The report found that since 2018, the number of family offices in India has grown from 45 to 300, reflecting the growing wealth of India’s diaspora.
Family offices are emerging as a major force in the global economy, controlling about US$5.9 trillion ($7.8 trillion) in assets under management (AUM), with the expanding Indian diaspora spearheading the growth of family offices worldwide, a report commissioned by DBS found.
The 6th edition of Global Indian Family Offices: Evolution of the Indian Diaspora, which delves into insights from 13 of the most successful entrepreneurs and philanthropists from the Indian diaspora, was released on Nov 5.
