The 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List has announced the country’s leading first-generation businessmen. The Adani family has secured the top position for the second time in a row. They are among the top 20 most valuable first-generation Indian family businesses, with a total worth of Rs. 14 lakh crore.
The valuation is the collective worth of Adani Enterprises, Adani Ports, and other group companies led by Gautam Adani. This makes it the country’s most valuable first-generation business.
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The second place is obtained by the Poonawalla family, led by Cyrus Poonawalla, which manages the Serum Institute of India. Their businesses are worth Rs.. 2.3 lakh crore. Murali K. Devi of the Devi family follows with a pharmaceutical firm, Divi Laboratories, with a total worth of Rs. 1.8 lakh crore.
The top three businesses are valued at $471 billion (Rs. 40.4 lakh crore), marking a major spike from Rs. 4.6 lakh crore from last year, a figure that is equivalent to the GDP of the Philippines.
The list also showcases some new names like The Nuwal family (Solar Industries) valued at Rs. 1.6 lakh crore. The Reddy family (Apollo Hospitals) is valued at Rs. 1 lakh crore. The Grandhi family made the cut with GMS, valued at Rs. 98,000 crore.
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Building Future Legacies
These businesses are not multi-generational but represent the forefront of Indian entrepreneurship. Many of them are getting ready for a smooth transition to the next generation.
The list highlights the revolutionary leaders and founders who built vast empires within a single generation.
