Building a 40,000 Cr Multi-Family Office | Soumya Rajan on The India Opportunity ft Shrishti Sahu

Hello everyone, welcome to The India Opportunity Show where you get a front-row seat to people building India’s future. We talk about unlocking the potential of the country with founders, investors, creators, and successful leaders from different fields to bring you real-life stories and behind-the-scenes of what it takes to be at the forefront of building the India Story.

The 32nd episode of The India Opportunity Show is out now! You can watch it on YouTube or listen to it on Spotify or Apple Podcasts.

Today, I’m thrilled to have Soumya Rajan on the show, a trailblazer in India’s financial services industry and the founder and CEO of Waterfield Advisors, India’s first and largest independent multi-family office and wealth advisory firm that has over 40,000 Crores assets under management. Soumya has transformed the way wealth management operates in the country, building trust and fostering innovation in an evolving ecosystem - catering to ultra-high-net-worth individuals, families, and corporates. With over two decades of experience in private banking and wealth advisory, her insights go beyond numbers—they touch on legacy, leadership, and the changing aspirations of Indian wealth creators.

Takeaways

• Soumya Rajan founded Waterfield to address conflicts of interest in wealth management.

• The journey of entrepreneurship requires belief and a clear vision.

• Building awareness about family offices was a significant challenge.

• Support from early investors like the Patni family was crucial for Waterfield's growth.

• Listening and learning from clients is key to successful wealth management.

• Family values play a vital role in the longevity of family businesses.

• The concept of family offices is still in its infancy in India.

• Private markets are becoming increasingly important for family offices.

• The allocation to private markets is expected to grow significantly in the coming years.

• Understanding the nuances of private market investments is essential for family offices. The team is crucial in fund investments.

• Track record of exits is essential for confidence.

• Investment thesis consistency is key for funds.

• Deal flow access is vital for family offices.

• Private markets require patience and strategic thinking.

• Communication is critical in family dynamics.

• Leadership styles must evolve with business growth.

• True wealth encompasses peace of mind and stability.

• Investing should be contrarian and well-timed.

• Influential books can shape entrepreneurial journeys.

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Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.