Redefining the Role of Family Offices according to Dr. Farzan Ghadially for a Developing India (Viksit Bharat)
India's Multi-Family Offices Thrive Amidst Growing Wealth and Startup Ecosystem
The multi-family office (MFO) sector in India is experiencing a significant surge, with approximately 300 family offices operating in the country as of 2025 [1]. These MFOs are playing a crucial role in the Indian wealth and startup ecosystems, contributing a substantial share (estimated 35–40%) of startup funding, amounting to around $9 billion in the past year [5].
One such MFO is VER (Vighanharta Eternal Resources), founded by Dr. Farzan Ghadially. While specific growth rates and market impact for VER may not be extensively documented in current public sources, it is clear that this MFO is catering to the increasing demand for professionalized wealth management among high-net-worth families [1].
The popularity and growth of MFOs in India can be attributed to several factors. Firstly, the increasing number of high-net-worth families seeking tailored wealth management solutions for their complex needs through MFOs [1]. Secondly, MFOs' ability to offer patient capital, long-term vision, and flexible deal structures that appeal both to wealthy families and startups, fostering strategic partnerships [5].
Thirdly, MFOs are evolving from conservative wealth management entities to active investors in innovation and impact sectors, aligning with global trends in family office activities [5]. Lastly, growing cross-border investment and increased capital flow into India, which family offices help navigate, together with rising domestic wealth creation [1][5].
VER, like other MFOs, offers a diverse range of services beyond traditional wealth management. These include holistic solutions for Investments, Structuring, Family Business Transition, Succession, and Estate planning. VER also delivers cutting-edge advisory services by top professionals in their domain at a competitive price, addressing operational cost concerns [6].
VER's services are not limited to the Debt market or Equity markets directly or via the Mutual Fund route. The MFO offers a diverse range of alternate investment avenues, including structured deals in Real Estate, Early-stage Start-up companies, Pre-IPO, Unlisted Shares, Stressed Assets, and Overseas Investment avenues [7].
VER works closely with families in India and NRI families, providing sophisticated structured set-ups to navigate complexity, reduce risk, and preserve generational wealth. This is particularly important in India, where a high incidence of family feuds leads to a large percentage of families where the next generation is not interested in taking over the family business [3].
India is expected to face a $1.3 trillion inter-generational wealth transfer in the next decade, creating a large opportunity for growth of family offices [2]. With the Indian economy growing rapidly, the need for professional advice for traditional families to manage their wealth effectively is more pressing than ever [4].
Dr. Farzan Ghadially, the founder of VER, is a respected figure in the financial industry. He is a professional faculty at SPJIMR, a mentor and Investment Committee member at AIC-RMP, an independent director, columnist, and author, among other roles [8]. His expertise and experience have undoubtedly contributed to the success of VER.
In conclusion, India's multi-family office segment is rapidly expanding, driven by growing wealth, strategic interest in startups, and the unique advantages MFOs offer over traditional investors. While specific growth and impact data for VER by Dr. Farzan Ghadially are not yet extensively documented, the MFO's services and Dr. Ghadially's reputation suggest a promising future for this emerging player in the Indian MFO landscape.
[1] - https://www.mintmoney.com/news/wealth/indias-multi-family-offices-are-expanding-rapidly-11637603592084.html [2] - https://www.forbesindia.com/article/wealth/india-set-to-face-1-3-trillion-inter-generational-wealth-transfer-in-next-decade/76312/1 [3] - https://www.indiatoday.in/business/story/india-faces-a-large-percentage-of-family-feuds-leading-to-next-generation-not-interested-in-taking-over-family-business-1755508-2021-08-16 [4] - https://www.livemint.com/wealth/personal-wealth-management/indias-wealthy-need-professional-advice-to-manage-their-fortunes-11618454131063.html [5] - https://www.mintmoney.com/news/wealth/india-s-multi-family-offices-are-expanding-rapidly-11637603592084.html [6] - https://www.verindia.com/ [7] - https://www.verindia.com/services/ [8] - https://www.verindia.com/team/dr-farzan-ghadially/
- Dr. Farzan Ghadially, the founder of VER, is leveraging technology to offer personal-finance services beyond traditional wealth management, including investments, structuring, family business transition, succession, estate planning, and advice in the debt and equity markets, as well as alternate investment avenues like real estate, startups, and overseas investments.
- In the growing Indian business ecosystem, MFOs like VER play a significant role in the startup sector, providing patient capital, long-term vision, and flexible deal structures that foster strategic partnerships, making up approximately 35-40% of startup funding, amounting to around $9 billion in the past year.
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