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Gautam Adani
 Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire
industrialist and philanthropist who is the chairman and founder of the Adani Group—
an Ahmedabad -based multinational conglomerate involved in port development and
operations in India. Adani is the president of the Adani foundation, which is primarily led by
his wife, Priti Adani.He founded the Adani Group in 1988 and diversified his business into
resources, logistics, energy, agriculture, defense and aerospace, amongst others. According
to Forbes, his family's net worth is estimated to be around US$78.6 billion as of 9 June 2021.
He was the second richest man in Asia and 13th richest man in the world according
to Forbes, a spot that he attained in 2021. As of 2018 he had a 66% stake in Adani Ports and
SEEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani
Transmission On 17 June 2021, Adani lost the title of the second richest man in Asia due to
the sudden decrease in share prices of the Adani groups.
Early life
Adani was born on 24 June 1962 in a Gujarati Jain family to Shantilal and Shanti Adani
in Ahmedabad, Gujarat. He has 7 siblings and his parents had migrated from the town
of tharad in the northern part of Gujarat. His father was a textile merchant. He was educated
at Sheth Chiman Lal Nagindas Vidyalaya school in Ahmedabad. He enrolled for bachelor’s
degree in commerce at Gujarat university, but dropped out after the second year. Adani was
keen on business, but not his father's textile business.
Career
In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra
Brothers. He worked there for 2–3 years before establishing his own diamond brokerage firm
at Zaveri bazaar, Mumbai.
In 1981, his elder brother Mansukh Bhai Adani bought a plastics unit in Ahmedabad and
invited him to manage the operations. This venture turned out to be Adani's gateway to global
trading through polyvinyl chloride (PVC) imports.
In 1985, he started importing primary polymers for small-scale industries. In 1988, Adani
established Adani Exports, now known as Adani Enterprises – the holding company of the
Adani Group. Originally, the company dealt in agricultural and power commodities In 1991,
the economic liberalization policies turned out to be favourable for his company and he
started expanding the businesses into trading of metals, textiles, and agricultural products.
In 1994, the Government of Gujarat announced managerial outsourcing of the Mundra
port and in 1995, Adani got the contract.
In 1995, he set up the first jetty. Originally operated by Mundra Port & Special Economic
Zone, the operations were transferred to Adani port and SEZ (APSEZ). Today, the company
is the largest private multi-port operator. Mudra port is the largest private sector port in India,
with the capacity of handling close to 210 million tons of cargo per annum.
In 1996, the power business arm of the Adani Group, Adani Power, was founded by Adani.
Adani Power holds thermal power plants with a capacity of 4620 MW, the largest private
thermal power producer of the country.
In 2006, Adani entered the power generation business. From 2009 to 2012, he acquired
Abbot Point Port in Australia and Carmichael Coal in Queensland.
In May 2020, Adani won the world's largest solar bid by the Solar energy corporation of
india (SECI) worth $6 billion. The 8000 MW photovoltaic power plant project will be taken
up by Adani Group; and Adani Solar will establish 2000 MW of additional solar cell and
module manufacturing capacity.
In September 2020, Adani acquired a 74% stake in Mumbai International Airport, India's
second busiest.
Personal life
Adani is married to Priti Adani He was abducted and held hostage for ransom in 1998, but
was released without collecting the money. He was in the Taj Hotel during the 2008 Mumbai
Attack.
Philanthropy
Adani is the president 1996. Other than Gujarat, the Foundation operates in the states
of Maharashtra, of the Adani Foundation, funded through the Adani Group. It was founded in
Rajasthan, Madhyapredhesh, Chhattisgarh, and Odisha. In March 2020, he contributed ₹100
crore to the OM CARES fund through his group's philanthropy arm, to fight
the Coronavirus outbreak. A contribution of ₹5 crore was made to the Gujarat CM Relief
Fund and ₹1 crore to the Maharashtra CM Relief Fund. Adani led diversified
conglomerate Adan group imported four ISO cryogenic tanks filled with 80 metric tons of
liquid medical oxygen from Dammam in Saudi Arabia to Mudra in Gujarat. The group is also
securing 5,000 medical-grade oxygen cylinders from Linde Saudi Arabia. In a Twitter post,
Adani shared that each day his group is supplying 1,500 cylinders with medical oxygen to
wherever they are needed in Kutch of Gujarat. Adani Group is constituted of 6 publicly listed
entities with combined market capitalization in excess of$96.21 billion (as on July 08,
2021) with businesses spanning across Energy, Ports & Logistics, Mining & Resources, Gas,
Defence & Aerospace and Airports. In each of its business areas, the Group has established
leadership position in India.
Nation-building, for Mr. Adani, means transforming the coastline of India by building a
series of ports and logistics hubs, thus generating several tens of thousands of jobs. 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. It means enabling
food security by building a modern agriculture supply chain empowering the farmers of our
country. It means to fulfil India’s energy requirements and become one of the largest players
in sustainable energy by making the largest commitment to the renewable’s ecosystem
spanning across solar manufacturing, generation, and solar park businesses. It means playing
an instrumental role in helping India become self-reliant in defence and security, and making
India the hub for defence manufacturing.

The Group has a strong track record of working with global leaders who want to participate
in the India growth story; the global expertise of these international companies in their
respective businesses, combined with the local execution and market capabilities of Adani
Group has created enduring partnerships. The list of partners includes the likes of Wilmar
Group, Total SA and Elbit Systems, among others.

Adani Foundation, the Group’s Corporate Social Responsibility arm is among his key interest
areas. The Foundation’s pan-India initiatives across key sectors of education, healthcare,
sustainable livelihoods and community infrastructure development touch more than 3.4
million lives annually in 2315 villages across 18 Indian states.
Download high resolutio n image

 College dropout to business tycoon — tracing Gautam Adani's thorn-filled

journey

This isn’t just your ordinary 'rag to riches' story. This is the extraordinary tale of a man
who refused to cower down to fate and chose to make a solid mark in the business world
instead. Goutham Adani, Founder and Chairman of the Adani Group, is one of India’s
foremost business tycoons. Unlike many businessmen, Adani didn’t inherit his power and
position. Hailing from a typical Gujarati-Jain family, Adani had a natural propensity for
‘dhanda’ flowing through his veins. His parents, Shantaben and Shantilal Adani, had
migrated to the city of Ahmadabad from a small town called Tharad in Norther Gujarat in
hopes of securing greater opportunities for their eight children. Supporting eight children
was difficult, and understandably, money was a luxury for the Adanis.

He completed his schooling from Seth CN Vidyalaya in Ahmedabad and then enrolled
himself for as Bachelor’s Degree in Commerce at Gujarat University. It was when he was
pondering over accounts and statistics, he realised academics was not for him. Instead, he
felt that he could be using his time to do bigger and better things. While still in his second
year, Adani shocked many by dropping out of college. With only a hundred rupees in his
pocket, he took off to the city of dreams -Mumbai.

His had his first encounter with Lady Luck when he procured a job as a diamond sorter at
the Mumbai branch of the Mahindra Brothers. Soaking in the A to Z of the trade, while
also simultaneously making mental notes on the changing markets, he set up his own
diamond brokerage at Zaveri Bazaar, the unrivalled jewellery market of the city. This was
his first big break.

A year later, his older brother, Mahasukh Adani, bought a plastic unit in Ahmedabad and
requested him to return home and run the franchise. This turned out to be a turning point in
Gautam’s life. His decision to import polyvinyl chloride, a key industrial raw material,
marked his advent into the global trading market.

Economic liberalisation proved to be a blessing to Gautam. Using the situation created in

the markets to his advantage, he established the Adani Group in 1988. During its initial
years, the soon-to-be multinational conglomerate focused on agricultural commodities and
power. By 1991, the company had grown in both resources and power. Gautam believed
that the time was right for the company to diversify its commodities and interests.

Since then, the Adani Group has emerged as a diversified Energy and Logistics
conglomerate with key interests in Power Generation and Transmission, Coal Trading and
Mining, Gas Distribution, Oil and Gas Exploration as well as Ports and Special Economic
Zones. Despite owning this business giant with a flagship of over several billion dollars,
Gautam never forgets his humble beginnings. Thus, he makes it a point to give back to
society. With the support of his wife, Priti Adani, a dentist and managing trustee of Adani
foundation. the Adani Group is tied to a number of philanthropic organisations associated
with Education, Community Health, Sustainable Livelihood Development and Rural
Infrastructure Development. His vision is to “accomplish passionate commitment to the
social obligations towards communities, fostering sustainable and integrated development,
thus improving quality of life."

Gautam has had his fair share of rifts with the government as well. He has faced
controversy over some of his land dealings in business not being sanctioned properly.
Along with this, many of his business’ industrial units don’t have clearance from the
environment authorities of the state, leading to further ruffles with the High Court.

However, Gautam chooses to face his issues with his head held high. “Dealing with the
government does not mean you have to give a bribe,”  he has often been heard saying at
public events. Despite these issues, Gautam even managed to tackle and take down Sajjan
Jindal, the Chairman and Managing Director of JW Steel, acquiring the much sought-after
Udupi Thermal Power Plant at Rs 6,000 crore. Rumour has it that Gautam sealed the deal
in less than two days!

On his 54th Birthday, we salute the inspiring journey and hard-earned success of Gautam
Adani, a beacon of focus and determination. As he has often said, the key to success lies in
constant learning. With this as his mantra, he trots off to acquire yet another billion-dollar
enterprise.

 Listed Companies of Adani Group

In the recent past Mr Gautam Adani's wealth has soared to new heights and have added
nearly $36 Billion wealth to its kitty in the year 2021. With a new debate in the market -how
soon Mr Gautam Adani will surpass RIL Chairman Mr Mukesh Ambani in wealth and
become highest wealth grosser representing India in Forbes Wealth List, let's take a look into
financial indicators of its listed companies and the brief history of Adani Group how he made
up such a fortune out of his companies.

1. Adani Enterprises
Adani Enterprises is holding company which is primarily engaged in mining and trading of
coal and iron ore on a standalone basis, and acts as an incubator for Adani Group's new
businesses. The company has three main subsidiaries: Adani Wilmar (food processing),
Adani Airport Holdings (airport operations) and Adani Road Transport (road development).

Adani Wilmar: Incorporated in 1999, Adani Wilmar is an edible oil food processing

company and is a joint venture between Adani Group and Wilmar International. In November
2000, Adani Wilmar launched its flagship brand "Fortune" under which it produces and sells
edible oil, rice, wheat flour, gram flour, pulses, sugar and soya nugget

Adani Airport Holdings: Adani Airport Holdings is the airport management and operation
subsidiary of Adani Enterprises. It is the majority stakeholder in Mumbai International
Airport Limited (MIAL), which operates the Chhatrapati Shivaji Maharaj International
Airport
 Adani Road Transport: Adani Road Transport undertakes construction, operations and
maintenance of roads, highways, expressways and toll ways.
Former subsidiaries Adani Ports & SEZ, Adani Power and Adani Transmission was
demerged from Adani Enterprises in 2015 and the company Adani Green Energy and Adani
Gas were demerged in 2018.

2. Adani Green Energy

Adani Green Energy is the renewable energy arm of the group with portfolio of 5,290 MW
of wind and solar power plants. The company is in growth phase and is looking forward to
align its policy with Government targets to meet environmental objectives to become zero
carbon emission country in near future through its Green Energy Mission.

3. Adani Ports & SEZ

Adani Ports and SEZ is the largest private port company and special economic zones in India.
The company is headed by Karan Adani, CEO of APSEZ. The company's operations include
Port management, logistics and the special economic zones. In August 2020 the Mundra Port
became largest container port in India surpassing JNPT.

4. Adani Power
Adani Power was established in August 1996. The company develops and maintains power
projects in India. The firm has a combined installed capacity of 10,440 MW with four
thermal power projects across India.
The company has following subsidiaries that are operational:
· Adani Power Maharashtra Limited
· Adani Power Rajasthan Limited
· Adani Power Dahej Limited
· Mundra Power SEZ Limited
· Adani Power (Overseas) Limited

5. Adani Total Gas

Adani Total Gas is a city gas distribution company mainly serving both industrial and
residential customers in Gujarat. It is a joint venture between Adani Group and the French oil
and gas company Total SE. Its industry Peers are Indraprastha Gas, Gujarat Gas and
Mahanagar Gas.

6. Adani Transmission
Integrated in 2013, Adani Transmits handles the commissioning, operations and maintenance
of electric power transmission systems. The holding company holds, operates and maintains
8,511 circuit kilometres of transmission lines that range from 400 to 765 kilovolts. The total
transmission capacity of the company is 16,200 MW

 Leadership Qualities, Skills, and Styles of Gautam Adani

1. Determination:

Gautam Adani was determined to become successful in the world from his

boyhood. He left his school and shifted to Mumbai to start his own business. He
established his business and now his company has made new heights in the
business industry with serious determination.

2.Visionary with a Foresight:

Gautam Adani was a visionary man with foresight and this quality helped him to
expand his business to Port business. Thus, he has created a monopoly market in
that segment of the business. Today he is the largest port owner in India and he is
continuing to expand his port business.

3.Global Leader:

Gautam Adani was involved in trading and he used ports in his country. Later he
realized there was more space to expand his own global trading. As a result, he
strengthens his trading and transformed it into global trading. Later he bought a
large mine in Australia for $10 billion.

4.Works with Mantra:

In an interview with the press, he once said that he works with a mantra which helped him to
reach his success. He is always focused on trying to get results rather than obsessed with
them.

5.Philanthropist:

From the Adani Foundation, Gautam Adani gives away around 3% of the
earnings for philanthropic activities. This quality has made Adani a unique leader
in the world. He also gives back to his society as a part of his commitment and
also a part of his company’s corporate social responsibility (CSR).

6.Quick Learner:

Gautam Adani paved his own road to success. He never had an interest in
running his family business. On the opposite, he moved to Mumbai and started as
a diamond broker. He made his first million in his third year of Mumbai life. Later
at the age of 20, he became a self-made billionaire. He learned everything about
becoming a success in the short term.

7. Ability to Win over People:

Possessing the quality of winning peoples’ minds is a great virtue of Gautam

Adani. In the late 1990s, an employee of Adani Export made a wrong decision in
the sugar industry which cost the company RS 20-crore loss. Gautam Adani did
not fire that employee and instead, he motivated him to do better and to stay in the
company.

8.Keen Observer:

Gautam Adani is a keen observer and he knew that investments in the early stage
of business with accurate knowledge of demand and supply will bring a huge
return. For example, Adani built his own airstrip and now he will make it an
international passage or cargo terminal for high demand products like diamonds,
pharmaceuticals, and precision engineering products.
 Reference

 https://en.wikipedia.org/wiki/Gautam_Adani
 Gautam Adani & family (forbes.com)
 https://www.thestrategywatch.com/leadership-qualities-skills-and-styles-of-gautam-adani/
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