Tag: Soumik Bandyopadhyay

Designing the Future of Indian Family Offices: How Soumik Bandyopadhyay Is Building the Governance Architecture India’s Wealth Ecosystem Needs
Business, Business News, Press Release

Designing the Future of Indian Family Offices: How Soumik Bandyopadhyay Is Building the Governance Architecture India’s Wealth Ecosystem Needs

Soumik Bandyopadhyay, Founder and Managing Director of Soumik Bandyopadhyay Advisors Pvt. Ltd. (SBAPL)New Delhi [India], June 12: India is sitting on the edge of one of the most consequential wealth transitions in its economic history. Over the next decade, an estimated USD 1.5 trillion is projected to shift between generations across India’s business families, a scale of capital movement that has no modern precedent in the country’s private sector. And yet, for all the sophistication India’s entrepreneurs have brought to building wealth, the structures required to govern, protect, and transition that wealth remain, in many cases, fundamentally underprepared.Soumik Bandyopadhyay has spent three decades at the heart of corporate sector, in India, Middle East and Eu...
Soumik Bandyopadhyay on Designing the Future of Indian Family Offices
Business

Soumik Bandyopadhyay on Designing the Future of Indian Family Offices

Soumik Bandyopadhyay, Director, Soumik Bandyopadhyay Advisors Private Limited.New Delhi [India], February 20: India is entering a defining chapter in private wealth history. According to EY estimates, nearly USD 1.5 trillion is expected to change hands in India over the next decade through intergenerational wealth transfer. Globally, UBS projects that approximately USD 83 trillion will transition across generations over the next 20 to 25 years. At the same time, the structure of wealth management itself is evolving. The number of family offices in India has grown sharply from about 45 in 2018 to nearly 300 by 2024, reflecting a significant institutionalisation of family capital. Globally, single-family offices have expanded from roughly 6,130 in 2019 to more than 8,000 in 2024. These...