GIFT City Can Draw Family Office Capital If Policy Trust Builds
India's wealthy promoter families are rethinking how capital is owned, managed and deployed, with rising interest in formal family offices, overseas diversification and alternative income-generating assets, said Alok Sanghi, former promoter of Sanghi Industries, which was acquired by Ambuja Cements in 2023. Now leading his family office – Resolute Corp Bharat, Sanghi believes promoter wealth is steadily shifting beyond single-business concentration towards a more institutional capital allocation model.
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