Recently, Hurun released its report on India’s most valuable family businesses. According to Hurun’s list of the top 10 family businesses in India, these businesses have collectively amassed a total value of more than INR 60,00,000 crores. However, this list doesn’t include the name of multi-billionaire Gautam Adani’s business. This news sent a shockwave across the nation. Does this signify something is again brewing against the Adani family? Here is complete information about the report.
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List Of Most Valuable Family Businesses In India
Here is the Hurun’s list of valuable family businesses in India:
#1 Reliance Industries Limited
RIL, led by the Ambani family, tops the list, with a total valuation of more than INR 25,75,100 crores. The company operates in the energy and telecom sectors and is now managed by the second generation.
#2 Bajaj Group
The Bajaj family ranks second on the list, with a valuation of more than INR 7,12,700 crores. Niraj Bajaj leads the Bajaj Group, which specialises in automobiles and auto components.
#3 Aditya Birla Group
Third on the list is the Birla family, led by Kumar Mangalam Birla. The business focuses on metals and mining and is valued at more than INR 5,38,500 crores.
#4 JSW Steel
Jindal family ranks fourth on the list with a valuation of INR 4,71,200 crores. JSW Steel, led by Sajjan Jindal, operates in the metals and mining industry.
#5 HCL Technologies
The Nadar family leads HCL Technologies, which is valued at INR 4,30,600 crores. The second generation now manages the business, which operates in the software and service sector.
#6 Mahindra & Mahindra
Mahindra & Mahindra is a diverse conglomerate working in industries such as finance, aerospace, and more. It is led by Anand Mahindra and is valued at INR 3,45,200 crores.
#7 Asian Paints
Ranked seventh on the list is the Dani, Choksi and Vakil family. The business is valued at INR 2,71,200 crores but is managed by someone outside the family, R. Seshasayee.
#8 Wipro
The Premji family, led by Rishad Premji, ranks eighth on the list. The business, which has its roots in the software and service sector, is valued at INR Rs 2,57,900 crores.
#9 DLF
DLF has strong roots in the real estate sector and is now managed by the third generation. The business ranks ninth on the list with a valuation of INR 2,04,500 crores.
#10 Tube Investments of India
The Murugappa Family ranks tenth in the Hurun India Most Valuable Family Businesses, with a valuation of Rs 2,02,200 crores. The business operates in the automobile and auto components sector.
What Happened To Adani Family?
The Adani family is absent from the aforementioned list because it excludes first-generation family businesses. However, they have secured the top spot in Hurun’s ranking of first-generation business families with active second-generation leaders.
