According to the newly-released 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list, the Ambani family—who recently threw a ₹5,454 crore wedding celebration for their younger son Anant Ambani—owns the “most valuable family business” in India.
However, Reliance Industries Limited, under the leadership of Mukesh Ambani, is believed to have exceeded 10% of India’s GDP, with an estimated value of $309 billion (₹25.75 lakh crore).
The Hurun list was topped by the Ambani family, with a net worth of ₹25,75,100 crore. With a net worth of ₹7,12,700 crore, the Bajaj Family, headed by Niraj Bajaj, came in second, while the Kumar Mangalam Birla family came in third with ₹5,38,500 crore.
The conglomerate headed by Gautam Adani, valued at ₹15,44,500 crore, could not rank among the top 10 due to its position as a first-generation family enterprise.
“Family businesses where a descendant from the founding family actively contributes to the business” are the emphasis of the Hurun report’s list. The total worth of family-owned businesses is evaluated in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list. It includes companies where a member of the founding family is actively involved in management or serves on a board.
The aggregate worth of the top ten Indian business families on the list is ₹6,009,100 crore. It highlights how prevalent family-run businesses are in India’s business community.
The impressive ₹130 lakh crore is the overall worth of the 2024 Barclays Private Clients Hurun India’s Most Valuable Family Businesses. This amount exceeds the GDP of nations such as the United Arab Emirates and Switzerland.
Interestingly, the three wealthiest families collectively have a valuation of ₹46 lakh crore, which is almost equal to Singapore’s GDP.