High-Net-Worth Individuals (HNWIs) are those with significant investable assets, typically starting at ₹7 crore in India.

These individuals are categorized based on their wealth levels: HNWIs (₹7 crore–₹35 crore), Ultra-HNWIs (₹200 crore+), and Emerging Affluent (₹1 crore–₹7 crore).

In India, HNWIs often create wealth through startups, real estate, and exports, making them key contributors to the economy.

Their financial needs are complex, ranging from tax optimization and wealth preservation to global asset management. Succession planning is another priority, especially for business families.

However, HNWIs face unique challenges, such as navigating intricate tax regulations, managing volatile markets, and ensuring smooth wealth transfer.

For financial professionals like Chartered Accountants, working with HNWIs involves offering tailored solutions, from tax planning to compliance with global financial regulations.

Tools like Suvit simplify these tasks by automating GST reconciliation and financial reporting, enabling CAs to focus on strategic advisory services.