Mutual funds and alternative investment vehicles (such as private equity funds, long-short funds) are also lapped by active single family offices. There's a lot of traditional business wealth here; all these would end in family office-like structure over the next few years. The money these families receive upon selling their businesses are channelled into their own investment firms or family offices," explained Amit Patni, scion of the Patni family which once owned Patni Computers. Azim Premji (Premji Invest), Narayan Murthy (Catamaran Ventures), SD Shibulal, Kris Gopalakrishnan , the Burmans, the Sundarams (TVS family), Ajay Piramal Qimar Rai Gupta family and Patni brothers, among others, keep some of the largest family offices in the country. "Capital preservation and growth are important for family offices.

Source: Economic Times July 21, 2016 20:53 UTC