Ambanis & Birlas top Hurun India Most Valuable Family Business list; here's why Adanis failed to make the cut

Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani's conglomerate was not part of the list.

The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list followed by Niraj Bajaj-led Bajaj Family (Rs 7,12,700 crore) and Kumar Mangalam Birla family (Rs 5,38,500 crore). However, the Adani-led energy conglomerate, with a value of Rs 15,44,500 crore did not feature in the top 10, as it is a first-generation family business.

"2024 Barclays Private Clients Hurun India Most Valuable Family Businesses does not include the first-generation families. In the case of first-generation families, Adani family leads among families founded by first-generation entrepreneurs, who are supported by their next generation," the company said in a press release.


Among other first-generation families' list, Cyrus Poonawalla-led Poonawalla Family featured second with a value of Rs 2,37,100 crore while Divi Family and Reddy Family followed with a value of Rs 91,200 crore and Rs 88,800 crore each.

These details were revealed as part of the inaugural 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses report. To qualify for inclusion on the list, a next-generation member of the founding family must be actively involved in managing the business or serving on its board. This requirement underscores the crucial role that family businesses play in the Indian economy, driving growth and stability.

The methodology for valuation excludes private investments and liquid assets, and it adjusts for cross holdings to prevent double counting, the organisation said.

(More to come)