biography of gautam adani
Biography of Gautam Adani, Who is Biography, History, Net Worth, Net Worth, Business, Cast, House, Company
biography of gautam adani
Gautam Adani is one of the richest man in the world and Indian billionaire industrialist and philanthropist Gautam Shantilal Adani is the chairman and founder of Adani Group.
Founded in 1988 by Gautam Adani as a commodity trading business under the flagship company Adani Enterprises Limited, Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad, Gujarat, India.
Adani's wife Preeti Adani heads the Adani Foundation which works for social services. Formed publicly listed entities.
Let's take a look at Gautam Adani's family, early life, education, career, philanthropy etc.
biography of gautam adani
who is gautam adani
Gautam Adani is an Indian billionaire industrialist and one of the richest man in the world. He is the chairman and founder of the Adani Group. It is headquartered in Ahmedabad, Gujarat, India. Adani Group is an Indian multinational conglomerate and Preeti Adani, wife of Gautam Adani, leads the Adani Foundation.
He is a first generation entrepreneur and is known for promoting development through his vision in nation building. He lost the title of the second richest person in Asia on 17 June 2021 due to a sudden drop in the shares of Adani Group.
Birth and early life of Gautam Adani
He was born on 24 June 1962 in a middle-class Jain family in Ahmedabad, Gujarat. His father's name was Shantilal and mother's name was Shanti Adani. He has seven siblings and the eldest is Mansukhbhai Adani. The family migrated from Tharad town in northern Gujarat in search of livelihood. His father was a small cloth merchant.
education of gautam adani
He did his schooling from Sheth CN Vidyalaya School, Ahmedabad. In Gujarat University, he took admission for a bachelor's degree in commerce, but dropped out after the second year.
Gautam Adani's wife/children
He is married to wife Preeti Adani, who is a dentist and heads the Adani Foundation. They have two sons named Karan Adani and Jeet Adani.
Story of Gautam Adani's business
Gautam Adani was always attracted to business but did not take over his father's textile business. See how he continued to grow his business and became one of the richest men. Let's know about their business.
Getting Started with a Diamond Brokerage Firm
When he was a teenager, he moved to Mumbai in 1978 and started working as a diamond sorter for the Mahendra Brothers. He worked there for about 2-3 years and later he set up his own diamond brokerage firm in Zaveri Bazar, Mumbai.
Import of Polyvinyl Chloride (PVC)
Gautam's elder brother Mansukhbhai Adani bought a plastics unit in Ahmedabad in the year 1981 and invited Gautam to work with him in managing the operations. His venture became Adani's gateway to global trade through polyvinyl chloride (PVC) imports.
Adani Exports launched
Later in 1985, Gautam started the business of importing primary polymers for small scale industries. After the business, he founded Adani Exports in 1988. The company deals with agriculture and power commodities. Adani Exports now called Adani Enterprises – the holding company of the Adani Group,
Expanded business in the 90s
In the period of globalization in the 1990s, India's economic liberalization policies turned in Adani's favor as he started expanding his business in various sectors such as trading in metals, textiles and agricultural products.
Adani Power launch
Adani also expanded his business in the power sector and in 1996 he expanded the Adani Group with Adani Power. Adani Power has thermal power plants with a capacity of 4620 MW and is the largest private thermal power producer in India.
Abbott Point Port begins –
Adani also expanded its power generation business in 2006, and the Adani Group later acquired Abbot Point Port in Australia and Carmichael Coal in Queensland from 2009 to 2012.
World's largest solar bid won
Adani Group got solar power as they won the world's largest solar bid by Solar Energy Corporation of India (SECI) in 2020. The plant was valued at $6 billion. 8000 MW photovoltaic power plant project to be taken up by Adani Green in future; Adani Solar will set up 2000 MW of additional solar cell and module manufacturing capacity.
Social Work of Gautam Adani
Gautam Adani is the chairman of Adani Foundation. The Foundation operates not only in Gujarat but also in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh and Odisha.
According to some reports, he contributed around Rs 100 crore to the PM Cares Fund in March 2020 through the philanthropic arm of his group to fight against COVID-19. Also, contributed about Rs 5 crore to Gujarat CM Relief Fund and Rs 1 crore to Maharashtra CM Relief Fund.
The Foundation is active in four key areas for the society:
education
medical aid
rural Development
charitable initiative
gautam adani kidnapping
In 1998, Gautam Adani was kidnapped and taken hostage in exchange for ransom. They were later released after paying the hostages.
gautam adani mumbai attack
Gautam Adani was also one of those who were trapped during the 2008 Mumbai terror attack as he was staying at the Taj Hotel. He was later saved safely.
Controversy related to Gautam Adani
Gautam Adani was accused of supporting Narendra Modi during the 2014 Lok Sabha elections. He was accused of providing special benefits to Modi by providing Adani Group chartered aircraft to travel for rallies across India. Clarifying the allegation in an interview with CNBC, Mr. Adani said the BJP paid market value to its group of companies to use its aviation services. ,
Her abduction in 1999 by underworld don Anees Ibrahim had made headlines overnight. He was released for ransom of 3 crores. However, the reasons for the kidnapping and other details could not be confirmed.
In 2002, the Delhi Police detained him on charges of cheating in a case forged by a rival.
In the late 1990s, he was under investigation for alleged invoicing and money laundering. He was also accused of possible collusion with rogue businessman Ketan Parekh.
gautam adani net worth
According to Forbes, the net worth of Gautam Adani family is estimated to be around US$ 78.6 Billion i.e. 56,89,196,900.00 INR (5.68 Billion) as of June 9, 2021.
However, in the past few weeks, the company faced a major fall in the shares and even the net worth fell to $62.3 Billion which is 46,27,48,82,50,000.00 INR (4.62 Billion).
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