It is a fact that some of the biggest businesses and companies out there in India are family-owned businesses, so hate it or like it, that’s how it is. But these family businesses seem to be doing a good job, not just for the economy of the country as a whole, but for the general public as well. They provide hundreds and thousands of job positions and are also involved in offering various high-quality products as well as services. So, if you want to know what are the names involved in such a list then keep on reading this post where we will share the top 10 biggest family businesses in India as of 2024. Alright, here we go then.

1. Ambani Family (Reliance Industries)

The Ambani family is always all over the news and tops the list, with Reliance Industries’ robust valuation of a staggering ₹25.75 lakh crore. Just so you know, Dhirubhai Ambani started the company with textiles, but today, Reliance has evolved into a conglomerate whose business stretches from energy and petrochemicals to telecommunications and retail, you know? Later on though, certainly, the spearheading of Mukesh Ambani led Reliance to take more than half of India’s population into the digital world with Jio, and now Mukesh Ambani’s children: Akash, Isha, and Anant, have assumed more visible roles as the next generation of leadership and the family business.

2. Bajaj Family (Bajaj Group)

In second place is the Bajaj family whose business today is valued at ₹7.13 lakh crore. Without a doubt, they are widely recognized for changing the face of the automobile industry with Bajaj Auto and can trace their lineage back to 1926 when Jamnalal Bajaj founded the company, you know? Today, Bajaj is linked to the two and three-wheelers not only in India but worldwide. The Bajaj family is looking forward to expanding even further, where Niraj Bajaj still holds the command, but yes, the third generation is coming up in the business scene, so we can hope for something good.

3. Birla Family (Aditya Birla Group)

The third spot for the largest family empires in India belongs to the Birla family whose empire is now valued at ₹5.39 lakh crores. Going back to 1857 when they first traded in textiles, the group progressed through metal, cement, and the textile and chemical sectors. After Kumar Mangalam Birla assumed the leadership of the group its materialization was marked by the entry into various overseas markets with flagship companies like Hindalco and Grasim that came first, did you know that already?

4. Jindal Family (JSW Steel)

JSW Steel headed by Sajjan Jindal stands in fourth place on this list with its value coming to ₹4.71 lakh crore, which is kinda mind-boggling. This very steel company first started off by Om Prakash Jindal, JSW has diversified into sectors such as energy and cement as well as of 2024. The innovative and sustainable strategies of Jindal, and Sajjan, are the main focus that has supported JSW Steel to reach global scales, that’s what we are pretty certain of.

5. Nadar Family (HCL Technologies)

Next, we have the Nadar family who are the fifth on the list, through their HCL Technologies, its value reaches up to ₹4.30 lakh crore. The 1976 birth of HCL, through the hands of Shiv Nadar, was a turning point from hardware manufacturing into a global IT service giant, you know? And right now, leading the company is the youngest female at the top position in the IT sector, Roshni Nadar. She emphasized, with the support of IndiaTech, the future of this company that also succeeded in making a global presence across 50 countries by looking towards AI and Cloud Computing together with some other unique technologies.

6. Mahindra Family (Mahindra & Mahindra)

After acquiring a valuation of ₹3.45 lakh crore, the Mahindra family had to be in sixth place on this list today. Mahindra was a part of the automotive and agricultural staff that began in 1945 with the trading of steel. Today, in the Indian car industry, there are a lot of people who know that Mahindra is one of the most popular SUV & tractor producers for that same reason.

7. Dani, Choksi & Vakil Families (Asian Paints)

Coming in at number seven is Asian Paints owned by Dani, Choksi & Vakil Families, and has a crazy high valuation of ₹2.71 lakh crore. The company, which was established in 1942, took no time to become the leader among the Indian paints. Even when external leadership is present, the founding families, Dani, Choksi, and Vakil maintain a significant amount of control, that’s for sure.

8. Premji Family (Wipro)

At number eight is Wipro, of which the Premji family is in charge; it has a market cap of ₹2.57 lakh crore. Just so you know, Wipro was initially founded by Azim Premji, the father of the current chairman, as a business in the oil extraction sector. Later on, though, Wipro shifted its focus to providing IT services and consulting under his leadership. The company is now run by his son Rishad, who has opened it up to the world as a provider of artificial intelligence technologies, you know?

9. Rajiv Singh Family (DLF)

The Rajiv Singh family’s DLF is the next one in the line with a value of ₹2.04 lakh crore. DLF, which came into existence in 1946, is not only credited for but also a major player in bringing a transformation in the Indian real estate market. Overall, Rajiv Singh’s leadership has come through a couple of difficult situations, but DLF is still a top player in the residential, commercial, and retail real estate development industries.

10. Murugappa Family (Tube Investments of India)

The Murugappa family which is the last on the list, has a business worth ₹2.02 lakh crore, can you even believe that? This business which is valued at ₹2.02 lakh crore was founded in the year 1900 by A.M. Murugappa Chettiar. The group which was originally specializing in offering banking and money-lending services later moved into other sectors like cycles, auto components, and financial services.

Conclusion

The list doesn’t just end there, it is a long list of family-owned businesses in India, but these are by far the biggest ones out there that practically rule many particular segments in the Indian market. So, that’s pretty much it for today.