Haldiram Snacks has been named as India’s most valuable unlisted company, with a valuation of Rs 63,000 crore, according to the Barclays Hurun India Rich List 2024.
In the Food and Beverages sector, Haldiram Snacks is ranked sixth with a total value of Rs 1,29,300 crore. The company operates through 11 entities and is led by eight family members.
Anas Rahman Junaid, Founder and Chief Researcher at Hurun India, emphasised the significance of Indian family businesses. “Indian family businesses are the heartbeat of the nation’s economy, embodying resilience, innovation, and a deep-rooted legacy of entrepreneurial spirit,” Junaid said. He noted that these businesses, including Haldiram’s, Cipla, and Britannia, play a crucial role in everyday life, from snacks and medicines to biscuits.
Mcap of eight of top-10 most valued firms dive to Rs 1.28 lakh crore, TCS sees largest dip
Amid Guv and Banerjee tussle, SC orders regular appointment of VCs in 36 state-aided Bengal universities
Women’s Asia Cup 2024 begins: Harmanpreet Kaur’s response to media coverage critique steals the show- Watch video
NSE, BSE to remain shut tomorrow on July 17 on account of Muharram
The list, released on Thursday, also highlighted the Ambani family as the most valuable, with a staggering valuation of Rs 25.75 lakh crore, nearly one-tenth of India’s GDP. The Bajaj family follows in second place with a valuation of Rs 7.13 trillion, led by Niraj Bajaj, while the Birla family ranks third at Rs 5.39 trillion. Together, the top three family businesses are valued at $460 billion, equivalent to Singapore’s GDP.
Other notable mentions include the Sajjan Jindal-led family in fourth place with a valuation of Rs 4.71 trillion, and the Nadar family in fifth place at Rs 4.30 trillion. Roshni Nadar Malhotra of the Nadar family is the only woman among the top ten family businesses.
From: financialexpress
Financial News
