100,000 High Net Worth Individuals in India

November 12, 2007 at 2:25 pm 12 comments

According to the second Asia Pacific Wealth report published by Merrill Lynch and Cap Gemini,  the number of High Net Worth Individuals (HNIs) in India increased by 20% in 2006 to touch 100,000. About 0.85% of them are Ultra HNIs (people with net worth in excess of US$30M). A majority of the HNIs are in the 41-55 year bracket.

So who is an HNI? The study defines an HNI as someone with net financial assets of at least US$1 Milion (excluding their primary residence).

To put things  in context, Asia Pacific is home to just over 27% of the world’s HNI population and India is the second-fastest growing HNI population in Asia Pacific.

Another chak de moment for India….. is it not?

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12 Comments Add your own

  • 1. kiran  |  January 16, 2008 at 9:09 pm

    Hey, could you tell me exactly what classifies an individual to be a High Networth Individual. I am talking from an Indian perspective not a global perspective. I came to this question after seeing the different categories of people who can apply for an IPO. retail investors hni QIB etc.

    Reply
  • 2. anandkrishna  |  January 19, 2008 at 5:50 am

    Hi Kiran- In the context of applying to IPOs in India, I think an HNI is someone who applies for shares worth more than Rs1 lakh. This segment has a separate % of the issue reserved and do not benefit from any discount to the issue price, which “Retail investors” get.

    The Wealth Management industry has a different yardstick to define HNIs. For them, the criterion is the total “net worth” of the individual. This is typically used as a gating criterion to decide what level of client service is provided, and what additional services are offered.

    Hope this helps.

    Anand

    Reply
    • 3. nirajkatoch  |  October 13, 2010 at 11:15 am

      hi Anand,

      uderstood the defination and qualification of an HNI for an IPO.

      Now is there a separate/different form of the IPO fro an HNI??

      Reply
  • 4. Jaya  |  July 14, 2008 at 7:11 am

    The information is good.Give in the details from where we can get the details of HNI or the detailed list of HNI in India.

    Complete details would be a great help.

    Jaya

    Reply
    • 5. abc  |  October 2, 2011 at 4:32 am

      Hi Jaya,

      I was wondering if you got the list of HNIs..could you please share the same…my email is deepikap_5@yahoo.com

      Thanks!

      Reply
  • 6. Alka  |  December 10, 2008 at 8:49 am

    hi ther..!!! can u help me in letting me know that how these different wealth management categorise in indentifying who is the HNI.. i mean wht amount of networth ICICI, JM finacial, HDFC etc etc.. they look in for to call those people HNI…

    Reply
    • 7. anandkrishna  |  December 13, 2008 at 8:37 pm

      Different wealth management firms have different criteria. But I think the generally accepted definition of an HNI is someone who has $1M in assets (excluding his/her own house).

      Reply
  • 8. imran khan  |  October 23, 2010 at 9:40 am

    hi anand,

    since long i have been looking for a company/firm.individual–who can take my concept and pass it on to the marketer–bcoz in most cases [ where the idea is to enhance the performance of the particular product] it is advisable to pass the concept rather than taking funds and setting up plant to appointing manpower to appointing distributorship etc etc etc n to reach the client—–hope u got it what i men—could u be any help to me.
    plz inform me at [meee_imran@yahoo.com]

    regards

    Reply
  • 9. bansi  |  June 11, 2011 at 5:01 pm

    sir i just want to know that if HNI’S are investing such a large amount, want it be risky for them to manage such portfolio, so what strategies should they apply in order to get high return on their investment

    Reply
  • 10. Vinod  |  November 25, 2011 at 1:53 am

    Hi Anand

    I am specifically looking at Identifying/locating HNIs in India from a real-estate-offering perspective. From the Indian context, could you provide insights/directions on how this can be achieved? from where can we cull reliable data? Any creative methods?

    Vinod.

    Reply
  • 11. Dhiraj  |  March 22, 2012 at 6:00 am

    Hi Anand

    I am specifically looking at Identifying/locating HNIs in India from a real-estate-offering perspective. From the Indian context, could you provide insights/directions on how this can be achieved? from where can we cull reliable data? Any creative methods?

    Dhiraj.

    Reply

    Reply
  • 12. shyamal moghe  |  May 21, 2012 at 12:30 pm

    Hi Anand,

    is there a way to interview these ultra HNIs for a survey

    Reply

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