Ambanis lead 2025 Hurun India Most Valuable Family Businesses list with valuation near one-twelfth of India’s GDP

The Ambanis topped the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses list for the second consecutive year, with a valuation of Rs 28.2 lakh crore i.e. about one-twelfth of India’s GDP.

The Bajaj family has retained the second position on the list with a total valuation of ₹8 lakh crore, marking an increase of ₹89,990 crore. Following closely, the Kumar Mangalam Birla family continues to hold the third spot with a valuation of ₹6.5 lakh crore, up by ₹1.1 lakh crore. The Jindal family also retained its fourth-place ranking with a total value of ₹5.7 lakh crore, reflecting a growth of ₹1 lakh crore.

The top three family businesses are valued at USD 499 bn (INR 42.7 lakh crore), up INR 4.5 lakh crores, equivalent to the GDP of the Philippines.


With a value of Rs 2.6 lakh crore, Anil Agarwal and family climbed six spots to break into the top 10. The threshold to enter the top 10 increased by Rs 18,700 crore, reaching Rs 2.2 lakh crore.

Energy, financial services, and software remain the dominant wealth-creating industries across India’s most valuable family businesses.

Ambanis at the top

The Ambani family ranks first in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List, with a value of Rs 28.2 Lakh crore. Headed by Mukesh Ambani, Reliance Industries operates in the energy sector. The business, founded in 1957, is currently managed by the second generation. The Ambani family's leadership continues to shape India's industrial landscape, with Reliance playing a pivotal role in sectors such as energy, retail, and digital services, as per Hurun.

Bajaj family ranks second

The Bajaj family ranks second in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List,
with a value of INR 8 Lakh Cr. Led by Sanjiv Bajaj, the business focuses on financial services. Established in 1926 and
currently run by the fourth generation, the Bajaj Group continues to expand its footprint in India’s financial ecosystem
through innovation and strategic diversification.

Kumar Mangalam Birla family at third

The Kumar Mangalam Birla family ranks third in the 2025 Barclays Private Clients Hurun India Most Valuable Family
Businesses List, with a value of INR 6.5 Lakh Cr. Led by Kumar Mangalam Birla, the Aditya Birla Group is a major player
in the cement and cement products industry. Now run by the fourth generation, the business traces its origins back to
the 1850s. The family's longstanding legacy of industrial leadership reflects a deep-rooted commitment to innovation
and expansion across global markets.

Nadar family, Murugappas and Mahindras also on the list

The Mahindra family holds the fifth spot in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List with a valuation of ₹5.4 lakh crore. Led by Anand Mahindra, the third-generation entrepreneur, the Mahindra Group is a diversified conglomerate known for its strong presence in automobiles and auto components. Ranked sixth, the Nadar family’s HCL Technologies, led by Roshni Nadar Malhotra, is valued at ₹4.7 lakh crore and stands as one of India’s top IT services firms with a global footprint. In seventh place, the Murugappa family, valued at ₹2.9 lakh crore, runs a legacy business through Cholamandalam Investment & Finance, maintaining a reputation for prudence and trust. The Premji family takes the eighth spot with a valuation of ₹2.8 lakh crore, with Rishad Premji at the helm of Wipro, a global software and services leader that has helped shape India’s IT narrative since 1945.

India's top 10 richest families

Rank	Family name	Flagship Company	Value (INR Cr)	Value Change (%)	Person Heading the Business	Industry
1-	Ambani Family	Reliance Industries	28,23,100	10%	Mukesh Ambani	Energy
2-	Bajaj Family	Bajaj Group	802,000	13%	Sanjiv Bajaj	Financial Services
3-	Kumar Mangalam Birla Family	Aditya Birla Group	6,47,700	20%	Kumar Mangalam Birla	Cement & Cement Products
4-	Jindal Family	JSW Steel	5,70,900	21%	Sajjan Jindal	Metals & Mining
5↑	Mahindra Family	Mahindra & Mahindra	5,43,800	58%	Anand Mahindra	Automobile & Auto Components
6↓	Nadar Family	HCL Technologies	4,68,900	9%	Roshni Nadar Malhotra	Software & Services
7↑	Murugappa Family	Cholamandalam Investment & Finance Company	2,92,400	45%	Vellayan Subbiah	Financial Services
8-	Premji Family	Wipro	2,78,600	8%	Rishad Premji	Software & Services
9*	Anil Agarwal Family	Hindustan Zinc	2,55,000	79%	Anil Agarwal	Metals & Mining
10↓	Dani Family, Choksi Family, and Vakil Family	Asian Paints	2,20,900	-19%	R Seshasayee^	Chemicals & Petrochemicals