This ranking not only highlights the financial might of these businesses but also brings to the fore the youngest leaders steering these legacy companies into the future.

Leading the pack of young business leaders is Bahirji A Ghorpade, 28 years old, who heads Sandur Manganese & Iron Ore, a company valued at ₹5,700 crore in the metals and mining sector. Close on his heels is 31-year-old Manan P. Shah, who leads Man Infraconstruction, with a valuation of ₹7,400 crore in construction and engineering.

Rishi C. Sanghvi, 34, leads Sanghvi Movers, valued at ₹4,700 crore in the industrial products sector. Meanwhile, Sudarshan Venu, at 35, is at the helm of TVS Motor Company, an automotive giant valued at ₹77,600 crore. The list also includes Mahesh Tibrewala, 37, who leads Roha Dyechem, a chemicals and petrochemicals firm valued at ₹3,700 crore.

“This list underscores the impact of young leadership in driving innovation and growth,” the release said.

The complete list of the “Youngest Leaders in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses”

is provided below.

Nitin Singh, Head of Private Bank Asia Pacific at Barclays, emphasised the significance of family businesses in India’s economic landscape, noting that 69% of the most valuable family businesses are second-generation enterprises, with the remainder being third generation or older.

“Generations of dedication and vision has made Indian family businesses the bedrock of our economy, proving that tradition and progress can go hand in hand. The fact that 69% of the most valuable family businesses consists of second-generation family businesses, with the remainder being third generation or older, speaks volumes about the resilience and adaptability of Indian family businesses.”

Anas Rahman Junaid, Founder and Chief Researcher at Hurun India, echoed these sentiments, stating, “Indian family businesses are the heartbeat of the nation’s economy, embodying resilience, innovation, and a deep-rooted legacy of entrepreneurial spirit.”

The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list not only highlights the financial prowess of these companies but also showcases the diverse sectors they dominate—from industrial products and automobiles to pharmaceuticals and services.

These family businesses, many of which are household names like HCL Technologies, Bajaj, and Dabur, continue to be integral to the fabric of India’s economy, driving both stability and growth.

You can also read about India’s top first-gen families and their dynamic next-gen leaders here