Family offices diversifying their portfolios, accessing global opportunities: PwC India report

A recent PwC India report reveals that family offices in India are evolving from traditional wealth preservation units to dynamic, impactful investors. With over 300 family offices now active, up from 45 in 2018, these entities are diversifying into startups, fintech, and global opportunities. The report highlights five key trends: the shift to holistic service providers, the focus on startup investments, the adoption of new technologies, global diversification, and responsible investing. Falguni Shah and Jayant Kumaar from PwC India emphasize that family offices are crucial to India’s financial ecosystem, facing challenges like trust-building, succession planning, and risk management while aiming for sustainable growth and societal impact.