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Hurun list: Ambanis most valuable among family businesses in India
The Ambani family is the most valuable family business in India with a worth of ₹25.75 lakh crore followed by Bajaj at ₹7.13 lakh crore.
The Ambani family has become the most valuable family business in the country with a worth of ₹25.75 lakh crore, the Barclays Private Clients Hurun India noted. The Bajaj family comes second most valuable family in the list at ₹7.13 lakh crore while Birlas come third at ₹5.39 lakh crore. The Adani family's value has been pegged at ₹15.44 lakh crore in the list, but being a first generation it does not feature in the main list.
Read more: Gautam Adani's family wealth shoots up 95% in one year, reaches ₹11.6 lakh crore: Hurun Rich List
Adanis top first-generation families
The Adani family is the richest first-generation family in India with active second-generation leaders, the list noted. Serum's Poonawalla family follows next with its business valued at ₹2.37 lakh crore.
How has the list been compiled
The report has a cut-off date of March 20 and the valuation excludes private investments and liquid assets. Anas Rahman Junaid, founder and chief researcher at Hurun India, said three-fourths of the family businesses saw growth in value when compared with last year.
Read more: Gautam Adani replaces Mukesh Ambani as the richest Indian on Hurun list
"The significant industry diversification of these family businesses demonstrates their essential role in maintaining and advancing long-term economic stability and growth in India," he said.
