Top 10 Family Offices in India: 2026 Guide

India's single-family offices grew from about 45 in 2018 to more than 300 by 2024, managing an estimated $30 billion combined (Source: IBEF, September 2024; EY-Julius Baer, June 2025). The defining story of 2026 is not how many exist, but how hard it has become for them to invest abroad.

GIFT City's Family Investment Fund (FIF) regime was built to give Indian families a regulated route to global capital, yet through April 2026 the first full FIF licence went to a foreign, UK-linked structure, while applications tied to major Indian families remained stalled over capital-outflow concerns (Source: Moneycontrol, 20 April 2026; VCCircle/Reuters, 20 April 2026). For fund managers, that gap between appetite and access is the whole opportunity.

This guide profiles 10 of India's most notable single-family offices, what they invest in, and how to actually reach them.

Quick Answer

India's most prominent single-family offices include The Narotam Sekhsaria Family Office, Premji Invest (Azim Premji), and Catamaran Ventures (Narayana Murthy). Most invest directly into companies rather than through external funds, and 57% of Indian family offices allocate less than 10% to private equity or venture capital (Source: EY-Julius Baer, June 2025). The clearest route in for foreign managers runs through families with offshore offices in Singapore, Dubai, or the UK, or those already using GIFT City and AIF structures. Dakota Marketplace tracks 47 family office accounts in India with 66 verified contacts.

Why India, Why Now

Three forces are reshaping the market at once. Wealth creation is the first: India's population worth $30 million or more rose roughly 63% between 2021 and 2026, from just over 12,000 to nearly 20,000 (Source: Knight Frank, April 2026). Julius Baer counts around 13,000 ultra-high-net-worth families today, projected to reach 19,000 by 2028 (Source: Julius Baer, June 2025).

The second is succession. Julius Baer estimates a $1.3 trillion intergenerational wealth transfer in India over the next decade, which is pushing families to formalise governance and investment processes (Source: Julius Baer, June 2025).

The third is the slow internationalisation of Indian capital. Outbound flows under the Liberalised Remittance Scheme rose from $18.8 billion in 2019-20 to $31.7 billion in 2023-24 (Source: EY-Julius Baer, June 2025). Families want global exposure. The structures to deliver it at scale are still catching up, which is the friction described throughout this guide.

The 10 below are ordered by relevance to fund managers, leading with offices that allocate to external funds, followed by the large direct investors. They are not ranked by size.

The 10 Family Offices

1. The Narotam Sekhsaria Family Office

Mumbai

Formed in 2006 to manage wealth generated by Narotam Sekhsaria, the industrialist who founded Ambuja Cements (Source: Altss, n.d.; NSFO website, n.d.). It is one of India's older single-family offices and runs a dedicated private equity investment team.

Investment focus: Public markets, commodities, private equity, and real estate, with a stated preference for long-term partnerships in companies with strong leadership teams (Source: NSFO website, n.d.).

Recent activity: Participated in Pilgrim's INR 200 crore round in March 2025 alongside Vertex Ventures SEA and others, and backed Garuda Aerospace's Series B drone-manufacturing tranche in June 2025 (Source: Entrepreneur India, 18 March 2025; YourStory, 11 June 2025).

Global angle: Maintains a London address, though no GIFT City vehicle is publicly documented (Source: NSFO website, n.d.).

2. Raay Global Investments

Mumbai

The single-family office of Amit Patni, a promoter shareholder of Patni Computers (Source: Raay Investments, n.d.). Raay invests both directly and alongside selected partners, backing the same opportunities it advises the family into.

Investment focus: Capital preservation across equity, mutual funds, unlisted equity, startups, and new ventures (Source: Raay Investments, n.d.).

Recent activity: Participated in Bombay Shaving Company's INR 136 crore round led by Sixth Sense Ventures in November 2025, and launched Raay Neo Pharma, a branded-generics venture, in 2026 (Source: Economic Times, 12 November 2025; Moneycontrol, 6 May 2026).

3. Pratithi Investments

Bengaluru

The family office of Infosys co-founder Kris Gopalakrishnan, administered through Prayog Advisors and managing the Pratithi Investment Fund, a SEBI Category II AIF (Source: Pratithi website, 2024). AUM is reported above $500 million (Source: Inc42, 16 April 2026).

Invests via: Both direct investments and external funds. Pratithi has committed to venture and private equity funds across stages and backed more than 100 startups since 2015 (Source: Pratithi website, 2024).

Investment focus: Sector-agnostic, weighted toward late-stage debt and equity, with a mission to support entrepreneurship and scientific research in India (Source: Pratithi website, 2024).

Recent activity: Backed Myelin Foundry's $4 million Series A-II in 2024; counted MobiKwik's December 2024 IPO as a portfolio exit (Source: Economic Times, 8 May 2024; Inc42, 16 April 2026).

4. Raintree Family Office

Mumbai

Founded by Leena Dandekar, formerly of the Camlin Group, Raintree runs two distinct pools of capital: a for-profit portfolio and a philanthropic arm, the Raintree Foundation (Source: Raintree website, n.d.).

Investment focus: ESG-conscious alternative assets, impact investments, and public-market equities, with an emphasis on ventures addressing environmental and climate issues (Source: Raintree website, n.d.).

Recent activity: The Raintree Foundation announced plans in 2025 to list a clean-energy project on India's Social Stock Exchange (Source: CSR Universe, 27 October 2025).

Global angle: Has described climate impact as a global theme and said it looks across regions for scalable solutions (Source: Impact Investors Council, October 2023).

5. Murugappa Family Office

Chennai

The Murugappa family's wealth originates from the Murugappa Group, a 125-year-old conglomerate spanning agriculture, engineering, and financial services (Source: Murugappa Group, April 2026). Family deal activity now runs partly through MAVCO, a private deal-making vehicle.

Investment focus: Publicly documented activity concentrates in industrials, specialty chemicals, and renewable-energy manufacturing (Source: TPG, 26 March 2025; Murugappa Group, April 2026).

Recent activity: MAVCO and TPG Rise Climate partnered with Siemens Gamesa in 2025 to build an onshore wind supplier for India and Sri Lanka; MAVCO and Avenue Capital acquired specialty-chemicals firm hubergroup, completing in 2025 (Source: TPG, 26 March 2025; hubergroup, April 2025).

6. Anand Mahindra Family Office

Mumbai

Public activity maps largely to Mahindra Partners, the private equity and venture-capital arm of the Mahindra Group, rather than a separately disclosed personal vehicle (Source: Mahindra Partners website, n.d.). Commercial databases classify it as a Mumbai single-family office (Source: Preqin, 19 February 2025).

Invests via: Primarily direct equity through Mahindra Partners and related entities rather than disclosed commitments to external managers (Source: Mahindra Partners website, n.d.).

Investment focus: Evergreen, long-term holdings across healthcare, clean energy, industrials, consumer, and logistics (Source: Mahindra Partners website, n.d.).

Recent activity: ChrysCapital's INR 830 crore investment in Centre for Sight in 2024 created an exit for the Mahindra platform (Source: Centre for Sight, 14 May 2024).

7. Bharti Family Office

New Delhi

The family office of Sunil Bharti Mittal, founder of Bharti Enterprises (Source: Bharti Enterprises, n.d.). Its international arm, Bharti Global, owns Mauritius-based private-equity firm Indian Continent, giving the family a genuine cross-border investing capability that most peers lack.

Investment focus: Telecom, digital infrastructure, space communications, financial services, real estate, and hospitality (Source: Bharti Enterprises leadership, n.d.; AJ Bell, 22 November 2024).

Recent activity: Bharti Global agreed in 2024 to acquire a 24.5% stake in BT Group from Altice UK; Indian Continent increased the family's Airtel Africa holding the same year (Source: Bharti Enterprises, 12 August 2024; AJ Bell, 22 November 2024).

Global angle: Substantial, through the BT and Airtel Africa positions, though no GIFT City vehicle is documented (Source: Bharti Enterprises, 12 August 2024).

8. Entrust Family Office

Bengaluru

A clarification matters here. Entrust is an advisory-led multi-family office, not a single-family office, founded in 2013 and led by Rajmohan Krishnan (Source: YourStory, 17 March 2025). It is included because of its scale and reach: AUM is reported above INR 18,000 crore in 2026 (Source: Fortune India, 9 March 2026). For fund managers, Entrust is a gateway to multiple client families rather than a single pool of capital.

Invests via: A fee-based advisory platform serving families with INR 50 crore to INR 2,000 crore, expanding into alternatives and international facilitation (Source: YourStory, 17 March 2025).

Recent activity: Expanded into Mumbai, Delhi, Pune, and Coimbatore in 2025, and added NRI and insurance services in 2026 (Source: YourStory, 17 March 2025; Fortune India, 9 March 2026).

9. Premji Invest

Bengaluru

The investment office of Wipro founder Azim Premji, established in 2006, managing $15 billion-plus in evergreen capital, the largest single-family pool in this guide (Source: Premji Invest, n.d.). This is a direct-first investor: foreign managers should approach it as a co-investor and deal partner, not a typical fund allocator.

Invests via: Predominantly direct, across more than 165 investments, with selective vehicle structures (Source: Premji Invest, n.d.).

Investment focus: Long-term private and public-market investing across technology, healthcare, consumer, financial services, and fintech, primarily in India and the United States (Source: Inc42, 16 April 2026).

Recent activity: PI Opportunities Fund II agreed to acquire about 19.26% of Home Credit India in 2024; participated in Akasa Air raises through 2025 alongside Claypond Capital and 360 ONE (Source: DT Next, 10 May 2024; Reuters, 6 February 2025).

Global angle: Received in-principle GIFT City approval in 2024 for a $200 million FIF to invest overseas, but final registration remained delayed into 2026 pending RBI clarity on capital outflows (Source: Reuters, 5 January 2024; Business Standard, 20 April 2026).

10. Catamaran Ventures

Bengaluru

The family office of Infosys co-founder N.R. Narayana Murthy, founded in 2010, managing over $1 billion (Source: Economic Times, June 2026). Another direct-first investor, though with more external-fund exposure than Premji Invest.

Invests via: Direct investments plus selective fund commitments, including a Kotak Pre-IPO Opportunities Fund position (Source: Inc42, 16 April 2026; Private Equity International, n.d.).

Investment focus: Venture and growth capital plus public equities. Murthy has said the office generated more than 22% returns from venture capital and 17-18% from public equities over the prior decade (Source: Economic Times, June 2026). The portfolio includes SpaceX, Udaan, and Acko (Source: Catamaran, May 2026).

Recent activity: Signalled caution on startup valuations in 2025 and a pivot toward manufacturing-oriented opportunities (Source: Bloomberg, 26 August 2025).

Global angle: Holds a Boston office and a SpaceX position; like Premji Invest, its GIFT City FIF registration was not finalised on the public record reviewed (Source: Business Standard, 20 April 2026).

How Indian Family Offices Allocate

Listed equities and real estate still anchor most portfolios. Indian ultra-high-net-worth investors hold roughly 32% in equities and 29% in real estate, with alternatives at about 18-20% (Source: Kotak Private, 8 May 2025). Within private markets the pattern is barbell-shaped: 57% of family offices allocate less than 10% to PE and VC, while a smaller, more risk-tolerant group exceeds 20% (Source: EY-Julius Baer, June 2025). Private credit is named as an emerging theme but not yet quantified in India-specific terms (Source: EY-Julius Baer, June 2025).

How to Approach Indian Family Offices

For foreign managers, India is a real but difficult-to-map segment, and the public evidence is honest about its own limits: appetite for global and alternative assets is rising, but disclosed commitments by Indian single-family offices to named foreign fund managers remain thin (Source: VCCircle/Reuters, April 2026; EY-Julius Baer, June 2025). Treat the following as the realistic access points rather than guarantees.

The most promising prospects are families with offshore family offices in Singapore, Dubai, Mauritius, Switzerland, or the UK; families with next-generation members based abroad; Indian offices already operating AIF or GIFT City structures; and families publicly tied to US or global private-market exposure, such as Bharti, Premji Invest, and Catamaran (Source: VCCircle/Reuters, April 2026). For purely resident Indian capital, expect smaller tickets constrained by the $250,000 per-person annual LRS limit, unless the family has an offshore pool or a qualifying entity route (Source: RBI LRS FAQ, April 2023; PwC, May 2024).

On process, families increasingly run structured investment frameworks, written policy statements, and formal diligence (Source: EY Family Offices Advisory Services Newsletter, February 2026). On objections, the recurring reasons managers get declined are perceived high risk, concern about hidden costs, and a preference for advice from sources without product-push incentives (Source: Trica Capital, n.d.; Cervin Family Office, May 2026). The practical takeaway: lead with alignment and transparency on fees, and recognise that for most of these families a fund commitment is still a smaller part of the portfolio than direct deals.

The GIFT City Question

GIFT City's Family Investment Fund regime lets a single family pool capital in a regulated IFSC vehicle and invest in IFSC, Indian, or foreign assets, with a minimum corpus of $10 million within three years (Source: PwC, May 2024; IFSCA Fund Management Regulations, 2025). On paper it solves the offshore-access problem. In practice, resident-Indian adoption stalled through 2026 over uncertainty about how remittances are classified and broader capital-flight concerns, and the first full FIF licence went to a foreign UK-linked structure in April 2026 (Source: Moneycontrol, 20 April 2026; Business Standard, 20 April 2026). For managers, GIFT City is a signal of direction, not yet a reliable channel for resident Indian family capital.

Frequently Asked Questions

Who are the largest family offices in India? By publicly reported assets, Premji Invest (Azim Premji) is the largest single-family pool at $15 billion-plus, followed by Catamaran Ventures (Narayana Murthy) at over $1 billion (Source: Premji Invest, n.d.; Economic Times, June 2026). Most Indian family offices do not disclose AUM, so a precise ranking is not possible.

Do Indian family offices invest in foreign fund managers? Appetite for global assets is rising, but disclosed commitments by resident Indian single-family offices to named foreign funds remain thin in public records (Source: VCCircle/Reuters, April 2026). The strongest prospects are families with offshore offices or existing GIFT City and AIF structures.

How much do Indian family offices allocate to private equity and venture capital? 57% of Indian family offices allocate less than 10% to PE and VC, though a smaller group exceeds 20% (Source: EY-Julius Baer, June 2025). Alternatives overall sit around 18-20% of ultra-high-net-worth wealth (Source: Kotak Private, May 2025).

What is a GIFT City Family Investment Fund? It is a regulated single-family investment vehicle in India's IFSC at GIFT City, allowing a family to pool capital and invest in Indian and foreign assets, subject to a $10 million minimum corpus within three years (Source: PwC, May 2024; IFSCA, 2025). Resident-Indian adoption has been slowed by regulatory uncertainty through 2026.

How do fund managers reach Indian family offices? Most introductions run through private banks, peer networks, and advisers, and families increasingly use formal diligence processes (Source: EY, February 2026). Managers should prioritise families with offshore structures and lead with fee transparency and alignment.

Find Indian Family Offices on Dakota Marketplace

Dakota Marketplace tracks 47 family office accounts across India with 66 verified contacts, from The Narotam Sekhsaria Family Office to Pratithi Investments and Bharti Family Office.

Our Marketplace lets you filter by:

• Geography, including India metro areas such as Mumbai, Bengaluru, and New Delhi
• Asset class focus, including private equity, venture capital, and real assets
• Investment team contacts with verified profiles
• Allocator type and investment preferences

If you are raising capital in India, knowing which families allocate to external funds, and which invest only directly, saves months of misdirected outreach.

Book a demo to see Dakota's India family office coverage.