Gautam Adani (Chairman of Adani Group)

Gautam Adani (Chairman of Adani Group)

Gautam Adani (born 24 June 1962) is an Indian entrepreneur and self-made billionaire who is the Chairman of Adani Group. The Adani Group is a globally integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution.With a business experience of more than 33 years, Gautam Adani is a first generation entrepreneur who has led the Adani group from a modest background to create a $8 billion professionally-managed empire in a relatively short period of time.He is said to be among the 100 most influential businessmen worldwide in shipping trade and developing shipping related infrastructure. He has also been recognized for establishing the modern Mundra port which was selected as the best port in 2006 by the oldest and the most influential British publication for shipping business........

Gautam Adani, owner of the largest port in India's private sector, saw his wealth fall by $2.3 billion as shares of his Adani Enterprises tumbled by 40% in the past year. His $7 billion (revenues) Adani Group, which is among the country's top power producers, also owns coal mines in Australia, Indonesia. To prune debt, it is selling its stake in an Australian coal terminal to Adani's family though price is yet to be determined. Losses also mounted at Adani Power, listed power unit, largely due to soaring coal costs. Group's port arm, where son Karan works, was reportedly among those denied security clearance to bid for certain ports. It has appealed to the government to review its case. In another setback, the government cancelled Adani's 4500-acre special economic zone citing alleged violations of certain rules.

Career :-

Choosing not to join his father’s textile unit in Ahmedabad, Gautam Adani instead preferred to move to Mumbai to try his luck. He opened his innings by working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. The trading initiative was a success. The young Gautam made his first million within a year, at the age of 20, a big deal during the 80’s.

This success caught the eye of Mahasukh Adani, Gautam’s elder brother and a self-made entrepreneur. Mahasukh called Gautam back to their hometown – Ahmedabad - a city in the western part of India, to run his newly purchased plastic factory.

Soon, Gautam began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for manufacturing plastic. While working at his brother's plastics unit, Gautam Adani gained valuable working experience as he learnt the intricacies of commodity trade.

The Adani Group had a quiet beginning, but Gautam’s entrepreneurial and ambitious vision, and rigorous hard work along with his talented and experienced management team made Adani Group one of the fastest growing professionally managed conglomerates in India.

In 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd), the flagship company of the Adani Group, that traded in a variety of power and agricultural commodities. The economic liberalization in 1991 fuelled the rapid growth of the business and the huge profitability of Adani Exports provided further capital for Gautam Adani to expand his business.

In 1993, the Gujarat government 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 80 million tonnes of cargo per annum.

Gautam Adani is also the Founder and Promoter of Adani Power Ltd (APL), a power business arm of Adani Group. Adani Power has delivered thermal power plant with capacity of 4620 MW, which has been a sole reason for the company to gain the prestige of being the largest private thermal power producer of the country.

Adani Power has its head office in Ahmedabad, Gujarat and is ranked #334 in top companies in India in Fortune India 500 list of 2011. Adani Power enjoys the status of being India’s largest solar power producer with capacity 40MW.

At present, APL maneuvers 4x330MW & 5x660MW at Mundra, Gujrat in addition to a Mega solar plant of 40MW at Bitta Naliya in Kutch District, Gujrat, 2x660MW at Kawai, Rajasthan & 5x660MW at Tirora, Maharashtra. Thermal power plants of Adani are also under progress at Bhadreshwar, Dahej in Gujarat & chattisgarh, Pench etc. The thermal power plant at Mundra is the single thermal power plant in the country that has won the certification by UN under CDM. Besides, it is the first company in India to obtain the supercritical technology.

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