Ambani Family’s Wealth: The Ambani family tops the list of most valuable family businesses in the country. According to the Barclays-Hurun India list of Most Valuable Family Business 2024, the Ambani family’s wealth is ₹25.75 trillion, which is about 10% of India’s GDP.
According to the Barclays-Hurun India report, the family’s business empire under the leadership of Reliance Industries operates in the energy, retail and telecom sectors. This ranking of Barclays-Hurun India is based on the company’s valuation as of March 20, 2024.
Private investments and liquid assets are not included in this valuation. The value of Ambani’s wealth includes stakes in Reliance, Jio Platforms, Reliance Retail and other group companies.
Bajaj family second with a value of ₹7.13 trillion
Bajaj family second in the list of most valuable family businesses with a value of ₹7.13 trillion. The Pune-based automobile business is led by the family’s third generation leader Neeraj Bajaj.
The Birla family is at number three with a value of ₹5.39 trillion
In this list, the Birla family is at number three with a valuation of ₹5.39 trillion. The leadership of this company is done by Kumar Mangalam Birla, the fourth generation of the family. This company focuses on metal, mining, cement and financial services.
The combined valuation of the three families is equal to Singapore’s GDP
The combined valuation of the businesses of Ambani, Bajaj and Birla – these three families is $460 billion, which is almost equal to Singapore’s GDP.
The Jindal family is at number four with a valuation of ₹4.71 trillion
The Jindal family is at number four with a valuation of ₹4.71 trillion, which is led by Sajjan Jindal. Apart from this, the Nadar family is at number five with a valuation of ₹4.30 trillion. Roshni Nadar Malhotra of the Nadar family is the only woman in the list of top-10 family businesses.
Adani family tops the list of first generation family businesses
The 2024 Barclays Private Clients Hurun India Most Valuable Family Business list does not include first generation families. However, under the leadership of current chairman Gautam Adani, the Adani family tops the list of most valuable first generation family businesses with a value of Rs 15.44 trillion.
In this list, the Poonawala family, owner of the Serum Institute of India, is at number two with a value of Rs 2.37 trillion. At number three on the list is the pharma major Divi family, whose valuation is Rs 91,200 crore.
Haldiram Snacks is India’s most valuable non-listed company
According to the report, Haldiram Snacks is valued at Rs 63,000 crore and is India’s most valuable non-listed company. Recently, Haldiram came into the news when US-based private equity firm Blackstone made a non-binding offer to acquire the company.
However, the transaction between the two companies is getting delayed as the existing promoters of Haldiram Snacks are demanding higher valuation. According to a Barclays-Hurun India research report, real estate majors DLF Limited (Rs 2,04,500 crore) and Macrotech Developers (Rs 1,12,200 crore) are the most valuable real estate family businesses.
