The Ambani family has emerged as the most valuable family business in India, according to the latest Barclays-Hurun India report, with a staggering valuation of ₹25.75 trillion. This valuation is nearly equivalent to 10% of India’s GDP, underscoring the immense influence and scale of the Ambani-led Reliance Industries on the national economy.
Trailing the Ambanis are the Bajaj family, with a valuation of ₹7.13 trillion, and the Birla family at ₹5.39 trillion. Together, these top three families command a combined valuation of $460 billion, which is equivalent to the GDP of Singapore.
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The report also highlighted the Adani family as the most valuable first-generation family business, with a valuation of ₹15.44 trillion, followed by the Poonawalla family, valued at ₹2.37 trillion. Notably, the Nadar family’s Roshni Nadar Malhotra is the only woman among the top 10 family businesses, with a family valuation of ₹4.30 trillion.
Anas Rahman Junaid, founder and chief researcher at Hurun India, emphasized the critical role these family businesses play in bolstering India’s global competitiveness and economic resilience, particularly in industrial, automotive, and pharmaceutical sectors. Nitin Singh, head of Barclays Private Bank, Asia Pacific, attributed the success of these multi-generational businesses to their ability to navigate India’s complex and diverse economic landscape.