new delhi, Aug 12
The Ambani family led the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List for the second consecutive year. Reliance Industries, the family’s flagship, is valued at Rs 28.2 lakh crore, representing over a 12th of India’s GDP.
The Barclays Private Clients and Hurun India have unveiled the second edition of the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List.
The list expanded to 300 families, adding 100 new entrants, with a combined valuation of Rs 134 lakh crore, which is more than the GDP of Turkey and Finland combined.
Interestingly, collectively, these businesses generated Rs 7,100 crore in value daily last year and employed over two million people, contributing 15 per cent of India’s corporate tax collections.
The Kumar Mangalam Birla family rose to second place with a valuation of Rs 6.5 lakh crore, followed by the Jindal family at Rs 5.7 lakh crore.
The list also highlighted that the first-generation businesses also shone, with the Adani family topping that category at Rs 14 lakh crore, followed by the Poonawalla family at Rs 2.3 lakh crore.
According to Nitin Singh, Head of Barclays Private Bank, Asia Pacific, the findings reflect an upcoming Rs 130 lakh crore intergenerational wealth transfer over the next five years, alongside a rise in family offices. Anas Rahman Junaid, Founder of Hurun India, called these businesses “the heartbeat of the nation’s economy,” emphasising their resilience, innovation, and growing global footprint.
Giving the industry-wise trends, industrial products led in representation (48 companies), while automobile and auto components held the highest average valuation. Mumbai remained the leading hub with 91 companies, followed by NCR (62) and Kolkata (25).
The report also highlighted a surge in professional governance, with 62 companies led by non-family CEOs, and growing diversity, with 22 family businesses headed by women. Notably, Haldiram’s, valued at Rs 85,800 crore, remained India’s most valuable unlisted company.
The top 10 families now control nearly half of the total value of the list, underscoring the enduring influence of India’s leading dynasties in shaping the country’s industrial, social, and economic.
