The Rising Man of India: Gautam Adani’s Larger Than Life Persona
Gautam Adani is a well-known Indian billionaire industrialist. He has a total net worth of $56.7 Billion currently according to the Bloomerg Billionaires Index.
He is the founder of Adani Group, one of the biggest conglomerates in India that covers everything from infrastructure, power plants, ports, mining, power, and more. This is the third biggest conglomerate in India.
So, what are the companies that Adani owns?
- Adani Power Ltd.
- Adani Ports and Special Economic Zone Ltd.
- Adani Total Gas Ltd.
- Adani Green Energy Ltd.
- Adani Wilmar Ltd.
- Adani Transmission Ltd.
- Adani Enterprises Ltd.
These seven companies are listed on the share market and have seen a rough ride the past few months thanks to the Hindenburg Report that caused a huge blow to the Adani Industries.
Age and Height
He is currently 60 years old and has a height of 5’6’’ or 1.67m.
Biography and Career
Adani was born on June 24, 1962 in Ahemdabad, Gujarat. He comes from a business family and his father Shantilal Adani worked in the textile industry.
He did his B.Com from Gujarat University and in 1988 started his entrepreneurial journey by establishing Adani Enterprises. What began as a small business has now become one of India’s biggest conglomerates.
Today, Adani has become a popular name and can be seen in almost every sector. He has also entered the infrastructure sector and started developing and operating ports, airports, and logistics hubs.
Recently in News
Most recently, Gautam Adani was in the news due to the help he offered to Anurag Maloo, a mountaineer who was stuck in a crevasse in Mount Annapurna, Nepal.
Grateful beyond words for the timely airlifting! Heartfelt thanks to @gautam_adani and @AdaniFoundation for their invaluable support in repatriating @AnuragMaloo safely."@PMOIndia@narendramodi@AmitShah@DrSJaishankar@MEAIndia@MofaNepal@IndiaInNepal@humancareww
— Aashish Maloo (@Aashish_09) May 16, 2023
Adani has also been in the news since the beginning of the year when Hindenburg Research, a U.S. investment research group, released its report on Adani Group and accused it for carrying out “the largest con in corporate history.”
The report was a huge blow to the stocks of the Adani Group, which have recovered a lot from then, but still not gone back to the original levels.
Currently, the matter is under discussion in the Supreme Court and SEBI is investigating the details of the matter and everything that the Report had accused Adani to be guilty of.
SEBI has been given time till mid-August to probe further into the case and then submit its report to the Court on August 14th.
