India is expected to have 26,000 high-net-worth families by 2030, reflecting the rapid expansion of the country’s wealth ecosystem and growing demand for professional family office services.
India’s wealth management landscape is set for significant expansion over the coming years, with the number of high-net-worth families projected to reach 26,000 by 2030, according to The Indian Family Offices Report 2026, released by The Economic Times and research firm 1Lattice.
The report highlights the rapid growth of India’s family office ecosystem, which has expanded to more than 300 entities managing assets worth over $30 billion. Family offices are specialized firms that manage investments, wealth planning, succession strategies and other financial affairs for affluent families.
Researchers noted that India now trails only the United States and China in the addition of ultra-high-net-worth individuals, reflecting the country’s growing concentration of wealth and increasing sophistication in wealth management practices.
The rise to 26,000 high-net-worth families by 2030 is expected to fuel demand for investment advisory services, estate planning, governance structures and alternative investment opportunities. The report suggests that affluent Indian families are increasingly adopting professional wealth management models as they seek to preserve and grow wealth across generations.
According to the study, the family office sector has evolved rapidly in recent years, driven by entrepreneurial wealth creation, expanding capital markets and the growing need for structured succession planning. The report notes that family offices are increasingly moving beyond traditional investment management to focus on legacy planning, philanthropy and long-term wealth preservation.
“Some of the large family offices have monetised some of the operating business, and those businesses are now being professionally managed,” said Rinkoo Somani, Group Chief Financial Officer at Dani Family Office. “These families are more focused on deploying the capital.”
Her remarks reflect a broader shift among wealthy Indian families toward professionalized wealth management and investment-focused family office structures.
The findings come amid broader growth in India’s affluent population, driving increased demand for professional family office services and structured wealth management.
The report concludes that the continued growth of India’s wealthy families is likely to strengthen the country’s position as a major market for private wealth management, investment advisory services and family office operations in the years ahead.
