New Delhi, Aug. 20 -- India's family office ecosystem is entering a new phase of growth, with assets estimated at around Rs.70,000 crore in 2024 and projected to grow by 1.5 times over the next three years, according to the latest Julius Baer-EY report.

The report also highlights a shift in how wealthy Indian families are deploying their capital as it reports growing allocations to alternative investments and increasing interest in sectors such as artificial intelligence (AI), renewable energy, semiconductors and private markets.

A record 229 Indians were featured on Forbes's 2026 World's Billionaires list, with 30 newcomers and total wealth surpassing $1 trillion. Mukesh Ambani remains the country's richest, while the top 10 business f...