Family office · Curated list
DSP Group Family Office
Mumbai
At a glance
- City
- Mumbai
- HQ / office
- Mumbai
- Corpus (as reported)
- Principal net worth US$2.0B (Forbes, as of 1 Jul 2026, ranked #2100); DSP Investment Managers separately manages ~US$15B+ (not family-office money)
About
The single family office of veteran investment banker Hemendra Kothari, founder of DSP Financial Consultants (1975), former partner of Merrill Lynch, and founder of DSP Mutual Fund (2008, ex-BlackRock JV). The family office has only ~4-5 disclosed startup investments (latest known: natch, Nov 2023), preferring seed/Series A enterprise and fintech bets plus large pre-IPO secondaries like FirstCry.
Investment focus
Highly selective: a handful of Seed/Series A direct bets plus late-stage secondaries (pre-IPO FirstCry stake bought from SoftBank) · Enterprise applications, fintech, consumer internet
Cheque size
Not public; seed cheques on the direct side, INR-hundreds-of-crores scale on secondaries (FirstCry block was part of a INR 435 Cr three-family-office purchase)
As compiled from public sources — verify with the investor.
SEBI registration
Not a SEBI AIF / offshore
Notable portfolio
ZET; SupplyNote; Zapkey; natch (Seed, Nov 2023); FirstCry (pre-IPO secondary from SoftBank)
Team & organisation
Hemendra Kothari (DSP Group; b. 1946, age 79 — alive and active; daughter Aditi Kothari Desai chairs DSP Mutual Fund)
Low as a routine early-stage cheque-writer (very few, infrequent deals and no public deal channel); more relevant as a prestige anchor/late-stage or institutional partner, or via DSP's asset-management platform.
Connect through iHub India
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Frequently asked
- What does DSP Group Family Office invest in?
- Highly selective: a handful of Seed/Series A direct bets plus late-stage secondaries (pre-IPO FirstCry stake bought from SoftBank) · Enterprise applications, fintech, consumer internet
- What cheque size does DSP Group Family Office write?
- As compiled from public sources: Not public; seed cheques on the direct side, INR-hundreds-of-crores scale on secondaries (FirstCry block was part of a INR 435 Cr three-family-office purchase)
- How do I pitch DSP Group Family Office through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
About this record
- ⚑ No website, no public email, no dedicated LinkedIn page for the family office; very low direct-deal frequency (last disclosed startup deal Nov 2023) — treat as hard-to-access, relationship-only
Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.forbes.com/profile/hemendra-kothari/ (US$2.0B, 1 Jul 2026); https://tracxn.com/d/single-family-office/dsp-group-family-office/__OitZuyGPLXzi3APDrnfWHPn2U-hKMNQLuEBS7BlAR2w (portfolio: ZET, SupplyNote, Zapkey, natch); https://inc42.com/buzz/three-family-offices-secure-firstcry-stake-inr-435-cr-softbank/