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Ambani Family Tops 2024 Hurun India Most Valuable Family Businesses; HCL Tech’s Roshni Nadar Tops Among Women Leaders

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Ambani Family Tops 2024 Hurun India Most Valuable Family BusinessesAccording 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:

RankFamily NameCompany NameValue (Rs  Crore)Person Heading BusinessIndustry
1Ambani FamilyRIL2,575,100Mukesh AmbaniEnergy
2Bajaj FamilyBajaj Group712,700Niraj BajajAutomobile  & Auto Components
3Birla FamilyAditya Birla Group538,500Kumar Mangalam BirlaMetals and
Mining
4Jindal  FamilyJindal South West (JSW) Steel Limited471,200Sajjan JindalMetals and Mining
5Nadar FamilyHCL Technologies430,600Roshni Nadar MalhotraSoftware & Services

Top 5 Women Leaders in 2024:

RankNameFamily NameCompanyValue
(INR Crore)
1Roshni Nadar MalhotraNadar FamilyHCL Technologies4,30,600
2Nisaba GodrejGodrej FamilyGodrej1,72,500
3Manju D. GuptaManju Gupat FamilyLupin71,200
4Sushila Devi SinghaniaSinghania FamilyJK Cement67,600
5Meher PudumjeAga FamilyThermax44,000

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)- Mumbai, Maharashtra