Asia News

India’s Largest Family Firms

Family Business United continues to champion the family business sector and is delighted to be able to share details of the largest family firms in India.  Like many countries, family firms are the backbone of the Indian economy and collectively the fifteen largest family firms in India have been trading for over 1,000 years.

In terms of turnover they collectively generate turnover of $393,091 million and employ 1.6 million people.

As Paul Andrews, founder and CEO of Family Business United who champion and celebrate the contribution of family firms around the world adds, “The contribution of the top fifteen should not be under-estimated as it goes far and beyond revenue generation and jobs.  These businesses are at the heart of communities across India and make a difference to lives each and every day.  They deserve recognition for the wealth they create, the employment they provide and the support they give to organisations through their philanthropic endeavours too.”

Rank Family Business Year Founded Revenue 2018
$ Millions
Employees
2018
1 Tata Sons Private Ltd 1868 $110,700 702,454
2 Reliance Industries Ltd 1973 $62,738 187,729
3 Hinduja Group Ltd 1919 $50,000 85,884
4 Aditya Birla Management 1857 $48,300 120,000
5 Rajesh Exports Ltd 1989 $28,842 383
6 Hindalco Industries Ltd 1958 $17,700 36,000
7 Essar Global Holdings 1969 $14,000 7,000
8 Bharti Airtel Ltd 1976 $12,737 20,793
9 JSW Steel Ltd 1982 $11,054 11,619
10 Wipro Ltd 1945 $8,373 163,827
11 HCL Technologies Ltd 1976 $7,838 137,965
12 Adani Enterprises Ltd 1988 $5,520 16,000
13 Murugappa Group Ltd 1900 $5,301 50,000
14 Ruchi Soya Industries Ltd 1986 $5,000 2,898
15 Hero MotoCorp Ltd 1984 $4,988 8,551
Source: Family Capital and PwC Research into the 750 Top Family Businesses
Note - A family or families had to control at least 50% of the voting shares in a private company or at least 32% of the voting rights in a publicly listed company
Note - Only family firms older than 20 years are included allowing a level of transition from the first generation to some participation of the next generation

 

Related posts