Ambani family's wealth is almost 10% of India GDP, says Barclays-Hurun India report
PTC Web Desk: The Ambani family has secured the top spot in Barclays-Hurun India's report on the most valuable family businesses, with a valuation of Rs 25.75 trillion, nearly 10% of India’s GDP. The rankings, based on company valuations as of March 20, 2024, exclude private investments and liquid assets while adjusting for cross-holdings to avoid double counting.
The Bajaj family, led by Niraj Bajaj, ranks second with a valuation of Rs 7.13 trillion, followed by the Birla family in third place at Rs 5.39 trillion. The combined valuation of the top three families amounts to $460 billion, equivalent to Singapore's GDP. The Sajjan Jindal-led family ranks fourth with Rs 4.71 trillion, and the Nadar family, headed by Roshni Nadar Malhotra, holds the fifth position with a valuation of Rs 4.30 trillion. Notably, Roshni Nadar Malhotra is the only woman featured in the top 10 family businesses.
Among first-generation family businesses, the Adani family leads with a valuation of Rs 15.44 trillion, followed by the Poonawalla family, owners of Serum Institute of India, at Rs 2.37 trillion. The Divi family ranks third, valued at Rs 91,200 crore. Anas Rahman Junaid, founder and chief researcher at Hurun India, highlighted the crucial role of industrial products, automobile, and pharmaceutical sectors in bolstering India's global competitiveness.
Nitin Singh, head of Barclays Private Bank, Asia Pacific, highlighted the success of multi-generational businesses in navigating India's complex environment.
- With inputs from agencies
