New Delhi, Jan. 22 -- MUMBAI: India's wealth management industry is scrambling to scale as a growing pool of household financial wealth remains underserved.

Of the at least $1.1 trillion held by the country's top households, defined as those with annual incomes of $25,000 or more, at the end of FY24, only about $0.7 trillion was addressed by registered wealth managers, according to a 2025 Deloitte report. This leaves an estimated $0.4 trillion in unmet demand.

This pool of household wealth is being serviced by a limited universe of private wealth managers, financial advisers, mutual fund distributors and registered investment advisers. Specialized wealth managers are only able to meet 11% of the demands of the country's top 1% household...