1、August 24FROM LEGACY TO LEADERSHIPFAMILY OFFICEREPORTThe cover of the family office report presents a vivid portrayal of transformation,symbolised through the journey of a simple,humble cotton bud evolving into a powerful rupee note.In India,banknotes are predominantly crafted from cotton fibre due

2、to its durability and widespread availability,ensuring resilience under the demands of daily transactions.The tactile sensation of cotton instils a feeling of authenticity and confidence in monetary exchanges.This symbolism mirrors the elaborate transformation of family offices in India.Initially,fa

3、mily offices started as modest entities relying heavily on advisors or banks to allocate their funds.Over time,they have evolved into resilient and powerful industry leaders,adept at managing substantial wealth while aligning with the aspirations and values of the family businesses they serve.This t

4、ransformation highlights their journey from being a one-man army offering back-end support to becoming sophisticated,full-fledged business models integral to wealth management.The covers motif of cotton bud on the backdrop of the texture of a rupee note,aptly reflects the core theme of the report:Fr

5、om Legacy to Leadership,capturing the essence of how family offices have evolved and their promising future in Indias financial landscape.FOREWORDAs a prominent Indian business house,the TSF group(which promoted Sundaram Finance)represents four generations of family led management.The TSF family bus

6、iness,with over a century of heritage,traces its origins to 1911,when T.V.Sundaram Iyengar founded the business in Madurai,Tamil Nadu.The financial services business was started with entry into insurance through Madras Motor and General Insurance,and in 1954 Sundaram Finance was founded and remains