GAUTAM ADANI- FOUNDER OF ADANI GRUOP

INTRODUCTION

Gautam Adani is chairman of the $23 billion (revenue) Adani Group, with interests in ports, airports, power generation, and transmission, and green energy, among others. The Ahmedabad, India-based infrastructure group is also India’s largest closely held thermal coal producer and largest coal trader.

Gautam Adani was born in the western Indian state of Gujarat. After dropping out of college as a teenager, he moved to Mumbai and worked in the diamond trade before returning to his home state.

He made his foray into global trading when he imported polyvinyl chloride, or PVC, for his brother’s plastic business. In 1988, he set up Adani Enterprises, the group’s flagship company, to import and export commodities.

Adani Enterprises gained approval from the Gujarat government in 1994 to set up a harbor facility to handle its own cargo at Mundra Port. Sensing the potential of the project, Adani decided to turn it into a commercial port. He built rail and road links to it by individually negotiating with more than 500 landowners across India to create the largest port in India. Adani got into power generation in 2009.

GAUTAM ADANI – PERSOAL LIFE

He was born on 24 June 1962 to a middle-class Jain family in Ahmedabad, Gujarat. His father was Shantilal and his mother was Shanti Adani. He has seven siblings and the eldest is Mansukhbhai Adani. The family migrated from the town of Tharad in northern Gujarat in search of a livelihood. His father was a small textile merchant.

He did his schooling at Sheth C.N. Vidyalaya School in Ahmedabad. At Gujarat University, he took admission for a bachelor's degree in commerce, but he dropped out after the second year.

He married Priti Adani, who is a dentist and leads Adani Foundation. They have two sons namely Karan Adani and Jeet Adani.

GAUTAM ADANI – CAREER

Gautam Adani was always attracted to business and wanted to do his own business but he did not take over his father’s textile business. Scroll down to know about his career.

Gautam Adani moved to Mumbai in his teenage years in 1978 and worked as a diamond sorter for Mahendra Brothers. He worked there for around two to three years before establishing his own diamond brokerage firm at Zaveri Bazaar, Mumbai.

In Ahmedabad, Gautam’s elder brother Mansukhbhai Adani brought a plastics unit in 1981 and invited him to manage operations. This venture turned out to be Adani’s gateway to global trading via Polyvinyl Chloride (PVC) imports.

He then started importing primary polymers for small-scale industries in 1985. Adani established Adani Exports in 1988 and is now known as Adani Enterprises. The company deals in agriculture and power commodities.

In the 90s business expanded. For the Adani group, economic liberalization policies turned out to be favorable in 1991 and he started expanding it into the trading of metals, textiles, and agro products.

Adani got the Mundra Port contract in 1995. He set up the first Jetty in 1995. It was originally operated by Mundra Port & Special Economic Zone. Later, the operations were transferred to Adani Ports & SEZ (APSEZ). Nowadays, is the largest private multi-port operator.

Adani Power was founded by Adani which is the power business arm of the Adani Group in 1996. It holds thermal power plants of around 4620 capacity and is the largest thermal power producer in the country.

He also entered the power generation business in 2006. He also acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland from 2009 to 2012.

Adani won the world’s largest solar bid by the Solar Energy Corporation of India (SECI) worth $6 billion in May 2020. Adani Green in the future will also take on the project of an 8000 MW photovoltaic power plant. Adani Solar will establish 2000 MW of additional solar cell and module manufacturing capacity.

Abduction and Mumbai Attacks

Gautam Adani was abducted in 1998 and held hostage in return for ransom. Later, he was released when money was paid to the hostages. During the 2008 Mumbai attacks, he was at the Taj Hotel. Later, he was rescued safely

Facts About Gautam Adani

Gautam Adani is the president of the Adani Foundation. The foundation not only operates in Gujarat but also operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha.

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