Adanis top the list of first-generation families with active second-generation leaders and their value has been pegged at ₹15.44 trillion
By: Shajil Kumar
THE AMBANIS has become the most valuable family business in the country with a valuation of ₹25.75 trillion (£240.91 billion), which is nearly one-tenth of India’s Gross Domestic Product (GDP), according to a report.
The Bajaj family comes second in the Barclays Private Clients Hurun India’s most valuable family businesses list at ₹7.13 trillion (£66.71bn), followed by Birlas at ₹5.39 trillion (£50.43bn).
The top three family businesses’ interests are valued at $460 billion (£361.29bn), equivalent to the GDP of Singapore, stated the report.
The Adani family’s value has been pegged at ₹15.44 trillion (£144.45bn), 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 ₹2.37 trillion (£22.17bn).
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.