MR.

GAUTAMA ADANI

Article On

Entrepreneur

Submitted To:

Submitted By:

JM Garcia

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About Gautam Adani

Indian industrialist Gautam Adani was born on June 24, 1962, in

Ahmedabad. The Adani Group, a prominent trade and export company in India,

is led by him as its chairman. With a personal worth of US$6.7 billion, Adani

became the first billionaire from Ahmedabad on November 16, 2007, when

Forbes magazine declared him to be the 13th richest person in India.

Biography

Gautam Adani, a prominent figure in the business world, was born on June 24,

1962, into a Gujarati Jain family. His parents, Shantilal and Shantaben Adani,

had migrated from the town of Tharad in northern Gujarat in search of better

opportunities. Gautam was born in the Seth ni Pol area located in Ratanpol,

Ahmedabad. Growing up, he had the company of seven siblings.

At the tender age of 18, Gautam embarked on a journey to Mumbai with only a

few hundred rupees in his pocket, driven by the desire to make a living. He

attended Seth C. N. Vidyalya school in Ahmedabad and later pursued his

education at Gujarat University. However, Gautam did not complete his

Bachelor's Degree in Commerce, as he decided to drop out after completing his

second year.

Gautam's career began in Mumbai, where he worked as a diamond sorter at

Mahindra Bros. After dedicating two years to this role, Gautam, who was then 20

years old, took a leap of faith and established his own diamond brokerage outfit

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at Zaveri Bazaar. This venture proved to be a turning point in his life, as he

achieved his first significant financial milestone by earning one lakh.

In 1981, Gautam's elder brother, Mansukhbhai, purchased a plastics unit in

Ahmedabad and entrusted Gautam with its management. This marked the

beginning of Gautam's entry into global trading, as he started importing polyvinyl

chloride (PVC), a crucial raw material for plastic manufacturing. With the

economic liberalization that followed, the import duty on various goods was

significantly reduced, leading to substantial profits for Adani Exports, Gautam's

flagship company at the time.

Gautam Adani's journey is a testament to his determination and entrepreneurial

spirit. From humble beginnings, he has risen to become a prominent figure in the

business world

Gautam Adani, a prominent Indian entrepreneur and self-made billionaire, is the

Chairman of the Adani Group, a highly diversified conglomerate in India. He is

married to Priti Adani, a dentist who also serves as the managing trustee of the

Adani Foundation. Together, they have two sons. Karan Adani, aged 20, is

currently pursuing his BS in Management at Purdue University in the United

States. Their younger son, Jeet Adani, is 10 years old.

Gautam Adani, now 46 years old, owns two private jets - a Beechcraft jet

purchased in 2005 and a Hawker purchased in 2008. According to Forbes' 2009

report, his net worth stands at an impressive $1.6 billion.

Born on June 24, 1962, in Ahmedabad, Gautam Adani's journey to success

began at a young age. Despite dropping out of college, he moved to Mumbai as

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a teenager and secured a job as a diamond sorter. Eventually, he ventured into

the diamond brokerage business.

In the early 1980s, Adani returned to Ahmedabad and entered the plastic

industry. It was during this time that he started importing PVC, a crucial raw

material for plastic manufacturing. This marked his entry into global trading,

which was greatly influenced by India's economic liberalization in the late 1990s.

Adani further diversified his business interests into infrastructure.

Today, the Adani Group has evolved into a multi-billion-dollar business empire.

Gautam Adani's vast business interests encompass power, infrastructure,

trading, energy logistics, SEZs, and oil and gas exploration. Notably, he is the

driving force behind Mundra Port, the largest private sector port in India.

Established in 1996, the Adani Foundation manages the Corporate Social

Responsibility (CSR) initiatives of the Adani Group. The foundation actively

engages in various activities such as rural development,

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History

The Adani Group, despite its humble beginnings in 1988, has emerged as one of

the fastest-growing and highly regarded enterprises in India and the global

market. Founded by Mr. Gautam S Adani, the flagship company, Adani

Enterprises Ltd. (formerly known as Adani Exports Ltd.), started as a partnership

firm with a modest seed capital of Rs. 5 lacs. However, driven by an

entrepreneurial vision, ambitious goals, and unwavering dedication, the company

has experienced remarkable growth.

By adhering to world-class quality standards and adopting a customer-centric

approach, the Adani Group has achieved impressive revenues of INR 262 billion

as of March 31, 2009. This success story is marked by a transformative journey

from being India's most trusted trading house to becoming a diversified

conglomerate. Today, the Adani business portfolio encompasses a wide range of

industries, including Edible Oil, Logistics, Power Generation, Coal, Oil and Gas

Exploration, Gas distribution, Real Estate, Ports, Special Economic Zones, and

IT-enabled services.

The Group's growth has been organic, fostering a synergy among its various

business units, which in turn enhances productivity and competitiveness. This

strategic approach has not only contributed to the Group's profitability but has

also solidified its position as a leader in the industry.

With a commitment to excellence and a forward-thinking mindset, the Adani

Group continues to expand its horizons, exploring new opportunities and pushing

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boundaries. By leveraging its expertise and resources, the Group aims to make a

lasting impact on the global business landscape.

In conclusion, the Adani Group's remarkable journey from its modest beginnings

to its current stature as a thriving conglomerate is a testament to its unwavering

dedication, entrepreneurial spirit, and commitment to delivering exceptional value

to its customers. As the Group continues to evolve and diversify, it remains

poised for even greater success in the future.

Personnel Information

Date of birth:

● Jun 24, 1962 (age 47 years)

Profession:

● Businessperson

Country of nationality:

● India

Company board memberships:

Chair person Adani Group

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Place of birth:

● Ahmedabad, India

Gender:

● Male

Parents:

● Shantaben Adani

● Shantilal Adani

Children:

● Jeet Adani

● Karan Adani

Siblings:

● Mansukhbhai Adani

Spouse (or domestic partner):

● Priti Adani

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Employment history:

Employer Title From

● Adani Group ● Owner ● 1988

● Mahindra Bros. ● Diamond Sorter

Education:

Major/Field Of
Institution
Study

● Gujarat University Commerce

● Seth C. N. Vidhyalay ● High school

Places lived:

● Ahmedabad

● Asia

● Australia

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The Organization

Organizational Structure

 Formal 3-tiered Governance structure

● Board of Directors

● Corporate Management Committee

● Executive Committee

 Value creation in businesses through EVA

 Strategic business review meets Quarterly / Half yearly / Yearly basis

 Quantified target setting & linking to rewards

 Strong process orientation through SOPs

 Investment in futuristic IT infrastructure

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The Leadership

Gautam S. Adani is the esteemed Executive Chairman and visionary

founder of the Adani Group. With a solid educational background up to

matriculation, he boasts an impressive track record of over 20 years in the

business and trading realm with Adani. As the driving force behind the

Company's new business initiatives and strategic plans, Gautam has propelled

the Adani Group to become a diversified conglomerate with a wide range of

interests. These include international trading, infrastructure development, power

generation and distribution, special economic zone development, gas

distribution, trading, and business process outsourcing. His instrumental role in

diversifying the Adani Group into the power sector has been truly remarkable.

Rajesh S. Adani, the accomplished Managing Director of the Company,

holds a bachelor's degree in commerce from the esteemed Gujarat University.

Since the inception of Adani Enterprises Limited, Rajesh has been an integral

part of the organization. He assumes the crucial responsibility of overseeing the

day-to-day operations of the Company, ensuring its smooth functioning.

Additionally, Rajesh has played a pivotal role in cultivating and nurturing the

business relationships of the Company. His expertise extends to handling the

marketing and finance aspects, further contributing to the Company's success.

Vasant S. Adani serves as a Non-Independent and Non-Executive

Director of the Company. He has obtained a bachelor's degree in Arts and is

responsible for overseeing the administrative aspects of the Adani Group. With

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over 25 years of experience in management and real estate development,

Vasant S. Adani brings a wealth of expertise to his role.

Amratlal C. Shah is an Independent Non-Executive Director of the

Company. Holding a doctorate in economics, he boasts an impressive three

decades of banking experience, including his tenure as the chairman and

managing director of Bank of Baroda. Dr. Shah's extensive professional

background also includes serving on the boards of esteemed companies such as

UTI Bank Limited, Reliance Capital Limited, Jet Airways Limited, S. Kumar

Nationwide Limited, Elecon Engineering Company Limited, Gujarat Petro

Synthesis Limited, Goldcrest (India) Limited, and Gujarat Lease Finance Limited.

Notably, he has chaired numerous committees on banking, including the recent

RBI Committee on the functioning of Non-Banking Finance Companies.

Pravin P. Shah is an Independent Non-Executive Director of the

Company. As a chartered accountant with a doctorate in Finance, Dr. Shah is a

partner at the esteemed chartered accountants firm, Pravin P. Shah & Co., and

also owns the chartered accountancy firm, Pravin P. Shah & Associates. With

over 40 years of experience in financial consultancy, taxation, valuation, property

matters, accounting, auditing, corporate laws, and FEMA, Dr. Shah's expertise is

highly regarded. He has authored seven books on topics ranging from costing

and management strategies to billion-dollar companies and taxation.

Jay H. Shah serves as an Independent Non-Executive Director of the

Company. Holding degrees in commerce and law, Jay H. Shah has been an

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integral part of the Company since its inception. With a deep understanding of

the Indian petrochemicals sector, he brings extensive experience to his role.

Yoshihiro Miwa serves as an Independent Non-Executive Director of our

esteemed company. He holds a master's degree in commerce and possesses

extensive expertise in Commercial Science and Business Administration.

Additionally, Mr. Miwa holds the esteemed position of chairman at Kowa

Company Limited in Japan.

Anil Ahuja is another esteemed Independent Non-Executive Director of

our company. He holds a bachelor's degree in Mechanical Engineering from the

prestigious Indian Institute of Technology (IIT) in New Delhi, as well as a Post

Graduate Diploma in Business Management from the renowned Indian Institute

of Management (IIM) in Ahmedabad. With over 20 years of experience in

international financial services, Mr. Ahuja is a seasoned professional in his field.

He is also recognized as one of the earliest private equity investors in India,

boasting over 10 years of investment experience. Throughout his career, Mr.

Ahuja has worked with esteemed organizations such as 3i Group Plc., JP

Morgan Partners Asia, and Citibank in Mumbai.

Citizen Adani

Genesis of Adani Foundation

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 Adani Foundation was established in May 1996. Situated in Ahmedabad, it

is a part of the prestigious Adani Group and looks after the Corporate Social

Responsibility related activities of the Group, which has now become

synonymous with creating wealth for the people. Adani Foundation was

established with the vision to “accomplish passionate commitment to the social

obligations towards communities, fostering sustainable and integrated

development, thus improving quality of life". We began in a small way by working

with a few rural communities around our Port at Mundra.

Through its grant, the Foundation supports efforts in the development of

society, in areas of Rural Livelihoods & Communities, Education, and Health.

Besides institutional grants, the Foundation also makes individual grants for

education and medical relief. The Foundation is registered as a NGO and

operates in Gujarat with major focus in Kutch & Ahmedabad. This year, it will

expand to other locations in the country. The Foundation is active in four major

areas for all sections of the society:

● Medical

● Education

● Rural Development

● Charitable & General

Activities at Ahmedabad

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The Ahmedabad office holds the secretariat of the Foundation. The activities

which are directly managed by the Ahmedabad Office are:

A. Medical

1. Medicines prescribed by the hospitals/ specialists a provided free of cost

to 290 patients including 52 HIV positive patients.

2. Financial assistance was provided to patients for surgeries, and critical

diseases, looking to the severity of the cases.

3. Financial Assistance to peer groups: Shree Rajrajendra Suri Charitable

Trust, Surat was given financial support worth Rs 11 Lakhs towards

setting up a new dispensary in Surat for the under-privileged.

B. Education

1. Scholarship Scheme: This scheme is meant for all children who secure

more than 70% marks in aggregate and are from Below Poverty Line

strata. 46 meritorious students availed these scholarships applicable from

5th standard onwards up to professional courses.

2. 9+2 Scheme: We helped 88 students under this scheme, wherein, nine

months tuition fees and two term fees were paid directly to the educational

institutions.

3. Vidya Sahay: This scheme enables/make feasible quality education

accessible to needy associates of the Adani Group & to mitigate the

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 hardship in educating their children on account of the high cost of

education. Under this scheme 83 children availed Vidya Sahay amounting.

4. Adani Vidya Mandir: “SUCCESS IS NOT TRUE UNLESS IT IS

SHARED”, believing in this philosophy Adani Foundation has set up

“Adani Vidya Mandir” school to impart quality education & good facilities to

under-privileged meritorious students totally free. This will enable them to

fulfill their dreams and aspirations. The school was formally declared open

on 12th June 2008. From this year, Class III and IV are operational. A total

of 140 students have taken admission in the school through an entrance

test held in the months of April & May.

5. Financial Assistance to peer groups:

o Banaskantha Kelavani Mandal was given financial support worth

Rs. 25 Lakhs towards construction of a new school.

o Jay Parsvanath Education Trust was given financial support worth

Rs 5 Lakhs towards construction of new classrooms at Dholka,

Ahmedabad.

C. Others

● Shree Navchetan Andhjan Mandal was given support worth Rs 25 Lakhs

towards construction of their new campus in Kutch

● Shree Yagkshem Foundation for Human Dignity, Ahmedabad was given

financial assistance of Rs. 2 Lakhs towards their work on Human Rights

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Adani DAV Public School, Mundra

The results of Class X and XII have been very encouraging. Krishna Yogesh

Shah secured highest 93.2% in her Class X board exams. The school again

repeated its 100% results in Class X, Class XII Commerce and Class XII Science

since the first batch of Class X appearedin 2004.

The total enrollment in the school this year is 137 making a total of 701 students

with 44 teachers. This makes the teacher student ratio of 1:16 which is very high

compared to other schools where the average is 1:35.

Rural Development Activities at Mundra, Kutch:

In Mundra, Adani Foundation has set up a team for addressing various issues

for the rural community. We work in three core areas; Education, Health and

Livelihood

Education:

● 20 volunteers completed their duties as teaching assistants in primary

schools of Mundra Taluka for the academic year of 2007-08. They also

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 underwent training of Sarva Shiksha Abhiyan (SSA). These Education

Volunteers also implemented Meena Communicative Initiative aimed at

Girl Child Education and Child’s Rights

● Crafted new role and responsibilities for Education Volunteers with

consultation from UNICEF and District Primary Education Officer for the

academic year of 2008-09

● Prepared a model for School Health Corner. 40 group schools of Mundra

and Mandavi Talukas are provided with Model Health Corner Kit

consisting of full size mirror, 5 napkins, 6 combs, 6 nail clippers, Height

measuring Scale and posters for creating health awareness.

● A.F. also assisted in distributing textbooks to schools.

● Training session with volunteers

● A.F. Team participated in School Enrolment Drive of current year

● 45 schools have been identified for Educational Inputs with emphasis on

Girl Child Education and Quality of Education.

Health:

● Mobile Dispensary is rendering services to 24 villages and three labour

colonies and has treated 2513 patients in April and 2403 patients in May

2008 absolutely free.

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 ● Medical camp at Zarapara port colony where 94 patients got free

treatment

● Specialty camps/ Gynaec camps were organized at Tunda, Baroi and

Deshalpar village as well as at APL and Samudra labour colonies. Over

200 women got treatment for various gynaec ailments for which they

would not have gone anywhere unless it gets very serious. Dr. Chitra

Bhatnagar- M.D. (Ob.Gy.) rendered her services on a voluntary basis.

● Life Skill Education Talk followed with question answer session with

students and teachers of Adani DAV School with Dr. Chitra Bhatnagar

● In collaboration with Government Community Health Center vaccination

and ante- natal care is provided at labour colonies namely at Samudra

Township and Mithani’s Colony on Tuesdays of the month.

● Pre- monsoon health awareness programme conducted at various labour

colonies

● Demonstration of chlorination of water along with material supply carried

out at various labour colonies

● HIV/AIDS awareness talks at Indra security and Samudra Township

Livelihood Activities:

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● Group meetings with Cattle Owners at Mangara for low cost cattle shed

for reducing wastage of fodder

● Awareness Night Camp with Veterinary Dr. Prakash Modi at Goersama

and Shekhadiya benefiting 64 cattle owners’ families

● Continue implementation work of Samaghogha Check Dam on Phot river

under Sardar Sahabhagi Jal Sanchay Yojana. 80 % construction is over.

Total cost of this dam is rupees fifty lacs approx.

● Bhumi Pujan for starting implementation of Vaghura Check Dam on village

river

● Support in construction of 126 individual toilets at Wanki village. We came

across many touching stories such as- Ratanben Aahir who came to

village Wanki 30 years ago following her wedding to a village man. Not

having a toilet in the house was very disturbing and I could never get over

the overwhelming feeling of shame and embarrassment. To top this, her

fate put her in even more difficulties and drudgery as her husband met

with an accident and was partially disabled. Now she had to carry his

excreta for disposal in an open outside village everyday. Now with the

toilet in the house we could see tears of happiness and relief.

● A.F. The team participated in the Krishi Rath Programme of Government

of Gujarat in Mundra Taluka. Public recognition was given to our efforts in

the areas of Total Sanitation Campaign, Animal Husbandry and

Agriculture and water saving devices

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 ● Concluded six weeks training for Diesel Engine Maintenance with partial

funding from NABARD under Skill Development Initiative. Two trainees

have already been selected for placement. Three to four have continued

with their own workshop with more vigor. Follow up for more placements

and entrepreneurship continues.

● We have submitted two more proposals under the Skill Development

Initiative to NABARD.

Other News:

● Dr. Pritiben G. Adani signed a Memorandum of Understanding for

Technical Support with UNICEF.

● WASMO has agreed to support us in our efforts towards Total Sanitation

Campaign and school hygiene sanitation programme

● We have expanded our team by recruiting six community mobilizers with

graduate and post graduate degrees in relevant education streams and of

total work experience. We have also recruited project officers/ programme

specialists for Health and Animal Husbandry and other livelihood activities

● Team leaders visited Dahej and Tiroda sites for assessing and exploring

the possibilities of CSR activities in those areas. A person to look after the

Dahej site has been shortlisted.

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Activities at Gurgaon

A blood donation camp was organized at ADANI House, Gurgaon, in

coordination with Red Cross Society, India. A total of 57 units of blood were

donated by equal numbers of volunteers for the noble cause of saving lives of

people.

About Adani Group

Group Highlight

Established in 1988, the Adani Group has undergone a remarkable

transformation from a mere trading house to a dynamic and diversified business

conglomerate. With a wide range of interests spanning from infrastructural

development to FMCGs, we have firmly established ourselves as a leader in

international trading and infrastructure development.

Our relentless pursuit of excellence drives us to continuously explore and

exploit the potential synergies among our various businesses, thereby creating

an optimal business model. As a result, we have successfully ventured into high-

growth sectors such as Power, Infrastructure, Global Trading, Logistics, and

Energy. Our achievements in these sectors have set industry benchmarks,

inspiring others to follow suit.

At present, we proudly operate the largest private port in India, develop

the largest multiproduct SEZ in India, possess the largest edible oil refining

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capacity in the country, and stand as one of the largest trading houses in India.

These accomplishments reflect our unwavering commitment to delivering

exceptional returns to our stakeholders and transforming partnerships into

winning combinations.

We assure our stakeholders that the Adani Group will continue to strive for

excellence, leveraging our diverse portfolio and expertise to drive sustainable

growth and create value for all.

Chairman's Message

It’s my pleasure to introduce, before you, the Adani Group; a conglomerate

that spans a diversified, yet complementary business portfolio.

Our businesses range from Commodities Trading to Edible oil

Manufacturing; from Greenfield port operations to natural gas distribution

as well as power generation.

We have committed ourselves to building a world-class organization; we have

been putting in the efforts to develop world-class competencies. We are pushing

the envelope, expanding the international market frontiers and guaranteeing solid

fundamentals for the organization’s future.

At Adani, we have always strived to explore and take advantage of the existing

and emerging market opportunities to build value for our trade and investment

partners. This has helped us and our partners to keep abreast of business

competencies and harvest the overseas investment opportunities.

Adani is in its most glorious phase ever and I am excited about its future. As we

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potentiate our capabilities, expand our operations, we stand at a locus of

domestic and global possibilities that we are destined to reap. Today's world is

constantly demanding cleaner and better energy sources. As India and the world

look expectantly to us, we must deliver. We have everything going for us…

excellent relationships with our trade partners and shareholders and big

ambitious goals. But more than anything else, we have the right people and the

right leadership.

What can stop us on our path to growth?

Nothing…well, almost.

Gautam S. Adani

Chairman, Adani Group

Vision

To be an entrepreneurially driven enterprise – Thinking innovatively in all aspects

of the business, from technological to commercial. To be intensely competitive in

whatever we do, by constantly bettering the benchmarks set by us.

To be a globally preferred business associate - an entrepreneurial organization

having responsible concern for employees, society, the ecology, and stakeholder

value. Strive to generate optimum value for all our associates through constant

innovation and adoption of universal best practices and improving upon all those

touch points that directly impact the business.

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To be a responsible concern – We shall harmonize all our actions and reactions,

with the global environment and actively work to reduce our environmental load

Mission

To assimilate knowledge, develop capabilities and manage collective enterprise

to profitably tap global commercial advantages for the benefit of stakeholders.

Group Values

From inception three values have driven all the activities of the Adani Group.

They are central to our operations worldwide and will continue to be at the core

of all our businesses.

Trust - We will deliver on all our promises - our word is our bond.

Courage - We will support our decisions and actions with conviction.

Innovation - We will think laterally and never fight shy of embracing big ideas.

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Companies of Adani Group

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