Adanis lead Hurun’s most valuable first generation family businesses in India, Poonawallas follow

Adani leads the list of most valuable 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.

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).

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