Impact Over Income

India's new wealth isn't just growing — it's getting younger, and its investments are purpose-driven, says Ronak Sheth of 360 ONE Group.

- Tsunami Costabir

The economic boom has created a rapidly expanding affluent base. According to a 2025 Wealth Report, millionaire households have nearly doubled in just four years, reaching 8,71,700. This surge has been driven by strong stock markets, robust urban growth, and a wave of entrepreneurship.

A striking trend is the youth of this new wealth class. Many Indian billionaires today are under 40, and their relationship with money is markedly different from previous generations. “Earlier, affluence came in your late 50s or 60s, after decades of building a business,” says Ronak Sheth, Chief Marketing Officer at 360 ONE Group. “Today, founders in their 20s are building multi-million-dollar empires.”

For this generation, wealth is not the destination — it is a means to a larger purpose. “Seventeen years ago, when I started my career, clients wanted safe returns and legacy continuity. Today, they ask very different questions,” Sheth observes. “How can I invest in global innovation? How can I be part of the startup changing the way business is done? How can I make my capital more purposeful?”

Meet The Affluent Investor

The purpose-driven shift is perhaps the most defining change in wealth management today. Clients are no longer satisfied with simply preserving or growing their assets. They want their wealth to have meaning.