Why are India's super wealthy looking abroad for family offices?

RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad

For once, Mukesh Ambani is not a disruptor. He is walking the beaten path. The Reliance Industries Chairman, who is also the second-wealthiest man of Asia, is reportedly setting up a branch of his family office offshore, in Singapore. Ambani -- whose wealth was recently pegged at 86.6 billion dollars by Forbes -- is said to already have a family office running in Mumbai. Most of the top Indian business families and start-up founders also have family offices abroad.

According to a report, the majority of the Ambani family’s investments were into Reliance Industries, or RIL. Their part stake deals and