With foreign capital drying up, the spotlight is now on Indian family offices to step up and invest more in the private sector
Traditionally focussed on managing real estate, equity and fixed-income portfolios, family offices in India have broadened their horizons to include alternative investments, particularly in startups
With an increasing number of startups taking the IPO route, Indian family offices have started to look at them more keenly
Over the past decade, the Indian startup ecosystem has undergone a remarkable transformation. With over $150 Bn in funding raised by 2024, India now stands as one of the most vibrant hubs for innovation and entrepreneurship globally.
However, while foreign venture capital (VC) firms and global investors dominated the early stages of this growth, a significant shift is underway. Domestic investors have started to take the reins of investments in the country, with Indian family offices leading the way.
This is happening at a time when the foreign direct investment (FDI) inflow is on a downward spiral. Notably, FDI into India fell more than 16% to $70.9 Bn (about INR 6 Lakh Cr) in FY24, from $84.8 Bn (about 7.2 Lakh Cr) in FY23. Unfortunately, the situation this fiscal does not seem very rosy.
With foreign capital drying up, the spotlight is now on Indian family offices to step up and invest more in the private sector. As vital sources of patient capital, their support is crucial for sustaining the startup ecosystem in these challenging times.
Traditionally focussed on managing real estate, equity and fixed-income portfolios, family offices in India have broadened their horizons to include alternative investments, particularly in startups.
The growing maturity of India’s startup ecosystem, coupled with the rise of IPO-bound ventures, is attracting family offices to startups as investment class.
The increasing interest and participation can also be attributed to factors like millennials and GenZ inheriting family wealth and finding new and interesting investment avenues.
But why is everyone looking at Indian family offices with hope? Well, the sheer reason is that, unlike VCs, they have the heart to invest for the long term, making them a treasure trove of patient capital. This makes them a perfect match for sectors like deeptech, cleantech and semiconductor where research and development take precedence and final products may take several years to disrupt market dynamics.
Besides, family offices come with a deep understanding of the Indian market, consumer behaviour, and regulatory landscape. This allows them to provide not just capital but also strategic guidance to startups.
For instance, Azim Premji’s Family Office PremjiInvest has backed about 51 startups. Among them are names like Mintifi, GIVA, Purplle and The Sleep Company, which today are well-established ventures. Similarly, Lido Learning, Lenskart, and Easypolicy emerge from the stable of Ronnie Screwvala’s family office, Unilazer Ventures.
While these are just two of the many examples paving the way for the success of new-age tech ventures in the world’s third-largest startup ecosystem, we have decided to compile a list of Indian family offices that are navigating the investment scene in these times of distress.
Editor’s Note: This is not a ranking of any kind; family offices are listed alphabetically. It is a dynamic tracker that will be updated periodically. For any queries, additions, or updates, reach out to us at editor@inc42.com. View our methodology and disclaimer here.
Name | Type | Headquarters | Owned/Managed By | Deal Count (Since 2014) | Notable Startups Backed |
1Digi | Single Family Office | Dubai | Raghu Subramanian | 4 | Actyv.Ai, Kneady Retail Technologies |
2M Companies | Single Family Office | Dallas | Morton H. Meyerson | 2 | Nxcar, Wyl Cards |
6G Capital | Single Family Office | Mumbai | The Allana Group | 2 | Chatfood, Aquaconnect |
Aakash Emprise | Single Family Office | Delhi NCR | Aakash Choudhary | 8 | Simplilearn, Bombay Shaving |
Aarin Capital | Multi Family Office | Bengaluru | Mohandas Pai | 26 | 88Academics, Magic Crate, Faircent |
ACP Partners Family Office | Single Family Office | Bengaluru | Alok Oberoi | 1 | Loconav |
Acuitas Capital | Multi Family Office | Mumbai | Dinesh Vaswani | 2 | Faraday Future, Ideanomics |
Aditya Vuchi’s Family Office | Single Family Office | Hyderabad | Aditya Vuchi | 1 | Exoticamp |
Ajax Capital | Single Family Office | Delhi NCR | Ajay Gupta | 2 | Your-Space, Jumbotail |
Al Falaj Investment | Single Family Office | Abu Dhabi | Hamdan Al-Ketbi | 1 | Maxwholesale |
Alchemie Ventures | Single Family Office | Mumbai | Chandrakant Gogri | 1 | Prozeal Infra |
Almoayed Ventures | Single Family Office | Manama | Talal Almoayed | 2 | Bizztm, Zoko |
Alpha Capital Family Office | Single Family Office | Delhi NCR | Jeff Shipley | 5 |
Raiinmaker, Kuros Biosciences, Diagnostic Robotics, Nanofabrica
|
Alto Partners Multi Family Office | Multi Family Office | Singapore | Jim Quismorio | 10 | Jackett, Vouch, Gajigesa |
Amaya Ventures | Single Family Office | Singapore | Amit Khanna, Diya K and Ameera K | 21 | Lxme, Hono, Leverage Edu |
Amitabh Bachchan Family Office | Single Family Office | Mumbai | Amitabh Bachchan | 6 | Swiggy, Macmerise |
Anand Mahindra’s Family Office | Single Family Office | Mumbai | Mahindra Family | 1 | Ahaguru |
Ananth Narayanan Family Office | Single Family Office | Bengaluru | Ananth Narayanan | 8 | Elda Health |
Anikarth Ventures | Single Family Office | Kanpur | Dr. Aarti Gupta | 29 | GenWise, GetePay, Clensta |
Apar Industries Family Offices | Single Family Office | Mumbai | Chaitanya Desai | 1 | Sublime Life |
Aroa Ventures | Single Family Office | Delhi NCR | Ritesh Agarwal, Gaurav Gulati | 11 | Unacademy, Miko, Freight Tiger, Easy Eat |
Arora Family Holdings | Single Family Office | Delhi NCR | Surinder Arora | 1 | Adrak |
Artha Impact | Single Family Office | Zurich | Audrey Selian | 8 | Leap Skills, Biosense, Farm Folks Agro |
Artha India Ventures | Single Family Office | Mumbai | Ashok Kumar Damani, Mr. Ramesh M. Damani, Anirudh A Damani | 102 | Galaxeye, Purplle, Rapido |
Ashok Goel Family Office | Single Family Office | Mumbai | Ashok Goel | 2 |
Renovel Innovations, Shrotra Enterprises Private Limited
|
Ashok Wadhwa Family Office | Single Family Office | Mumbai | Ashok Wadhwa | 3 | Grayquest, Hbits |
Asit Koticha Family Office | Single Family Office | Mumbai | Asit Koticha | 1 | Biguine India |
Auxano Ventures | Single Family Office | Spring (Texas) | Stephen Thomas, Ed Thomas | 1 | I2E1 |
Ayon Capital | Single Family Office | Florida | Pawan Shah | 1 | Veera, Tuesday Morning, Vested Finance |
B2V Ventures | Single Family Office | Mumbai | Bl Taparia | 17 | Cultfit, Miko, Squarefoods |
Baksh Capital | Single Family Office | Singapore | Birbal Singh Bajaj | 1 | Growfitter |
Bardia Family Office | Single Family Office | Delhi NCR | Arihant Bardia | 1 | Healers At Home |
Berggruen Holdings | Single Family Office | New York | Nicolas Berggruen | 3 | Ezetap, Gemini Equipment And Rentals |
Bhagchandka Family Fund | Single Family Office | Mumbai | Harshvardhan Bhagchandka, Raghav Bhagchandka, And Anirudh Bhagchandka | 1 | Atlan |
Biren Parekh Family Office | Single Family Office | Mumbai | Biren Parekh | 1 | Playns Technologies |
Black Kite Capital | Single Family Office | Singapore | Paul Paget | 1 | Thegamingproject |
Blue Edge Multi-Family Investment Office | Multi Family Office | Delhi NCR | Sanchita Mukherji | 1 | Batx Energies |
Bodley Group | Single Family Office | St Louis | Ted Albrecht | 1 | Shortlist |
Boillet Family Office | Single Family Office | Bengaluru | Etienne Boillot | 1 | Simpl |
Bollinger Investment Group | Single Family Office | Grapevine | John Bollinger | 1 | Defidollar |
Burman Family Holdings | Single Family Office | Delhi NCR | Burman Family | 9 |
Isprava, Centricity, Melorra, Quickwork, Reliable Records
|
BVC Ventures Family Office | Single Family Office | Mumbai | Bhavik Chinai | 4 | Aznog Technologies Limited, Lawrato.Com, |
Campden Hill Capital | Single Family Office | London | Bir Kathuria | 1 | Heads Up For Tails |
Catamaran | Multi Family Office | Bengaluru | N.R.Narayana Murthy | 30 | Innoviti, Udaan, Aequs, Acko |
Ceniarth | Single Family Office | San Francisco | Diane Isenberg | 2 | Kheyti |
Chhatisgarh Investments | Single Family Office | Raipur | Kamal Kishore Sarda | 14 | Escrowpay, Vaibhav Jewellers |
Chiripal Group | Single Family Office | Ahemdabad | Ved Prakash Chiripal, Jyotiprasad Chiripalal | 2 | Grew Energy, Shanti Developers |
Chokhani Family Office | Single Family Office | Mumbai | Krishna Chokhani | 1 | Vphrase |
Chona Family Office | Single Family Office | Mumbai | Ankit Chona | 9 |
Neuron Energy, Hocco, Gramophone, Mokobara
|
Chugh Family Office | Single Family Office | Delhi NCR | Navneet S. Chugh | 1 | Sprytelabs |
CK Jaipuria Family Office | Single Family Office | Delhi NCR | the Jaipuria family | 8 | Explurger, Redcliffe Labs, Leap |
Claypond Capital | Single Family Office | Bengaluru | Ranjan Pai | 3 |
Easy Home Finance, Healthifyme, GrayQuest
|
Conscience Multi Family Office | Multi Family Office | Chennai | Ronak Shah, Vignesh Sundararaman | 4 | Vipragen Biosciences, Chai Waale |
Credence Family Office | Multi Family Office | Bengaluru | Mitesh Shah, Ajay Sampath, Nitesh Arora | 7 |
Innov8 Coworking, 3Ev Industries, Stockal, Social Swag India
|
Culture Cap | Single Family Office | Faridabad | Peyush Bansal | 27 | Traqcheck |
Das & Co. | Single Family Office | New York | Lt. Eshwar S. Purandar Das | 3 | Shiprocket, Games24X7 |
Desai Family Office | Single Family Office | Ahmedabad | Mayur Desai | 4 | Simple Energy, Bullspree, Kristal.Ai |
DH Venture Holdings | Single Family Office | Singapore | Asish Dash | 3 |
Trip Ka Baap, Grazing Minds, Pots And Plates
|
DIG Investment | Single Family Office | Östermalm | Nicolas Georges Trad | 1 | Ola |
Dinesh Hinduja Family Office | Single Family Office | Mumbai | Jai Rupani | 1 | Axio |
DLF Family Office | Multi Family Office | Delhi NCR | Kushal Pal Singh | 4 | Rapipay, Nownow, Zapkey, Zerund |
Double Peak Group | Single Family Office | Hong Kong | Galen Law-Kun | 1 | NodeOps |
Dr. Kulin Kothari Family Office | Single Family Office | Mumbai | Kothari Family | 1 | Setu Nutrition |
Eragon Family Office | Single Family Office | Mumbai | Sharan Asher | 7 | Dozee, Veeda Clinical Research, I2Pure |
Esas Ventures | Single Family Office | Istanbul | Fethi Sabancı Kamışlı | 1 | Procol |
Euclidean Capital Family Office | Single Family Office | New York | James Simon | 1 | Neo Asset Management |
Everblue Management | Single Family Office | New York | Eric Mindich | 1 | Rapido |
Falguni And Sanjay Nayar Family Office | Single Family Office | Mumbai | Falguni And Sanjay Nayar | 3 | Innovist, Flexiloans |
Family Office Of Jaipurias | Single Family Office | Delhi NCR | The Jaipuria Family | 1 | Fitspire |
Figure 8 Investments | Single Family Office | Boulder | Lisa Leff Cooper | 1 | Bitclass |
Gala Family Office | Single Family Office | Bengaluru | Krimesh Gala | 1 | Devx |
Godrej Family Office | Single Family Office | Mumbai | Godrej Family | 5 |
Wonderchef Home Appliances, Isprava, Zunroof, Marengo Asia Healthcare
|
Green Capital Single Family Office | Single Family Office | Delhi NCR | Nitin Shakdher | 2 |
Kaynes Technology India Limited, Syrma Sgs Technology Limited
|
GSK Velu’S Family Office | Single Family Office | Chennai | Gsk Velu | 2 | Neuberg Diagnostics |
Haldiram’s Family Office | Single Family Office | Delhi NCR | Agarwal Family | 6 |
Getvantage, Healofy, Autobrix, Batx Energies, Zippee
|
Haran Family Office | Single Family Office | Bengaluru | Shekha Haran | 1 | Simple Energy |
Hedgewood | Single Family Office | Toronto | Jesse Rasch | 1 | Jumbotail |
Heron Rock Fund | Multi Family Office | Ottawa | Tom Williams | 3 | Jumbotail |
Hersh Family Office | Single Family Office | Dallas | Kenneth A. Hersh | 1 | Maestro |
Hira Group Family Office | Single Family Office | Raipur | Harish Shah. | 1 | Purple Style Labs |
House Of Anita Dongre Family Office | Single Family Office | Delhi NCR | Anita Dongre | 2 | Altigreen, Social Quotient |
Hunch Ventures | Single Family Office | Delhi NCR | Karanpal Singh | 10 |
Dolomite Restaurants, The Circle, Myhealthcare, Oceanaire Yachting, Teamonk
|
Iconiq Capital | Multi Family Office | San Francisco | Divesh Makan, Michael Anders, Chad Boeding and Will Griffith | 2 | Flipkart, Zetwerk |
ICS Family Office | Single Family Office | Dubai | Riath Hamed | 1 | Samosa Party Foods |
Imaginal Seeds | Single Family Office | Singapore | Soeren Petersen | 1 | Omnivore |
Innovations Family Office | Single Family Office | Bengaluru | S.D. Shibulal | 7 | The Samitha Academy, Advaith Foundation |
Inoventures | Single Family Office | Mumbai | Manish And Richa Choksi | 1 | All Things Baby |
Inovnis SA | Single Family Office | Geneva | Daniel Wasserfallen | 1 | Revidd |
Irani Family Office | Single Family Office | Mumbai | Boman Rustom Irani | 1 | Cambrian Bioworks |
J. Hunt Holdings | Single Family Office | Austin | James Hunt | 1 | Lkc |
J&A Partners | Single Family Office | Delhi NCR | Ahmed O. | 3 | Oyo, Dozee |
Jakson Group Family Office | Single Family Office | Delhi NCR | Sameer Gupta | 1 | Jakson Green |
Jalaj Dani Family Office | Single Family Office | Mumbai | Jalaj Dani | 2 | Wickedgud, Skillmatics |
Jeejeebhoy Family Office | Single Family Office | Mumbai | the Jeejeebhoy family | 3 | Dubpro.Ai, Tradingleagues, Grayquest |
JJ Family Office | Single Family Office | Mumbai | JJ Family | 2 | Zouk |
KA Enterprises | Single Family Office | Mumbai | Prakash Padukone | 6 |
Blue Tokai Coffee Roasters, Frontrow, Atomberg Technology
|
Kairos Capital Group | Multi Family Office | Singapore | Sam Chidoka | 1 | Logx |
Kanoria Family Office | Single Family Office | Kolkata | Hemant Kanoria | 1 | Nysha Mobility |
Kantamaneni Family Office | Single Family Office | Hyderabad | Gopal Krishnan | 3 | Ohlocal, Workruit, Recordent |
KCK | Single Family Office | New York | Nael Kassar | 1 | Cars24 |
KG Investments | Single Family Office | Scottsdale | Ike Kier | 1 | Flipkart |
Kinnteisto | Single Family Office | Mumbai | Lt. Rakesh Jhunjhunwala | 2 | Nazara Technolgies, Fullife |
Kohli Ventures | Single Family Office | London | Tej Kohli | 1 | Zynergy Projects & Services |
Kolte Patil Family Office | Single Family Office | Pune | Rajesh Patil, Naresh Patil, Milind Kolte | 2 | Infinitybox, Beco |
Korys | Single Family Office | Halle | Hari Subramanian | 1 | Sahyadri Farms |
KPB Family Trust | Single Family Office | Bengaluru | KP Balaraj | 1 | Tradingleagues |
Lahari Music Family Office | Single Family Office | Bengaluru | Manohar Naidu | 2 | Happn, Whatsloan |
Lionrock Capital | Single Family Office | Singapore | Srihari Kumar | 13 | Agnikul, Hopscotch, Flickstree, Bigbasket |
MABS | Single Family Office | Ahemdabad | Nimish Sanghvi, Hemang Sanghvi, Ketan Sanghvi, Divyang Sanghvi | 13 | Nirmalaya, The Healthy Company |
Madhu Kela Family Office | Single Family Office | Mumbai | Madhusudan Kela | 2 | Spicejet Limited, Servify |
Madhuram Papers | Single Family Office | Delhi NCR | Pawan Bhatia | 2 | Proxgy, Scrapuncle |
Maelstrom Family Office | Single Family Office | Hong Kong | Arthur Hayes | 1 | Stan |
Mafatlal Family Office | Single Family Office | Mumbai | Hrishikesh Mafatlal | 2 | Nftically, Avenue Growth |
Mahansaria Family Office | Single Family Office | Mumbai | Ashok Mahansaria, Yogesh Mahansaria | 12 |
Insurancedekho, Flexiloans, Grayquest, Just Deliveries(Jd)
|
Makan Family Trust | Single Family Office | San Francisco | Divesh Makan | 2 | Cult.fit, Chingari |
Man Capital | Single Family Office | London | Mohamed Mansour | 7 | Freightmango, Collegedekho |
Mankekar Family Office | Single Family Office | Mumbai | Shivanand Shankar Mankekar And His Wife | 9 |
The Good Glamm Group, Onesource, Myglamm, Toothsi, Jiraaf
|
Mankind Group Family Office | Single Family Office | Delhi NCR | Ramesh and Rajeev Juneja | 7 | Zepto, Batx Energies, Unscript.Ai, D’Chica |
Marwah Group Of Family Office | Single Family Office | Mumbai | Nitin Marwah | 10 | Parkmate, Clensta |
Mayur Gupta Family Office | Single Family Office | Miami | Mayur Gupta | 1 | 7Prosper |
Meeran Family Trust | Single Family Office | Kochi | Navas Meeran | 1 | Shipnext |
Mehta Ventures | Single Family Office | California | Sanjay Mehta, Hershel Mehta, Vatsal Kanakiya | 56 |
Coindcx, Oobli, Krave Mart, Workclout, Toybox Labs
|
MEMG Family Office | Single Family Office | Bengaluru | Ranjan Pai | 7 | Pharmeasy, Brij Hotels, Kites Senior Care |
Midas Capital | Single Family Office | Delhi NCR | Ashish Baheti, Sarika Baheti | 1 | Sova Health |
Mirabilis Investment Trust | Single Family Office | Bengaluru | K Dinesh | 7 |
Pilgrim, Intrcity, Railyatri, The Baker’S Dozen
|
Mithun Sacheti Family Office | Single Family Office | Chennai | Mithun Sacheti | 6 | Nazara, Arrivae, Ippo Pay |
MMG Group Family Office | Multi Family Office | Delhi NCR | Sanjeev Agarwal | 1 | Centricity |
MN Family Office | Single Family Office | Delhi NCR | Munmun Halder | 1 | Zepto |
Mousse Partners | Single Family Office | New York | Charles Heilbronn | 2 | Epigamia, Bankbazaar.Com |
MS Dhoni Family Office | Single Family Office | Bengaluru | MS Dhoni | 2 | Centricity |
MVK Group Holdings | Multi Family Office | London | Manish Karani | 2 | Instrucko |
Mylktree Family Office | Single Family Office | Hyderabad | Swapna Reddy Dodla | 1 | Hoovu Fresh |
Nadathur Family Office | Single Family Office | Bengaluru | Nadathur S Raghavan | 7 | Amagi, Quilt.Ai |
Nahar Om Family Co-Op Office | Single Family Office | Delhi NCR | Poonam Kaushal And Pranav Nahar | 1 | Cleardekho |
Nanavati Family Office | Single Family Office | San Francisco | Shriyakumar Hasmukhbhai Sheth | 3 | Zypp Electric, Pi Beam, Fyn |
Narotam Sekhsaria Family Office | Single Family Office | Mumbai | Narotam Sekhsaria | 5 | Upgrad, Sid’S Farm, Pilgrim |
Navus Ventures | Single Family Office | Maassluis | Eduard Meijer, Alexander Van Der Lely, And Joop Ham | 3 | Mooofarm |
Niraj Bajaj Family Office | Single Family Office | Mumbai | Minal Bajaj, Niral Bajaj | 1 | Fynd |
Nrups Consultants LLP | Multi Family Office | Ahmedabad | Nrupesh C. Shah | 4 | Symphony, Kalorex, Info Beans |
Oak Grove Ventures | Single Family Office | Singapore | Sally Wang | 1 | Nodeops |
Oberoi Family Office | Single Family Office | Mumbai | Vivek Oberoi | 1 | Traqcheck |
Office Of Harry Banga And Yogesh Mahansaria | Single Family Office | Mumbai | Harry Banga And Yogesh Mahansaria | 1 | Flexiloans |
Oxshott Capital Partners | Single Family Office | Washington | Yosef And Meir Stern | 1 | Byju’S |
Pahwa Family Office | Single Family Office | Delhi NCR | Vivek Pahwa | 1 | Nysha Mobility |
Paipal Ventures | Single Family Office | Mysore | Ajith Pai | 21 | Redesyn, Tracex Technologies, Kahanibox |
Patni Family Office | Single Family Office | Mumbai | Amit Patni | 14 | The Yarn bazar, Innoviti, BizzTM |
Pawan Munjal Family Trust | Single Family Office | Delhi NCR | Dr Pawan Munjal | 6 |
Freight Tiger, Rapido, Ola Electric, Exponent Energy
|
Peugeot Family Office | Single Family Office | Paris | Robert Peugeot | 1 | Livspace |
Pico Capital | Single Family Office | Mumbai | Ajay Bhartiya | 9 |
Vroom, Spotinst, Autoleadstar, Gloat, Tastewise, Chargeafter, Sepio Systems, Niio
|
Polaris Family Office | Single Family Office | Chennai | Mark Ghatan | 1 | Kandee Factory |
Prasid Uno Family Office | Single Family Office | Mumbai | Tushar Kumar | 1 | Entero |
Pratithi Investment | Single Family Office | Bengaluru | The Kris Gopalakrishnan Family Office | 14 |
Bluestone, Myelin Foundry, Resorcio, People Tree Hospitals
|
PremjiInvest | Multi Family Office | Bengaluru | Azim Premji | 51 | Mintifi, Giva, Purplle, The Sleep Company |
Priwexus Family Office | Single Family Office | Mumbai | Aditya Gadge | 2 | Verelle Style, Tinker Village |
PS Pai & Family | Single Family Office | Mumbai | P Surendra Pai | 3 | Altum Credo |
Punj Sons Family Office | Single Family Office | Delhi NCR | Atul Punj | 1 | Airworks India Engineering |
QRG Investment & Holdings | Single Family Office | Delhi | Anil Rai Gupta | 11 |
NewSpace, Awfis Space Solution, Euler Motors
|
Raay Global Investments | Single Family Office | Pune | Amit Patni | 8 | Insurance Samadhan, Neuralgarage |
Raintree Family Office | Single Family Office | Pune | Leena Dandekar, Abha Dandekar And Vivek Dandekar | 5 |
Smart Joules, Proklean Technologies, Dunzo
|
Randev Ventures | Single Family Office | Dubai | Chandra Shekhar Randev | 16 | Abcoffee, Emo Energy, 50Fin, Breathe ESG |
Ravi Modi Family Office | Single Family Office | Kolkata | Modi Family | 1 | Radhamani |
Ravi Modi Family Trust | Single Family Office | Kolkata | Ravi Modi | 5 | The House Of Rare, Lenskart, Koo App |
Reddy Ventures | Single Family Office | Hyderabad | GV Sanjay Reddy, Pinky Reddy | 11 | Cred, Khatabook, Even, Hive, Chipper Cash |
Regis And Savoy Capital Privy | Single Family Office | Bengaluru | Anil Nahar | 1 | Dltledgers |
RMZ Family Office | Single Family Office | Bengaluru | Thirumal Govindraj | 1 | Cowrks |
RNT Associates | Single Family Office | Mumbai | Lt. Ratan Tata | 45 | Cardekho, Cult.fit, NestAway |
Ruttenberg Gordon Investments | Multi Family Office | New York | David Ruttenberg | 1 | Dukaan |
Saascorp Holdings | Multi Family Office | Mumbai | Apurva Shah, Sahil Shah | 27 | Booboo Games, Charge Zone, Incred |
Sachin Tendulkar Family Office | Single Family Office | Mumbai | Sachin Tendulkar | 12 | FirstCry |
Sagana | Single Family Office | Zurich | Raya Papp, Wolfgang Hafenmayer | 3 | Biosense, Varthana, Buddy4Study.Com |
Samvardhana Motherson Group Family Office | Single Family Office | Delhi NCR | Vivek Chaand Sehgal | 1 | Biel |
Sarcha Advisors | Single Family Office | Delhi NCR | Rohit Chanana | 30 | Newmi, Plutos One |
Saswat Ventures | Single Family Office | Kolkata | Bl Sharma | 1 | Talkesport |
Sattva Family Office | Single Family Office | Bengaluru | Bijay Agarwal | 4 | Credit Fair, Supplynote, O’ Be Cocktails |
Select Group Family Office | Single Family Office | Dubai | Rahail Aslam | 1 | Invest4Edu |
Sharrp Ventures | Single Family Office | Mumbai | Harsh Mariwala | 27 |
Purplle, Good Monk, Firstcry, Mcaffeine, The Ayurveda Experience
|
Shivanssh Holdings LLP | Single Family Office | Bengaluru | Vikas Poddar | 1 | Zlade |
Siddamsetty Family Office | Single Family Office | Hyderabad | Nitin Siddamsetty | 3 |
Blue Tokai Coffee Roasters, Melorra, And Zostel
|
Silverstrand Capital | Single Family Office | Singapore | Kelvin Chiu | 1 | Sea6 Energy |
Sincere Syndication | Multi Family Office | Chennai | Sivaramakrishnan | 2 | Fyn, Pi Beam |
SKG Family Office | Single Family Office | Delhi NCR | Sanjay Krishna Goyal | 2 | Burger Singh, Neeman |
Smiti Holding & Trading Co. | Single Family Office | Mumbai | Sohel Khuzem Shikari | 2 | Skillmatics, Smart Express |
Somani Family Office | Single Family Office | Delhi NCR | Aditya V Somani | 2 | Hiration, Collpoll |
Sood Infomatics | Single Family Office | Mumbai | Sonu Sood | 2 | Spice Money, Explurger |
Souter Investments | Single Family Office | Edinburgh | Sir Brian Souter | 1 | Sapphire Systems |
Spark Digital Capital | Single Family Office | New York | Paul Conway, Santo Politi, And Todd Dagres | 1 | Chainswap |
SPDG | Single Family Office | Brussels | Olivier Périer | 1 | Clove Dental |
Spectrum Impact | Single Family Office | Mumbai | Rehana Nathoo | 39 | Mooev Technolgies, Exposome |
SRF Family Office | Single Family Office | Delhi NCR | Arun Bharat Ram | 1 | Melorra |
Strides Pharma Family Office | Single Family Office | Bengaluru | Arun Kumar | 1 | Strides Pharma |
Subhkam Ventures | Single Family Office | Mumbai | Rakesh S Kathotia | 10 |
S-Ancial Global Solutions Private Limited, The Hosteller, Bharat Biotech, Miel E- Security, Mpokket
|
Sun Group Global | Single Family Office | Delhi NCR | Ankur Agarwal | 2 | Justgiving, Tiaxa |
Sunergy Investors | Single Family Office | Irvine | Ankil Lalu | 1 | Sunterrace |
Sunil Kant Munjal Family Office | Single Family Office | Delhi NCR | Sunil Kant | 8 | Bluestone, Atomberg, Noccarc |
Sunil Singhania’S Family Office | Single Family Office | Mumbai | Sunil Singhania | 2 | Soleos |
Survam Partners | Single Family Office | Delhi NCR | Suman Kant Munjal | 26 |
Bharatpe, Blusmart Mobility, Smytten, Atomberg Technology, Rusk Media
|
Swadharma Source Ventures | Single Family Office | Lucknow | The Sahu Group | 1 | Onfinance Ai |
Swiss Investors Corporation | Single Family Office | Hong Kong | Philippe Michel Leutert And Mr Gilles Albert Wormser | 1 | Excellence4U |
T Choithrams BVI | Single Family Office | Dubai | T. Choithram And Sons | 1 | Safexpay |
Tainwala Group | Single Family Office | Mumbai | Ramesh Tainwala | 2 | Vioma Lifesciences (Healwell24) |
Tamarind Family Private Trust | Single Family Office | Delhi NCR | The Mansukhani family | 3 | Wow Express |
Telama Investments Family Office | Single Family Office | Bengaluru | Subramanian S | 9 | Oto, Grayquest, Fundfina |
The Bhagat Family Office | Single Family Office | Mumbai | Chintan Bhagat | 1 | Quadrivia |
The Bhogilal Family Office | Single Family Office | Ahemdabad | Nirmal Pratap Bhogilal | 1 | Setu Nutrition |
The Bunting Family Private Fund | Single Family Office | Maryland | Marc G. Bunting | 4 | Magicpin |
The Three Sisters Institutional Office | Single Family Office | Delhi NCR | Radha Kapoor Khanna, Raakhe Kapoor And Roshini Kapoor | 2 | Awfis Space Solution |
Tranzmute Capital | Multi Family Office | Mumbai | Narayan Seshadri | 1 | CG Power |
Trog Hawley Capital | Single Family Office | West Palm Beach | Alexandru Monul | 1 | Ola |
Twin & Bull | Single Family Office | Bengaluru | Ajay Prabhu, Ajit Prabhu | 1 | Terra Food Co. |
Udyat Ventures | Single Family Office | Delhi NCR | Harsh Gupta | 9 | Alltius, Blacklight Studio Works |
Umesh Sanghavi Family Office | Single Family Office | Mumbai | Umesh Sanghavi | 1 | Sublime Life |
Unilazer Ventures | Single Family Office | Mumbai | Ronnie Screwvala | 29 | Lido Learning, Lenskart, Dailyobjects |
Unnati Labs | Single Family Office | Delhi NCR | Amit Sinha | 2 | Intents Mobi, Deciml |
Urmin Family Office | Single Family Office | Ahmedabad | Tejas Majithia, Nanubhai V Majithia And Rajendra Nanubhai Majithia | 1 | Devx |
Vans Investments | Single Family Office | Mumbai | Srinivas Chunduru | 2 | Our Better Planet, Snackamor |
Varroc Group Family Office | Single Family Office | Aurangabad | Tarang Jain | 2 | Cariq, Vitesco Technologies |
Vernalis Capital | Single Family Office | Chennai | Bala Chandra | 1 | Verofax Limited |
Vikramaditya Mohan Thapar Family Trust | Single Family Office | Kolkata | Vikramaditya Mohan Thapar Family | 2 | Burger Singh, Boutique Spirit Brands |
Vineet Nayyar Family Office | Single Family Office | Delhi NCR | Vineet Nayyar | 1 | Vendekin Technologies |
Viney Equity Market Llp (Vem) | Single Family Office | Delhi NCR | Anant Aggarwal | 3 |
Xolopak, Matrix-Geo Solutions, India Sweet House
|
VM Salgaocar Family Office | Single Family Office | Goa | Shivanand V. Salgaocar | 3 | Burger Singh, The Cube Club |
Volta Circle | Single Family Office | London | Suchitra Lohia | 1 | Byju’S |
Vulcan Capital | Multi Family Office | Seattle | Paul Allen | 2 | Teachmint, Lovelocal (Formerly M.Paani) |
Waao Partners | Single Family Office | Ahemdabad | Pratul Shroff | 4 | Smytten, Ayu Health, Proeon Foods |
Wami Capital | Single Family Office | Dubai | Anisha Ramakrishnan | 7 | Motovolt Mobility, Sourcewiz |
Waterfield Advisors | Multi Family Office | Mumbai | Soumya Rajan | 1 | Aye Finance |
Wolfson Group | Single Family Office | New York | Steven B. Wolfson | 1 | Propertyfirst.Com |
Workplay Ventures | Single Family Office | San Francisco | Mark Pincus | 1 | Polygon |
Yamauchi-No.10 Family Office | Single Family Office | Tokyo | Banjo Yamauchi | 1 | Workindia |
Yukti Securities | Single Family Office | Delhi NCR | Ashish Chand | 12 | Infra.Market, Ripplr, Oliveboard, Vital, Atlan |
Zed Capital | Single Family Office | Ahemdabad | Priyank Shah & Ashutosh Valani | 10 | Giva, Ensuredit |
Editor’s Note: This list is not a ranking of any kind, we have placed the family offices alphabetically. This is a running list and will be updated periodically with new names.
Aarin Capital
Aarin Capital is a Bengaluru-based proprietary venture fund established in 2011, cofounded by ex-Infosys CFO Mohandas Pai and Ranjan Pai. The firm invests in technology-intensive businesses across sectors such as life sciences, healthcare, education, and other significant India-centric market opportunities.
Since its inception, Aarin Capital has built a diverse portfolio of companies. Notable investments include Vyome Biosciences and EdCast.
In addition to direct investments in startups, Aarin Capital also backs entrepreneurial fund managers whose investment theses align with its core focus areas.
B2V Ventures
B2V Ventures is a Mumbai-based single-family office of B L Taparia, the chairman of Supreme Industries. The firm invests across various asset classes, including public equity, private equity, venture debt, structured debt, real estate, and art, both in India and overseas.
B2V Ventures has a diverse portfolio, including one unicorn, Cult.fit. Other notable investments include Cremeitalia, Style Union, Arcatron, Beleqtric, Agnikul, Easy Home Finance, among others. It also partners with various funds to fuel growth opportunities and diversify investments.
Burman Family Holdings
Burman Family Holdings is the strategic investment platform of the Burman family, the controlling shareholders of Dabur Group, one of India’s largest FMCG companies.
As of October 2024, Burman Family Holdings invested in more than 40 companies, primarily focussing on early-stage investments in sectors such as enterprise applications, consumer goods, fintech, financial services, and healthtech.
The firm typically engages in seed and Series A funding rounds. Its portfolio companies include Isprava, Centricity, Melorra, Quickwork and Reliable Records.
The leadership team comprises seven members, including two partners: Abhas Gupta and Gaurav Burman.
Gaurav, a fifth-generation scion of the Burman family, serves as a partner at Burman Family Holdings.
Catamaran
Catamaran Ventures is a private investment firm founded in 2010 by N. R. Narayana Murthy, the founder of Infosys, and Arjun Narayanswamy.
The firm manages a significant portfolio across multiple asset classes, including strategic joint ventures, private equity, public equity, and growth-stage venture capital. With a focus on fostering innovation, Catamaran Ventures has made several notable investments in startups across a variety of industries.
Among its investments are Aequs, a contract manufacturer specialising in aerospace and electronics, and Log9 Materials, a company working on lithium-ion battery technology tailored for tropical climates.
The firm has also invested in VerSe Innovation, which owns Dailyhunt and the short-video platform Josh. Other key investments include Udaan and Acko.
Additionally, Catamaran Ventures has been involved with the National Stock Exchange of India and even invested in SpaceX.
Hunch Ventures
Hunch Ventures, established in 2016 and headquartered in New Delhi, is a family office that invests in early-stage startups across various sectors, including air mobility, fine arts, sustainable food supply chains, and food security.
The firm has made investments in companies such as BLADE India, GoodTimes, and Red Otter Farms. Other notable companies include Dolomite Restaurants, The Circle, MyHealthcare, Oceanaire Yachting, and Teamonk.
Hunch Ventures is led by Karanpal Singh, who serves as the founder and managing director.
Through its strategic investments, Hunch Ventures aims to support visionary founders and contribute to the growth of innovative enterprises across diverse industries.
Munjal Brothers’ Family Offices: Survam Partners & Pawan Munjal Family Trust
Survam Partners is the family office of Suman Kant Munjal, a member of the Hero Group and chairman of Rockman Industries. The firm primarily focusses on investments in the technology sector, with a keen interest in areas such as ecommerce, fitness, mobile applications, augmented reality, sports, and consumer electronics, among others.
The firm has a diverse portfolio, which includes names like Hudle, BluSmart Mobility, BharatPe, Atomberg Technology and Rusk Media.
The Pawan Munjal Family Trust serves as the investment arm of Pawan Munjal, the chairman and CEO of Hero MotoCorp. This family office focusses on sectors such as consumer products, transportation, and logistics technology.
As of early 2025, the trust has its investments in companies like Rapido and ShareChat.
It often coinvests alongside firms like Lightspeed India Partners and Alsthom Industries. The trust’s investment activity peaked in 2019, but it generally participates in fewer deals compared to Survam Partners.
In addition to its active investments, the Pawan Munjal Family Trust has achieved several exits, including those in Ola Electric and Vogo.
PremjiInvest
PremjiInvest, the private investment arm of Wipro founder Azim Premji, was established in 2006 with a focus on long-term investments across diverse sectors, including technology, healthcare, consumer goods, financial services, fintech, and ecommerce. The firm targets both private equity and public market opportunities, primarily in India and the United States.
Over the years, PremjiInvest has strategically backed some of India’s most successful new-age startups. Its portfolio includes Zomato, Udaan, Swiggy, FirstCry, and Lenskart.
Beyond investments, PremjiInvest plays a key role in supporting the philanthropic initiatives of the Azim Premji Foundation, a not-for-profit organisation focussed on improving the lives of underserved communities. The foundation works extensively in education, healthcare, and social development, aiming to create a lasting impact by empowering marginalised groups across India.
Paipal Ventures
Paipal Ventures, founded in 2016 and based in Mysore, is a family office that invests in early-stage startups across various sectors. The firm is sector-agnostic and focusses on partnering with founders who have scalable ideas.
The firm’s investment portfolio includes companies operating in diverse industries such as digital media, fintech, healthcare, and AI.
Paipal Ventures was founded by Ajith Pai, who is also the cofounder and partner at Farmiculture Organics LLP, a leading organic farming company.
The firm supports startups through various stages, including validating strategies, assisting in profitable growth, facilitating scalability, optimising cash flows, and strengthening governance and compliance. Its key investments include ReDesyn, TraceX Technologies and Kahanibox.
Pratithi Investment
Pratithi Investments, established in 2014 and headquartered in Bengaluru, is a private equity firm specialising in late-stage debt and equity investments. Since its inception, the firm has invested in over 100 Indian startups across more than 20 sectors. It has a total assets under management (AUM) exceeding $500 Mn.
The firm’s investment portfolio includes companies such as Lenskart, Cult.fit, and MobiKwik. It has also achieved significant exits, including the IPO of MobiKwik on December 18, 2024.
Pratithi Investments operates with a sector-agnostic approach, primarily focussing on later-stage ventures. Pratithi often co-invests alongside leading institutional investors who share a similar commitment to supporting enterprise growth.
The leadership team at Pratithi Investments includes K C Ganesh as a partner.
Pico Capital
Pico Capital is a family wealth management firm operating as a registered non-banking financial company (NBFC). It manages its proprietary capital by investing across various asset classes, including equity, fixed income, real estate, renewable energy and startup funding.
The firm also provides flexible financing via structured debt to companies that are unable to raise capital from traditional sources.
In the private sector, the company has invested in companies like Vroom, Spotinst, Autoleadstar, Gloat, Tastewise, Chargeafter, and Sepio Systems, among others.
Randev Ventures
Randev Ventures, established in 2018, is the private investment arm of the Randev Family Office, with a presence in India and the United Arab Emirates.
The firm focusses on value investing in early-stage startups across India, Southeast Asia, and the United States. Their investment strategy emphasises capital preservation and growth, with a multi-stage, sector-agnostic approach and a long-term investment horizon.
Randev Ventures invests in sectors such as SaaS, Web3, mobility, B2B, deeptech, sustainability, API, creator economy, XR, and AR. It typically invests in startups at various stages, including pre-seed, seed, and Series A.
A few of the portfolio companies include abCoffee and EMO Energy.
Spectrum Impact
Spectrum Impact is an investment firm cofounded by Rajendra Gogr and Arti Gogr, with a focus on making a positive social impact through investments. The firm specialises in impact investing, targeting opportunities that not only deliver strong financial returns but also foster long-term, sustainable solutions to some of the world’s most pressing challenges.
Spectrum Impact focusses on sectors such as renewable energy, education, healthcare, and financial inclusion, with a particular emphasis on businesses that can create scalable and sustainable solutions to global challenges.
Among the companies it has invested in are Mooev Technologies, Exposome, Atomberg Technologies, EEKI Foods, and HB11 Energy, among others.
Sarcha Advisors
Sarcha Advisors is a financing advisory firm established in 2018 by Rohit Chanana, former head of the Hero Enterprise family office.
The firm offers a range of services, including large family realignments, family office consultancy, mergers and acquisitions, joint ventures, buyouts, business building and execution, restructuring, and strategic advisory.
In addition to its advisory services, Sarcha Advisors has made investments in startups such as Stack, a neo-banking platform aimed at automating financial management for millennials, and Financepeer, an education fintech company that provides interest-free loans for school fees.
Sharrp Ventures
Sharrp Ventures is the investment office of the Harsh Mariwala family, established to manage their proprietary capital. The firm focusses on partnering with unique businesses that have significant growth potential, particularly in sectors such as food and beverages, beauty and personal care, and consumer technology, among others.
The firm’s notable investments include Mamaearth, Nykaa, Zouk, Super Bottoms, Bold Care, Kapiva, CureSkin, etc.
Sharrp Ventures has also achieved several successful exits, including investments in companies like Vyome Biosciences, Wooqer, and Securens.
The firm continues to focus on backing companies that are shaping new-age consumerism in India, leveraging its extensive experience and network to support the growth and success of its portfolio companies.
Unilazer Ventures
Unilazer Ventures is a Mumbai-based private equity and venture capital firm founded in 1991 by Ronnie Screwvala. The firm specialises in early and late-stage investments across various sectors, including ecommerce, internet software, information technology, food and beverage, education, fashion, and shopping.
Over the years, Unilazer Ventures has built a diverse portfolio of companies, including Lenskart, ShopClues, DailyObjects, Zivame, and Niki.ai.
The firm has also achieved several successful exits, including ShopClues, InI Farms, and Micro Housing Finance Corporation.
Editor’s Note: This is not a ranking of any kind; family offices are listed alphabetically. It is a dynamic tracker that will be updated periodically. For any queries, additions, or updates, reach out to us at editor@inc42.com. View our methodology and disclaimer here.