Most Valuable Family Businesses in India – Ambanis on Top, the Ambani family has secured the top position in India’s most valuable family businesses list. Further down the list are the Bajaj family, the Kumar Mangalam Birla family, the Jindal family, the Nadar family, the Mahindra family, the Dani, Choksi, and Vakil family, the Premji family (Wipro), the Rajiv Singh family (DLF), and the Murugappa family.
Ambani Family
Top of the list with an incredible net worth of Rs 25.75 lakh crore is the Ambani family, headed by Mukesh Ambani. According to market capitalization and revenue, the family’s company, Reliance Industries Limited (RIL), is India’s biggest publicly traded corporation. Initially founded as a small textile company in 1973, RIL has grown into a multinational conglomerate encompassing a variety of industries, such as retail, petrochemicals, refining, oil and gas exploration, and telecommunications.Â
Bajaj Family
The Bajaj family is the second wealthiest family on the list, with a net worth of Rs 7.13 lakh crore. The business empire of the Bajaj family was established in 1926 by Jamnalal Bajaj. The main business, Bajaj Auto, is a well-known worldwide leader in the two- and three-wheeler industries. Over the years, the Bajaj Group has greatly expanded its diversification, entering the financial services industry via Bajaj Finserv.
Kumar Manglam Birla Family
Indian billionaire industrialist and philanthropist Kumar Mangalam Birla is the chairman of the Aditya Birla Group, one of the country’s biggest conglomerates. Kumar Manglam Birla Family net worth is Rs. 5.39 lakh crore All of the major Group companies in India and around the world, such as Aditya Birla Chemicals, Domsjö Fabriker, Aditya Birla Fashion and Retail Ltd., Aditya Birla Capital Ltd., Hindalco Industries Ltd., Grasim Industries Ltd., and Terrace Bay Pulp Mill, have boards that Birla chairs.
Jindal Family
The Jindal family, led by Sajjan Jindal, comes in fourth place with ₹4.71 lakh crore in valuation. This is a second-generation company that caters mainly to the mining and metals industry. It is their tenacity and strategic vision that has made this huge difference in India’s industrial sector. The contribution to mining and metals, therefore, speaks for itself through the commitment to innovation and long-term growth, with a structural effect on the makeup of the national economy.
Nadar Family
Founded in 1991 and now run by the second generation, the company is located in Noida. Under the leadership of Roshni Nadar Malhotra, the Nadar family’s business succeeds in the software and services sector. Their significant impact on India’s technology industry is shown through their strong and lasting market presence.
Mahindra Family
The Mahindra Family is the 6th Indian multinational conglomerate in Mumbai with a net worth of Rs.3.45 Lakh crore. Mumbai, Maharashtra is home to the Indian automaker Mahindra & Mahindra. It was first founded in 1945 under the name Mahindra & Mohammed and subsequently changed to Mahindra & Mahindra. As a division of the Mahindra Group, M&M is among India’s top car producers in terms of output.
Dani, Choksi, and Vakil Family (Asian Paints)
The Dani, Choksi & Vakil family’s business is managed by R. Seshasayee, who is not a family member. Their business focuses on the chemicals and petrochemicals industry. The family’s prominence reflects their significant contributions to India’s chemical sector.
Premji Family (Wipro)
Led by Rishad Premji, their business is rooted in the software and services sector. Established in 1945, The family’s Wipro started in 1945 by making cooking oil and is now managed by the third generation, the company is based in Bengaluru. Wipro is recognized as a global leader in sustainability for its social and environmental initiatives across all countries and its operational footprint.
Rajiv Singh Family (DLF)
Rajiv Singh, from the third generation of the family, manages their real estate operations. Founded in 1946, the family’s long-standing legacy has greatly impacted urban development in India. Their commitment to quality and innovation has established them as key players in the real estate industry.
Murugappa Family (Tube Investments of India)
Under M.A.M. Arunachalam’s leadership, the company is a major player in the automobile and auto components sector. Founded in 1900 and now managed by the third generation, the company is based in Chennai. The Murugappa family controls the Murugappa Group, a $9 billion conglomerate initially established in Myanmar as a money-lending firm. The group operates 29 businesses, including nine listed companies that produce abrasives, auto components, bicycles, fertilizers, and sugar. M.M. Murugappan, a fourth-generation family member, serves as chairman of CUMI and Chola MS General Insurance.
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