Mumbai home to 65 among top 200 family-run businesses in India
5 months ago

Mumbai home to 65 among top 200 family-run businesses in India

Hindustan Times  

Mumbai: Mumbai might not be the ideal global city, but it is still the preferred destination for India’s ultra-rich. Of the top 200 family-owned businesses in the country that are at least two generations old, 65 are headquartered in Mumbai, according to the ‘2024 Barclays Private Clients Hurun India Most Valuable Family Business’ rankings released on Thursday. Among the top 200 family-owned businesses, 17 are headquartered in Kolkata, making it the second most preferred destination, followed by Pune, New Delhi and Gurugram with 15, 13 and 13 headquarters of family-owned businesses, respectively. The oldest family-owned businesses that feature among the top 200 are the Wadi Group, owned by the Wadia family, and PN Gadgil & Sons, owned by the Gadgil family – both are sixth generation family-run businesses. Anas Rahman Junaid, founder and chief researcher, Hurun India said, “The significant industry diversification of these family businesses demonstrates their essential role in maintaining and advancing long-term economic stability and growth in India.

Family India Mumbai Crore Businesses Indian Family Businesses  200  familyrun  businesses  mumbai  65  family  crore  worth  familyowned  india  indian  valuation

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