In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra Brothers. The Group's diverse businesses include energy, resources, logistics, agribusiness, real estate, financial services, defence and aerospace. Gautam Adani has become a legend today by taking his Adani Group’s businesses to new heights. 540 Cr in Q2 FY20 ; Adani Airports to acquire controlling interest in Mumbai Airports - Media Statement by Mr Gautam Adani, Chairman, Adani Group His net worth stood at $34.7 billion as on January 6, 2021. [34] Even though claiming on national media that he has no special favours with Modi,[35] Modi was seen traveling on Adani group's chartered planes to rallies across India. Gautam Adani is known to be very close with the Indian Prime Minister […] [15], In 2006, Adani entered the Power generation business. Corporates ANI Updated: January 22, 2020 6:29 pm IST Four entities - Adani … [29][30][31][32][33] He was being accused of supporting Narendra Modi for his campaign in Bharatiya Janata Party. [10], In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra Brothers. [8] His father was a textile merchant. Later he enrolled himself in the Gujarat University for a B.Com degree but dropped out of college in the se… Indian tycoon Gautam Adani can now add one more sector to his vast ports-to-power conglomerate–airports. At present, Adani is the 39th wealthiest person in the world. Indonesia. Gautam Adani is the founder and Chairman of the Adani Group, a leading diverse conglomerate in India. Updated: 29 Nov 2020, 01:56 PM IST PTI . His contribution to the growth of Indian infrastructure and economy ... His company is … It was founded by Gautam Adani in 1988 as a commodity tradingbusiness, with the flagship company Adani Enterprises Limited (previously Adani Exports Limited). In 1988, Adani established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the Adani Group. How Adani fared. Adani also sees India emerging as the least expensive producer of renewable energy. Adani Group is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. Originally, the company dealt in agricultural and power commodities. Until March 2019, Adani Foundation’s pan-India initiatives across key sectors of education, healthcare, community infrastructure, and sustainable livelihood touched more than 3.5 Million direct and indirect beneficiaries in 2300 villages across 18 Indian states. New Delhi: Billionaire Gautam Adani-led Adani Green Energy Ltd (AGEL) is poised to ramp up local manufacturing to build an ecosystem of suppliers for solar cells and modules.The industrialist has said Chinese solar modules imports, which have around 90 per cent share in the Indian market, will decline to negligible levels in 3-5 years. His entire family relocated to Ahmedabad from Tharad which located in the eastern part of Gujarat. Billionaire industrialist Gautam Adani-led Adani Green Energy will invest Rs 45,000 crore to execute the world's largest solar order. [13], In 1991, the economic liberalization policies turned out to be favorable for his company and he started expanding the businesses into trading of metals, textiles, and agro products. A married father of two, Gautam Adani is India’s 13th richest person, with a fortune valued at $6.3 billion but, unlike many uber wealthy in the country, he wasn’t born into privilege. [17][18], Gautam Adani is married to Priti Adani. Gautam Adani is an Indian billionaire businessman. MD & CEO, Adani Transmission Ltd I MD - Thermal Power, CEO, Adani Group North America, and CTO, Adani Group. [36][37] To counter this allegation, Adani spoke out in an interview with CNBC and clarified that the BJP paid market price to Adani Group for using its aviation services. But if the growth in wealth in 2020 is considered, Adani tops the list with a $21.5-billion, or 174.8 per cent, jump. Billionaire Gautam Adani on Wednesday said India is at a dramatic inflexion point from where its economy will grow to ten times by 2050 with the nation having several trillion-dollar companies and cheapest power from renewable energy. The group has annual revenue of over US$13 billion with operations at 70 locati… [7] He has 7 siblings and his parents had migrated from the town of Tharad in the northern part of Gujarat. It will also buyout 23.5% stake of Airports Company of South Africa and Bidvest Group to get a 74% controlling interest in MIAL. [40], "Forbes India Rich List 2019: Mukesh Ambani retains top spot, Gautam Adani second", "The most powerful people of India 2019 | Full list", "Bloomberg Billionaires Index - Gautam Adani", "Transnational Indian Business in the Twentieth Century", "Adani Green hits new high on winning world's largest solar bid worth $7 bn", "Adani wins world's largest solar project; to invest Rs 45,000 crore", "Throwback: When India's fifth richest man was kidnapped for ransom", "Two accused of abducting Gautam Adani 20 years ago acquitted", "Billionaire Survivor of Ransom, Terror Attacks Now Rivals Ambani", "Gautam Adani gives Rs 100 crore to PM Fund to fight coronavirus", "Billionaire Gautam Adani commits to support fight against coronavirus", "Adani Group got land at cheapest rates in Modi's Gujarat", "Adani power project was on the brink of bankruptcy – but the BJP government in Gujarat saved it", "Power Tariff Scam Gets Bigger at Rs. Billionaire Gautam Adani. Lantai 3. Luck and changes in economy worked in his favor and the liberalization and economic reforms of 1991 helped push the growth of the business and increased revenues and profits for his company. Gautam Adani went on to establish the Adani group in 1988 and started with dealings in agricultural commodities and power. 12870, Indonesia. In each of its sectors, it is the largest in India. Shares of most of his firms have surged, including those of his mining, gas and ports units. [3] Adani was keen on business, but not his father's textile business. Adani Green Energy Ltd. has jumped more than sixfold this year as it received a record $6 billion solar-power deal, another step toward the company’s goal of becoming the … Adani Power holds thermal power plants with a capacity of 4620 MW, the largest private thermal power producer of the country. Other than Gujarat, the Foundation operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha. Graha Mustika Ratu. [citation needed], In 1994, the Government of Gujarat announced managerial outsourcing of the Mundra Port and in 1995, Adani got the contract. Today, the Adani Group is worth US$ 7.1 Billion and its flagship company, Adani Enterprises Ltd was rated among the 50 top performing Asian companies by Forbes magazine. It was founded in 1996. According to the Bloomberg Billionaire Index, Gautam Adani’s wealth has increased by about $ 21 billion this year. He worked there for 2-3 years before establishing his own diamond brokerage firm at Zaveri Bazaar, Mumbai. He is the Chairman and founder of Adani Group that deals with various sectors. Jl. [19][20][21] He was abducted and held hostage for ransom in 1998, but was released without collecting the money. S ometime in 1999, a group of top Adani Port executives, along with founder Gautam Adani, made their way to a berth at the Mundra port in Gujarat to witness a unique experiment conceived by an enterprising port employee. [26], In March 2020, he contributed ₹100 crore to the PM CARES Fund through his group's philanthropy arm, to fight the Coronavirus outbreak. [40] He further clarified that the mine is owned by Rajasthan Government, and Adani Group is just the mine contractor. Adani Airports, a subsidiary of Adani Enterprises Ltd. had on Monday announced the acquisition of GVK Airport Developers Ltd.’s 50.50% stake in Mumbai International Airport Ltd. (Reuters) Can improve ₹ 33,000 crore DHFL takeover offer: Gautam Adani 4 min read. Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of the Adani Group -- an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani Enterprises Limited's Corporate Identification Number is (CIN) L51100GJ1993PLC019067 and its registration number is 19067.Its Email address is jaladhi.shukla@adani.com and its registered address is Adani Corporate House, Shantigram Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad Ahmedabad GJ 382421 IN , - , . [39] Adani, later, in an interview clarified the fine has not been dropped and the government is not favouring Adani either. Founded in 1988, the company is today a major player in coal trading, coal mining, oil & gas exploration, ports, multi … It is constituted of 6 publicly traded entities with a market cap of $40 billion (as on 28th Oct 2020) with primary interests in energy, ports & logistics and mining. [citation needed], In 1996, the power business arm of the Adani Group – Adani Power Limited was founded by Adani. [9] Mr. Adani, a first-generation entrepreneur, is driven by his core philosophy of infusing Growth with Goodness through nation-building. Nation-building, for Mr. Adani, means transforming the coastline of India by building a series of ports and related logistics hubs and in the process generate several tens of thousands of jobs. ", "Gautam Adani: We don't seek special favours from BJP or any individual", https://en.wikipedia.org/w/index.php?title=Gautam_Adani&oldid=999859215, Pages with non-numeric formatnum arguments, Articles with short description added by PearBOT 5, Short description is different from Wikidata, Articles containing potentially dated statements from December 2020, All articles containing potentially dated statements, Articles containing potentially dated statements from 2018, Articles with unsourced statements from September 2018, Articles to be expanded from December 2020, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 January 2021, at 08:58. Each of the Group’s core businesses are focused on helping build world-class integrated infrastructure capabilities that India needs to accelerate its growth. Adani Foundation, the Group’s Corporate Social Responsibility arm is among his key interest areas. Gautam Adani owns 2 private jets, a Beechcraft jet purchased in 2005 and a Hawker purchased in 2008. [38], It was alleged that the NDA government was favouring Adani by allegedly waiving ₹200 crore fine on Adani Port and SEZ. Gautam was highly benefitted from the liberalization and economic reforms of 1991, as it led to a sudden rise in the company’s revenue and business which in turn helped him to expand his company. Billionaire Gautam Adani on Wednesday said his ports-to-energy conglomerate acquiring a controlling stake in Mumbai airport will help expand its existing portfolio of six airports and create strategic adjacencies for the group's other businesses. He has seven siblings. [27] A contribution of ₹5 crore was made to the Gujarat CM Relief Fund and ₹1 crore to the Maharashtra CM Relief Fund. Gautam Adani (File Pic) New Delhi: Billionaire Gautam Adani on Wednesday said his group is aiming to become the world's largest solar power company by 2025 and the biggest renewable energy firm‎ by 2030. [14], In 1995, he set up the first jetty. 951 Cr vs Rs. Gautam Adani did not fire that employee and instead, he motivated him to do better and to stay in the company. [24][25], Gautam Adani is the president of the Adani Foundation, funded through the Adani Group. Under his visionary stewardship, the Group has emerged as India’s largest ports and logistics business, largest private power and transmission player, largest solar power generation and manufacturing company, largest integrated coal management company and largest agriculture business. Also, ports, logistics, agriculture and edible oils. 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