India has given the most notable billionaires to the world. The Adani group is an Indian multinational conglomerate with a revenue of $12 Billion for the financial year 2015-2016 alone. The headquarters of this company is situated in Ahmedabad, Gujrat, India. Adani is one of the leading business tycoons with the business of coal trading, coal mining, power generation, multi-model logistics, renewables, gas distribution, and transmission. Adani Group is one of the largest port developers and operators in India. Mundra stands on the top of this list. There are 15,000 plus employees, and 50,000 plus workers with more than 900 third-party contractors involved in incorporating various work orders across 25 plus business units. Here are all the details of the success story of the most notable billionaire of India.
Who Is Gautam Adani And His Success Story
Born on 24 June 1962, Gautam Shantilal Adani is the CEO and founder of the Adani Groups. It ranks among the top 3 industrial conglomerates in India. Adani is a college dropout, who spurned his father's textile shop to set up a commodities expert firm in 1988. This Indian Billionaire was born in Ahmedabad, Gujrat. He had 7 siblings and his parents migrated from the western part of Gujarat to Ahmedabad.
As a teenager, he moved to Mumbai in order to work as a diamond sorter for the Mahendra brothers. He worked there for 2 to 3 years straight. Later, he opened his diamond brokerage firm in Mumbai.
After almost a decade his elder brother Mansukhbhai Adani invited him to his operations. In a plastics unit. This seemed to be the gateway to international markets for him. He started his journey by exporting primary polymers, and now we all know who he is.
Interesting Facts About Adani
People know that he is a billionaire, but we are sure people were unaware of these facts about him. He was one of the hostages of the Taj Hotel attack. He managed to hide in the basement of the hotel. The next morning he was rescued by the NSG commandos along with other hostages. He was there with other hostages and was taken out safely.
Adani was a B. Com dropout. In the second year of his college life, he moved to Mumbai. Here he worked as a diamond sorter in Zaveri Bazaar. Surely, it was shocking for us.
While many of you might be aware of the hustling city of Borivali, lesser of you might know that Adani started his journey from this busy suburb of Mumbai. He started when he was just 18 years old.
There are two turning points in his life. One was the time when the Government of India relaxed the import norms. He could easily import and enter the world of trading after this. Another flex of his life was when he decided to enter the sphere of the port. He never thought entering the business of building ports could make him this rich. In 1995, he decided to change his life for the best.
If you look into the journey of Adani Group and Gautam Adani as an individual, you will know he has gone through some really hard times to rank the second richest person in the nation. It is his years of hard work that has paid off after staying constant with learning.
Net Worth Of Gautam Adani
As of 2021, Gautam Adani's net worth is 5,590 crores USD. the 59-year old Adani entered the Forbes list of top 20 in April this year. It is a great achievement when it comes to an Indian guy. It was possible because his wealth leapfrogged from $16.2 billion to $59.9 billion. This was the third Indian conglomerate to cross the $100 million market cap. The first two are- Reliance and Tata Group.
According to Forbes, Gautam Adani has a 75% stake in Adani Transmission, a 75% stake in Adani Enterprises, a 66% stake in Adani Ports & SEZ Limited, 73% stake in Adani Power. This is not it. In 2019 Gautam Adani was ranked as the 3rd most powerful person in India by India today.
All About Adani Family
Gautam Adani married Preity Adani and they have two sons. The elder son is Karan Adani and the younger one is Jeet Adani. Not to mention, Adani's wife is a dentist. She supports and helps Adani in most of his deals. As an individual, she runs many campaigns to spread awareness on education. The elder son of the family has completed his graduation from the USA and now he is appointed as the new CEO of Adani Ports and SEZ (APSEZ). In 2013, he got married to Paridhi Shroff. She is the daughter of the biggest name in India's corporate law arena.