Synopsis
This report is the result of Company’s extensive research covering the HNWI population and Wealth Management industry in India. It provides market size and forecasts of the HNWI population. By leveraging the Company HNWI Database, it provides key demographic breakdowns.

Executive Summary
This report provides projections of the volume and wealth of India’s HNWI and a comprehensive background of the Indian economy. This includes demographic trends (2007-2011) and findings of the proprietary Company HNWI Database.

Scope
The report features:
• Independent market sizing of India’s HNWI
• Most up to date and thorough analysis of the demographic breakdown of India’s HNWI • Volume and wealth trends from 2007 to 2011
• Volume and wealth forecasts to 2015
• Current insights into the drivers of HNWI wealth

Reasons To Buy
• The Company Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWI, private banks, wealth managers and family offices around the world. With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Comprehensive forecasts to 2015.

Key Highlights
• India currently has the fourth-highest number of HNWIs in the Asia-Pacific region after Japan, China and Australia. In 2011, there are 251,000 HNWIs in India who, together, hold a total of US$1,083 billion.
• During 2007–2011 the number of HNWIs in India rose by a total of 32%, while total HNWI wealth increased by 10%. These figures are impressive when considered against the backdrop of the global financial crisis.
• Going forward, the number of Indian HNWIs is expected to grow by 85% to reach close to 465,000 individuals in 2015. HNWI wealth is expected to grow by 97% to US$2,134 billion in 2015.

1 Introduction
1.1 What is this Report About?
2 Wealth Sector Fundamentals
2.1 Economic Background to the Wealth Sector
2.2 Political Background to the Wealth Sector
2.3 Benchmarking Indian Wealth in Context
3 Findings from the Company HNWI Database
3.1 Trends in HNWI Wealth to 2015
3.1.1 HNWI trend analysis
3.1.2 HNWI volume trend analysis
3.1.3 HNWI wealth trend analysis
3.1.4 Per-capita HNWI net worth trend analysis
3.1.5 Trends of the wealth bands
3.1.6 Demographic breakdown of Indian wealth
3.1.7 Demographic breakdown by age
3.1.8 Demographic breakdown by gender
3.1.9 Demographic breakdown by region
3.1.10 Source of wealth
3.1.11 Industry
3.1.12 HNWIs’ source of wealth: inherited vs earned vs self-made
4 Appendix
4.1 Banking Regulations, Taxes and Laws
4.1.1 Regulations on equity capital
4.1.2 Limitation on amount of loans
4.1.3 High currency reserve ratio (CRR) and statutory liquidity ratio (SLR)
4.1.4 Limitation on borrowings from overseas headquarters
4.1.5 Interest rate trends for lending and borrowing
4.1.6 Taxes on investments
4.1.7 Investment limits
4.2 Key Economic Trends and Drivers
4.2.1 National wealth indicators
4.2.2 Financial market indicators
4.2.3 Banking indicators
4.2.4 Trade indicators
4.2.5 Other indicators
5 About Company

List of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: HNWI Wealth Sector Market Attractiveness, 2007–2015
Table 3: HNWIs – Volume by Wealth Band, 2007–2015
Table 4: HNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Table 5: HNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Table 6: HNWIs – Volume Distribution Wealth Pyramid, 2011
Table 7: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Table 8: HNWIs– Distribution by High- vs Low-Human-Capital-Development Industry, 2011
Table 9: INR to US$ Moving Annual Average Exchange Rate, 2006–2015
Table 10: Real GDP Growth Rate, 2006–2015
Table 11: GDP Per Capita, 2006–2015
Table 12: Gross Savings as a Percentage of Real GDP, 2006–2015
Table 13: Domestic Market Capitalization, 2006–2010
Table 14: Housing Price Index, 2006–2010
Table 15: Commodity Indices, 2006–2015
Table 16: Foreign Direct Investments, 2006–2015
Table 17: Investment Inflows by FIIs in Equity Products, 2006–09
Table 18: Inflation Rate, 2006–2015
Table 19: Repo Rate, 2006–2015
Table 20: Balance of Payments, 2006–2010
Table 21: Stock Market Performance, 2006–2010
Table 22: External and Fiscal Debt as a Percentage of GDP, 2006–2015
Table 23: HNWI Wealth vs GDP, 2006–2010
Table 24: Capital Formation as a Percentage of GDP, 2006–2015
Table 25: Disposable Income as a Percentage of GDP, 2006–2015

List of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: HNWI Wealth Band Definitions
Figure 3: HNWI Wealth Sector Market Attractiveness, 2007–2015
Figure 4: HNWIs – India vs RoW and Asia-Pacific
Figure 5: HNWIs – Volume and Growth Factor Correlation, 2007–2015
Figure 6: HNWIs – Volume by Wealth Band, 2007–2015
Figure 7: HNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Figure 8: HNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Figure 9: HNWIs – Volume Distribution Wealth Pyramid, 2011
Figure 10: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Figure 11: HNWIs – Age Distribution, 2011
Figure 12: HNWIs – Age Distribution by Gender, 2011
Figure 13: HNWIs – Regional Distribution by City, 2011
Figure 14: HNWIs – Distribution by Primary Source of Wealth, 2011
Figure 15: HNWIs – Human Capital Development Index by City, 2011
Figure 16: HNWIs – Comparison of Leading Sector Shares by Region
Figure 17: INR to US$ Moving Annual Average Exchange Rate, 2006–2015
Figure 18: Real GDP Growth (%), 2006–2015
Figure 19: GDP Per Capita, 2006–2015
Figure 20: Gross Savings as a Percentage of Real GDP, 2006–2015
Figure 21: Domestic Market Capitalization, 2006–2010
Figure 22: Housing Price Index, 2006–2010
Figure 23: Commodity Indices, 2006–2015
Figure 24: Foreign Direct Investments, 2006–2015
Figure 25: Investments of FIIs in Equity Products, 2006–09
Figure 26: Inflation Rate, 2006–2015
Figure 27: Repo Rate, 2006–2015
Figure 28: Balance of Payments, 2006–2010
Figure 29: Stock Market Performance, 2006–2010
Figure 30: External and Fiscal Debt as a Percentage of GDP, 2006–2015
Figure 31: HNWI Wealth vs GDP, 2006–2010
Figure 32: Capital Formation as a Percentage of GDP, 2006–2015
Figure 33: Disposable Income as a Percentage of GDP, 2006–2015

Companies Mentioned

Housing Development Finance Corporation (HDFC)
ICICI Bank
Axis Bank
Reliance Money
Yes Bank
IIFl Private Wealth Management
Kotak Mahindra Bank
Karvy Private Wealth
Anand Rathi Private Wealth Management
BMA Wealth Creators Private Limited
Hong Kong and Shanghai Banking Corporation Limited (HSBC)
DSP Merrill Lynch Limited (India)
Religare Macquarie Private Wealth
CITI Private Bank
DBS Bank (India)
Edelweiss Capital
Morgan Stanley India
Standard Chartered Bank
Credit Suisse (India)
Barclays Wealth (India)
Royal Bank of Scotland
BNP Paribus
SG Private Banking (India)
UBS AG (India)
Deutsche Bank (India)
ING Vysya Bank
SMC Wealth
Azim Premji Investments
Roa Family Office
Mittal Family Office
Godrejs Family Office
Ambani Family Office
Khimji Family Office
Catamaran Venture Capital (N Murthy)
Bharti Foundation
Bajaj Trust
Evergreen Family Office
Bodhitree Family Office
Altamount Capital
Metis Family Office