Mukesh Ambani and the Ambani family have once again topped the 2025 Hurun India Most Valuable Family Businesses list, marking their second consecutive year at the summit. Their flagship enterprise, Reliance Industries Limited (RIL), is valued at a staggering ₹28.2 lakh crore—about one-twelfth of India’s GDP—cementing its position as the country’s most valuable family business.
Reliance, founded in 1957 by the late Dhirubhai Ambani, began as a textile and energy venture but has since evolved into a diversified powerhouse spanning energy, retail, and digital services. Today, under Mukesh Ambani’s leadership, the conglomerate is both a dominant player in India’s economy and a global business force.
In second place is the Aditya Birla Group, headed by Kumar Mangalam Birla, with a valuation of ₹6.5 lakh crore—up by ₹1.1 lakh crore from last year. The Birla empire, dating back to the 1850s, has a strong presence in cement, metals, and financial services.
The Jindal family, led by Sajjan Jindal through JSW Steel, claimed third with ₹5.7 lakh crore, driven by India’s infrastructure boom and demand for metals.
Other high-rankers include the Bajaj family (₹5.6 lakh crore) in financial services, the Mahindra family (₹5.4 lakh crore) with diverse interests from automobiles to IT, and the Nadar family (₹4.7 lakh crore) through HCL Technologies. The Murugappa family came in seventh, the Premji family eighth, the Agarwal family ninth, and the Dani-Choksi-Vakil families of Asian Paints rounded off the top 10.
One notable highlight from this year’s list is the entry of Anil Agarwal and family into the top 10 for the first time, climbing six spots with a valuation of ₹2.6 lakh crore. The threshold to make it into the elite 10 rose sharply to ₹2.2 lakh crore, showing the rapid growth and consolidation of wealth among India’s biggest family businesses.
Sectors such as energy, financial services, and software remain the strongest wealth generators, but the rankings also reflect a blend of long-standing family traditions with modern business strategies—proof that India’s corporate dynasties continue to adapt and thrive in a competitive global environment.
