The Ambani family, led by Mukesh Ambani, has secured the top position in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list. Reliance Industries Limited (RIL), under the Ambani family’s leadership, boasts an estimated value of $309 billion (approximately Rs 25.75 lakh crore), which equates to roughly 10% of India’s GDP. This list, based on data compiled up to March 20, 2024, ranks the Ambani family as the wealthiest, with a total wealth of ₹25,75,100 crore.
Following closely behind, the Bajaj family, led by Niraj Bajaj, occupies the second spot with a total wealth of Rs 7,12,700 crore. The Kumar Mangalam Birla family takes the third position with a total wealth of Rs 5,38,500 crore. Notably, the Adani family, despite being a leading first-generation family business, does not feature in the top 10. The company explained, “The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list does not include first-generation families. Among first-generation entrepreneurs, the Adani family leads, supported by their next generation.”
The inaugural 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list, released by Barclays Private Clients and Hurun India, ranks India’s most valuable family-owned businesses based on their total wealth. The list specifically includes family-owned businesses where the founding family’s descendants actively participate in managing the business or serve as board members. The top 10 families on the list collectively possess a total wealth of Rs 6,009,100 crore. This remarkable accumulation of wealth underscores the strength and resilience of family-led enterprises within India’s business landscape.
The combined value of the businesses listed in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses reaches a staggering Rs 130 lakh crore, surpassing the GDP of countries like Switzerland and the UAE. The top three family businesses alone are valued at Rs 46 lakh crore, equivalent to Singapore’s GDP. The top 10 most valuable family businesses, in order, are: Ambani Family, Bajaj Family, Kumar Mangalam Birla Family, Nadar Family, Mahindra Family, Dani, Choksi, and Vakil Families, Premji Family, Rajiv Singh Family, and Murugappa Family.
