Nationality Indian Role Business tycoon Ethnicity Gujarati | Religion Jainism Spouse Priti Adani Name Gautam Adani | |
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Residence Ahmedabad, Gujarat, India Organizations founded Adani Group, Adani Ports & Special Economic Zone Ltd, Adani Power Siblings Vasant S. Adani, Rajesh Shantilal Adani, Mahasukh Adani, Vinod Adani Parents Shantaben Adani, Shantilal Adani Similar People Mukesh Ambani, Dilip Shanghvi, Sunil Bharti Mittal, Aditya Vikram Kumar M, Anil Ambani | ||
Net worth 1.26 billion USD (2015) | ||
Gautam adani s full profile
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire businessman who is the chairman and founder of Adani Group. According to Forbes, his net worth is estimated to be $8.81 billion as of September 2017. He founded the Adani Group in 1988, which now deals in businesses spanning coal trading, coal mining, oil & gas exploration, ports, logistics, power generation, agriculture, edible oils, transmission and gas distribution.
Contents
- Gautam adani s full profile
- Gautam adani by raveena parmar
- Early life
- Career
- Adani Group
- Kamuthi
- Controversy
- Adani Foundation
- Personal life
- References
Gautam adani by raveena parmar
Early life
Gautam Adani was born into a Gujarati Jain Bania family on 24 June 1962, in Ahmedabad. He is the son of Shantilal and Shanta Adani and has seven siblings. His parents had migrated from the town of Tharad in the eastern part of Gujarat. He did his schooling at the Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad. He started a bachelor's degree in commerce at Gujarat University, but dropped out after the second year.
Career
After working as a diamond sorter at Mahindra Brothers for two years, Adani set up his own diamond brokerage business in Mumbai, India. Mahasukh Adani, his elder brother, called him back to Ahmedabad to run his newly purchased plastic factory. He soon started commodity trading by importing polyvinyl chloride (PVC), a key raw material for manufacturing plastic.
Adani Group
In 1988, he started Adani Enterprises Limited (formerly known as the Adani Export Ltd), the flagship company of the Adani Group, that traded in a variety of power and agricultural commodities. The 1991 economic liberalization policies fuelled the rapid growth of the business leading to huge profitability of Adani Exports. This provided further capital to Adani to expand his business. In 2006, Adani Exports was renamed to Adani Enterprises Limited. In 1993, the Government of Gujarat invited private companies to run the Mundra Port and in 1995 the contract was given to Adani Group. Today, Mundra Port is the largest Private Sector port in India, with capability of handling close to 210 million tonnes of cargo per annum.
Adani is also the founder and promoter of Adani Power Ltd (APL), a power business arm of Adani Group. Adani Power has thermal power plants with capacity of 4620 MW, the largest private thermal power producer of the country. It is also the largest solar power producer of India with capacity 648 MW.
Kamuthi
In September 2016, Adani Green Energy (Tamil Nadu), the renewable wing of the Adani Group, kicked off operations in Kamuthi in Ramnathapuram in Tamil Nadu with a capacity of 648 megawatts (MW) at an estimated cost of Rs. 4,550 crore.
Controversy
During the time of 2014 Loksabha elections of India, Adani was accused of various controversies. He was being accused of supporting Narendra Modi for his campaign in Bharatiya Janata Party. Even though claiming on national media that he has no special favors with Modi, , Modi was seen traveling on Adani group's chartered planes to rallies across India. To counter this allegation, Mr Adani spoke out in an interview with CNBC and clarified that the BJP paid market price to Adani Group for using its aviation services.
It was alleged that the NDA government was favouring Adani by allegedly waiving off Rs. 200 crore fine on Adani Port and SEZ. Adani, later, in an interview clarified the fine has not been dropped and the government is not favouring Adani either. He further clarified that the mine is owned by Rajasthan Government and Adani Group is just the mine contractor.
Adani Foundation
The Adani Foundation was founded in 1996, and is registered under the Bombay Public Charity Trusts Act of 1950 and Society’s Registration Act 1860. Other than Gujarat, the Foundation operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh and Odisha.
Personal life
He is married to Priti Adani, who is a dentist and heads the Adani Foundation as a managing trustee. They have two sons.