India’s most influential family-run enterprises have seen a shake-up in rankings, but the Ambani family has retained its crown. For the second year running, the Reliance Industries empire—valued at a staggering ₹28.2 lakh crore, nearly one-twelfth of the country’s GDP—has topped the 2025 Hurun India Most Valuable Family Businesses list, according to The Economic Times.

The Aditya Birla family, led by Kumar Mangalam Birla, climbed to second place with their group’s worth rising by ₹1.1 lakh crore over the past year to ₹6.5 lakh crore. Close behind, the Jindal family secured the third position, with their stake in JSW Steel pushing their valuation to ₹5.7 lakh crore—up ₹1 lakh crore from last year. Together, these top three dynasties hold assets worth ₹40.4 lakh crore, almost matching the GDP of the Philippines.

The list also saw significant new milestones. Anil Agarwal and family entered the top 10 for the first time, jumping six spots with a ₹2.6 lakh crore valuation. The threshold to make it into the top 10 surged to ₹2.2 lakh crore, reflecting the swelling scale of India’s biggest family businesses.

Industry Powerhouses at the Top

Mukesh Ambani continues to steer Reliance Industries, which began in the energy sector in 1957 under Dhirubhai Ambani and has since diversified into retail and digital services. The Aditya Birla Group, with origins tracing back to the 1850s, remains a major force in cement and allied industries. The Jindal family, through JSW Steel, plays a pivotal role in India’s metals and infrastructure sectors.

Other Heavyweights

In fourth place, the Bajaj family, led by Sanjiv Bajaj, holds ₹5.6 lakh crore primarily in financial services. The Mahindra family follows at ₹5.4 lakh crore, spanning industries from automotive to IT. The Nadar family’s HCL Technologies ranks sixth at ₹4.7 lakh crore, while the Murugappa family comes seventh at ₹2.9 lakh crore via Cholamandalam Investment & Finance.

The Premji family, helming Wipro, stands eighth at ₹2.8 lakh crore. The Agarwal family claims ninth place, and the Dani, Choksi, and Vakil families—co-founders of Asian Paints—share the tenth spot at ₹2.2 lakh crore.

With energy, financial services, and software leading the value charts, the list highlights how India’s most valuable family-run businesses continue blending heritage with innovation to drive economic growth.