Where The Rich Are Investing

In full bloom

Pomoters in India are warming up to the idea of family offices as a vehicle for more than just wealth generation

Nancy Ortenstone’s A place for dreaming catches your eye as soon as you enter Amit Banka’s modest office. It’s an appropriate piece of art for the bustling 600-sq ft office at Solitaire Corporate Park in suburban Mumbai — this is where Banka and his 20-member team are busy dreaming of making it big, for themselves and the man behind it all, Ronnie Screwvala. As managing director of Unilazer Ventures, Banka is in charge of managing the personal wealth of Screwvala, the promoter-turned-professional manager of the Disney-owned UTV Communications, who sold his stake in Walt Disney for an estimated ₹800 crore in 2011. The 38-year-old, who earlier worked with Screwvala in UTV, quit the company last year to handle Screwvala’s ₹500-crore personal kitty.