According to 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses, Ambani Family headed by Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), is ranked 1st with a value of Rs 2,575,100 Crore.
- Bajaj family led by Niraj Bajaj, Directors of the Bajaj Group, ranks 2nd with a value of Rs 712,700 crore and Birla family, led by Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, ranks 3rd with a value of Rs 538,500 crore.
- Roshni Nadar Malhotra, representing the Nadar family, is India’s most influential woman leading a family-owned business. The Nadar family is ranked 5th with a value of Rs 430,600 crore.
Top 5 India’s Most Valuable Family Businesses in 2024:
| Rank | Family Name | Company Name | Value (Rs Crore) | Person Heading Business | Industry |
|---|---|---|---|---|---|
| 1 | Ambani Family | RIL | 2,575,100 | Mukesh Ambani | Energy |
| 2 | Bajaj Family | Bajaj Group | 712,700 | Niraj Bajaj | Automobile & Auto Components |
| 3 | Birla Family | Aditya Birla Group | 538,500 | Kumar Mangalam Birla | Metals and Mining |
| 4 | Jindal Family | Jindal South West (JSW) Steel Limited | 471,200 | Sajjan Jindal | Metals and Mining |
| 5 | Nadar Family | HCL Technologies | 430,600 | Roshni Nadar Malhotra | Software & Services |
Top 5 Women Leaders in 2024:
| Rank | Name | Family Name | Company | Value (INR Crore) |
|---|---|---|---|---|
| 1 | Roshni Nadar Malhotra | Nadar Family | HCL Technologies | 4,30,600 |
| 2 | Nisaba Godrej | Godrej Family | Godrej | 1,72,500 |
| 3 | Manju D. Gupta | Manju Gupat Family | Lupin | 71,200 |
| 4 | Sushila Devi Singhania | Singhania Family | JK Cement | 67,600 |
| 5 | Meher Pudumje | Aga Family | Thermax | 44,000 |
About 2024 Barclays Private Clients Hurun India Most Valuable Family Business report:
i.This is the inaugural edition of the report compiled by the Hurun Research Institute to celebrate and recognize India’s foremost family-run enterprises
ii.The report has set a threshold of Rs 27,00 crore to qualify for the list.
Methodology:
i.The list included only those Indian companies whose next-generation member from the founding family are actively involved in managing the business or serving in its board.
ii.The rankings are based on the company valuations as of the cut off date, 20th March, 2024.
iii.It excluded private investments and liquid assets, and adjusted for cross holdings to avoid double counting.
Key Highlights:
i.The value of Ambani family is almost equivalent to 10% (1/10th ) of India’s GDP.
ii.As per the report, the top 3 family businesses in the list accounted for Rs 46 lakh crore (USD 460 billion), equivalent to the GDP of Singapore.
iii.The report mentioned that total 15 companies featured in the list are led by women.
iv.According to the report, top 10 families on the list have a combined net worth of Rs 6,009,100 crore .
v.The top 3 cities like: Mumbai (65), Kolkata (17), and New Delhi (15) has contributed 97 entrants which is almost 50% of the list.
vi.The combined valuation of 124 families is USD 1.3 trillion, surpassing the combined Gross Domestic Product (GDP) of the Switzerland and the United Arab Emirates (UAE).
Most Valuable First-Generation Families:
i.The report excluded the 1st -generation families from the list. However, Adani family with a value of Rs 1,544,500 crore has topped among families founded by 1st –generation entrepreneurs who are supported by their next generation.
ii.Cyrus Poonawalla-led Poonawalla Family, managing the Serum Institute of India (SII) secured the 2nd spot with a value of Rs 237,100 Crore.
About Hurun Report Inc. (Hurun Report):
It is a leading research, luxury publishing and events group established in 1998 in London (U.K.). Hurun India was launched in 2012.
Chief Executive Officer (CEO)-Rupert Hoogewerf
Managing Director (MD) & Chief Researcher (Hurun India)-Anas Rahman Junaid
Headquarters (Hurun India)-Â Mumbai, Maharashtra
