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Gautam Adani

Gautam Adani

Indian businessman

Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist and philanthropist. He is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani is also the president of the Adani Foundation, which is primarily led by his wife, Priti Adani. He is the richest man in Asia surpassing Mukesh Ambani with a net worth of US$90.4 billion according to Forbes Real Time & Bloomberg Billionaires Index.

He founded the Adani Group in 1988 and diversified his business into resources, logistics, energy, agriculture, mechanic, defence and aerospace, amongst others. According to Forbes, his family's net worth is estimated to be around US$90.4 Billion as of 28 January 2022. He replaced Mukesh Ambani as the richest man in Asia and overall 10th richest man in the world according to Forbes,as of January 2022 he has 74% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 74% stake in Adani Power.

Mr. Gautam Adani is the founder and the Chairman of the Adani Group which ranks among the top 3 industrial conglomerates in India. Mr. Adani, a first-generation entrepreneur, is driven by the core philosophy of infusing “Growth with Goodness” through his vision of nation-building. Each of the Group’s businesses are focused on helping build world-class infrastructure capabilities to help accelerate the growth for India.

Adani Group is constituted of 6 publicly listed entities with combined market capitalization in excess of 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 fulfill India’s energy requirements and become one of the largest players in sustainable energy by making the largest commitment to the renewables 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.

Timeline

June 24, 1962
Gautam Adani was born.

Patents

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September 30, 2021
The Economic Times
Since listing, the share price of Prince Pipes and Fittings has increased 293 per cent, or nearly four times, so has the promoter wealth. The familys personal wealth stood at Rs 5,500 crore.
September 21, 2021
https://www.outlookindia.com/
The announcement came weeks after India's richest man Mukesh Ambani announced an investment of Rs 75,000 crore ($10 billion) in clean power and hydrogen fuel over three years.
September 2, 2021
The Economic Times
The two large corporate houses, along with six others, accounted for 30 per cent of the total wealth generated on BSE during the eight-month period.
Press Trust of India
August 26, 2021
@bsindia
Global oil majors may be teaming up with investment funds that are already in the race to acquire BPCL, a document detailing steps needed to complete Indias biggest privatisation showed
August 13, 2021
Moneycontrol
The list, which is first of its kind, was released on Thursday by Indiaspora, a US-based diaspora body, with guidance from nine jurors and drawing from multiple sources, including reputed studies, earlier verified lists and publicly shared documents.
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