India's family office wealth is expected to grow 1.5 times over the next three years as the country's ultra-rich shift their investment strategies, according to a report.

Wealthy families in India are moving their fortunes into advanced investment mechanisms, with family office assets projected to rise markedly over the coming three years. The report links this growth to rising wealth levels and innovative investment approaches.

Families are increasingly directing significant resources toward alternative assets and forward-looking industries. That shift tracks a broader global pattern: family offices worldwide are estimated to oversee several trillion dollars in assets and have become significant allocators to private markets. To optimize their operations, contemporary family offices are leveraging technology and adopting professional governance practices, the report notes.

What family offices do

A family office is a private organization established to manage the wealth and personal affairs of an affluent family. A single-family office serves one family, while a multi-family office serves several. Typical mandates span investment management, tax planning, estate and succession matters, and philanthropy, alongside day-to-day financial administration.

The move toward professional governance generally involves replacing informal, founder-led decision-making with dedicated investment teams, documented mandates, and structured oversight. The adoption of technology typically includes portfolio management systems, data analytics, and consolidated reporting tools that give family members visibility across their holdings.

Alternative assets, a category that generally covers private equity, venture capital, private debt, real estate, and hedge fund strategies, sit outside publicly traded equities and bonds.

The Indian context

India's ultra-high-net-worth population has expanded in recent years, a trend tracked consistently across global wealth reports, and family offices have proliferated alongside it as business promoters and startup founders accumulate substantial wealth. Many of these offices have also become visible backers of Indian startups and private companies, investing both directly and through funds, which extends their influence beyond the families themselves into the country's broader funding ecosystem.

Generational wealth transfer has also emerged as a recurring theme in Indian wealth management as first-generation entrepreneurs plan for succession. The report's three-year horizon overlaps with this ongoing succession wave, making the professionalization of these offices — dedicated teams, documented mandates, and structured oversight — a key theme to track as the projected expansion plays out.

The Economic Times page carrying the report is tagged under "Julius Baer report." Julius Baer is a Swiss private banking and wealth management group.

Source: Economic Times Markets, published August 20, 2026.