Intergenerational Wealth Transfer in India: A $1.3 Trillion Opportunity
India is set to witness a significant intergenerational wealth transfer of $1.3 trillion over the next decade, driven by the rise of family offices and a tech-savvy new generation.
Wealth TransferFamily OfficesIntergenerationalTechnologyInvestmentReal Estate NewsJul 13, 2025
The next generation is driving this change by being more adventurous, globally focused, and impact-oriented. Technology, governance, and sustainability will define the next chapter for family offices in India, said Surabhi Marwah, Partner, People Advisory Services, and Private Client Services Co-Leader, EY India, in a report posted on LinkedIn.
These FOs are increasingly investing in alternative assets such as private equity, real estate, and direct investments in the booming startup industry. They are also opting to sell out during initial public offerings (IPOs) and reinvesting, thus creating a continuous cycle. As a result, they have become one of the biggest forces driving innovation in India, according to the CEO of a large FO based in Mumbai.
FOs are also investing heavily in the latest technology to manage wealth. This has intensified structured FO models for India, which balance tradition with innovation and preservation with growth, according to experts. Hybrid models and governance have become central to these firms. While the most common structure is the single-family office (SFO), there is also a rising demand for multi-family offices (MFOs), which serve multiple families and offer cost efficiencies.
There are models where dozens of families co-invest for a small advisory fee, said one such service provider. Technology is reshaping family offices through rapid adoption of SaaS platforms, AI-driven decision-making, advanced MIS systems, and secure digital infrastructure to manage complex, multi-asset portfolios efficiently, according to EY. Key challenges include navigating complex tax and regulatory frameworks, operational complexities, and cybersecurity risks, which remain significant concerns.
Akash and Anant Ambani are the richest individuals in India with a net worth of ₹3.59 trillion each. Isha Ambani tops the women’s list, according to the 360 ONE Wealth Creators list published mid-June.
The transfer of large wealth to the younger generation among ultra-wealthy (UHNIs) is driving new-age technology adoption and transparency in FOs, a traditionally conservative business. India is witnessing a sharp increase in the number of family offices, from just 45 in 2018 to nearly 300 in 2024, according to Swiss Bank Julius Baer. With approximately 13,000 UHNW families today, expected to grow to 19,000 by 2028, the segment is expanding rapidly. Despite this growth, 41% of families have not formalized their succession plans.
Around 11,000 FOs exist around the world, according to PricewaterhouseCoopers, another of the big-four accounting firms. The US remains the most important target market for FO investments worldwide, with a deal share of 47%, while Europe has lost ground, with its share declining recently.
Frequently Asked Questions
What is the projected amount of wealth to be transferred in India over the next decade?
The projected amount of wealth to be transferred in India over the next decade is $1.3 trillion.
What are the key drivers of the intergenerational wealth transfer in India?
The key drivers include a tech-savvy new generation, global focus, and a focus on impact and sustainability.
What are the main types of investments being made by family offices in India?
Family offices in India are increasingly investing in alternative assets such as private equity, real estate, and direct investments in startups.
What are the challenges faced by family offices in India?
Key challenges include navigating complex tax and regulatory frameworks, operational complexities, and cybersecurity risks.
How many family offices are expected to be in India by 2024?
The number of family offices in India is expected to reach nearly 300 by 2024.
Related News Articles
Surge in Demand Fuels Signature Global's Q1 Sales Bookings to Rs 3120 Cr
Signature Global, a leading real estate developer in India, has reported a significant jump in sales bookings for the April-June quarter, driven by high demand for its housing projects.
MahaRERA Upgrades to MahaCRITI: A New Era in Real Estate Regulation
MahaRERA's current website will be offline on August 30-31 for a major upgrade, introducing a new platform called 'MahaCRITI' on September 1.
The Luxury Housing Market in India: A Sustainable Growth Story?
The luxury residential market in India has experienced substantial growth over the past three years, driven by rapid urbanisation, increasing disposable incomes, and changing lifestyle aspirations.
Why ₹2 Crore Properties are Most Preferred in Mumbai's Real Estate Market?
This price range is highly attractive for both first-time buyers and those looking to upgrade, making it the most sought-after segment in Mumbai, the costliest residential market in India.
Madhya Pradesh to Launch Online Property Registration by Next Year
Madhya Pradesh is set to introduce online property registration services, making the process more convenient and accessible for residents and buyers.
Only 70 Lakh Women Among 7.1 Crore Workers in Indian Real Estate: Report
A recent report highlights the stark gender disparity in the Indian real estate sector, where women make up just a fraction of the workforce. This article delves into the details of the report and explores the challenges and opportunities for gender equal