Gautam Adani: Founder & Chairman of Adani Group

Gautam Adani is an Indian Industrialist and Philanthropist who founded Adani Group, a multinational company focused in port development and operations in India. He is the Chairman of Adani Group. As a Philanthropist, he runs the Adani Foundation with his wife, Priti Adani.  He is the President of his philanthropic organization and it is prominently led by his wife. Forbes estimated the family's net worth to be around $25.2 billion, as of October 2020. India Today ranked him as the third most powerful person in India. As of 2019, he was the second richest man in India.

Gautam Adani- Biography

Name Gautam Shantilal Adani
Born 24 June, 1962
Birthplace Ahmedabad, Gujarat, India
Age 59 (2021)
Nationality Indian
Education Gujarat University
Profession Entrepreneur
Position Founder & chairman, Adani Group
Net worth $34.70 billion (6 January, 2021)
Father Shantilal
Mother Shanti Adani
Brother Vinod Adani
Spouse Priti Adani
Children Karan Adani

Gautam Adani- Personal Life
Gautam Adani- Education
Gautam Adani- Professional Life
Gautam Adani- Adani Group
Gautam Adani- Adani Enterprise Limited
Gautam Adani- Adani Ports & SEZ Limited
Gautam Adani- Adani Power Limited
Gautam Adani- Adani Green Energy
Gautam Adani- Philanthropist

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Gautam Adani- Personal Life

Gautam was born in Jain family in Ahmedabad, Gujarat. His father, Shantilal was a textile businessman. He lived in the northern part of Gujarat, along with seven of his siblings, mother and father.

He is married to Priti Adani and the couple has a son named Karan Adani, who is the CEO of Adani Ports & SEZ Limited. In 1998, Gautam was once nobbled and released without accruing the money. He survived the 2008 Taj Hotel Mumbai attacks and escaped by hiding in the kitchen and toilet.

Gautam Adani- Education

Gautam completed his formal education from Sheth Chimanlal Nagindas Vidyalaya school, Ahmedabad. He then pursued a bachelor's degree in commerce from Gujarat University. He dropped out after completing the second year of his college.

Gautam Adani- Professional Life

Gautam took great interest in business but not in his father's textile business. He started working at a very early age. He was a diamond sorter at Mahendra Brothers in 1978. After working there for 2-3 years, he established his own diamond brokerage firm at Zaveri Bazaar, Mumbai.

His elder brother, Mansukhbhai Adani invited him to manage the operations at his plastics unit in Ahmedabad. This business emanated Gautam towards global trading through polyvinyl chloride (PVC) imports. He eventually started importing primary polymers for small-scale industries in 1985.

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Gautam Adani- Adani Group

Gautam founded Adani Group in 1988 and serves as its Chairman. The company is based in Ahmedabad, Gujarat, India. It is a commodity trading business with the flagship of Adani Exports Limited. The diverse business of the Group include, energy, resources, logistics, real estate, financial services, agribusiness, defense and aerospace.

He has a 66% stake in Adani Ports & SEZ Limited, 73% stake in Adani Power, 75% stake in Adani Enterprises, and a 75% stake in Adani Transmission Limited. The Group holds an annual revenue of about $13 billion, operating in 50 countries across 70 locations.

Gautam Adani- Adani Enterprise Limited

Gautam established Adani Exports Limited in 1988, which is now called Adani Enterprises Limited- the holding company of the Adani Group. The company originally dispensed in agricultural and power commodities.

He started expanding his business in 1991 with the trade of metals, textiles, and agro-products. The change in trade resulted with the commencement of economic liberalization policies and turned out to be profitable for the company.

Gautam Adani- Adani Ports & SEZ Limited

Gautam established the first jetty, Mundra Port & Special Economic Zone in 1995. The company eventually fetched its operations to Adani Ports & SEZ Limited (APSEZ). The company is presently recognized as the largest private multi-port operator. The port can hold 210 million tons of cargo per year and thus it is the largest private sector port in India.

Gautam Adani- Adani Power Limited

Gautam founded another portal of Adani Group, Adani Power Limited in 1996. Adani Power is the largest private thermal plant producer of the country with the capacity of 4620 Mega Watt. Between the years 2009 to 2012, he acquired Abbot Point Port in Australia and Carmichael Coal in Queensland.

Gautam Adani- Adani Green Energy

Gautam won the largest solar bid the Solar Energy Corporation of India (SECI) for $6 billion in May 2020. The 800 MegaWatt photovoltaic power plant project was taken up by Adani Green Energy. It is an Indian renewable energy firm that operates one of the largest solar photovoltaic plants, Kamuthi Solar Power Project.

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Gautam Adani- Philanthropist

Gautam founded the Adani Foundation in 1996 and he serves as its President. The organization is funded through the Adani Group and operates in Maharashtra, Himachal Pradesh, Chhattisgarh, Rajasthan, and Odisha.

He contributed Rs. 100 crore to the PM CARES FUND through the portal of Adani Group, to fight the Coronavirus crisis. He donated Rs. 5 crore to the Gujarat CM Relief Fund and Rs. 1 crore to the Maharashtra CM Relief Fund.

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About Megha Rani

Content Editor
  • Ranchi, Jharkhand
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