Daybreak The family office is the new family business for India's richest heirs
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Oct 14, 2025 Indian heirs are moving from managing family factories to running family offices, seeking global investment opportunities. This shift emphasizes portfolio flexibility and faster compounding over traditional business operations. Critics worry this trend could signal a loss of entrepreneurial spirit and long-term legacy. The internal family debate reveals tension between immediate financial gains and building lasting value. Overall, heirs are redefining ambition, focusing on managing wealth rather than creating it, which raises questions about their identities and future contributions.
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Heir Sells Factory To Run A Family Office
- A Gujarat pharma heir sold the family factory and used proceeds to start a family office.
- He now runs the office full-time and trades to beat the factory's historical 20% returns.
Legacy Owners Pivot Toward Investing
- Successors from textiles, manufacturing and real estate are shifting from operations to investment.
- They prefer global markets and flexibility over running day-to-day businesses.
Daisy Ventures Replaces Predictable Leasing
- Ankit Minocha left predictable commercial leasing to launch Daisy Ventures in 2024.
- His family office now accounts for a large portion of the group's income.