| Name | Gautam Adani |
| Born on | 24 June 1962 |
| Place of Birth | Ratanpol, Ahemdabad |
| Educated from | Gujarat University |
| Works for | Adani Group |
| Valued at | $4.8 Billion |
| Position | Chairman of Adani Group |
| Married to | Priti Adani |
| Father of | Karan Adani, Jeet Adani |
| Mother | Shantaben |
Family:
He was born in a Gujarati Jain family to, Shantaben and Shantilal Adani who had migrated from the town of Tharad in northern Gujarat in search of a livelihood. Adani has seven siblings the eldest being Mansukhbhai Adani. Gautam is married to Priti Adani, who is a dentist and heads Adani Foundation as a Managing Trustee. They have two sons. Karan Adani who is 23 years old and is currently pursuing his BS in Management from Purdue University, USA; Jeet Adani, their younger son is 13 years old.
He did his schooling from Seth C.N. Vidyalya School in Ahmedabad. Later, he studied at Gujarat University but only till his second year for a Bachelor's Degree in Commerce as he was a university dropout. At a young age of 18, he went to Mumbai with only a few hundred rupees and worked as a diamond sorter at Mahindra Bros. After 2 years he set up his own diamond brokerage outfit at Zaveri Bazaar. His elder brother Mansukhbhai, bought a plastics unit in Ahmedabad in 1981 and wanted Gautam to run it. Adani returned to Ahmedabad and this was the beginning of Adani's journey into global trading by beginning to import Polyvinyl Chloride (PVC) which is a key raw material for manufacturing plastics.
The Beginning
While working at his brother's plastics unit, Adani gained valuable working experience of working with the intricacies of Global Trade. During the late 1980s young entrepreneurs were looking to enter the relatively new and exciting sectors of Software and Telecom.
But Adani ventured into what merchants and East India Company used to do 1000 of years ago under the British rule. The Adani Group, along with its flagship company, Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was established by Gautam Adani in 1988 as a Partnership firm with a capital of 5 lacs.
The Adani Group had a quiet beginning, but Adani used his skills of persuasion to get beneficial land allotment policies and guidelines from the bureaucracy.
Adani's entrepreneurial and ambitious vision along with rigorous hard work made the Adani Group one of the fastest growing professionally owned enterprises in India.
Maintenance of world-class quality standards and a customer focused approach helped the Adani Group to achieve revenues of INR 262 billion by 2009.
Adani Group - Company Profile
With Gautam Adani as the Chairman and Promoter, the Adani Group is a Gujarat based Indian conglomerate.
- The group's core businesses include commodities trading, edible oil manufacturing, Mundra port operations and distribution of Natural Gas.
- Its journey to become one of India’s most trusted and diversified trading house was fast and worth imitating.
- Apart from its core businesses, the Adani Group has also diversified into Real Estate, Ports, Special Economic Zones and IT enabled services. Its expansion was accompanied by a synergy among its business units to bring them together and make them more productive and competitive.
- The group emphasizes on converting partnerships into winning relationships and is committed to satisfy its stakeholders by constantly delivering good returns.
- Adani group covers more than 50 companies under it, some of them being:
- Adani Enterprises Ltd.
- Adani Agri Logistics Ltd.
- Adani Agri Fresh Ltd.
- Gujarat Adani Energy Ltd.
- Adani Mining Ltd.
- Gujarat Adani Port Ltd.
- Adani Power Ltd.
- Adani Retail Ltd.
- Adani Wilmar Ltd.
- iCall India Ltd.
- Adani Properties Ltd.
- Mundra Port and Special Economic Zone Ltd.
Recent Projects
- Mundra Port is one of the country’s first and the most efficient private port and its 100 sq km SEZ was one of India’s largest multi-product free-trade zones. It currently handles 40 million tonnes of cargo which is expected to go up to 100 milliontonnes.
- The Adani Group had entered the Power sector with its 4620 MW thermal power project in Mundra, Kutch district. By march 2010, the first 2 units of 660MW had been completed.
The Adani Group under the leadership of Gautam Adani has been the recipient of many awards and honors for its corporate performance. Some of them being:
- It received the “Dun & Bradstreet – Rolta Corporate Award 2008” for outstanding performance in Trading after the performance evaluation of over 500 companies.
- Gautam was awarded the “Excellence in Management Award (2007)” by Chief Minister of Gujarat.
- The Adani Group's Mundra Port and SEZ was awarded the “Port Authority Award (2006)” by Lloyd’s List for the Best Port in Middle East and Indian subcontinent.
- In 2005, it was conferred as “Five Star Export House” and it received “FIEO's Niryat Shree Gold Trophy”.
- The Adani Group's, Fortune is the largest selling edible oil brand in India with a 22% market share.
- It received the “ICSI award for Excellence in Corporate Governance” in 2004.
- It received the “GCCI Export Appreciation Award” in 2004.
- It was awarded the “International Code for the Security of Ships and of Port Facilities” (ISPS) for compliance by Ministry of Shipping, Govt. of India, 2004.
- In 2003, it ranked 38th in BS 1000-India’s Corporate Giants.
- In 2001, it was awarded the status of “Golden Super Star Trading House” as well as the “SOPA” award.
- In 2000, it received the “SRTEPC” award.
Today, the Adani Group is worth ` 27,000 crore and its flagship company, Adani Enterprises Ltd was rated among the 50 top performing Asian companies by Forbes magazine. The combined market capitalization of 3 of its listed companies - Adani Enterprises, Adani Power and Mundra Port and Special Economic Zone have put the group among India’s top 10 businesshouses.
Obstacles and Survival
The Adani Group had to face stiff opposition from entrenched west-coast business rivals but still it managed to build enough critical mass to get its companies listed on the stock exchange in 1992. The Economic liberalisation and relaxation of trade policies gave the Adani Group a much needed boost in its expansion. In order to ensure a smooth expansion of the Adani Group Gautam has been a generous contributor to the Bharatiya Janata Party (BJP), which is in power in Gujarat. His business has benefited from his proximity to powerful politicians like Gujarat Chief Minister, Narendra Modi.
Controversy
As the head of one of the most envied corporate houses of modern India, Adani faced many controversies throughout his life.
- In 1999, his kidnapping by underworld don Anees Ibrahim became overnight headlines. He was released for a ransom of ` 3 crore. Although, the reasons and other information about the kidnapping was never confirmed.
- In 2002, the Delhi police detained him for charges of cheating in a case forged by a rival.
- In late 1990s, he had been under scrutiny for alleged invoicing irregularities and money laundering. He was also charged for possible complicity with rogue trader Ketan Parekh.
Social Responsibilities - Adani Foundation
In 1996, the Adani Foundation was established in Ahmedabad to look after the Corporate Social Responsibilities of the Adani Group.
To begin with it worked with a few rural communities around the Adani port at Mundra. The foundation consists of a team of committed professionals whose work is to plan & implement developmental and growth programmes in rural communities.
The team simultaneously works on a number of issues in each community to enable holistic development.
The Foundation follows a participatory approach to ensure a sense of ownership for the services it provides and the community wealth it creates.The Foundation, through institutional and individual grants for education and medical relief has brought about tangible changes in lives of people of rural communities. Today the Foundation operates in Gujarat, Himachal Pradesh, Maharashtra and Rajasthan as a registered NGO.
The Foundation is active in four major areas for the society:
- Education
- Medical Aid
- Rural Development
- Charitable Initiatives
More........
Gautam Adani ; born 24 June 1962) is an Indian business tycoon who is the Chairman and founder ofAdani Group. According to Forbes, his personal wealth is estimated to be $7.1 billion as of September 2014. He founded The Adani Group in 1988 and today it is a globally integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation, Agri Infrastructure, edible oil & transmission and gas distribution.With business experience of more than 33 years, Gautam Adani is an Indian entrepreneur who has led the Adani group from a modest background to create a $8 billion professionally managed empire in a relatively short period of time. He is a first generation entrepreneur.
Gautam Adani has a vision of ‘Nation Building’ by developing assets of national economic significance.[citation needed] This reflects in the choice of businesses the group has entered and developed. In an interview to Outlook he mentioned how India’s infrastructure requirement is huge and hence ports, power plants, transmission lines and mining were the natural choices for the group.[4][6] He has led from the front to realize his vision of nation building and continues to pursue his passion for developing world class mega infrastructure in India and abroad.
He is said to be among the 100 most influential businessmen worldwide in the shipping trade and developing shipping related infrastructure.[citation needed] He has also been recognized for establishing the modern Mundra port which was selected as the best port in 2006 by the oldest and the most influential British publication for shipping business, Lloyds.Mundra Port is now the country’s largest commercial port to have achieved a new landmark of handling 100 million metric tonnes in FY 13-14.
Gautam Adani was born into a Gujarati family on 24 June 1962 in the Seth ni Pol area located in Ratanpol inAhmedabad He is the son of Shantilal and Shanta Adani and has seven siblings. His parents had migrated from the town of Tharad in the northern part of Gujarat India.He is married to Priti Adani who is a dentist and heads Adani Foundation as a Managing Trustee. They have two sons - Karan Adani and Jeet Adani. He did his schooling from Seth C.N. Vidyalya School in Ahmedabad. Later, he studied at Gujarat University but only till his second year for a Bachelor's Degree in Commerce.CareerInstead of joining his father’s textile unit in Ahmedabad, Gautam Adani moved to Mumbai at a young age of 18 with only a few hundred rupees. He started his career working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. The trading initiative was a success and he made his first million within a year, at the age of 20, a big amount during the 1980s.
Mahasukh Adani, Gautam’s elder brother and an entrepreneur, called Gautam back to Ahmedabad to run his newly purchased plastic factory.
Soon, Gautam began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for manufacturing plastic.
Gautam Adani is known for his risk appetite.[citation needed] Former IIM-A director Bakul Dholakia, who is associated with the Adani group's educational and CSR initiatives said, "In terms of the risk taking appetite and risk absorption capacity there are very few who can match Gautam Adani. There are many who take large risks, but very few have the ability to face their adversity with courage and conviction". He is referred to as 'Gautambhai' in the industry and is also known to be a keen observer and a good judge of character.
Gautam Adani believes in an all-inclusive growth He believes in education and health and these form the core of Adani Foundation. The group gives 3 per cent of its profits to the Adani Foundation. He is particularly proud of Adani Vidya Mandir, a school in Ahmedabad which admits only those children whose parents have an annual income less than Rs.1 lakh. The school is run by his wife Priti.
Adani GroupIn 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd), the flagship company of the Adani Group, that traded in a variety of power and agricultural commodities. The economic liberalization in 1991 fuelled the rapid growth of the business and the huge profitability of Adani Exports provided further capital for Gautam Adani to expand his business.
In 1993, the Government of Gujarat invited private companies to run the Mundra Port and in 1995 the contract was given to Adani Group. Today, Mundra Port is the largest Private Sector port in India, with capability of handling close to 80 million tonnes of cargo per annum.
Gautam Adani is also the founder and promoter of Adani Power Ltd (APL), a power business arm of Adani Group. Adani Power has thermal power plants with capacity of 4620 MW, the largest private thermal power producer of the country. It is also the largest solar power producer of India with capacity 40MW.
During the time of 2014 Loksabha elections of India Goutam Adani was accused of various controversies. He is being accused of supporting Narendra Modi for his campaign inBharatiya Janata Party.Even though claiming on national media that he has no special favors with Modi, Modi was seen traveling on Adani group's chartered planes to rallies across India. To counter this allegation, Mr Adani spoke out in an interview with CNBC and clarified that the BJP paid market price to Adani Group for using its aviation services.
Supposedly, Adani Group was given lands at throw away rates for their infrastructure and expansions.[13] He has given an interview to NDTV journalist. In the interview, it is claimed that Adani was given the land at a price three time lower than the market price then.
Another article by Firstpost mentions that the report scrutinizing Adani Group's records contains factual inaccuracies and half-truths. It has proved, how the article carried byForbes is factually incorrect. The article explains how Adani Group has secured the land in a legal manner
Gautam Adani has a vision of ‘Nation Building’ by developing assets of national economic significance.[citation needed] This reflects in the choice of businesses the group has entered and developed. In an interview to Outlook he mentioned how India’s infrastructure requirement is huge and hence ports, power plants, transmission lines and mining were the natural choices for the group.[4][6] He has led from the front to realize his vision of nation building and continues to pursue his passion for developing world class mega infrastructure in India and abroad.
He is said to be among the 100 most influential businessmen worldwide in the shipping trade and developing shipping related infrastructure.[citation needed] He has also been recognized for establishing the modern Mundra port which was selected as the best port in 2006 by the oldest and the most influential British publication for shipping business, Lloyds.Mundra Port is now the country’s largest commercial port to have achieved a new landmark of handling 100 million metric tonnes in FY 13-14.
Gautam Adani was born into a Gujarati family on 24 June 1962 in the Seth ni Pol area located in Ratanpol inAhmedabad He is the son of Shantilal and Shanta Adani and has seven siblings. His parents had migrated from the town of Tharad in the northern part of Gujarat India.He is married to Priti Adani who is a dentist and heads Adani Foundation as a Managing Trustee. They have two sons - Karan Adani and Jeet Adani. He did his schooling from Seth C.N. Vidyalya School in Ahmedabad. Later, he studied at Gujarat University but only till his second year for a Bachelor's Degree in Commerce.CareerInstead of joining his father’s textile unit in Ahmedabad, Gautam Adani moved to Mumbai at a young age of 18 with only a few hundred rupees. He started his career working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. The trading initiative was a success and he made his first million within a year, at the age of 20, a big amount during the 1980s.
Mahasukh Adani, Gautam’s elder brother and an entrepreneur, called Gautam back to Ahmedabad to run his newly purchased plastic factory.
Soon, Gautam began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for manufacturing plastic.
Gautam Adani is known for his risk appetite.[citation needed] Former IIM-A director Bakul Dholakia, who is associated with the Adani group's educational and CSR initiatives said, "In terms of the risk taking appetite and risk absorption capacity there are very few who can match Gautam Adani. There are many who take large risks, but very few have the ability to face their adversity with courage and conviction". He is referred to as 'Gautambhai' in the industry and is also known to be a keen observer and a good judge of character.
Gautam Adani believes in an all-inclusive growth He believes in education and health and these form the core of Adani Foundation. The group gives 3 per cent of its profits to the Adani Foundation. He is particularly proud of Adani Vidya Mandir, a school in Ahmedabad which admits only those children whose parents have an annual income less than Rs.1 lakh. The school is run by his wife Priti.
Adani GroupIn 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd), the flagship company of the Adani Group, that traded in a variety of power and agricultural commodities. The economic liberalization in 1991 fuelled the rapid growth of the business and the huge profitability of Adani Exports provided further capital for Gautam Adani to expand his business.
In 1993, the Government of Gujarat invited private companies to run the Mundra Port and in 1995 the contract was given to Adani Group. Today, Mundra Port is the largest Private Sector port in India, with capability of handling close to 80 million tonnes of cargo per annum.
Gautam Adani is also the founder and promoter of Adani Power Ltd (APL), a power business arm of Adani Group. Adani Power has thermal power plants with capacity of 4620 MW, the largest private thermal power producer of the country. It is also the largest solar power producer of India with capacity 40MW.
During the time of 2014 Loksabha elections of India Goutam Adani was accused of various controversies. He is being accused of supporting Narendra Modi for his campaign inBharatiya Janata Party.Even though claiming on national media that he has no special favors with Modi, Modi was seen traveling on Adani group's chartered planes to rallies across India. To counter this allegation, Mr Adani spoke out in an interview with CNBC and clarified that the BJP paid market price to Adani Group for using its aviation services.
Supposedly, Adani Group was given lands at throw away rates for their infrastructure and expansions.[13] He has given an interview to NDTV journalist. In the interview, it is claimed that Adani was given the land at a price three time lower than the market price then.
Another article by Firstpost mentions that the report scrutinizing Adani Group's records contains factual inaccuracies and half-truths. It has proved, how the article carried byForbes is factually incorrect. The article explains how Adani Group has secured the land in a legal manner
