The great Indian summer is well and truly upon us what with the mercury touching a mind numbing 46 degrees Celsius in some cities across the country. While all of us are running to find some cover from the heat, the markets continued to sizzle as India’s Market Cap breached the USD 5 Trn mark – now not too far behind from HK. Not surprisingly, the last trillion sprint was lead by the top blue chips including India’s largest conglomerate as well as a telecom behemoth, which is a big indicator of investors’ preferences for size and stability in uncertain economic and political times.

While everyone continues to be impressed by the Great Indian services leap, there is now a worldwide acceptance of India’s manufacturing prowess evidenced by the recent announcements made by Google and Apple. Google just announced that its Pixel 8 phones will now be manufactured by an Indian OEM firm based in Delhi and Apple’s exports from India have doubled(!) to USD 12 Bn in FY 2024 from USD 6 Bn in the earlier year. The most heartening thing of these numbers is the spillover effect it has on local consumer expenditure – be it FMCG, Automobiles, Retail, Pharma…

Sowmya and I would like to thank all our clients, partners and well-wishers who took time to meet us at our Delhi roadshows. It is always a trip down memory lane for me in a city where I grew up. I was pleasantly surprised to see that there is now a lot of interest in some of the newer sectors like EV, AI- ML, Semi-con, EMS and QSR across the entire traditional family office space in North India even as they continue to keep adding more revenue generating assets in old economy sectors like Real Estate, Auto, FCMG and Pharma. Interestingly, we are also seeing a big jump in interest in Fixed Income products as some of the large corporates and Next-Gen scions start moving towards performing credits vis-a-vis traditional Fixed Deposits. We also continue to add more reach and access to international markets as we build alliances across traditional markets in Europe like Italy, France, Germany and the Netherlands both for inbound as well as outbound deals.

Look forward to meeting some of you in the next few months – hopefully the rain gods will also bless us soon !

Amar Kampani

CEO and Founder,