Mr. Gautam S. Adani
Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He is the chairman of the Adani Group, a leading trading and export company of India. In September, 2010 Forbes magazine announced that Adani is the 6th richest person in India with a personal wealth of US $10 billion as of march, 2011. He is the first billionaire from the city of Ahmedabad
Biography
He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.
In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked the beginning of Adani's foray into global trading by beginning to import polyvinyl chloride (PVC), a key raw material for manufacturing plastics. After the economic liberalisation, the import duty on various goods was slashed, and profits of Adani Exports, then his flagship company, grew immensely.
Adani is married to Priti Adani. She is a dentist and heads the Adani Foundation, of which she is the managing trustee. They have two sons. Karan Adani, 23, is pursuing his BS in Management from Purdue University, USA. Jeet Adani, their younger son is 13 years old. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005 and a Hawker purchased in 2008.
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| The Company’s Executive Chairman and founder of the Adani Group has over 20 years of varied experience in business operations and trading. He is responsible for the Company’s new business initiatives and strategic plans. With him at the helm, Adani Group has emerged as a multi dimensional conglomerate with an international footprint. |
Indian Entrepreneur and Top Business Tycoon: Gautam Adani
Indian Entrepreneur and Self Made Billionaire Gautam Adani, 46, is the Chairman of the Adani Group, one of the top diversified conglomerates of India. According to Forbes’ 2009 Gautam Adani has the net worth of $ 1.6 Billion.Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad. Adani a college dropout, was only in his teens when he came to Mumbai where he got the job of a diamond sorter. After some time, he started a diamond brokerage business.
In the early 80s he returned to Ahemedabad to enter the plastic business. After that Adani began to import PVC. (a raw material required for manufacturing of plastics). This is when he ventured into global trading. Economic liberalisation in India had a positive impact on his business. In the late 90s Gautam Adani diversified into infrastructure.
Today Adani Group has transformed into a multi billion dollar businees empire. Gautam Adani’s Business Interests include the following: Power, Infrastructure, Trading, Power, Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man behind Mundra Port, the largest private sector port in India.
Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR) activities of the Adani Group. The foundation is involved in various activities such as rural developmemt, education, and health.
Gautam Adani India Inc's biggest wealth creator in FY,11
What's common between Gautam Adani and Anil Ambani? Or Vikas Oberoi and Rama Prasad Goenka? Not much actually. The chairman of the Adani Group was the biggest wealth creator at the end of fiscal year 2011, doubling his wealth to Rs 33,211 crore by virtue of the Adanis' stakes in three listed companies.
Anil Ambani finds himself on top of the list of promoters who lost the most wealth in the April 2010-March 2011 period, the chairman of Anil Dhirubhai Ambani Group was poorer by Rs 10,841 crore.
Gautam Adani, Chairman of Adani Group
As for Oberoi and Goenka, the contrast is even starker: The former listed his property company, Oberoi Realty , only last October on the Indian stock exchanges. By the end of the fiscal year, Oberoi emerged among the select few realtors who were actually creating wealth, and a billionaire to boot.
The patriarch of RPG Enterprises had no such luck. Goenka, who embarked on inorganic growth way back in the 1980s when takeovers were not considered kosher, finds himself out of the billionaire club. The promoter's wealth reduced by a little under Rs 800 crore.
Property pashas were conspicuous wealth destroyers last fiscal year. Among them: KP Singh (poorer by Rs 5,561 crore); Saurabh Tayal of Jaybharat Textiles (Rs 6,737 crore); Shahid Balwa and Vinod Goenka of DB Realty (Rs 5,295 crore), the Chandras of Unitech (Rs 2,737 crore) and the Wadhawans of Housing Development Infrastructure (Rs 2,157 crore).
A number of pedigreed names find themselves on the list of wealth creators. Azim Premji , who ended the fiscal year richer by Rs 10,601 crore, is at No. 2, and following him are Rahul Bajaj (richer by Rs 8,786 crore), Sunil Mittal (Rs 7,923 crore) and Dilip Shanghvi of Sun Pharma (Rs 5,156 crore).
There are, however, the inevitable surprises: The OP Jindal Group, run by brothers Prithviraj, Sajjan, Ratan and Naveen, is poorer by some Rs 7,600 crore. The Munjals of the Hero Group (Rs 2,892 crore) and Kishore Biyani of Future Group (Rs 1,074 crore) are the others on the wealth destroyers' list. The most visible name on that list, though, is Mukesh Ambani, he's still India's richest individual by far with a market value of Rs 1,53,417 crore. But he was poorer by Rs 4,656 crore at the end of fiscal year 2011 than a year ago.
How Gautam Adani anchors his Rs 30kcr empire-Is he India's Next Dhirubhai Adani?,
Adani Enterprice & Adani Power Latest Stock Tips & Price
Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He is the chairman of the Adani Group, a leading trading and export company of India. On March 10, 2010 Forbes magazine announced that Adani is the 13th richest person in India with a personal wealth of US $4.8 billion, making him the first billionaire from the city of Ahmedabad
Biography
Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani in a Gujarati Jain family. He had seven siblings. Adani's parents had migrated from the town of Tharad in northern Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located in Ratanpol in Ahmedabad. He set out for Mumbai to make a living with only a few hundred rupees at a young age of 18 only.He studied at the Seth C. N. Vidyalya school in Ahmedabad and later on at Gujarat University. Adani is a University dropout, he studied till his second year for a Bachelor's Degree in Commerce.
He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.
In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked the beginning of Adani's foray into global trading by beginning to import polyvinyl chloride (PVC), a key raw material for manufacturing plastics. After the economic liberalisation, the import duty on various goods was slashed, and profits of Adani Exports, then his flagship company, grew immensely.
Adani is married to Priti Adani. She is a dentist and heads the Adani Foundation, of which she is the managing trustee. They have two sons. Karan Adani, 20[citation needed], is pursuing his BS in Management from Purdue University, USA. Jeet Adani, their younger son is 10 years old[citation needed]. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005 and a Hawker purchased in 2008
Entrepreneurs Gautam Adani
AHMEDABAD: Entrepreneurs Gautam Adani and the late Dhirubhai Ambani have more in common than just home state Gujarat — the former shares with the Reliance patriarch the art of correctly reading India’s political tea leaves.
It is common knowledge that bureaucrats and politicians have to be kept in good humour if entrepreneurs have to achieve what they aim for, even when what they do is perfectly legal.
But only a few succeed at this, the trick lying in how one approaches the powerful. Even seasoned businessmen such as Lakshmi Mittal and Ratan Tata indulge in the occasional outburst against the bureaucracy for inordinate delays. But not Gautam Adani, despite facing similar hurdles.
The 48-year old may appear soft, but plays hardball. If all goes as planned, by 2020, the matriculate’s ventures would produce 20,000 MW of power, handle 200 million tonnes of cargo at his port in Mundra and mine 200 million tonnes of coal and other ores.
Adani, who started dealing in diamonds in Mumbai in 1980 has come to be worth more than Rs 30,000 crore in three decades. He did not make his money from the fancy 21st century businesses such as software or telecom, like NR Narayana Murthy of Infosys or Sunil Mittal at Bharti Airtel.
Instead, the burly Adani ventured into what merchants during the Chola empire a thousand years ago and the British East India Company did: Build ports to facilitate trade. It did not require great technical knowledge, or massive funds. All that was needed was skills to persuade the bureaucracy to allot land and guide policies.
"If you look at the group, there is nothing innovative," says Sanjay Gupta, former chief executive, infrastructure, at the Adani group, who brought some method to the madness of making money at Adani Enterprises, the group holding company.
The company, founded with a capital of Rs 5 lakh in 1988 to trade, manages ports, develops real estate, produces electricity, trades in agricultural commodities and explores oil. In a matter of months, it would have raised Rs 5,500 crore, including the current share sale to funds
Forbes India lists Gautam Adani among top-10 Indian billionaires
Thursday, November 19, 2009
Forbes India has listed Adani Enterprises chief Gautam Adani among The top-10 Indian billionaires. His wealth stood at $6.4 billion.
According to sources, Adani is a commerce graduate. He is Founder and Promoter of Adani Power Ltd.
Reliance Industries Chairman Mukesh Ambani with $ 32 billion has topped the list of billionaires while steel tycoon Lakshmi Mittal with a net worth of $ 30 billion has been given second position.
Anil Ambani got third position in the list. His wealth stood at $17.5 billion.
Gautam Adani is the founder and promoter of Adani Power Ltd. Mr. Adani has been the Chief Executive Officer of Mundra Port and Special Economic Zone Limited since January 30, 2007. He has been holding the position of Managing Director since January 28, 1999 and also serves as its Chairman. According to Forbes’ 2009 Gautam Adani has the net worth of $ 1.6 Billion.
Gautam Adani was born on June 24, 1962 in the Sethni Pol located in Ratanpol in Ahmedabad, India. Adani, a college dropout, was only in his teens when he came to Mumbai where he got the job of a diamond sorter at Mahindra Brothers. He set up his own diamond brokerage outfit at Zaveri Bazaar after working there for two years.
In 1981 he returned to Ahmedabad to set up a plastic business. This was the beginning of Adani`s venture into global trading by beginning to import polyvinyl chloride (PVC) which is a key raw material for manufacturing plastics.
Today Adani Group has transformed into a multi billion dollar business empire. Gautam Adani’s Business Interests include the following: Power, Infrastructure, Trading, Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man behind Mundra Port, the largest private sector port in India.
Adani Foundation
was started in 1996 to manage the Corporate Social Responsibility (CSR) activities of the Adani Group. The foundation is also involved in various social welfare and activities such as rural developmemt, education, and health.
Sonia Gandhi's son in law Robert Vadra visits Gautam Adani's Adani Power & Port Adani at Mundra in Kutch, Gujarat
Congress leder UPA Government Chairperson and Congress President Sonia Gandhi's son in law (husband of Priyanka Gandhi) Robert Vadra visited Gautam and Rajesh Adani's Mundra (Kutch Gujarat) based Adani Port and Adani Power plant. Vadra arrived at Mundra with Gautam Adani in Adani's private aircraft.
Gautam Adani meets South African President
Thursday, May 27, 2010
Gautam Adani, Chairman, Adani Group made a courtesy call to South African President Jacob Zuma, in South Africa on Monday.Adani expressed interest in developing infrastructure and resources projects and setting up a framework with the South African partners.
Adani Group has also identified couple of projects to explore for further business opportunities.
Owner of two planes Gautam Adani orders a helicopter nowFriday, February 11, 2011 |
According to TOI report, Adani group Chairman Gautam Adani(49) has bought Rs 12 crore Augusta Westland AW139, a 15-seater twin-engine helicopter, and he is building a helipad at his home. Normally, it takes Adani around 40 minutes to drive down to fly from his home behind Karnavati Club on SG Road to the airport where he parks his two eight-seater Beechcraft jets, but now, he can fly over the city to the airport in five to seven minutes. More over he could travel to Mundra too in his chopper. The machine is likely to be delivered in the next few days according to report.Gautam Adani,Sanjay Lalbhai, other tycoons travel in BRTS Bus
Ahmedabad, 8 November, 2009
On invitation of Ahmedabad Municipal Corporation, Big wigs like Gautam Adani(Adani Group), Sanjay Lalbhai(Arvind), Pankaj Patel(Zydus Cadila), Parimal Nathwani(Reliance Industries), Jayesh Buch(Essar), Anil Bakeri(Bakeri Group), Rajesh Gandhi(Vadilal), Ved Prakash(Chiripal) and other tycoons traveled in Bus Rapid Transit System in Ahmedabad on Sunday.
Adani Coal E-Junction
Gautam Adani * Newsmaker
Earlier this week, Gautam Adani attracted front page billing in most business newspapers for clinching a Rs 2,100-crore deal with an Australian company to buy that country’s single largest coal tenement. In the global race for energy resources that the Chinese mostly seem to be winning, this is certainly big news.
An Adani Enterprises spokesman explained how the purchase would help expand the group’s power business from 13,000 Mw currently to 20,000 Mw by 2020. Indeed, Adani is now considered one of Gujarat’s leading industrialists, a poster boy for the state’s industry-friendly policies with massive investments in ports, special economic zones (SEZs), coal mining and power, all built on the edifice of a cash-rich commodities trading empire.
Yet, just over a decade ago, Gautam Adani was mostly in the news for the wrong reasons. In 1999, he attracted headlines for his kidnapping by underworld don Anees Ibrahim for reasons that never became clear; his release was allegedly secured by a Rs 3 crore ransom, information that was never confirmed. In 2002, he was detained by the Delhi police charges of cheating in a case instituted by a rival. Before that, he had been under scrutiny for alleged invoicing irregularities and money laundering and still later for possible complicity with rogue trader Ketan Parekh.
Today, the flagship of his Rs 27,000-crore empire, Adani Enterprises Ltd., has been rated among the 50 top performing Asian companies by Forbes magazine. His three listed companies — Adani Enterprises, Adani Power and Mundra Port and Special Economic Zone have a combined market capitalisation that places the group among India’s top 10 business houses. Adani himself was ranked India’s 10th richest Indian in November 2009.
Adani’s rise to prominence reflects the remarkable resilience and chutzpah that characterises the new breed of post-liberalisation industrialists. He cut his entrepreneurial teeth in the shortage economy of the licence raj era, first as a commodity trader in Mumbai, and later as manager of a small plastic manufacturing unit in Guajarat. Faced with an acute shortage of raw materials at the time, Adani built a business importing raw materials India needed (coal, oilseeds, synthetic fibre intermediates) and exporting others (agro and petrochemical products and textiles to name a few).
Despite a fair amount of opposition from entrenched west-coast business rivals, Adani Enterprises managed to build enough critical mass to get listed on the stock exchange in 1992. Economic liberalisation gave him the space to think big. Mundra Port, one of the country’s first, and now among its most efficient, private ports, and its 100 sq km SEZ, one of India’s largest multi-product free-trade zones, are examples of his ability to convert opportunities into big business. The port currently handles 40 million tonnes of cargo, a figure that will go up to 100 million tonnes once a coal import terminal the world’s largest is commissioned in October 2010.
As a mine developer and operator, the Adani Group also operates two coal mines in Chhattisgarh and one in Orissa and expects to produce 70 million tonne a year from all three mines.
Adani Enterprises also owns a coal mine in Indonesia’s Bunyu island that currently produces 10 million tonne a year of coal.
A significant reason for Adani’s success in India has been his ability to tailor his business plans to the political economy. Foraying into ports, power and SEZs was of a piece with the policy focus on infrastructure though it is worth noting that Adani, 47, has shrewdly stayed out of the PPP adventure.
His proximity to powerful politicians like Gujarat Chief Minister Narendra Modi has probably not harmed his business either. A generous contributor to the Bharatiya Janata Party (BJP), the party in power in Gujarat, his group has been ranked ahead of Reliance and Torrent as the largest business house in the state. It was speculated that Adani bid for the Ahmedabad franchise of the Indian Premier League (IPL) cricket tournament at Modi’s urging, though the bid failed.
But Adani is not the kind of businessman to put his entrepreneurial eggs in one state or party. He also has close links with Nationalist Congress Party leader and Agriculture Minister Sharad Pawar, even attending a July 7 felicitation function that Maharashtra Deputy Chief Minister Chhaggan Bhujbal organised when Pawar became ICC President. Adani has a coal-based power project in Vidarbha, Pawar’s constituency.
In Delhi, Adani also built up a rapport with Kamal Nath during his stint as commerce minister in the first United Progressive Alliance government. As minister of roads, Adani is believed to be taking tips from Nath for his plans to expand his footprint in infrastructure.
The Galilee mine acquisition in Australia marks a significant expansion of Adani’s overseas presence he’s eyeing more acquisitions in Africa, Asia and Australia. In 1999, he is said to made this bemused comment after he was released from captivity: “I was playing cards with those fellows who kidnapped me. Whatever has to happen will happen and nothing can be done about it.” But Adani has certainly worked hard to shape his own destiny as a new generation business tycoon.
The best of Gujarat
Gautam Adani, 47
This industrialist stepped into the business world in 1988 and then there was no looking back.
In September 2010 Forbes announced Adani as the seventh richest person in India, up from 10th last year. The magazine gives his personal wealth as US $4.8 billion till 2010.
Son of a textile trader, Gautam Adanis success trail began in 1988 with an export-import business started with an initial capital of about Rs 5,00,000. The group has grown rapidly by integrating commodities to their trading basket, manufacturing capabilities, infrastructure and services that could synergise for further growth. The Adani Group also established a private port at Mundra (Kutch district of Gujarat) as soon as the port and infrastructure sectors were opened up for private players in the mid 1990s and made it operational by 1998.
Mundra Port is Indias largest privately owned and operated ports. Leveraging the advantage of having its own port, Adani Group has set up the largest edible oil refining facility under Adani Wilmar with fast-moving brands like Fortune Oil and is developing the largest multi-product SEZ in India at Mundra.Gautam Adani attracted front page billing in most business newspapers for clinching Rs 2,100 crore deal with an Australian company to buy that country's single largest coal tenement. "Adani Group has grown through strategies like synergising operations.
However, more than an obsession with figures, we believe in being wealth creators and are driven by the core belief that the pursuit of stakeholder value creation and contribution to enhancing social capital can be achieved simultaneously. We believe that there is no inherent contradiction between improving competitive ability and making a sincere commitment to better the society, that the uniqueness of strategy lies in conceiving such integrated business models, that, linking business purpose with a larger societal purpose serves to create a multi-dimensional organization," says Gautam Adani.
