The Ambani family has earned the top spot in the Barclays-Hurun India list of the most valuable family businesses. Their empire, valued at Rs 25.75 trillion, is nearly 10% of India’s Gross Domestic Product (GDP). Ambanis’ Reliance Industries operates mainly in the energy, retail, and telecom sectors.
At number 2 position, is the Bajaj family, with a valuation of Rs 7.13 trillion. The Pune-based automotive business is led by Niraj Bajaj, a third-generation leader.
The Birla family ranks third, with their business worth Rs 5.39 trillion, led by Kumar Mangalam Birla of the fourth generation. Their business focuses mainly on sectors like metals, mining, cement, and financial services.
The combined value of these top three family businesses is $460 billion, which, according to the reports, is equal to Singapore’s GDP.
The rankings did not take private investments or liquid assets into account and made adjustments for crossholdings to avoid double counting.
The list also includes the Sajjan Jindal family, ranked fourth with a valuation of Rs 4.71 trillion, followed by the Nadar family in fifth place, valued at Rs 4.30 trillion.
