[4] In 2019, he was ranked as the third most powerful person in India by India Today. Adani also sees India emerging as the least expensive producer of renewable energy. It means to fulfill India’s objective and become one of the largest global players in sustainable energy by making the largest national commitment to the solar ecosystem and building an integrated manufacturing, generation, and solar park business. Originally operated by Mundra Port & Special Economic Zone, the operations were transferred to Adani Ports & SEZ Limited (APSEZ). 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. It means transforming the power scenario in India and mitigating the urban-rural divide by delivering electricity to several hundreds of millions living in the hinterlands of India. 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. It means enabling food security by building a modern agriculture supply chain empowering the farmers of our country. [14], In 1995, he set up the first jetty. Gautam Adani has become a legend today by taking his Adani Group’s businesses to new heights. Gautam Adani is the founder and Chairman of the Adani Group, a leading diverse conglomerate in India. His net worth stood at $34.7 billion as on January 6, 2021. He is the second richest man in India,[1] a spot attained in 2019. Jl. The Group's diverse businesses include energy, resources, logistics, agribusiness, real estate, financial services, defence and aerospace. He was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad. [17][18], Gautam Adani is married to Priti Adani. Today, the company is the largest private multi-port operator. 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. He worked there for 2-3 years before establishing his own diamond brokerage firm at Zaveri Bazaar, Mumbai. Adani Enterprises Limited is an international trading house that operates from offices in India as well as other countries. PTA Adani Global. [3], According to Forbes, his family's net worth is estimated to be around US$25.2 billion as of October. 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 … 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. He has seven siblings. In each of its sectors, it is the largest in India. Adani Enterprises Consolidated EBIDTA for Q2 FY21 increased by 76% to Rs. [3] Adani was keen on business, but not his father's textile business. Gautam Adani is known to be very close with the Indian Prime Minister […] In each of its sectors, it is the largest in India. He enrolled in a bachelor's degree in commerce at Gujarat University, but dropped out after the second year. Kav 74-75. [29][30][31][32][33] He was being accused of supporting Narendra Modi for his campaign in Bharatiya Janata Party. Each of the Group’s core businesses are focused on helping build world-class integrated infrastructure capabilities that India needs to accelerate its growth. It is constituted of 6 publicly traded entities with a market cap of $40 billion (as on 28 th Oct 2020) with primary interests in energy, ports & logistics and mining. In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra Brothers. And Adani Group, a first-generation entrepreneur, is driven by his core of... Same time, they are second in … Adani Enterprises Consolidated EBIDTA Q2! Logistics, agriculture and edible oils the power generation by 76 % to Rs mining oil... To his vast ports-to-power conglomerate–airports his wife, Priti Adani for Mahendra Brothers gas and ports units diverse include... 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