Indian billionaire industrialist Gautam Shantilal Adani is the head and founder of the Adani Group, a global conglomerate engaged in port operations and growth in India. He was born on June 24th 1962.
According to reports, Adani is friendly with Indian Prime Minister Narendra Modi and the Bharatiya Janata Party, which is in power.
Since his companies have been awarded numerous government contracts for infrastructure and energy since Modi became India’s prime minister, this has given rise to accusations of nepotism.
Gautam Adani: Profile Summary
Full Name: Gautam Shantilal Adani
Date of birth: 24th June 1962
Age: 60 years
Place of birth: Ahmedabad, Gujarat, India
Profession: Businessman, Industrialist
Education: Gujarat University (dropped out)
Active Years: 1981- present
Position: Founder and Chairman of Adani Group
Spouse: Priti Adani
Net Worth: US$45.7 billion
Gautam Adani: Early Life and Education
In Ahmedabad, Gujarat, on June 24, 1962, Adani was born into a Gujarati Jain family to parents Shantilal and Shantaben Adani. He has seven siblings. His parents had left their hometown of Tharad in Gujarat’s northern region. His father ran a modest business selling textiles.
He received his education at Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya. He enrolled at Gujarat University to pursue a bachelor’s in commerce, but he left after the first year. Adani loved business, but he didn’t like his father’s textiles business.
Gautam Adani: Career Highlight
Although Gautam Adani was always drawn to business and desired to start his own company, he chose not to take over his father’s cloth business. View his work information by scrolling down.
In 1978, when Gautam Adani was still a teenager, he relocated to Mumbai and began working as a diamond sorter for Mahendra Brothers. Before opening his own diamond brokerage company in Mumbai’s Zaveri Bazaar, he worked there for about two to three years.
Mansukhbhai Adani, Gautam’s older brother, established a plastics business in Ahmedabad in 1981 and asked him to oversee operations. Through the importation of Polyvinyl Chloride (PVC), this project proved to be Adani’s entryway into international trade.
In 1985, he began importing ppolymers for small-scale businesses. In 1988, Adani founded Adani Exports, which is now known as Adani Enterprises. The firm trades in agricultural and energy-related commodities.
The company grew in the 1990s. Economic liberalization policies proved advantageous for the Adani group in 1991, and he began expanding it into the trading of metals, textiles, and agricultural products.
In 1995, Adani was awarded the Mundra Port deal. In 1995, he constructed the first Jetty. Initially, Mundra Port & Special Economic Zone was in charge of running it. Later, Adani Ports & SEZ (APSEZ) received the activities is currently the biggest privately owned multi-port operator.
The power division of the Adani Group, Adani, established Adani Power in 1996. It is the largest producer of thermal power in the nation and has around 4620 thermal power plants.
In 2006, he also ventured into the industry of the production of power. From 2009 to 2012, he also purchased the Carmichael coal mine in Queensland and Abbot Point Port in Australia.
In May 2020, Adani secured the $6 billion world’s largest solar bid from the Solar Energy Corporation of India (SECI).
Future plans for Adani Green include the construction of an 8000 MW photovoltaic power plant.
A further 2000 MW of solar cell and module production capability will be established by Adani Solar.
The Adani Foundation is led by Gautam Adani. The foundation also works in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha in addition to Gujarat.
According to certain sources, he donated close to Rs 100 crore to the PM Cares Fund in March 2020 through the charitable arm of his organization to combat COVID-19. Moreover, about Rs 5 crore and Rs 1 crore were donated to the Gujarat CM Relief Fund and the Maharashtra CM Relief Fund, respectively.
Gautam Adani: Net Worth
As a result of allegations of stock manipulation and deception in January 2023, Adani’s net worth fell by more than 60% to an estimated US$45.7 billion as of March 2023, moving him down to the 26th spot on the Forbes and Bloomberg Billionaires Index.