The rise of family offices in India

India is witnessing a sharp increase in the number of family offices, from just 45 in 2018 to nearly 300 in 2024. With approximately 13,000 UHNW families today, expected to grow to 19,000 by 2028, the segment is expanding rapidly. A projected USD 1.3 trillion in intergenerational wealth transfer over the next decade has further intensified the need for structured family office models in the country.

What the playbook reveals

Based on insights from Julius Baer and EY’s joint study, the playbook highlights evolving priorities, emerging investment patterns and generational shifts in wealth ownership. Some of the key findings from the playbook include:

A guide for the future

The playbook blends quantitative data, real-life case studies and advisory insights to offer a comprehensive view of the Indian family office ecosystem, from governance structures to philanthropic impact. 

As Umang Papneja, Market Head India Onshore, explains: “This is not just a report. It is a strategic handbook designed to support India’s UHNW families as they build enduring institutions that align purpose with performance.”

Download the full report below and explore how Julius Baer is helping families shape the next chapter of their wealth journey.