Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
According to the latest Barclays-Hurun India report, the Ambani family tops the list of the country’s most valuable family businesses with an astounding valuation of ₹25.75 trillion, which constitutes nearly 10% of India’s GDP. The report, which is based on company valuations as of March 20, 2024, excludes private investments and liquid assets while adjusting for cross-holdings to avoid double counting.
The Ambanis’ staggering valuation places them well ahead of the second-ranked Bajaj family, led by Niraj Bajaj, which is valued at ₹7.13 trillion. The Birla family, holding the third spot, is valued at ₹5.39 trillion. Collectively, the top three family businesses are valued at approximately $460 billion, comparable to the GDP of Singapore.
Other notable entries include the Sajjan Jindal-led family with a valuation of ₹4.71 trillion and the Nadar family, valued at ₹4.30 trillion. Roshni Nadar Malhotra of the Nadar family is the only woman among the top ten family businesses.
In the first-generation family businesses category, the Adani family leads with a valuation of ₹15.44 trillion, followed by the Poonawalla family, owners of Serum Institute of India, valued at ₹2.37 trillion. The Divi family holds the third position with a valuation of ₹91,200 crore.
Anas Rahman Junaid, founder and chief researcher at Hurun India, highlighted the significant role of these family businesses in boosting India’s global competitiveness and economic resilience. He noted that with 28 companies in the industrial products sector valued at ₹458,700 crore, 23 in the automobile sector, and 22 in the pharmaceuticals sector, these businesses are crucial for maintaining and advancing long-term economic stability.
Nitin Singh, head of Barclays Private Bank for Asia Pacific, emphasized the complex environment of India and how multi-generational businesses have thrived by adeptly navigating this complexity. He credited their success to their ability to work effectively within India’s intricate and varied economic landscape.
Sources By Agencies
