Ambani family wealth 10% of Indian GDP: Barclays-Hurun India Report
Report
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According to a recently released' 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses List' report, the Ambani family's combined wealth valuation of Rs 25.75 trillion was equivalent to around 10 per cent of the Indian gross domestic product (GDP). The Ambani family remains the richest business family in India, followed by the Bajaj and Birla families.
According to the report, the top three business families -Ambani, Bajaj, and Birlas- are valued at $460 billion, which is equivalent to Singapore's GDP.
List of the Top 10 Business Family in India
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list’ report calculated the valuation of the companies owned by these families as of 20 March 2024. Their private investments and liquid assets were not included in the valuation.
The report also does not include first-generation families like the Adani’s.
Roshni Nadar Malhotra of the Nadar family is the only woman in the list of top 10 family businesses.
|
Rank |
Business Family |
Flagship Company |
Valuation in Rupees in trillion |
|
1 |
Ambani (led by Mukesh Ambani) |
Reliance Industries Limited |
25.75 |
|
2 |
Bajaj (led by Niraj Bajaj Group) |
Bajaj Auto |
7.13 |
|
3 |
Birla (led by Kumar Mangalam Birla) |
Aditya Birla Group |
5.39 |
|
4 |
Jindal (led by Sajjan Jindal) |
JSW Steel |
4.71 |
|
5 |
Nadar (led by Roshini Nadar Malhotra) |
HCL Technology |
4.3 |
|
6 |
Mahindra (led by Anand Mahindra) |
M&M |
3.45 |
|
7 |
Dani family, Choksi Family and Vakil Family |
Asian Paints |
2.71 |
|
8 |
Premji (led by Rishad Premji) |
Wipro |
2.57 |
|
9 |
Rajiv Singh |
DLF |
2.04 |
|
10 |
Muruguppa Family |
Tube Investment |
2,02 |
London-based Barclays Bank is a British multinational bank that opened its first branch in India in 1990. At present, it has branches in Mumbai, Delhi, and Nelamangala(Karnataka).
Hurun company was founded by Rupert Hoogewerf in 1999 as a media, investment and research group focused on financial sectors.
Later he shifted the company from London to Shanghai, China. It releases a number of research reports.
