Mumbai home to 65 of India’s 200 wealthiest family businesses: Barclays India Report

According to the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses Rankings released on Thursday, there are 200 second-generation family-owned businesses across 30 cities in India with minimum value of ₹2,700 crore. Mumbai hosts 65 of these families, followed by Kolkata with 17 and New Delhi with 15. The 65 families in Mumbai have a combined valuation of ₹67,33,900 crore. 

At the top of this financial leaderboard is the Ambani family, led by Mukesh Ambani, with an impressive ₹25.8 lakh crore. Hot on their heels is the Bajaj family, valued at ₹7.1 lakh crore, and taking the bronze is the Birla family, guided by Kumar Mangalam Birla, with ₹5.4 lakh crore.

Moreover, the combined net worth of India’s top three richest families is a staggering $460 billion— at par with Singapore’s GDP.

The list of first-generation entrepreneurs is led by the Adani family, valued at ₹15.4 lakh crore, followed by the Poonawalla family, who manage the Serum Institute of India, valued at ₹2.4 lakh crore. The Divi family, overseeing Divi’s Laboratories, ranks third with a valuation of ₹91,200 crore.