Ambani family has been topped as the most valuable family business with an asset of Rs 25.5 trillion (Image: X @Reliance Industries Limited)
According to Barclays-Hurun India report, the Ambani family has been topped as the most valuable family business with an asset of Rs 25.5 trillion. The Bajaj family, owned by Niraj Bajaj, is said to be in the second position with a value of Rs 7.13 trillion.
These rankings are based on each company’s valuation as per March 2024 overall figuring. It doesn’t include private investments and other visible assets to foreclose further counting. The third position is secured by the Birla family valued at $460 billion which is as same as Singapore’s GDP.
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The Jindals led by Sajjan Jindal placed in fourth position calculating the value at Rs 4.71 lakh crore, followed by Roshni Nadar Malhotra, the owner of the Nadars valued at an impressive Rs 4.30 lakh crore. As per the reports, she is the only woman placed on the top ten list. Mahindra & Mahindra holds the fifth position in the list followed by Asian paints.
According to Anas Rahman, Chief Researcher of Hurun India, the industrial products sectors are valued at Rs 458,700 crore with 28 companies. In the automobile sector, there are 23 companies at Rs 1,876,200 and 22 in the pharmaceutical sector valued at Rs 7,88,500 crore.
Taking the value of first-generation families, the Adani family has emerged as the most valued first-generation business setting a value at Rs15,44 trillion. The owner of Serum Institute of India, the Poonawalla family is in the second position, valued at Rs2.37 trillion.
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India is a country with a lot of complexities; it is made up of several states and different things and it rewards people who follow the complexity and work accordingly, stated Nitin Singh, head of Barclays Private Bank, Asia Pacific. The businesses ingrained in roots and headed by various generations have been able to do great business in the Indian market, he added.
