A race for top investment talent is pushing India’s billionaire-owned family offices to increasingly offer profit-sharing arrangements, highlighting the fierce competition for money managers in one of the world’s fastest-growing wealth markets.
Billionaire family offices, including those belonging to tech founder Azim Premji and consumer tycoon Harsh Mariwala, are already paying a share of investment profits - known as carried interest - while multiple newer family offices are considering doing so, according to people familiar with the matter who requested not to be named because the details are private. Premji’s firm declined to comment and Mariwala’s Sharrp Ventures confirmed.
