Family offices in Real Estate – Karnataka
The landscape of family offices in Karnataka, primarily centered in Bengaluru, is one of the most sophisticated in Asia. Driven by the “IT boom” and a mature startup ecosystem, these offices have transitioned from simple wealth preservation to aggressive venture capital and strategic real estate play.
Here is a detailed report on the prominent family offices currently operating in Karnataka as of 2026.
- Single Family Offices (SFOs)
These are private organizations that manage the investments and trusts for a single ultra-high-net-worth family.
Catamaran Ventures (Narayana Murthy Family)
The family office of Infosys co-founder Narayana Murthy and Sudha Murthy. It is one of the most active and professionally managed SFOs in India.
Focus: Technology, e-commerce, healthcare, and financial services.
Key Activity: Known for high-profile partnerships (like the joint venture with Amazon/Cloudtail) and significant investments in early-to-late-stage startups.
Revenue (FY25): Reported at approximately ₹881 Crore.
Location: J.P. Nagar, Bengaluru.
Pratithi Investments (Kris Gopalakrishnan Family)
Managed by Kris Gopalakrishnan (Infosys co-founder), this office is a pioneer in supporting the Indian deep-tech and research ecosystem.
AUM (Assets Under Management): Over $500 Million.
Focus: Sector-agnostic but heavily weighted toward innovation, brain research, and sustainable development.
Real Estate Arm: Operates through SGK Trust, which specifically manages the family’s extensive real estate holdings.
Location: Koramangala, Bengaluru.
Azim Premji Foundation / PremjiInvest (Azim Premji Family)
While the Foundation focuses on philanthropy, PremjiInvest acts as the investment arm that funds these initiatives. It is arguably the largest family office in India.
Strategy: A mix of public equity and private equity. They are known for “patient capital,” holding positions in companies like FabIndia, Lenskart, and various financial institutions.
Philanthropic Link: 66% of Wipro’s economic ownership is pledged to the Foundation’s endowment.
Location: Sarjapur Road, Bengaluru.
MEMG Family Office (Manipal Group – Dr. Ranjan Pai)
The investment arm of the Manipal Education and Medical Group.
Focus: Healthcare, education, and consumer brands.
Recent Activity: Highly active in the secondary market, recently making headlines for significant infusions into late-stage startups like BYJU’S (Aakash) and Purplle.
Location: Manipal Centre, Dickenson Road, Bengaluru.
- Multi-Family Offices (MFOs) & Wealth Advisory
These firms manage wealth for multiple families, typically those with investable assets ranging from ₹50 Crore to ₹2,000 Crore.
Entrust Family Office
A prominent Bengaluru-based MFO that provides a “conflict-free” fee-only advisory model.
Core Services: Succession planning, family governance (charters/constitutions), and complex real estate advisory.
Distinction: Named “Family Office of the Year” in 2024. They specialize in managing “liquidity events”—helping founders manage wealth after a company sale or IPO.
Equirus Family Office
An established player that has seen rapid growth in the Karnataka region.
Growth: Managed roughly ₹10,000 Crore in assets as of 2025.
Services: Holistic wealth management, including estate planning and statutory compliance.
- Sector-Specific Investment Profiles
Family offices in Karnataka typically diversify across three main “buckets”:
| Asset Class | Strategy | Notable Players |
| Venture Capital | Investing in “Deep Tech” and SaaS startups. | Catamaran, Pratithi, PremjiInvest |
| Real Estate | Transitioning from physical land holding to Fractional Ownership and Commercial REITs. | SGK Trust (Gopalakrishnan), Entrust Advisory |
| Philanthropy | Setting up Universities and Research Centers in Karnataka. | Azim Premji University, Bagchi-Parthasarathy Hospital |
- Emerging Trends in 2026
Direct Investing: Instead of just putting money into VC funds, Karnataka family offices are now leading their own investment rounds (Direct-to-Startup).
Professionalization: Moving away from “family accountants” to hiring Tier-1 investment bankers and legal experts as Chief Investment Officers (CIOs).
Sustainability (ESG): A massive shift toward “Impact Investing,” particularly in renewable energy projects within North Karnataka.
Note for Real Estate Interests: Many of these offices (like the Manipal Group or SGK Trust) maintain heavy portfolios in Bengaluru’s commercial real estate (ORR, Whitefield) and are increasingly looking at high-yield “plotted developments” in Tier-2 cities like Mysore and Tumkur for long-term land banking.
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