The Ambanis topped the 2025 Hurun India Most Valuable Family Businesses list for the second consecutive year, with a valuation of ₹28.2 lakh crore i.e. about one-twelfth of India’s GDP.
The Kumar Mangalam Birla family rose to second place with a valuation of ₹6.5 lakh crore, up ₹1.1 lakh crore. The Jindal family entered the top three at ₹5.7 lakh crore, marking a ₹1 lakh crore gain.
The top three family businesses are valued at $471 billion (₹40.4 lakh crore), up ₹4.6 lakh crores, equivalent to the GDP of the Philippines.
With a value of ₹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 ₹18,700 crore, reaching ₹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 ₹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.
Birla family ranks second
The Kumar Mangalam Birla family ranks second in the list, with a value of ₹6.5 Lakh crore. 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.
Jindal family valued at ₹5.7 lakh cr
The Jindal family secured the third position in the list, with a value of ₹5.7 Lakh crore. Spearheaded by Sajjan Jindal, JSW Steel represents the group’s strong presence in the metals and mining industry. A second-generation business, the Jindals have built one of India’s largest steel producers, contributing significantly to India’s infrastructure and industrial growth.Bajaj, Murugappa and Mahindras also on the list
The Bajaj family ranked fourth on the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List with a valuation of ₹5.6 lakh crore, led by Sanjiv Bajaj and focused on financial services since its founding in 1926.
The Mahindra family placed fifth at ₹5.4 lakh crore, with Anand Mahindra steering its diversified portfolio in automobiles and beyond.
In sixth place, the Nadar family’s HCL Technologies, valued at ₹4.7 lakh crore, remains a key IT services player under Roshni Nadar Malhotra.
The Murugappa family ranked seventh at ₹2.9 lakh crore through its financial services arm, Cholamandalam Investment & Finance, led by Vellayan Subbiah.
The Premji family followed in eighth with Wipro at ₹2.8 lakh crore, headed by Rishad Premji.
The Anil Agarwal family debuted ninth at ₹2.6 lakh crore with Hindustan Zinc in metals and mining, while the Dani, Choksi, and Vakil families, represented by Asian Paints, closed the top 10 at ₹2.2 lakh crore under professional leadership by R. Seshasayee.
India’s top 10 richest families
(INR Cr)Value Change (%)Person Heading the BusinessIndustry1-Ambani FamilyReliance Industries28,23,10010%Mukesh AmbaniEnergy2↑Kumar Mangalam Birla FamilyAditya Birla Group6,47,70020%Kumar Mangalam Birla Cement & Cement Products3↑Jindal FamilyJSW Steel5,70,90021%Sajjan JindalMetals & Mining4↓Bajaj FamilyBajaj Group5,64,200-21%Sanjiv BajajFinancial Services5↑Mahindra FamilyMahindra & Mahindra5,43,80058%Anand Mahindra Automobile & Auto Components6↓Nadar FamilyHCL Technologies4,68,9009%Roshni Nadar MalhotraSoftware & Services7↑Murugappa FamilyCholamandalam Investment & Finance Company2,92,40045%Vellayan SubbiahFinancial Services8-Premji FamilyWipro2,78,6008%Rishad Premji Software & Services9*Anil Agarwal FamilyHindustan Zinc2,55,00079%Anil Agarwal Metals & Mining10↓Dani Family, Choksi Family, and Vakil FamilyAsian Paints2,20,900-19%R Seshasayee^Chemicals & Petrochemicals
