India's Ultra-High Net Worth Individual Count Projected to Reach 25,000 by 2031
· Business · Business Standard
India currently hosts 19,000 Ultra-High Net Worth Individuals (UHNIs), with that figure expected to climb to 25,000 by 2031. This growth is driving a significant expansion in the family office sector, as wealthy families increasingly seek professional management for their private wealth. Family offices are evolving from simple investment vehicles into complex entities handling succession planning, philanthropy, and tax structuring. The rise in the number of UHNIs is largely attributed to the country's robust economic growth and the creation of new wealth across various sectors. Industry experts note that this trend marks a shift in how Indian business families manage their long-term financial legacies.
Why it matters
The surge in family offices signals a maturing wealth management landscape in India, providing new opportunities for financial services firms and professional advisors to manage large-scale private capital.
Read the original report — Business Standard
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