Indian Family-Office Assets Forecast to Reach 1.5 Times 2024 Level
Indian family-office assets to grow 1.5x from 2024 levels in three years to INR 1.05 trillion, per Julius Baer-EY report.
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Assets managed by Indian family offices are projected to reach 1.5 times their 2024 level within the next three years, according to a report by Julius Baer and EY. The report estimates family-office assets stood at approximately INR 700 billion (USD 7.31 billion), or INR 70,000 crore, in 2024. If the forecast holds, assets will reach around INR 1.05 trillion (USD 10.97 billion), or INR 1,05,000 crore, marking an increase of about 50%.
India has more than 19,000 ultra-high-net-worth individuals, a figure expected to exceed 25,000 by 2031, the report said. It also forecasts an intergenerational wealth transfer of USD 1.3 trillion to USD 1.5 trillion over the coming decade, driving demand for stronger governance, succession planning, and more institutional operating models.
Surabhi Marwah, Tax Partner and Leader, Family Office Advisory Services, EY India said, “Indian family offices are evolving from wealth preservation vehicles into active allocators of long-term capital. As wealth creation accelerates, families are increasingly investing in private markets, innovation-led sectors and opportunities linked to India’s growth story. This shift is also bringing greater focus on governance, succession planning and professional management as families seek to build enduring institutions that can create value across generations.”
Many Indian family offices allocate between 40% and 45% of their portfolios to alternative assets, including private equity, venture capital, private credit, alternative investment funds, REITs, and InvITs. The report also identified growing interest in direct investments and co-investments in artificial intelligence, climate technology, renewable energy, semiconductors, electronics manufacturing, cloud services, and data-centre infrastructure.
Julius Baer and EY noted that technology is becoming increasingly important to family offices, with rising adoption of AI-enabled analytics, integrated reporting systems, cybersecurity measures, and digital-governance tools. Growing cross-border investment is also increasing demand for professional management, specialised talent, and stronger governance amid regulatory, data-privacy, and transparency requirements.
Assets managed by Indian family offices are projected to reach 1.5 times their 2024 level within the next three years, according to a report by Julius Baer and EY. The report estimates family-office assets stood at approximately INR 700 billion (USD 7.31 billion), or INR 70,000 crore, in 2024. If the forecast holds, assets will reach around INR 1.05 trillion (USD 10.97 billion), or INR 1,05,000 crore, marking an increase of about 50%.
India has more than 19,000 ultra-high-net-worth individuals, a figure expected to exceed 25,000 by 2031, the report said. It also forecasts an intergenerational wealth transfer of USD 1.3 trillion to USD 1.5 trillion over the coming decade, driving demand for stronger governance, succession planning, and more institutional operating models.
Surabhi Marwah, Tax Partner and Leader, Family Office Advisory Services, EY India said, “Indian family offices are evolving from wealth preservation vehicles into active allocators of long-term capital. As wealth creation accelerates, families are increasingly investing in private markets, innovation-led sectors and opportunities linked to India’s growth story. This shift is also bringing greater focus on governance, succession planning and professional management as families seek to build enduring institutions that can create value across generations.”
