The Ambani family tops the Barclays-Hurun India Report’s ranking of most valuable family businesses, valued at $25.75 trillion, equivalent to about 10 per cent of India’s GDP. The review, released on March 20, 2024, only considers the valuation of the company, adjusting cross-holdings to avoid double counting, excluding private investment and liquid assets.
After the Ambani family, the Neeraj Bajaj family is second with a net worth of Rs 77.13 trillion. The Birla family is third with Rs 75.39 trillion. In total, the total value of the top three families is equal to Singapore’s GDP, which is worth $ 460 billion.
At number four is the Sajjan Jindal-led family worth Rs 24.71 trillion, while the Nadar family, of which Roshni Nader Malhotra is a notable woman in the top 10, is worth Rs 24.30 trillion.
The Adani family, valued at $215.44 trillion, leads the list as the most valuable family business of the first generation, followed by the Poonawalla family, owner of the Serum Institute of India, at $2.37 trillion and the Devi family at $91,200 crore.
Anas Rehman Junaid, Founder and Chief Researcher, Hurun India highlighted the important role of these businesses in sectors such as industrial products, automobiles and pharmaceuticals. These industries play an important role in India’s global competitiveness and economic resilience.
Commenting on the synergy of these businesses in India’s complex environment, Nitin Singh, Head, Barclays Private Bank, Asia Pacific, said they have the potential to thrive for generations in this challenging scenario.
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