INDIA gets 3rd rank globally in Family Owned Businesses

National News

India, with a total of 111 companies and $839 billion total market capitalization, continue to stand on 3rd position globally after US and China in terms of number of family owned businesses. India follows China which ranks 1st with 159 firms and US with 121 firms.

According to the report published by the Credit Suisse Research Institute (CSRI)- rating agency in terms of number of family owned businesses, China, India and Hong Kong dominate within the non-Japan Asian region. The rating agency analyzed that there are over 1000 family owned public listed companies and these three countries in non-japan Asian region, have a combined market capitalization of USD 2.85 trillion of the market share.

Korea stands at 4th position with 43 companies followed by Malaysia, Indonesia and Thailand (each 26 countries). 13.9 per cent annual overall share price return has been generated from the India family owned companies since 2006 while non family business recorded to 6 percent.

This report lists, 12 Indian family-owned companies with a total market capitalization of USD 192.2 billion.

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