| Gautam Adani | |
|---|---|
 |
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| Native name | ગૌતમ અદાણી |
| Born | Gautam Shantilal Adani 24 June 1962 Ahmedabad, Gujarat, India |
| Residence | Ahmedabad, Gujarat, India |
| Nationality | Indian |
| Occupation | Chairman, Adani Group |
| Known for | Founder and chairman, Adani Group |
| Net worth | $6.3 billion (April 2017) |
| Spouse(s) | Priti Adani |
| Children | Karan Adani Jeet Adani |
| Parent(s) | Shantilal and Shanta Adani |
| Relatives | Vinod Adani (brother) |
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 $6.3 billion as of April 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.
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.
- Ports tycoon Gautam Adani controls Mundra Port, India’s largest, in his home state of Gujarat.
- His $12 billion (revenue) Adani Group’s interests span power generation and transmission, real estate and commodities.
- Adani owns Abbott Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world’s largest.
- In August 2018, Adani completed the $2.6 billion acquisition of Anil Ambani-owned Reliance Infrastructure’s power business in Mumbai.
- Adani has entered the petrochemicals sector in a $2.6 billion joint venture with Germany’s BASF and has also won bids to run 6 domestic airports.
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