New Delhi: Barclays Private Clients and Hurun India have issued the second edition of the "2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List," which shows that India's top 300 family businesses have a total worth of Rs. 134 lakh crore (USD 1.6 trillion), exceeding the GDP of Turkey and Finland.
The Ambani family has maintained the top place for the second year in a row, with a value of Rs 28.2 lakh crore, accounting for around one-twelfth of India's GDP. Following closely, the Kumar Mangalam Birla family moved up one place to second with a fortune of Rs. 6.5 lakh crore, while the Jindal family joined the top three for the first time with a net worth of Rs. 5.7 lakh crore. Together, these three account for $471 billion (Rs 40.4 lakh crore), which is comparable to the GDP of the Philippines.
According to the study, 100 new families joined the rankings this year, bringing the total number of families to 300. These firms produced an average of Rs. 7,100 crore each day in the previous year, paid Rs. 1.8 lakh crore in taxes, accounting for 15% of India's total corporate tax revenue, and employed over 2 million people, more than the population of Bahrain.
In the first-generation firm category, the Adani family continues to lead with Rs. 14 lakh crore, followed by the Poonawalla family of Serum Institute fame with Rs. 2.3 lakh crore. Anil Agarwal's family broke into the top ten with Rs. 2.6 lakh crore, as the entry barrier for the top ten increased to Rs. 2.2 lakh crore.
According to the research, billion-dollar family businesses are increasing, with 161 families currently worth more than $1 billion, up 37 from last year. Haldiram's family retains the title of the most valuable unlisted firm for the second year, with a value of Rs 85,800 crore. Notably, 22 of the family firms on the list are led by women, and 62 have expert CEOs.
Mumbai has the most listed families (91), followed by the NCR (62) and Kolkata (25). Industrial products have the most firms (48), but cars and auto components have the highest average worth of Rs. 52,320 crore.
The Wadia family's firm is the oldest on the list, valued at Rs. 1.58 lakh crore, while 93-year-old Kanaiyalal Maneklal Sheth of Great Eastern Shipping stands out as the oldest active leader, managing a company worth Rs. 14,000 crore.
