How Family Offices in India Are Using AIFs for Wealth Diversification

28 October 2025

Did you know that the first Indian formal family office was set up by the Bajaj family in the 1990s, recognized as “Rajshree Investments”? This marks the beginning of a quiet shift in India's financial landscape that is making new waves. The wealth scene has changed spectacularly over the last decade. The emergence of ultra–high-net-worth individuals (UHNIs) due to IPOs, startup expansions, and entrepreneurial growth has fueled the growth of family offices in India.

In the early 2000s, the concept of family offices was nascent, and in 2010, there were only 50 family offices. Now in 2025, every big giant has a family office investment arm, such as “Azim Premji’s Premji Invest,” backing 51 startups; similarly, “Burman Family Holdings” backs more than 80+ startups globally, and other popular family offices such as “Artha India Ventures” and “Anikarth Ventures”. Studies done by EY and PwC confirm that there are more than 300 family offices in India, resulting in a sixfold growth in family offices collectively managing $30bn in assets.

Family office	Fouder	Notable investments	Sector Focus	Asset Under Management
Premji Invest	Azim Premji	Flipkart, Lenskart,Cult.fit, DeHaat	Tech, D2C, Healthtech	$15 Bn
Catamaran Ventures	Naryana Murthy	Myntra, Bigbasket, Swiggy	E-commerce, Logistics	$1 Bn
Patni Financial Services	Arihant Patni​	Zomato, Policybazaar, OYO Rooms	Fintech, Consumer Tech	$350 Million
Sharrp Ventures	Harsh Mariwala	Atomberg, Bluestone, Noccarc	Conumer Electronics, D2C	$350 Mn
Unilazer Ventures	Ronnie Screwala	Blusmart Mobility, Atomberg, Rusk Media	Mobility, Consumer Electronics	$500 Mn
Artha India Ventures	Anirudh Damani	OYO Rooms, Coutloot, Fynd	E-commerce, SaaS	$147 Mn
Burman Family Office	Gaurav Burman	Easypolicy, HealthifyMe	Healthtech, Insurance	$500 Mn
Narotam Sekhsaria Family Office	Narotam Sekhsaria	Amagi, Quilt.AI	AI, SaaS	$1 Bn
Nadathur Family Office	Nadathur S. Raghwan	Amagi, Quilt.AI	AI, SaaS	$500 Mn
Sunil kant Munjal Family Office	Sunil Kant Munjal	Bluestone, Atomberg, Noccarc	Consumer Electronics, D2C	$500 Mn ​

Historically, the money invested in fixed deposits, real estate, or any fixed asset class ensures safety, but they will not be able to create long-term wealth building in today's globalised economy. The advent of family offices is a testament to an increased need for professionalised wealth management, strategic allocation, and intergenerational planning, investing in equity, venture funds, real estate, and hedge funds. In this progression, Alternative Investment Funds (AIFs) have taken a pivotal role in diversification strategies.

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