‘India’s 3 richest households collectively value Singapore GDP’

MUMBAI: At $460 billion, enterprise pursuits of the nation’s three wealthiest households’ put collectively are value as a lot as Singapore’s GDP.
With Rs 25.8 lakh crore ($309 billion), Ambani household ranks first within the Barclays Non-public Purchasers Hurun India most beneficial household companies listing. They’re adopted by the Bajaj household, headed by Niraj Bajaj, which comes second with Rs 7.1 lakh crore, whereas the Kumar Mangalam Birla-headed Birla familt ranks third with Rs 5.4 lakh crore.

The listing doesn’t embody Adani household as they’re first-generation entrepreneurs. The primary-generation entrepreneurs listing is led by Adanis — their enterprise pursuits are valued at Rs 15.4 lakh crore, adopted by Poonawalla household, who handle the Serum Institute of India, valued at Rs 2.4 lakh crore. The Divi household, overseeing Divi’s Laboratories, stands third with a valuation of Rs 91,200 crore.
Enterprise households within the 2024 listing management a complete worth of $1.3 trillion, exceeding the mixed GDP of Switzerland and the UAE. To qualify for the listing, a household enterprise will need to have a minimal worth of Rs 2,700 crore. In whole, 124 households on the listing have a internet value of at the least $1 billion.
By way of share worth development since inheritance, the Benu Bangur household leads with a 571-fold improve, adopted by the Taparia household with a 387-fold development, and the Dharmpal Agarwal household with a 316-fold rise. Moreover, 75% of the businesses on the listing are publicly traded.
Haldiram Snacks is essentially the most precious unlisted firm in India, with a valuation of Rs 63,000 crore. The listing additionally notes that 15 corporations are led by ladies, whereas 53 are managed by skilled CEOs. Of the businesses featured, 85% promote bodily merchandise, with 53% being consumer-facing and 47% centered on B2B companies.
The Gadgil household, with their six-generation-old jewelry enterprise PN Gadgil & Sons valued at Rs 3,900 crore, and the Wadia Group, led by Nusli Wadia and valued at Rs 1,28,900 crore, prime the listing of long-standing household companies. The Burman household, with their FMCG firm Dabur India, and the Shriram household, who established DCM Shriram, have each been in enterprise for 5 generations.