Latest news with #BarclaysPrivateClients
Business Standard
a day ago
- Business
- Business Standard
Platinum Industries Joins 2025 Barclays Hurun India List of Most Valuable Family Businesses
VMPL Mumbai (Maharashtra) [India], August 18: Platinum Industries Ltd., one of India's most respected family-run manufacturers in the chemical manufacturing sector, is proud to announce its inclusion in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List. This marks the first time Platinum has been featured on this prestigious platform, which honours the nation's most valuable family enterprises. The annual list, now expanded to 300 families with 100 new entrants this year, showcases the strength and influence of Indian family businesses. Together, these companies control an astounding USD 1.6 trillion (INR 134 lakh crore) in value, a figure that exceeds the combined GDP of Turkey and Finland and generated INR 7,100 crore in value every day over the past year. Speaking on the achievement, Mr. Krishna Dushyant Rana, Chairman & Managing Director, Platinum Industries, said, "Being featured on the 2025 Hurun India list of most valuable family businesses for the first time is a proud moment for Platinum Industries. Parul Rana and I have strived to ensure that our growth is not just measured in numbers, but in the values, we uphold and the trust we build. This recognition reaffirms our belief that family-led enterprises can build global-scale businesses by staying true to their core values while embracing innovation, and building a legacy that future generations will be proud of." Founded in 1984 by Mr. Dushyant Rana as a trading business, Platinum Industries entered a new era in 2016 under the leadership of Chairman and Managing Director Krishna Dushyant Rana. The strategic pivot from trading to manufacturing that year positioned the company for rapid growth, making it one of the largest PVC stabilizer players in India by sales, as reported by CRISIL. The company's trajectory since then has been marked by a series of significant milestones. In its first year under the new leadership, Platinum Industries introduced lead-free stabilizers, a move that not only addressed growing environmental concerns but also set new industry benchmarks for sustainability and health safety. This development played a crucial role in shaping market standards and enhancing customer preferences towards safer and more sustainable products. The establishment of a full-fledged R & D centre in Palghar in 2019, staffed with global talent, further strengthened its product innovation and technical excellence. In 2022, Platinum Industries' strategic roadmap for global dominance took form when it acquired land for a new stabilizer plant in the Suez Canal Economic Zone (SCZONE) in Egypt. This facility, projected to have a capacity of 60,000 TPA, is designed to meet growing international demands, significantly enhancing the company's logistical efficiencies and market penetration. In 2024, Platinum Industries became one of the first in its sector to list publicly, with an IPO valued at USD 120 million that was oversubscribed by about 100 times; a resounding vote of market confidence. Building on its vision, Platinum Industries has delivered exceptional growth in a remarkably short span through a sharp focus on innovation and strategic expansion. Under the strategic leadership of Krishna Dushyant Rana and the brand-building expertise of Director Parul Krishna Rana, the company continues to successfully combined innovation, quality, and sustainability to set new benchmarks in the industry. This recognition by Hurun stands as a testament to Platinum's evolution from a strong family-led foundation to a globally competitive force in the PVC and CPVC additives sector.
India.com
12-08-2025
- Business
- India.com
India's top 3 richest families are bigger than Pakistan's GDP, first one is Mukesh Ambani and family, other two are…
The Ambani family is the richest in India, with the total value of the Reliance Industries promoter family's business at Rs 28.2 lakh crore about one-twelfth of India's GDP. The family holds the top position in 2025 Hurun India Most Valuable Family Business list. Who Are After Mukesh Ambani & Family? In this year's list, the Kumar Mangalam Birla family ranks second, with their business value rising by Rs 1.1 lakh crore to Rs 6.5 lakh crore. The Jindal family is at third with Rs 5.7 lakh crore, up by Rs 1 lakh crore from last year. The combined business value of India's top three families is $471 billion (Rs 40.4 lakh crore) which is higher than Pakistan's GDP (around $400 billion) and matches with the GDP of the Philippines. Who Is In Hurun India Most Valuable Family Business List ? Most of India's richest families are from industries like energy, financial services, and software sectors that lead in value creation. In the Barclays Private Clients Hurun India Most Valuable Family Business List 2025 . The Bajaj family ranks fourth with Rs 5.6 lakh crore, led by Sanjiv Bajaj. This family has been active in financial services since 1926. The Mahindra family, headed by Anand Mahindra, holds fifth place with Rs 5.4 lakh crore, which operates in automobiles and other sectors. The Nadar family is sixth with Rs 4.7 lakh crore, led by Roshni Nadar Malhotra, chairperson of HCL Technologies, a major IT services company. In seventh place is the Murugappa family with Rs 2.9 lakh crore, led by Vellayan Subbiah, who heads their financial services arm, Cholamandalam Investment and Finance. The Premji family ranks eighth with Rs 2.8 lakh crore, led by Rishad Premji of IT giant Wipro. The Agarwal family, headed by Anil Agarwal, is ninth with Rs 2.6 lakh crore, with interests in metals and mining through Hindustan Zinc. In tenth place are the Dani, Choksi, and Vakil families, owners of Asian Paints, with a valuation of Rs 2.2 lakh crore.
Mint
12-08-2025
- Business
- Mint
From Mumbai to mini-metros: India's most valuable family businesses spread their wings
Mumbai remains the undisputed favourite for housing the headquarters of India's most valuable family businesses, hosting 91 companies this year—a sharp rise from 65 last year, according to the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List, jointly released by Barclays Private Clients and Hurun India. But Tier 2 cities are grabbing attention as they steadily step into the spotlight, the report noted. Vadodara has six companies, while Coimbatore, Nagpur and Ludhiana each have four. These hubs host some of India's well-known family-run names, including Inox India, Elgi Equipments, Sunflag Iron & Steel and Vardhman Textiles. Reliance Industries, valued at ₹28.2 trillion and helmed by the Ambani family, firmly cements Mumbai's top spot. Among Tier 1 cities, the NCR comes second with 62 companies spread across New Delhi, Gurugram, Noida, Faridabad, Ghaziabad and Manesar—led by the Nadar family's HCL Technologies, worth ₹6.5 trillion. Kolkata follows with 25 companies, trailed by Pune (21) and Chennai (17). Meanwhile, Ahmedabad, Bengaluru and Hyderabad each host 10 companies, underscoring the wide and robust footprint of family-run enterprises across India's urban hubs. The list also highlights standout first-generation entrepreneurs now joined by their next-generation leaders. Topping the list is the Adani family, worth ₹14 trillion through Adani Enterprises, Adani Ports and more. They're followed by the Poonawalla family ( ₹2.3 trillion, Serum Institute), Murali K. Divi's family ( ₹1.8 trillion, Divi's Laboratories), the Nuwals ( ₹1.6 trillion, Solar Industries), the Reddys ( ₹1 trillion, Apollo Hospitals) and the Grandhis ( ₹98,300 crore, GMR). That said, 76% of India's most valuable family businesses are now led by second-generation leaders, marking a strong phase of intergenerational wealth transfer. Another 17% are run by third-generation heirs, highlighting families that have sustained their businesses across three economic cycles. Generational wealth transfer Nitin Singh, head of Barclays Private Bank, Asia Pacific, said, 'This year's findings reveal an unprecedented ₹130 trillion in wealth expected to transfer across generations over the next five years, and a record 71 families now operating dedicated family offices, underscoring the focus on structured wealth management." Family offices in India have skyrocketed from 45 in 2018 to 300 in 2024, driven by the need to preserve wealth, improve governance, and ensure smooth succession. Beyond managing assets, they handle tax-efficient estate planning, align philanthropy with family values and secure legacies through encrypted digital vaults. A report in June by Julius Baer and EY noted that family offices are increasingly partnering with foreign counterparts and funnelling capital into portfolio management schemes (PMS) and alternative investment funds (AIFs). For many, growth assets now make up more than half of their allocation, with startups, AIFs, private credit, and private equity/venture capital (PE/VC) offering high returns, diversification, and exposure to emerging sectors. Real estate avenues such as real estate investment trusts (REITs) and Infrastructure investment trusts (InvITs) are also being tapped for added diversification. The Barclays Private Clients and Hurun India report noted that the top 10 families are now worth ₹66.7 trillion, up from ₹59.5 trillion last year, underscoring the sustained growth of family-led enterprises. According to UBS's Global Family Office Report 2025, a global trade war was already ranked as the year's top investment risk even before the US tariff announcement. 'Looking forward five years, family offices are concerned about what risks might follow, especially major geopolitical conflict, a global recession or a debt crisis. To protect portfolios, they're looking to diversify through strategies such as manager selection and/or active management, hedge funds and increasingly precious metals," the UBS report said. The report noted that despite macroeconomic and geopolitical uncertainties, family offices raised their developed market equity allocations to 26% in 2024 from 24% in 2023, with those planning changes aiming to lift them further to 29%. PE partnership Another interesting observation from the report is that private equity has moved past merely knocking on the doors of India's family businesses. It now has a seat at the boardroom table. 'From billion-dollar stakes in icons like Haldiram's to transformative healthcare investments in Meril, private equity is reshaping India's family-run enterprises at every scale. In the past year alone, global investors such as Temasek, Bain Capital, ChrysCapital, Multiples—and sovereign wealth giants like ADIA (Abu Dhabi Investment Authority) with their $200 million investment in Meril—have partnered with promoters to unlock expansion, professionalise governance, and bridge succession transitions," Anas Rahman Junaid, founder and chief researcher of Hurun India, said. According to market participants, growth and late-stage private equity funds delivered better returns than early-stage ones, thanks to quicker liquidity and faster reinvestment. For family offices, investing in mature, exit-ready companies often means higher returns and more capital flowing back to investors.
&w=3840&q=100)
Business Standard
12-08-2025
- Business
- Business Standard
Reliance tops Hurun list of India's most valuable family businesses
Mukesh Ambani-led Reliance Industries, valued at ₹28.23 trillion — about a twelfth of India's GDP — is India's most valuable family business. The Adani family, worth ₹14 trillion, leads among first-generation family firms, according to the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List. The 300 families on the list paid ₹1.8 trillion in taxes in FY25, accounting for 15 per cent of India's corporate tax collections. Together, they are worth ₹134 trillion — more than the combined GDP of Turkey and Finland — and generated ₹7,100 crore in value daily. Around 120 families, spanning Arvind's denim, Bharat Forge's truck axles, and Meril's medical devices, risk billions in export revenue over the next year amid US tariffs.
Time of India
12-08-2025
- Business
- Time of India
Ambanis lead 2025 Hurun India Most Valuable Family Businesses list with valuation near one-twelfth of India's GDP
The Ambanis topped the 2025 Hurun India Most Valuable Family Businesses list for the second consecutive year, with a valuation of ₹28.2 lakh crore i.e. about one-twelfth of India's GDP. The Kumar Mangalam Birla family rose to second place with a valuation of ₹6.5 lakh crore, up ₹1.1 lakh crore. The Jindal family entered the top three at ₹5.7 lakh crore, marking a ₹1 lakh crore gain. The top three family businesses are valued at $471 billion (₹40.4 lakh crore), up ₹4.6 lakh crores, equivalent to the GDP of the Philippines. With a value of ₹2.6 lakh crore, Anil Agarwal and family climbed six spots to break into the top 10. The threshold to enter the top 10 increased by ₹18,700 crore, reaching ₹2.2 lakh crore. Energy, financial services, and software remain the dominant wealth-creating industries across India's most valuable family businesses. Ambanis at the top The Ambani family ranks first in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List, with a value of ₹28.2 Lakh crore. Headed by Mukesh Ambani, Reliance Industries operates in the energy sector. The business, founded in 1957, is currently managed by the second generation. The Ambani family's leadership continues to shape India's industrial landscape, with Reliance playing a pivotal role in sectors such as energy, retail, and digital services, as per Hurun. Birla family ranks second The Kumar Mangalam Birla family ranks second in the list, with a value of ₹6.5 Lakh crore. Led by Kumar Mangalam Birla, the Aditya Birla Group is a major player in the cement and cement products industry. Now run by the fourth generation, the business traces its origins back to the 1850s. The family's longstanding legacy of industrial leadership reflects a deep-rooted commitment to innovation and expansion across global markets. Jindal family valued at ₹5.7 lakh cr The Jindal family secured the third position in the list, with a value of ₹5.7 Lakh crore. Spearheaded by Sajjan Jindal, JSW Steel represents the group's strong presence in the metals and mining industry. A second-generation business, the Jindals have built one of India's largest steel producers, contributing significantly to India's infrastructure and industrial growth. Bajaj, Murugappa and Mahindras also on the list The Bajaj family ranked fourth on the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List with a valuation of ₹5.6 lakh crore, led by Sanjiv Bajaj and focused on financial services since its founding in 1926. The Mahindra family placed fifth at ₹5.4 lakh crore, with Anand Mahindra steering its diversified portfolio in automobiles and beyond. In sixth place, the Nadar family's HCL Technologies, valued at ₹4.7 lakh crore, remains a key IT services player under Roshni Nadar Malhotra. The Murugappa family ranked seventh at ₹2.9 lakh crore through its financial services arm, Cholamandalam Investment & Finance, led by Vellayan Subbiah. The Premji family followed in eighth with Wipro at ₹2.8 lakh crore, headed by Rishad Premji. The Anil Agarwal family debuted ninth at ₹2.6 lakh crore with Hindustan Zinc in metals and mining, while the Dani, Choksi, and Vakil families, represented by Asian Paints, closed the top 10 at ₹2.2 lakh crore under professional leadership by R. Seshasayee. India's top 10 richest families RankFamily nameFlagship CompanyValue (INR Cr)Value Change (%)Person Heading the BusinessIndustry1-Ambani FamilyReliance Industries28,23,10010%Mukesh AmbaniEnergy2↑Kumar Mangalam Birla FamilyAditya Birla Group6,47,70020%Kumar Mangalam Birla Cement & Cement Products3↑Jindal FamilyJSW Steel5,70,90021%Sajjan JindalMetals & Mining4↓Bajaj FamilyBajaj Group5,64,200-21%Sanjiv BajajFinancial Services5↑Mahindra FamilyMahindra & Mahindra5,43,80058%Anand Mahindra Automobile & Auto Components6↓Nadar FamilyHCL Technologies4,68,9009%Roshni Nadar MalhotraSoftware & Services7↑Murugappa FamilyCholamandalam Investment & Finance Company2,92,40045%Vellayan SubbiahFinancial Services8-Premji FamilyWipro2,78,6008%Rishad Premji Software & Services9*Anil Agarwal FamilyHindustan Zinc2,55,00079%Anil Agarwal Metals & Mining10↓Dani Family, Choksi Family, and Vakil FamilyAsian Paints2,20,900-19%R Seshasayee^Chemicals & Petrochemicals
