Introduction

As India's wealthy population expands, they seek answers regarding their newly made fortunes- How does a family best safeguard and protect its assets? What investment opportunities are out there? Who will assist in overseeing investments, philanthropic activities, taxation, accounting, as well as legal and operational affairs? With these concerns in mind, there has been a recent emergence of Indian families establishing family offices.

Additionally, diversification is key, as it's never wise to keep all one's eggs in one basket. And Indian family offices are the perfect instance of it. As their private market portfolios are made up of direct startup investments (47%), exposure to VC/PE (Venture Capital/Private Equity) funds (32%), and exposure to venture debt funds (11%), as per Lets Venture. Notably, over the last five years, family offices have almost doubled their private market allocation to 40% (EY). However, the management of wealth and assets in today's constantly evolving business landscape is no longer a straightforward and predictable journey.

To address the same, the Family Office Summit will help you gain exclusive insights on the changing family office landscape, various investment opportunities, diversifying investment portfolios, and proactive stance towards risk management in order to safeguard family assets and ensure long-term stability.


Agenda

12:00 PM onwards
  • 12:00 PM – 1:00 PM

    Registrations

  • 1:00 PM – 2:30 PM

    Networking Lunch

  • 2:30 PM – 2:40 PM

    Welcome Address

    By Shalil Gupta, Business Head, Mosaic Digital

  • 2:40 PM – 2:45 PM

    Context Setting

    By Vivek Sinha, Managing Editor, VCCircle & TechCircle

  • 2:45 PM – 3:05 PM

    Special Address: Reinventing Investment Outlook: India's Super Wealthy

    It is estimated that there are approximately 257 family offices in India that have invested in a total of 659 deals, with a significant investment amount of $1.33 billion to date according to Edge Insights. A noticeable trend has emerged whereby family offices actively seek to engage in direct private investments within the market. This movement has been largely driven by 1. A desire for greater investment control 2. Attractive risk-adjusted returns with limited correlation to the public market 3. Decreased price volatility.

    What potential do alternatives to conventional investment paths show in terms of high returns as family offices seek them out? What does this say about the new investment landscape in India? 

    Dr. Rajiv Agarwal, Professor & Department Chair Strategy & Family Business, S.P. Jain Institute of Management & Research (SPJIMR)

  • 3:05 PM – 3:25 PM

    Fireside Chat: Gender Lens investing

    Gender Lens investing, which emphasizes considering gender-related factors in investment decisions, has gained traction among investors like VCs, PEs, and LPs. However, family offices that manage substantial wealth have yet to embrace this approach or discuss it much. To bridge this gap, there's a need to raise awareness about the financial and societal benefits of Gender Lens investing for family offices. Closing this gap can contribute to more inclusive and equitable investment practices.

    Pallavi Joshi Bakhru, Partner and Leader - Private Client Services, Grant Thornton Bharat in conversation with Arvind Agarwal, Founder & CEO,  C4D Partners

  • 3:25 PM – 3:45 PM

    Fireside Chat: Strategies for Effective Estate Planning in Family Offices

    Estate planning is a critical aspect of managing family wealth within a family office. This topic delves into the intricacies of estate planning within family offices, addressing the multifaceted challenges and opportunities associated with preserving family wealth for future generations. How important it is to create a comprehensive Estate Plan including wills, trusts, and powers of attorney. Additionally, it explores how estate planning intersects with various aspects of family office operations, making it a comprehensive and practical subject for discussion.

    Parthiv Kamdar, Partner, Deloitte in conversation with Kanchi Gandhi, Senior Vice President and Vertical Head - Trusteeship Services, Kotak Mahindra Trusteeship Services Ltd.

  • 3:45 PM – 4:10 PM

    Networking Break

  • 4:10 PM – 4:30 PM

    Fireside Chat: Navigating Healthcare Investment Opportunities in Family Offices

    Healthcare, as an industry, offers both promising opportunities and unique complexities, making it an area of significant interest for family offices looking to diversify their portfolios and contribute to societal well-being. What are the evolving trends, strategies, and challenges that family offices face when investing in healthcare-related assets? How family offices can align healthcare investments with their long-term wealth preservation and growth goals?

    Preet Matani, Executive Director - Healthcare, PwC in conversation with Hari Buggana, Chairman and MD, InvAscent

  • 4:30 PM – 5:00 PM

    Panel Discussion: Passing the Torch: Succession Planning Strategies

    Over 70% of surveyed family offices anticipate the next generation prioritizing decentralized finance, ESG, and responsible investments, even if it means sacrificing some profits for social causes. Additionally, 45% perceive the next generation of family office leaders as harder to engage due to their greater focus on personal and career pursuits. Thus, conflict of thinking requires a common ground. How can wealthy families ensure a smooth transition of leadership by gradually relinquishing their responsibilities and preparing their successors for their future roles?

    Confirmed Speakers:
    Priyavrata Mafatlal,
    Vice Chairman, Arvind Mafatlal Group
    Arihant Patni,
    MD, Patni Financial Advisors
    Ntasha
    , Co-Founder & Managing Partner, Ankurit Capital

    Moderator: Shalil Gupta, Business Head, Mosaic Digital

  • 5:00 PM – 5:15 PM

    Networking Break

  • 5:15 PM – 5:35 PM

    Fireside Chat: Amidst Volatility Lies the Opportunities: Navigating Challenges

    Indian family offices invest in various asset classes such as bonds, public equities, real estate, and hedge funds. However, tracking the performance of these investments and managing the necessary technology can be challenging for them. Additionally, their prime concerns in the current market include the complexity of investments, regulatory compliance, market volatility and more which require a significant investment of time, resources, and expertise. How will family offices rise above these challenges? 

    Vivek Tolat, Chief Investment Officer and Head of Family Office Investments, KCT Group
    Sumegh Bhatia
    , CEO & MD - India, Lighthouse Canton

    Moderator:  Parthiv Kamdar, Partner, Deloitte

  • 5:35 PM – 6:00 PM

    Fireside Chat: Exploring the Rise of Private Credit in Family Offices

    Why Family Offices are increasingly looking at private credit themes like real estate and corporate credit as part of their portfolios?

    Kunal Shah, Partner, Price Waterhouse & Co LLP in conversation with Karthik Athreya, Director & Head of Strategy for Alternative Credit, Sundaram Alternate Assets

  • 6:00 PM – 6:30 PM

    Panel Discussion: Will Real Estate remain resilient in Family Office Portfolios during Turbulence?

    Real estate holds a significant role in family office portfolios during turbulent times. Amid market volatility, family offices approach investments with caution while holding onto cash. However, despite facing potential challenges in 2022, including high construction costs, inflation, and successive RBI rate hikes, the real estate industry in India not only survived but rebounded. Currently, the market in India is projected to experience a growth rate of 9.2% (CAGR) by 2028.

    In this context, will real estate continue to offer long-standing investment potential for family offices? Furthermore, what are the emerging trends that will have a substantial impact on the Indian real estate market in the coming years?  

    Confirmed Speakers:
    Girish Singhi
    , Head, Investments, Godrej Fund Management
    Mohit Chawla, MD, Bimtek Group Family Office
    Siddharth Kothari, Chief Investment Strategist, Om Kothari Group Family Office
    Ramashrya Yadav, Founder & CEO, Integrow Asset Management

    Moderator:  Priyal Mahtta, Senior Correspondent, VCCircle

  • 6:30 PM – 6:45 PM

    Networking Break

  • 6:45 PM – 7:05 PM

    Fireside Chat: Innovation in Corporate Credit Investing in India

    The corporate credit landscape in India is undergoing significant transformation. Family offices are recognizing the need to diversify their portfolios beyond traditional investments. Corporate credit, presents an opportunity for stable returns and lower volatility. What are the evolving strategies and practices that these private wealth management entities are adopting to seek attractive returns while managing risks within the realm of corporate credit?


    Speakers:
    Radhika Rajan
    , Executive Vice President, DSP Investments (P) Limited
    Saurabh Jhalaria, CIO -Alternative Credit Strategies, InCred Alternative Investments

    Moderator: Shalil Gupta, Business Head, Mosaic Digital

  • 7:05 PM – 7:35 PM

    Panel Discussion: A Bright Future Ahead

    The expansion of family offices in India is an emerging trend worth monitoring. Given the considerable accumulation of new wealth, the formation of these privately run entities will persist, and they will require assistance to operate efficiently. Although family offices can manage some operations in-house, they will depend on outsourced specialists, including accounting, tax and estate management, legal advice, investment management (OCIOs), etc. With effective planning, single and multi-family offices in the country will flourish. What does the future hold for them? 

    Confirmed Speakers: 
    Nitai Utkarsh
    , Lead - Investment Strategy & Chairman's Family Office, Hero MotoCorp 
    Siddhartha Saraf
    , CIO, Manyavar Family Office 
    Benaifer Malandkar
    , CIO, RAAY Investments
    Navjot Kaur
    , Associate Director, Epiq Capital

    Moderator: Priyal Mahtta, Senior Correspondent, VCCircle

  • 7:35 PM – Onwards

    Cocktails & Dinner


Speakers 2023

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Arihant Patni

MD, Patni Financial Advisors
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Priyavrata Mafatlal

Vice-Chairman, Arvind Mafatlal Group
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Dr. Rajiv Agarwal

Professor & Department Chair Strategy & Family Business, S.P. Jain Institute of Management & Research (SPJIMR)
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Girish Singhi

Head, Investments, Godrej Fund Management
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Kanchi Gandhi

Senior Vice President and Vertical Head - Trusteeship Services, Kotak Mahindra Trusteeship Services Ltd.
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Mohit Chawla

MD, Bimtek Group Family Office
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Nitai Utkarsh

Lead - Investment Strategy & Chairman's Family Office, Hero MotoCorp
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Hari Buggana

CMD, InvAscent
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Arvind Agarwal

Founder & CEO, C4D Partners
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Navjot Kaur

Associate Director, Epiq Capital
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Benaifer Malandkar

CIO, RAAY Investments
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Karthik Athreya

Director and Head of Strategy - Alternative Credit, Sundaram Alternates
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Kunal Shah

Partner, Price Waterhouse & Co LLP
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Ntasha

Co-Founder & Managing Partner, Ankurit Capital
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Pallavi Joshi Bakhru

Partner and Leader - Private Client Services, Grant Thornton Bharat (Moderator)
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Parthiv Kamdar

Partner, Deloitte
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Preet Matani

Executive Director - Healthcare, PwC
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Ramashrya Yadav

Founder & CEO, Integrow Asset Management
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Radhika Rajan

Executive Vice President, DSP Investments (P) Limited
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Saurabh Jhalaria

CIO - Alternative Credit Strategies, InCred Alternative Investments
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Shalil Gupta

Business Head, Mosaic Digital
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Siddharth Kothari

Chief Investment Strategist , Om Kothari Group Family Office
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Siddhartha Saraf

CIO, Manyavar Family Office
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Sumegh Bhatia

CEO & MD - India, Lighthouse Canton
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Vivek Tolat

Chief Investment Officer and Head of Family Office Investments, KCT Group

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