Ambanis Top 2024 Barclays Hurun India 'Most Valuable Family Businesses' List

The Ambani family has topped the inaugural edition of the 2024 Barclays Private Clients Hurun India list of the most-valuable family businesses, with a staggering $309 billion (nearly Rs 25.75 lakh crore) value, which is nearly 10 per cent of India’s GDP.

Following the Ambani family, the Bajaj family business is the second most valuable one with a total value of Rs 7.13 lakh crore, followed by the Birla family which occupied the third spot with a valuation of Rs 5.39 lakh crore, according to the 2024 Barclays Private Clients Hurun India Most Valuation Family Businesses.

The Adani family, supported by the next generation, topped first-generation entrepreneur families with business worth of Rs 15,44,500 crore, followed by Poonawalla family (managing the Serum Institute of India) at Rs 2,37,100 crore.

The top 10 families in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses are:

Ambani Family

Bajaj Family

Kumar Mangalam Birla Family

Jindal Family

Nadar Family

Mahindra Family

Dani Family, Choksi Family, and Vakil Family

Premji Family

Rajiv Singh Family

Murugappa Family

The combined value of the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses stands at an astounding ₹130 lakh crore, surpassing the GDP of nations like Switzerland and the UAE. The top three family businesses alone account for Rs 46 lakh crore, equivalent to the GDP of Singapore.

With a threshold of Rs 2,700 crore to qualify for the list, 124 families boast a valuation of over $1 billion. Notably, the Benu Bangur family has achieved an impressive 571-fold increase in share price since inheritance, the highest among the families listed. The Taparia and Dharmpal Agarwal families follow with 387x and 316x growth, respectively.

Haldiram Snacks, valued at Rs 63,000 crore, emerged as India’s most valuable unlisted company, while 15 companies on the list are led by women. Furthermore, 53 companies are helmed by professional CEOs, showcasing a trend towards professional management in family-owned businesses.