India ranked third globally in terms of number of family-owned businesses with 111 companies

According to the ‘Credit Suisse Family 1000 in 2018’ report, India has been ranked third globally in terms of number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion. Indian family-owned companies generated a 13.9% annual average share price return since 2006, compared to 6% recorded by their non-family-owned peers. The report is published by the Credit Suisse Research Institute (CSRI). The list is topped by China, followed by United States. As per report, in terms of number of family-owned businesses within the non-Japan Asian region, the list is dominated by China, India and Hong Kong. These three jurisdictions together account for around 65% of the non-Japan Asian section of CSRI’s database, and have a combined market capitalisation of $2.8 trillion (or 71%) of the market share.