Gautam Adani
Gautam Santillan Adani
(born June 24, 1962) is an Indian billionaire industrialist, chairman and
co-founder of the Adani Group, an Ahmedabad-based multinational, double-based company that develops, ports, and activities in and around India. Adani is the president
of the Adani Foundation, which is primarily led by his wife, Preeti Adani.
It was founded by the Adani
Group in 1988 and has been the diversification of its activities, resources,
logistics, energy, agriculture, defence, and aerospace. according to Forbes,
the net worth of his father is estimated at 77.7 billion U.S. dollars, for the
month of June 7-2021. He is the second richest man in Asia and the 13th richest
person in the world, according to Forbes. The following ranking was obtained in
2021. in addition, as of 2018, there was a 66% stake in Adani Ports & SEZ,
a 75% stake in Adani Enterprises, a 73% stake in Adani Power, and a 75% stake
in Adani Transmission.
Early on, in this world
Adani was born on June 24,
1962, and Jain parents Shantilal and Shanti Adani in Ahmedabad, Gujarat. It has
7 brothers and sisters, and his mother's parents emigrated from the town of
Tara, in the north of Gujarat. His father, a cloth merchant. He was educated at
Digg Chimanlal Nagindas Vidyalaya School in Ahmedabad. He received a Bachelor
of arts degree in Commercial Studies, Gujarat University, but dropped out after
the second year. Adani was a passion for the business, but his father's textile
business.
Life and career
In 1978, as a teenager,
Adani moved to Mumbai to work as a diamond sorter Mahendra brothers and
sisters. He's worked there for 2 to 3 years to build his own in the diamond
market, the brokerage house, Zaveri in Mumbai
In 1981, the Mansukhbhai
Adani's elder brother, who bought a plastic manufacturing plant in Ahmedabad,
and I invited him to take over. This company turned out to be the Adani-door
to, the world trade through the import of poly (vinyl chloride) (PVC).
In 1985, it began to import
advanced polymers for the small-scale industries. In 1988, Adani was founded in
Adani Exports and is now known as Adani Enterprises, the holding company of the
Adani Group. At first, the company also engages in the farming of electricity.
In 1991, a policy of
economic liberalisation was made available to his company and began to expand
the business, the trade-in metals and textiles, and agricultural products.
In 1994, the Gujarat government announced the outsourcing is the outsourcing of the administration,
to the Mundra Port.
Since 2006, the Adani has
been engaged in the production of electricity. Then, in 2009, in 2012, it has
been the Abbot Point Port in Australia; and the Carmichael Coal in Queensland,
Australia.
In May 2020, Adani's solar
application of India Solar Energy Corporation's (SECI) to the tune of $ 6 billion
for the year. 8000-MW solar photovoltaic plant, the project will be carried out
by Adani Green, Adani Solar will result in additional energy production of the
solar cells and modules, with a maximum capacity of 2000 MW of electricity.
Check out the list of quotes from Gautam Adani
Modi government has
not flouted any rule or regulation to help anyone.
My investment strategy, which is to
focus on sectors that are a national priority for India, hasn't changed.
Dealing with the government does not
mean you have to give a bribe.
Either you are
extrovert or introvert, and so I am an introvert in that sense. I'm not a
social person that wants to go to parties.
One of the strengths
of Adani is that, because we are controlling mines, ships, ports and logistics,
we are the cheapest solution provider for end users.
I'm a school
dropout. So, at the age of 16, I moved to Mumbai to try my luck on some
business.
I don't like
politics. I am not aligned to any political party. I have friends in all
political parties.
Mundra Port remains
committed towards setting up of world-class port infrastructure and facilities
in India.
I analyse in my own
way, in very simple, no-jargon language. If somebody is talking in very
complicated way, I never like that.
The commencement of
coal mining at Parsa Kente is a milestone event in coal mining sector.
I am not attracted
to those politicians who are short on vision and only want to make money. I
like those who have vision.
I could never take
orders from anyone.
Either you sit on
the pile of cash, or you continue to grow.
Adani Enterprises is well on track to realize its aim
of emerging as India's largest private sector energy and logistics
conglomerate.
Infrastructure sector is all about building assets
for the country. It is part of nation building.
Investor confidence in Adani is fairly high, and most
of our investors are long-term investors.
Every economic opinion is associated with a set of
assumptions.
Business is all about risk taking and managing
uncertainties and turbulence.
Any commodity that sees its price going higher will
see new mines opening up. When the supply increases, the prices soften. When
prices fall, some mines with higher production costs will shut down as they
become unviable.
