Adanis lead Hurun's most valuable first generation family businesses in India, Poonawallas follow
first generation family businesses
in India, as per the
Hurun India Most Valuable Family Businesses List
. The list of includes first generation entrepreneurs who have created exceptional business empires, and are now supported by their next generation.
Adani family, led by
Gautam Adani
tops the list with a combined valuation of Rs 14 lakh crore through
Adani Enterprises
, Adani Ports, and other group companies. It is India's most valuable first-generation business.
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Following Adani is the
Poonawalla family
, led by Cyrus Poonawalla, whose
Serum Institute of India
is valued at Rs 2.3 lakh crore. Murali K. Divi of the Divi family, whose pharmaceutical firm Divi's Laboratories is valued at Rs 1.8 lakh crore is third.
The list has families from varied sectors, including pharmaceuticals and healthcare to energy, infrastructure, jewellery, and real estate.
Other entrants in the list include Nuwal family (Rs 1.6 lakh crore, Solar Industries), the Reddy family (INR 1 lakh crore, Apollo Hospitals), and the Grandhi family (INR 98,300 crore, GMR).
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Although not yet qualifying as multi-generational, these families represent the forefront of Indian entrepreneurship and are poised to transition into legacy-led enterprises with their successors already contributing to business growth and governance.
Top 20 Most Valuable First-Generation Family Businesses
Rank
Family Name
Flagship Company
Value
(INR Cr)
Founder
Industry
1
Adani Family
Adani Enterprise
14,01,100
Gautam Adani
Energy
2
Poonawalla Family
Serum Institute of India
2,28,000
Cyrus Poonawalla
Pharmaceuticals
3
Divi Family
Divi's Laboratories
1,80,900
Murali K. Divi
Pharmaceuticals
4
Nuwal Family
Solar Industries India
1,59,200
Satyanarayan Nandlal Nuwal
Chemicals & Petrochemicals
5
Reddy Family
Apollo Hospitals Enterprise
1,04,200
Prathap C. Reddy
Healthcare
6
Grandhi Family
GMR
98,300
Grandhi Mallikarjuna Rao
Construction & Engineering
7
Reddy family
Megha Engineering & Infrastructures
85,300
P.P. Reddy
Construction & Engineering
8
Chudgar Family
Intas Pharmaceuticals
58,900
Hasmukh Chudgar
Pharmaceuticals
9
Kalyanaraman Family
Kalyan Jewellers India
57,400
T.S. Kalyanaraman
Jewellery
10
Shetty Family
Narayana Hrudayalaya
44,400
Devi Shetty
Healthcare
11
Engineer Family
Astral
40,500
Sandeep Engineer
Industrial Products
12
Patel Family
Nirma
35,300
Karsanbhai Patel
FMCG
13
Hiranandani Family
Hiranandani Communities
33,000
Niranjan Hiranandani
Real Estate
14
Agarwal Family
Shyam Metalics & Energy
32,900
Mahabir Prasad Agarwal
Metals & Mining
15
Agarwal Family
Ajanta Pharma
32,200
Mannalal, Purushottam, and Madhusudan Agrawal
Pharmaceuticals
16
Moopen Family
DM Healthcare
30,900
Azad Moopen
Healthcare
17
Munot Family
Kalpataru
29,600
Mofatraj P. Munot
Real Estate
18
Khorakiwala Family
Wockhardt
27,900
Habil F Khorakiwala
Pharmaceuticals
19
Shankar Family
Brigade Enterprises
27,200
Mysore Ramachandrasetty Jaishankar
Real Estate
20
Bollineni Family
Krishna Institute of Medical Sciences
27,000
Bhaskara Rao Bollineni
Healthcare
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