India’s Billionaire Dynasties: Ambanis Lead the 2025 Family Business Power List

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5 Key Takeaways

• The Ambani family topped the 2025 Hurun India Most Valuable Family Businesses list for the second year, with a valuation of ₹28.2 lakh crore (about one-twelfth of India’s GDP).
• Kumar Mangalam Birla family rose to second place at ₹6.5 lakh crore, while the Jindal family entered the top three with ₹5.7 lakh crore.
• The combined value of the top three family businesses is ₹40.4 lakh crore ($471 billion), equivalent to the GDP of the Philippines.
• Anil Agarwal and family climbed six spots to enter the top 10, as the threshold for the top 10 increased to ₹2.2 lakh crore.
• Energy, financial services, and software remain the dominant wealth-creating industries among India’s most valuable family businesses.

India’s Richest Family Businesses in 2025: Ambanis Still on Top!
Ever wondered which Indian families run the country’s biggest businesses? The 2025 Hurun India Most Valuable Family Businesses list is out, and it’s packed with some familiar names—plus a few surprises. Let’s break it down in simple terms.
Ambanis: The Unbeatable Leaders
For the second year in a row, the Ambani family tops the list. Their business empire, Reliance Industries, is valued at a jaw-dropping ₹28.2 lakh crore. To put that in perspective, that’s about one-twelfth of India’s entire GDP! Mukesh Ambani leads the family, and their company is a giant in energy, retail, and digital services. Started in 1957, Reliance is now run by the second generation and continues to shape India’s economy in a big way.
Birlas and Jindals: Climbing Up
The Kumar Mangalam Birla family has moved up to second place, with their Aditya Birla Group now worth ₹6.5 lakh crore. Their roots go back to the 1850s, and today, they’re a major force in cement and other industries. The Jindal family, led by Sajjan Jindal, has jumped into the top three for the first time. Their company, JSW Steel, is valued at ₹5.7 lakh crore and is a key player in metals and mining.
Other Big Names in the Top 10

Bajaj Family: Ranked fourth, their group is worth ₹5.6 lakh crore, mainly in financial services.
Mahindra Family: In fifth place with ₹5.4 lakh crore, they’re known for cars, tractors, and more.
Nadar Family: HCL Technologies, led by Roshni Nadar Malhotra, is valued at ₹4.7 lakh crore and is a big name in IT.
Murugappa Family: Their financial services company is worth ₹2.9 lakh crore.
Premji Family: Wipro, led by Rishad Premji, is valued at ₹2.8 lakh crore.
Anil Agarwal Family: New to the top 10, their metals and mining business is worth ₹2.6 lakh crore.
Dani, Choksi, and Vakil Families: They run Asian Paints, valued at ₹2.2 lakh crore.

What’s Driving Their Wealth?
Most of these families have built their fortunes in energy, finance, software, metals, and manufacturing. The combined value of the top three families alone is about $471 billion—almost as much as the entire economy of the Philippines!
Why Does This Matter?
These family businesses aren’t just about money—they create jobs, drive innovation, and help India grow. Their stories show how generations can build on each other’s success, turning small companies into global giants.
So, next time you see a Reliance store, a Mahindra SUV, or use HCL’s tech, remember: you’re witnessing the legacy of India’s most powerful business families!

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