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Hurun 2025: Ambanis lead India’s most valuable family businesses list, Anil Agarwal jumps 6 spots | Top 10
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3 min read | Updated on August 12, 2025, 14:28 IST
SUMMARY
Hurun India Most Valuable Family Businesses list 2025: Together, the top three are worth ₹40.4 lakh crore, equivalent to the GDP of the Philippines.
The Ambani family topped the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses list for the second year in a row.
The Ambani family has topped the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses list for the second consecutive year, with a valuation of ₹28.2 lakh crore, about one-twelfth of the country’s GDP.
Reliance Industries, founded in 1957 and led by Mukesh Ambani, operates in the energy, retail and digital sectors. RIL's consumer-facing businesses, Reliance Jio and Reliance Retail, now generate more than half of its operating profit.
The list, released on Tuesday, placed the Kumar Mangalam Birla family second with a valuation of ₹6.5 lakh crore, an increase of ₹1.1 lakh crore from last year.
The Jindal family entered the top three with a valuation of ₹5.7 lakh crore, up ₹1 lakh crore.
The Aditya Birla Group, helmed by fourth-generation leader Kumar Mangalam Birla, is a major player in the cement and related products sector. JSW Steel, headed by Sajjan Jindal, is one of India’s largest steel producers.
The combined value of the top three families stands at ₹40.4 lakh crore (USD 471 billion), up ₹4.6 lakh crore from last year, a sum roughly equivalent to the GDP of the Philippines.
The Bajaj family was ranked fourth with a valuation of ₹5.6 lakh crore, followed by the Mahindra family at ₹5.4 lakh crore, the Nadar family at ₹4.7 lakh crore, the Murugappa family at ₹2.9 lakh crore and the Premji family at ₹2.8 lakh crore.
Anil Agarwal and family made their debut in ninth place with ₹2.6 lakh crore, while the Dani, Choksi and Vakil families of Asian Paints took the tenth spot at ₹2.2 lakh crore.
The threshold to enter the top 10 this year rose by ₹18,700 crore, the report said, adding that energy, financial services and software remain the top wealth-generating sectors.
| Rank | Family Name | Person Heading | Flagship Company | Value (INR Cr) | Change | Industry |
|---|---|---|---|---|---|---|
| 1 | Ambani Family | Mukesh Ambani | Reliance Industries | 28,23,100 | 10% | Energy |
| 2 | Birla Family | Kumar Mangalam Birla | Aditya Birla Group | 6,47,700 | 20% | Cement & Cement Products |
| 3 | Jindal Family | Sajjan Jindal | JSW Steel | 5,70,900 | 21% | Metals & Mining |
| 4 | Bajaj Family | Sanjiv Bajaj | Bajaj Group | 5,64,200 | -21% | Financial Services |
| 5 | Mahindra Family | Anand Mahindra | Mahindra & Mahindra | 5,43,800 | 58% | Automobile & Auto Components |
| 6 | Nadar Family | Roshni Nadar Malhotra | HCL Technologies | 4,68,900 | 9% | Software & Services |
| 7 | Murugappa Family | Vellayan Subbiah | Cholamandalam Investment & Finance | 2,92,400 | 45% | Financial Services |
| 8 | Premji Family | Rishad Premji | Wipro | 2,78,600 | 8% | Software & Services |
| 9 | Anil Agarwal Family | Anil Agarwal | Hindustan Zinc | 2,55,000 | 79% | Metals & Mining |
| 10 | Dani, Choksi & Vakil Families | R. Seshasayee | Asian Paints | 2,20,900 | -19% | Chemicals & Petrochemicals |
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