Business: The Ambani family has been named the most valuable family business in India, according to the first edition of the 2024 Barclays Private Clients Hurun India Most Valuable Family Business List. Mukesh Ambani-led Reliance Industries Ltd is valued at an estimated $309 billion (Rs 25.75 lakh crore), which is about 10% of India’s gross domestic product (GDP). The Ambani family tops the list with a net worth of Rs 25,75,100 crore. They are followed by the Bajaj Family, led by Neeraj Bajaj, with a net worth of Rs 7,12,700 crore. The Kumar Mangalam Birla family is ranked third with a net worth of Rs 5,38,500 crore. Notably, the Gautam Adani-led company, which is worth Rs 15,44,500 crore, did not feature in the top ten due to its status as a first-generation family business. According to the report, the list focuses on family businesses where a descendant of the founding family actively contributes to the business.
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list evaluates the total value of family-owned businesses. This includes businesses where a member of the founding family is involved in running the company or serves as a board member. The valuation data is as of March 20, 2024. The top ten families on the list are collectively worth Rs 6,009,100 crore. The figure reflects the significant presence of family-led enterprises in India’s business sector. The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses are worth a combined Rs 130 lakh crore, which is more than the GDP of countries like Switzerland and the UAE. The top three families alone are worth Rs 46 lakh crore, which is equal to the GDP of Singapore.
The top ten most valuable family businesses are:
Ambani family
Bajaj family
Kumar Mangalam Birla family
Jindal family
Nadar family
Mahindra family
Dani family, Choksi family and Vakil family
Premji family
Rajeev Singh family
Murugappa family
