Do you know who is Gautam Adani and how his journey begun from Mumbai Diamond market to Adani Group. Gautam Adani quit his college in early eighties to try his luck in dimand business. But he did not succeed as per expectation and return back to Gujarat to retry his luck again. He started the plastic business and experience initial success in his home state. After this, in 1988 he started his flagship commodity market business from Gujarat.
Gautam never look back after commodity market business success and started diversifying his business in other areas. His luck and success accelerated more after Narendra Modi become Chief Minister for Gujarat. On 26 May 1998 Adani got a contract to develop a private port at Mundra, Gujarat on the West Coast of India. It was a landmark project and it has made Adani Group to the largest port operators in the country.
Gautam Adani venture in Power project to coal mining in India and abroad
Adani Power was the first company to implement and commission 660 MW supercritical technology units in India. Adani Power Ltd was incorporated on August 22 1996. It has received a certificate of commencement of business on September 4 1996. The company is currently operating an aggregate of 10480 megawatts (MW) generation capacity comprising of 4620 MW at Mundra Gujarat, 3300 MW at Tiroda Maharashtra, 1320 MW at Kawai Rajasthan, 1200 MW at Udupi Karnataka and 40 MW (solar) at Kutch Gujarat.
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Adani group also venture in cola mining business and become biggest Mine Developer and Operator (MDO) in India. They have their mining project is Chhattisgarh, Madhya Pradesh and Orissa in India. Gautam Adani also won the ₹10,000 crore Carmichael Coal Mine Project in Australia. This project was under the law suit and political protest but still Adani manage to get the contract. Australia’s Queensland government approved Adani’s plans to manage groundwater and protect an endangered bird species.
India’s second richest businessman growth and net worth: Who is Gautam Adani
India’s second richest businessman Gautam Adani net worth rapidly grown in last few year. If he will continue to grow with the same speed then he will become number one business owner very soon. Currently Indian largest business group Reliance Industries has a net worth $ 32.4 billion (Rs 2.3 lakh crore). According to Bloomberg’s Billionaire Index, Adani’s assets grew by $ 21.2 billion (Rs 1.5 lakh crore) this year. This has made the Adani Group to the second largest business house in India.
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The price of the shares for most of the Adani Group companies is skyrocketing today. Each line of business including mining, gas and ports has seen phenomenal growth last year. The companies share value increased multifold in last year alone. After the $ 6 billion solar power deal Adani Green Energy shares have been valued more than 6 times this year. This deal has pushed the company vision to become the world’s largest green energy company by 2025.
Narendra Modi politics and Gautam Adani business grown at same speed in India
Adani’s business grown with Modi’s growth in India. When Narendra Modi become chief minister of Gujarat, Adani group started climbing the growth staircase. The way Narendra Modi grown as Chief Minister for Gujarat Adani grow expand their business empire in Gujarat. Adani group got a biggest private port development project in Mundra Gujarat under Modi government.
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After Narendra Modi become Prime Minister of India, Adani growth increased by skyrocket speed. Gautam started diversifying his business in all areas where government of India has interest. Or you can say Adani Group Business interest become government focus area under Narendra Modi leadership. He entered in Airport Management and become larger Airport infrastructure management company in India. Similarly he also secured power and liquid gas distribution contracts in key places of India.
Adani Group under criticism from farmers and opposition parties
The phenomenal growth of Adani Group also surround by the controversies. Opposition parties allege that Narendra Modi favouring Adani Group and working for his growth. The Modi government also draft policies which suits and assure growth of Adani Group in India and overseas. Many recent contracts and acquisition by Adani group for government project are under suspicion of opposition parties.
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The farm laws protest by farmers in northers state on openly criticised the Modi Government. Farmers allege that Modi Government has made the farm law to benefit Adani Group and Reliance Industries. They said that both the group has interest in contract farming and Modi government want them to enter in this business with these laws. Farmers also allege that Modi Government helping Adani Group to grab the farmers land under this new law.
Modi Government and Adani Group carries the same vision for industrial growth: Who is Gautam Adani
Adani group carries the same vision of Narendra Modi for Nation Building. The Adani Group has been continuously focusing on the new industries that the government insists on developing and where competition is low. Gautam Adani now attributes nation building to an important part of his business strategy. He claim to carry the Modi Government vision of Aatmanirbhar Bharat and Local for Vocal.
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While carrying the same vision Adani Group entered in data storage and financial services business. When Modi announced to start local manufacturing of defence equipment, Adani formed a company to partner military supplies with defence contractors. Three years later the Modi Government Insist on Gas Distribution Business. Adani group entered in this and become largest private sector gas retailer in the country. When Modi Government focus on Airport Privatisation, Gautam entered in this business in 2019. Now they have almost all key airports in India to manage it for many decades.
Adani is a strong man focus on consistent business growth: Who is Gautam Adani
Gautam Adani has been getting stronger from every difficulty, whether it is a business hurdle or a personal problem. He was kidnapped for ransom 20 years ago. He was held hostage in the 2008 terrorist attack on the Taj Mahal Hotel in Mumbai. His business ability and ability to overcome obstacles has made Adani the second richest person in the country.
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The economy of the country had slowed down due to Corona, but the business of Adani Group continues to expand. The group has tied up with several global companies, invested and entered new sectors. Covid-19 pandemic was unable to slowdown the pace of Adani Group growth in Indian and broad. The stock suffering from FOMO (Fear of Missing Out) syndrome for Adani Group. They want to take the opportunity to grow with Adani Group.
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