Ambani Family’s Wealth Valuation Of Rs 25.75 Lakh Crore, Almost 10% Of India GDP: Barclays-Hurun India Report

The Ambani family has topped the Barclays-Hurun India most valuable family businesses list, with a valuation of Rs 25.75 lakh crore, their total wealth is almost equal to 10% of India’s GDP, stated the 2024 Barclays-Hurun India report on the most valuable family businesses in the country. The family’s business empire of Reliance Industries mainly operates in the energy, retail, and telecom sectors.
Bajaj & Birla Family On 2nd & 3rd Rank
The Bajaj family comes second in the Barclays Private Clients Hurun India most valuable family businesses list at Rs 7.13 lakh crore while Birlas come third at Rs 5.39 lakh crore.
The Adani family’s value has been pegged at Rs 15.44 lakh crore in the list, but being a first generation it does not feature in the main list.
Adanis top the list of first-generation families with active second-generation leaders, and Serum’s Poonawalla family follows them with its business valued at Rs 2.37 lakh crore.
Barclays-Hurun India Report
The report has a cut-off date of March 20, and the valuation excludes private investments and liquid assets. Anas Rahman Junaid, founder and chief researcher at Hurun India, said three-fourths of the family businesses saw growth in value when compared with last year.
“The significant industry diversification of these family businesses demonstrates their essential role in maintaining and advancing long-term economic stability and growth in India,” he added. 
“With 28 companies in the industrial products sector valued at Rs 458,700 crore, and 23 companies in the automobile sector and 22 in the pharmaceuticals sector valued at Rs 1,876,200 crore and Rs 7,88,500 crore respectively, these businesses are pivotal in enhancing India’s global competitiveness and economic resilience,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.
(With inputs from PTI)