Gautam Adani is known to be the founder and also the chairman of the Adani Group. One of the top industrialists and philanthropists of India. Which accommodates him to be one of the known billionaires in India. The company is said to be based in Ahmedabad, which is known to deal in businesses like port flourishing and related operative matters instilled in India. He is also said to be the president of the Adani Foundation, which is run by his wife Priti Adani.
The Adani group is said to be founded in the year 1988. From there on further he expanded towards resources, logistics, energy, agriculture, defence and aerospace and which thus lead to diversion in more areas. His accumulated net worth is fixated to be US$78.6 billion as of 2021. In Asia, he is founded to be the second richest man, while globally he is ranked to be the 13th richest man.
His stakes are variated throughout like 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission.
Adani started with his business venture in 1981 when he was invited by his elder brother to Ahmedabad to manage the unit of Adani plastics which accounted to be his stepping for the global market of PVC. From there on he started exporting to small scale establishments, then in around 1988, he founded Adani exports which are now known to be Adani enterprises.
Originally the company dealt with agricultural and power commodities but later favoured into trading of metals, textiles, and agro products. Later the group also conjured the contract of Mundra port under the Adani Ports and SEZ, now establishing to be one of the most renowned multi-port operators.
Then later Adani conjured the Adani power which accommodates thermal power plants of 4620 MW. Later he accounted power generation business and attributed Abbot Point Port in Australia and Carmichael coal mine in Queensland. He also acquired a 74% stake in Mumbai International Airport. And then also accumulated globally renowned and the largest solar bid by the Solar Energy Corporation of India worth $6 billion. Companies like Elara India Opportunities Fund, Apms Investment Fund, Cresta Fund, Albula Investment Fund, Lts Investment and Asia Investment Corp have invested about 95% of their stakes in Adani group firms, which further more contribute to the wealth surge of the Adani group.
Known for its most successful port businesses, the Adani subsidiary is said to amount to a market share of about 5% to 41% and overall company growth is said to be 25% with a growth of 4 % in FY21.