According to the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses Rankings released on Thursday, there are 200 second-generation family-owned businesses across 30 cities in India with minimum value of ₹2,700 crore. Mumbai hosts 65 of these families, followed by Kolkata with 17 and New Delhi with 15. The 65 families in Mumbai have a combined valuation of ₹67,33,900 crore.
At the top of this financial leaderboard is the Ambani family, led by Mukesh Ambani, with an impressive ₹25.8 lakh crore. Hot on their heels is the Bajaj family, valued at ₹7.1 lakh crore, and taking the bronze is the Birla family, guided by Kumar Mangalam Birla, with ₹5.4 lakh crore.
Moreover, the combined net worth of India’s top three richest families is a staggering $460 billion— at par with Singapore’s GDP.
Discover the Top Business Families at the heart of India’s economic evolution.
Explore the First Edition of the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list to see which family dynasties are leading the way. These esteemed families have made… pic.twitter.com/iimeBTXrh6
— HURUN INDIA (@HurunReportInd) August 8, 2024
The list of first-generation entrepreneurs is led by the Adani family, valued at ₹15.4 lakh crore, followed by the Poonawalla family, who manage the Serum Institute of India, valued at ₹2.4 lakh crore. The Divi family, overseeing Divi’s Laboratories, ranks third with a valuation of ₹91,200 crore.
