Dr. Farzan Ghadially is the Founder and CEO of VER (Vighanharta Eternal Resources) an independent Multi-Family office and Wealth Advisory Firm that provides holistic solutions to the HNI, UHNI for Investments, Structuring, Family Business Transition, Succession and Estate planning with offices in India and representative offices in Dubai, London and Singapore. He is also an Angel Investor, Professional Faculty at Centre for Family Business & Entrepreneurship SP Jain Institute of Management Studies & Research (SPJIMR). He is also a mentor and Investment Committee member at AIC-RMP, a leading Incubation Centre supported by the Government of India; Independent director, columnist and an author.
VER - Multi-Family Office founded upon the principles of Good Thoughts, Good Words and Good Deeds offers cutting edge unbiased professional advice to families to grow their wealth using traditional as well alternate investment options in India and Overseas. Founded in 2016, VER - Multi-Family Office manages assets of 36 client groups in India and Overseas. With an Investment Portfolio across assets classes which include Indian Equites, Mutual Funds, Real- Estate, Startups and Crypto Currencies.
There has been a rise of Family offices in India and across the globe. It is estimated that approximately 7,300 family offices worldwide manage around $6 trillion of wealth. In India the number of family offices have risen almost seven times over the past six years, from 45 in 2018 to nearly 300 in 2024.
India shall face $1.3 trillion inter-generational wealth transfer in the next decade, with a surge in Start-up exits, IPO and Private Equity windfall. There is large amount of liquidity created thereby reshaping the way wealth needs to be managed and structured in the coming years and hence giving a large opportunity for growth of family offices in India. With headquarters in Mumbai servicing clients in metro cities of Bengaluru, Chennai, Delhi, Hyderabad and Pune and Tier-2 and Tier-3 cities like Bhubaneswar, Nagpur and Surat. Working closely with business families to grow and reshape their investments and overall business structure. Being a Multi-Family Office, we are bridging the following three gaps in the market at a competitive price.
Structuring of wealth keeping in mind the Indian taxation structure for maximum growth, flexibility and present composition of the family.
Delivering cutting edge advisory services by top professional in their domain can be a very costly affair and may not be available in most locations in India. But with a Multi–Family Office set-up, the best possible services in Legal, Taxation, Investments are offered at a very competitive price.
Most wealth management companies in India would offer services of Investing only in the Debt market or Equity markets directly or via the Mutal Fund route. We offer a wide variety of alternate investment avenues some of which include structured deals in Real Estate, Investing in Early-stage Start-up companies, Pre-IPO, Unlisted Shares, Stressed Assets and Overseas Investment avenues.
With the Indian economy globalizing at a rapid pace, GIFT city structure becomes an attractive jurisdiction for setting-up effective appropriate structures for business families with relaxed regulations and cross border ease. Outflows under the Liberalised Remittance Scheme (LRS) has reached $31.7 billion in 2023–2024, up from $18.8 billion in 2019–2020.
With the Indian economy growing at a rapid pace, traditional Indian families need professional unbiased wholistic advice on a customized basis to grow their wealth and undertake a smooth inter-generational transition with appropriate tax efficient legal structures keeping in mind the risk assessment and risk tolerance of the particular family. India has the highest incidents of family feuds leading to a very problematic succession to the next generation, hence leading to a large percentage of families wherein the next generation is not interested in taking over the family business and carrying the legacy.
VER – Multi Family Office works closely with families in India and NRI families with a global prospective in place with sophisticated structured set-ups designed to navigate complexity, reduce risk, and preserve generational wealth with the intent of holistic growth in terms of philanthropy, in-line of the family values.
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