Aug 9, 2024
By: Ayush Mehrotra
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses report, released Thursday, ranks the Ambani family on top. The top ten families are valued at INR 6,009,100 Crore. The top three alone are valued at USD 46000 Crore, equivalent to Singapore's GDP.
Credit: PTI
The Ambani family leads the list with a valuation of Rs 25,75,100 Cr., which is nearly 1/10th of India’s GDP. Founded by the late Dhirubhai Ambani, Reliance Industries is now led by Mukesh Ambani and operates in the energy and telecom sectors.
Credit: BCCL
The Bajaj family ranks second with a valuation of Rs 7,12,700 Cr. Led by Niraj Bajaj, their business focuses on automobiles and auto components.
Credit: BCCL
The Birla family, placed on third rank with a valuation of Rs 5,38,500 Cr., is led by Kumar Mangalam Birla. Their business, now managed by their fourth generation, specialises in metals and mining.
Credit: BCCL
The Jindal family stands fourth with a valuation of Rs 4,71,200 Cr. Led by Sajjan Jindal, their business in metals and mining is now managed by their second generation.
Credit: BCCL
The Nadar family ranks fifth in the list, boasting a value of Rs 4,30,600 Cr. Under the leadership of Roshni Nadar Malhotra, their business thrives in the software and services sector. Founded in 1991, and now managed by their second generation, the company is based in Noida.
Credit: BCCL
The Mahindra family ranked sixth, with a valuation of Rs 3,45,200 Cr. Under Anand Mahindra, their conglomerate thrives in automotive, aerospace, agribusiness, finance, and IT, showcasing impressive growth and innovation.
Credit: BCCL
The Dani, Choksi, and Vakil families of Asian Paints rank seventh with a valuation of Rs 2,71,200 Cr. Marking a unique occurrence, R. Seshasayee, who is not a family member, leads their business.
Credit: BCCL
The Premji family, managing Wipro, ranks eighth with a valuation of Rs 2,57,900 Cr. Led by Rishad Premji, son of Azim Premji, this business, now led by their third-generation, was founded in 1945 and operates in software services. It is headquartered in Bengaluru.
Credit: BCCL
Rajiv Singh’s family, who manages DLF (Delhi Land and Finance), ranks ninth on this with a valuation of Rs 2,04,500 Cr. Led by third-generation Rajiv Singh, their real estate business has shaped India's urban landscape since 1946.
Credit: BCCL
Ranking tenth with a valuation of Rs 2,02,200 Cr, the Murugappa Family runs Tube Investments of India. Led by M A M Arunachalam, this third-generation business, established in 1900, operates in the auto sector, and is headquartered in Chennai.
Credit: Tube Investments of India
Notably, the list excludes first-generation families. Among those founded by first-generation entrepreneurs, the Adani family takes the lead, with their business interests valued at a staggering Rs 15,44,500 crore.
Credit: BCCL