Indian bizmen to transfer $128 billion to the next generation, says Karvy

India will witness one of the largest transfers of wealth worth $128 billion from one generation to next in the coming decade, said financial services firm Karvy in its Private Wealth report on Family Office.

The wealth was built by a group of intrepid founders, entrepreneurs and business owners over the last 30 to 40 years which will be inherited by the next generation.

“India’s unprecedented economic growth and the continuing boom in its capital markets have swelled the ranks of the super-rich and they now need the relevant expertise to ensure their wealth lasts for generations to come,” says the report.


According to the Global Wealth Report 2016 by Credit Sussie, family offices today manage $3 trillion, which is almost 20% of India’s wealth.

“Family offices bring together teams of legal, financial, investment and administrative experts to provide a wide bouquet of services to ultra HNIs. These services cover two broad areas – managing the corpus and wealth of families and setting up structures and processes for smooth transfer of wealth through generations,” the Karvy report adds.