Family businesses and private wealth are built on passion, resilience, and long-term vision. But sustaining that legacy across generations requires more than financial success. It calls for effective governance, strategic planning, robust compliance, and a clear succession roadmap.

At Grant Thornton Bharat, we understand the complexities of family enterprises. Our family office services in India and private client solutions are designed to help business families grow, protect, and pass on their legacy while staying aligned with their values and aspirations.

Understanding the pillars of a family-owned business

Family businesses operate at the intersection of three core areas—family, ownership, and management. Each plays a distinct role and presents its own set of priorities and challenges:

Image

A balanced approach across these three pillars helps families maintain harmony, ensure continuity, and achieve long-term growth.

Challenges for family-owned businesses

Family-owned enterprises bring distinct strengths—strong values, long-term investment orientation, and stability. However, they also face unique challenges that can impact continuity and growth:

1.

Succession planning and grooming next-generation leaders

2.

Aligning ownership and governance interests among family members

3.

Balancing emotional legacy with professional management

4.

Ensuring compliance and mitigating risks such as disputes or fraud

Our Family Offices and Private Client Services

Estate and Succession Planning

Grant Thornton Bharat offers estate and succession planning solutions—trusts, wills, governance frameworks, and next-gen mentorship—to preserve family wealth and ensure business continuity.

Second Residence

Grant Thornton Bharat offers tailored residency advisory services that help families navigate international relocation with confidence. Our solutions combine access to global programs, tax residency planning, and seamless visa application support, ensuring a smooth transition to your new home country.

How Grant Thornton Bharat can help

Whether you are a private individual or managing a family office, Grant Thornton Bharat offers seamless advice on a wide range of services. Our Private Client Services team comprises specialists with multi-disciplinary expertise, providing holistic guidance to family-owned businesses on diverse topics, including:

  • Setting up and managing family offices in India
  • Business and ownership restructuring for value unlocking
  • Estate planning and succession in India through trusts, wills, and tax-efficient structures
  • Overseas expansion and acquisition of second residences
  • Designing family constitutions and governance charters
  • Establishing family councils and mentoring next-gen leaders
  • Dispute resolution and conflict management
  • Succession strategy aligned with values and vision
  • Structuring and operationalising family offices
  • Selecting tools and platforms
  • Day-to-day administration and compliance support
  • Corporate and personal compliance
  • Regulatory compliance and litigation support
  • Forensic reviews and crisis pre-emption
  • Buy-side and sell-side transaction support
  • Capital raising and debt restructuring

Why choose Grant Thornton Bharat

Pallavi Joshi Bakhru
Contact us
Pallavi Joshi Bakhru
Partner and Family Office Leader