Mumbai : The Ambani family has emerged as the wealthiest family business in India, according to the inaugural Barclays-Hurun India report. With a staggering valuation of Rs 25.75 trillion, their wealth amounts to nearly 10 percent of India’s Gross Domestic Product (GDP), Business Standard reports.
The Ambani family’s vast business empire, led by Reliance Industries, spans across the energy, retail, and telecom sectors. The valuation is based on company evaluations as of March 20, 2024. The report’s methodology excludes private investments and liquid assets and adjusts for cross-holdings to avoid double counting.
Following the Ambani family at number two is the Bajaj family, with a valuation of Rs 7.13 trillion. The Birla family holds the third position, valued at Rs 5.39 trillion. Collectively, the top three families’ business interests total $460 billion, comparable to the GDP of Singapore.
The report also highlights the Sajjan Jindal-led family in fourth place with a valuation of Rs 4.71 trillion, and the Nadar family in fifth place, valued at Rs 4.30 trillion. Notably, Roshni Nadar Malhotra from the Nadar family is the only woman featured in the top 10 list of family businesses.
