India may see $1.5 tn family wealth shift in 10 years

India is entering a major intergenerational wealth transfer, with an estimated $1.3 trillion to $1.5 trillion expected to change hands over the next decade, according to a report by Julius Baer and EY. The Economic Times and The Times of India both report that this shift is creating a larger pool of family-office and alternative investment capital, as family wealth becomes increasingly institutionalized.

Family offices are moving away from founder-centric decision-making toward formal governance structures, hiring chief investment officers, finance executives and risk managers. The Times of India notes that assets managed by mid-sized and large family offices could rise by about 50% to around Rs 1.05 lakh crore by 2027, from an estimated Rs 70,000 crore in 2024.

The number of Indian family offices has risen from about 45 in 2018 to nearly 300 in 2024-25. India has more than 19,000 people with assets above $30 million, a figure projected to exceed 25,000 by 2031. The report says alternative investments, including private equity, venture capital and private credit, are attracting growing allocations from these offices.