Ambani family controls Reliance Industries, a Fortune 500 company and India's largest private corporation. FY25 consolidated revenue reached INR 10.71 lakh crores (~$125B+), with EBITDA of INR 1,83,422 Cr and net profit of INR 81,309 Cr. Reliance operates the world's largest single-location refinery at Jamnagar. Jio serves 500M+ customers with an IPO planned for H1 2026. Reliance Retail runs ~19,340 stores as India's largest retailer. New energy: building integrated solar, battery, and hydrogen systems.

Focus

Controlling stake in Reliance Industries: energy, petrochemicals, telecom (Jio), retail, media, and new energy

Multi-Family Officeverified

ASK Private Wealth

Mumbai, IndiaEst.1983

AUM

~$10B (INR 81,000 Cr+)

Founded in 1983, ASK Asset & Wealth Management Group manages over INR 81,000 Cr (~$10B) for 20,000+ clients across seven business units: ASK Investment Managers (discretionary PMS), ASK Private Wealth (UHNW advisory), ASK Property Fund (real estate PE), ASK Capital (international), ASK Hedge Solutions, ASK Finance (NBFC), and ASK Private Credit Fund. Real estate and long-short fund AUM surged 122% YoY in FY2025. The firm serves 3,600+ wealth families and 18,000+ asset management folios.

Focus

Investment management, wealth advisory, real estate PE, hedge funds, private credit, and financing

Single-Family Officeverified

Berggruen Holdings

AUM

Berggruen Holdings invests across a wide range of industries, continents, and asset classes including direct PE, real estate, alternative energy, financial instruments, and basic industry startups. The firm builds its portfolio through long-term, value-oriented investments, acquisitions, and partnership management.

Focus

Global equity investments across multiple industries and asset classes with emphasis on direct PE, real estate, alternative energy, and financial instruments

Sectors

Private EquityReal EstateAlternative EnergyFinancial ServicesIndustrial

Invests via

Direct Investments
Single-Family Officeverified

Burman Family Holdings

Delhi, India

AUM

The strategic investment platform of one of India's prominent business families. Burman Family Holdings manages the private wealth and investment activities of the Burman family, focusing on proprietary capital deployment across diverse opportunities from Delhi.

Focus

Strategic investment platform for the Burman family's private wealth

Multi-Family Officeverified

Cervin Family Office

Mumbai, India

AUM

Mumbai-based MFO serving select Indian business families with holistic wealth management, investment strategy, asset allocation, and family governance advisory. Limited public disclosure on AUM and operations.

Focus

Multi-family office providing investment management and wealth advisory to Indian business families

Multi-Family Officeverified

Client Associates

Gurgaon, IndiaEst.2002

AUM

$7B assets under advice

Founded in 2002, Client Associates manages roughly $7B in assets under advice across 1,300+ active client relationships. The firm operates from 11 Indian cities with 250+ professionals averaging 17+ years of experience. Services span private wealth management, family office solutions, estate planning, real estate advisory, investment banking, lending, insurance, and immigration. Five-time Best Financial Advisor Award winner; named Asian Family Office of the Year by Citywealth.

Focus

Private wealth management, family office solutions, estate planning, real estate advisory, investment banking, and lending

Multi-Family Officeverified

Credence Family Office (now Equirus Family Office)

Bangalore, IndiaEst.2010

AUM

INR 10,000 Cr (~$1.2B)

Pioneering the MFO space in India since 2010, Credence now operates as Equirus Family Office (Equirus Wealth Pvt. Ltd.). The firm grew from INR 50 Cr and 20 clients in 2010 to INR 10,000 Cr and 350 clients by 2025, with a 50-person team. Services include custom wealth management, strategic tax planning, bookkeeping, business advisory, risk management, concierge, mentorship, and philanthropy guidance. SEBI-registered as broker, portfolio manager, research analyst, and depository participant.

Focus

MFO offering wealth management, tax planning, business advisory, risk management, philanthropy, and mentorship

Single-Family Officeverified

Dandu Family Office

Hyderabad

AUM

The investment arm of the Dandu Group, recognized as one of the largest family offices in India. Dandu Family Office invests across PE, growth equity, and VC from Hyderabad, backing ambitious ideas and entrepreneurs across fintech, infrastructure, maritime, consumer goods, e-commerce, biotech, energy, telecom, media, and mobility.

Focus

Private equity, growth equity, and venture capital investments across technology, infrastructure, finance, healthcare, and consumer markets

Sectors

Financial TechnologiesInfrastructureMaritimeConsumer GoodsE-CommerceBiotechEnergyTelecomMediaMobility

Invests via

Direct Investments
Single-Family Officeverified

Godrej Family Office

Mumbai, IndiaEst.1897

AUM

Founded in 1897 by Ardeshir Godrej, the Godrej Group is one of India's most venerated industrial dynasties. Godrej Consumer Products (market cap INR 1,00,928 Cr) generates INR 15,184 Cr in revenue across personal and home care. Godrej Properties ($6.7B market cap) is a leading residential developer. Godrej Industries coordinates the broader group with FY2025-26 revenue of INR 21,924 Cr. The group operates across nine sectors spanning banking, energy, digital, mobility, real estate, healthcare, trading, lubricants, and media.

Focus

Consumer products, real estate development, industrial chemicals, agrovet, and technology

Single-Family Officeverified

Green Capital

New Delhi, India

AUM

Green Capital operates as an AMFI-registered mutual fund distributor providing a digital investment platform from New Delhi. Limited public disclosure on AUM and strategy.

Focus

AMFI-registered mutual fund distribution and investment platform

Single-Family Officeverified

Indvest Group

Mumbai, India

AUM

Mumbai-based family office focused on investing proprietary capital in high-quality public and private companies in India. Indvest Group deploys directly into the Indian market.

Focus

Investment in public and private companies in India

Invests via

Direct Investments
Single-Family Officeverified

Innovations Investment Management

Bangalore, IndiaEst.2005

AUM

Key:S.D. Shibulal, Founder

The SFO of S.D. Shibulal, co-founder of Infosys, established in FY2005-06. Innovations operates as a custodian of assets with a long-term growth perspective across two tracks: philanthropy (Samhita Academy, Vidyadhan, Ankur, Shikshalokam) and business ventures (Axilor Ventures, The Tamara Leisure Experience, Numeros Motors, Micelio Mobility, The Organic World). Winner of Global Family Office of the Year and Best Family Office Custodian 2024.

Focus

Philanthropy and business ventures spanning education, entrepreneurship, mobility, hospitality, and organic retail

Single-Family Officeverified

MABS Enterprises LLP

AUM

The office of the Shanghvi Family. While core businesses are textile machinery manufacturing and foundry, MABS proactively seeks investment opportunities in real estate, retail, and the startup space. The firm partners with young business minds to create sustainable businesses while maintaining ethical practices and long-term growth perspectives.

Focus

Early-stage startup investments and partnerships in Technology, Cloud Kitchens, Financial Services, Healthcare, Real Estate, and Retail

Sectors

TechnologyCloud KitchensFinancial ServicesHealthcareReal EstateRetail
Single-Family Officeverified

Maheshwari Investors Private Limited (MIPL)

MumbaiEst.1946

AUM

Founded in 1946, MIPL is an NBFC that operates as the investment arm of the Maheshwari Family Office. In its long history, MIPL has promoted ventures, built teams, and created impact across real estate, pharmaceuticals, renewable energy, IT, e-commerce, and education. Current focus: seed funding for promising ideas, lending to real estate developers, and renewable energy investment.

Focus

Seed funding, real estate lending, renewable energy investments, public equities, and algorithmic trading

Sectors

Real EstatePharmaceuticalsRenewable EnergyInformation TechnologyEcommerceEducationPublic Equities

Invests via

Direct InvestmentsFund Commitments
Single-Family Officeverified

Manjushree Ventures

AUM

Founded by Vimal Kedia, Manjushree Ventures began with a vision and grew into a worldwide influence across diverse industries. Today the company operates as a conglomerate with ventures in technical textiles, health and wellness, paper packaging, real estate, and beyond.

Focus

Diverse business sectors including rigid plastic packaging, technical textiles, health and wellness, paper packaging, and real estate

Sectors

PackagingTechnical TextilesHealth and WellnessPaper PackagingReal Estate

Invests via

Direct Investments
Single-Family Officeverified

Midas Capital

Delhi NCR, India

AUM

Based in Delhi NCR, Midas Capital is a Baheti Family Office entity investing across various asset classes for sustainable global development and wealth preservation. The firm takes a disciplined, patient approach, focusing on long-term value creation.

Focus

Sustainable global development and wealth preservation

Single-Family Officeverified

Nadathur Group

Weybridge, UK / Bangalore, India

AUM

Key:Nadathur S. Raghavan, Founder

The family office of Nadathur S. Raghavan, co-founder of Infosys. The group operates across three pillars: a diversified core building endowment-style portfolios from capital preservation to high growth; concentrated investments in science and technology ventures with patient, flexible capital; and social and philanthropy initiatives including NSRCEL at IIM Bangalore, FAME India (neurodevelopmental disabilities), biodiversity, and women's empowerment. Offices in Weybridge, Surrey, UK.

Focus

Endowment-style multi-generational portfolios, concentrated science and technology ventures, and philanthropy

Single-Family Officeverified

Pico Capital

AUM

Key:Ajay Bhartiya, Managing Director and Founder

Led by founder Ajay Bhartiya, Pico Capital Pvt. Ltd. is a family enterprise operating as a registered NBFC that manages proprietary capital across equity, fixed income, real estate, renewable energy, and startup funding. The firm focuses on fundamental research and disciplined investment processes.

Focus

Diversified investment across equity, fixed income, real estate, renewable energy and startup funding

Sectors

EquityFixed IncomeReal EstateRenewable EnergyStartups

Invests via

Direct InvestmentsFund Commitments
Single-Family Officeverified

Poonawalla Family Office

Pune, India

AUM

$22B+

Key:Adar C. Poonawalla, CEO

The Poonawalla family, led by Chairman Dr. Cyrus S. Poonawalla and CEO Adar C. Poonawalla, owns the Serum Institute of India -- the world's largest vaccine manufacturer. The institute produces vaccines for measles, mumps, rubella, DTP, hepatitis B, influenza, and COVISHIELD, with ongoing collaborations on chikungunya and Nipah vaccines. Family net worth: $22B+ (Forbes India #9, 2024). The broader Cyrus Poonawalla Group spans the Serum Institute and additional diversified holdings from Pune.

Focus

Vaccine manufacturing, pharmaceutical investments, and diversified holdings through Cyrus Poonawalla Group

Single-Family Officeverified

Premji Invest

AUM

$15 billion+

Managing $15B+ in evergreen capital, Premji Invest holds a portfolio of 165+ investments generating over $20B in aggregate revenue. The firm focuses on for-profit investing for good, building and supporting companies for the long term across AI, biopharma, and growth sectors. Track record: 12+ IPOs and 7+ M&A events.

Focus

Artificial intelligence, biopharmaceutical, gene therapy, life sciences, and technology investments

Sectors

Artificial IntelligenceBiopharmaceuticalGene TherapyTechnology
Single-Family Officeverified

Raintree Family Office

Mumbai, India

AUM

Key:Leena Dandekar, Founder and Principal

Established by Leena, Abha, and Vivek Dandekar, Raintree Family Office invests family-owned funds toward a portfolio promoting innovation in climate solutions, sustainability, and responsible consumption. The office manages two capital pools: a proprietary for-profit pool and a not-for-profit pool building a socially conscious investment portfolio.

Focus

Impact investing in climate solutions, sustainability, and responsible consumption through ESG-conscious alternative assets and equity investments

Sectors

Climate SolutionsSustainabilityImpact InvestingESG Alternatives

Invests via

Direct Investments
Single-Family Officeverified

Samaasa Capital

Bengaluru, India

AUM

A conviction-based, long-term family fund focused on managing personal wealth through fundamental research on growth-oriented stocks and emerging Indian companies. Samaasa Capital invests in niche companies with passionate management teams, emphasizing the long-term India growth story from Bengaluru.

Focus

Long-term, conviction-based equity investing in growth-oriented Indian companies

Sectors

Public EquitiesIndia-focused

Invests via

Public Equities
Single-Family Officeverified

SKG Family Office Pvt Ltd.

New Delhi, IndiaEst.2022

AUM

Key:Sanjay Krishna Goyal, Founder

Serial entrepreneur Sanjay Krishna Goyal founded SKG Family Office in 2022 after ACL Mobile (which he built) was acquired by Sinch in 2020. The firm manages wealth across three forms of capital: human, intellectual, and financial. SKG employs an all-weather portfolio approach alongside philanthropy through the Anandaya Foundation and Accelerate Indian Philanthropy.

Focus

All-weather investment portfolio management and philanthropy for the Goyal family

Single-Family Officeverified

The Narotam Sekhsaria Family Office

Mumbai

AUM

Key:Pulkit Sekhsaria, Managing Director

Formed by one of India's leading business families, NSFO seeks long-term partnerships in enterprises managed by world-class leadership teams. Led by Managing Director Pulkit Sekhsaria, the Sekhsaria family has demonstrated its ability to build class-leading enterprises across a variety of sectors over the past century.

Focus

Long-term investments and partnerships in public markets, commodities, private equities, and real estate

Sectors

Public MarketsCommoditiesPrivate EquitiesReal Estate

Invests via

Direct Investments
Multi-Family Officeverified

Waterfield Advisors

Mumbai, IndiaEst.2011

AUM

Key:Soumya Rajan, Founder & CEO

Pioneering unbiased wealth and family office advisory in India since 2011. Founded by Soumya Rajan (Forbes "50 over 50" 2026), Waterfield operates from 10+ cities including Mumbai, Delhi, Bengaluru, Chennai, Pune, and Kolkata. The firm serves family businesses (INR 100 Cr+ investable), professionals, founders, global Indians, and media/sports clients. SEBI-registered investment advisor and portfolio manager with INR 1 Cr minimums across PMS, fund of funds, smart beta, and global solutions.

Focus

Unbiased wealth and family office advisory, discretionary PMS, fund of funds, smart beta, and global investment solutions

Multi-Family Officeverified

Wodehouse Capital Advisors

Mumbai, India

AUM

Operating for over a decade from Mumbai, Wodehouse is a mid-market investment bank that also runs an MFO arm providing investment management and succession planning for UHNW individuals. The IB side covers M&A, PE and VC advisory, and debt advisory. Wodehouse is the first and only Indian investment bank in the World M&A Alliance, connecting clients across Africa, the Americas, Asia, Europe, and Oceania.

Focus

Mid-market investment banking, strategic consultancy, and multi-family office services for ultra-HNIs

MARKET ANALYSIS

The India Family Office Landscape

Indian family offices maintain highly concentrated allocations reflecting founder-family operational involvement and conglomerate structures. Traditional business holdings represent 35-45% of family wealth, frequently managed alongside portfolio investments. Real estate accounts for 15-22%, reflecting urbanization and infrastructure development. Technology and IT services capture 14-20%, with rapid growth among Bangalore offices and younger family members. FMCG and consumer goods represent 12-16%, given India's consumption trajectory. Financial services and banking pull 8-12%. Infrastructure investments (ports, logistics, telecom) represent 6-10%.

VC allocations are accelerating among younger family office principals. SEBI oversight creates regulatory clarity, with about 71% of offices maintaining formal SEBI registration. Next-generation family members are allocating 15-25% of portfolios to early-stage technology companies, up from 3-5% historically.

Check sizes remain smaller than Western markets: $2-15M for direct investments, with established offices deploying $5-30M rounds. About 78% of investments originate through family or business connections. Geographic concentration remains high: 72% of capital deploys within India despite international diversification goals.

The market combines traditional family business governance with increasingly professionalized structures. About 44% of offices maintain formal governance frameworks -- lower than Western markets but growing. Big-four accounting firms and specialized family office advisors provide governance and strategic guidance.

LOCAL MARKET

Why India

Indian family offices maintain deep knowledge of Indian business environments, regulatory structures, and supplier/customer networks. Capital seekers expanding within India benefit from family office operational connections and market expertise.

Conglomerate expertise creates value-add for platform acquisitions and consolidation plays. Many Indian offices maintain experienced acquisition and integration teams key to executing transformational deals.

Younger generation VC appetite creates emerging opportunities for technology and startup-stage capital. Family offices are increasingly active in Series A and Series B rounds across the Indian tech space.

Frequently Asked Questions

Indian family offices range from $30M to $15B+, with the median managing $150-350M. About 52% manage under $100M, reflecting India's emerging market status. Large conglomerate offices ($1B+) dominate asset concentration.

About 35-45% stays deployed in founder-controlled operating businesses, creating integrated wealth management and operational decision-making structures.

Check sizes range $2-15M for direct investments, with established offices deploying $5-30M rounds. Indian offices expect board participation and geographic focus on India.

Yes, significantly. Younger generation members are pushing for 15-25% VC allocations toward technology and innovation platforms, up from 3-5% historically.

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