Professional Documents
Culture Documents
Assighnment On
Entrepreneur
Mr. Gautam S. Adani
Chairman, Adani Group
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About Gautam 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. On
November 16, 2007, Forbes magazine announced that Adani was the 13th richest person
in India with a personal wealth of US$6.7 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
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Ahmedabad and later on at Gujarat University. Adani is University dropout, he studied
till second year for his 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, 1 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 2 sons. Karan Adani, 20, is pursuing his BS
in Management from Purdue University, USA. Jeet Adani, their younger son is 10 years
old. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005 and a Hawker
purchased in 2008
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
Adanis Business Interests include the following: Power, Infrastructure, Trading, Power,
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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.
History
The Adani Group, despite a humble beginning in 1988, is one of the fastest growing
professionally owned enterprises in India and in the global arena. The flagship company,
Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was established by Mr.
Gautam S Adani in 1988 as a partnership firm with a seed capital of Rs. 5 lacs. An
entrepreneurial vision coupled with lofty ambitions and hard work set the pace for the
growth of the company. Adherence to world-class quality standards and a customer
centric approach has helped the Adani Group touch revenues of INR 262 billion (as on
March 31, 2009.)
The journey from a being a Indias most trusted trading house to a diversified
conglomerate is fast, yet memorable. Today, the Adani business portfolio is a diverse, yet
profitable assortment of Edible Oil, Logistics, Power Generation, Coal, Oil and Gas
Exploration, Gas distribution, Real Estate, Ports, Special Economic Zones and IT enabled
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services. Its growth has been organic leading to a synergy among its business units,
making them more productive and competitive together.
The Leadership
Gautam S. Adaniis the Companys Executive Chairman and founder of the Adani
Group. He has completed his education up to matriculation. He has over 20 years of
varied experience in business and trading with Adani. He is responsible for the
Companys new business initiatives and strategic plans. Under his leadership, Adani
Group has emerged as a diversified conglomerate with interests in international trading,
infrastructure development, power generation and distribution, development of special
economic zones, gas distribution, trading and business process outsourcing. He has been
instrumental in the diversification of the Adani Group into the power sector.
Rajesh S. Adani is the Managing Director of the Company. He holds a bachelors degree
in commerce from the Gujarat University. He has been associated with Adani Enterprises
Limited since its incorporation. He is in charge of day to day operations of the Company
and has been responsible for developing the business relationships of the Company. He
also handles the marketing and finance aspects of the Company.
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Vasant S. Adani is a Non-Independent and Non-Executive Director of the Company. He
holds a bachelors degree in Arts. Vasant S. Adani looks into the administrative aspects of
the Adani Group. He has more than 25 years experience in management and real estate
development.
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Anil Ahuja is an Independent Non-Executive Director of the Company. He holds
bachelors degree in Mechanical Engineering from Indian Institute of Technology (IIT),
New Delhi and a Post Graduate Diploma in Business Management from the Indian
Institute of Management (IIM), Ahmedabad. He has more than 20 years of experience in
international financial services. Anil Ahuja is one of the earliest private equity investors
in India, with over 10 years of investment experience. In the past, he has worked with 3i
Group Plc., JP Morgan Partners Asia and Citibank, Mumbai.
Citizen Adani
Adani Foundation was established in May 1996. Situated in Ahmedabad, it is a part of the
prestigious Adani Group and looks after the Corporate Social Responsibility related
activities of the Group, which has now become synonymous with creating wealth for the
people. Adani Foundation was established with the vision to accomplish passionate
commitment to the social obligations towards communities, fostering sustainable and
integrated development, thus improving quality of life". We began in a small way by
working with a few rural communities around our Port at Mundra.
Through its grant, the Foundation supports efforts in the development of society, in areas
of Rural Livelihoods & Communities, Education, and Health. Besides institutional grants,
the Foundation also makes individual grants for education and medical relief. The
Foundation is registered as a NGO and operates in Gujarat with major focus in Kutch &
Ahmedabad. This year, it will expand to other locations in the country. The Foundation is
active in four major areas for all sections of the society:
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Medical
Education
Rural Development
Charitable & General
Group Highlight
Founded in 1988 the Adani Group has grown from being a trading house to a diversified
and dynamic business group with interests from infrastructural development to FMCGs.
The Group has made foray into high growth sector like Power, Infrastructure, Global
Trading, Logistics, Energy and is recognized for creating benchmarks for others to
follow We are the operator of largest private port in India, We are the developer of
largest multiproduct SEZ in India, We have the largest edible oil refining capacity in
India, and we are one of the largest trading houses in India.
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The group is committed to constantly deliver good returns to its stakeholders and convert
partnerships into winning combination.
Chairman's Message
Its my pleasure to introduce, before you, the Adani Group; a conglomerate that
spans a diversified, yet complementary business portfolio.
Our businesses range from Commodities Trading to Edible oil Manufacturing; from
Greenfield port operations to natural gas distribution as well as power generation.
At Adani, we have always strived to explore and take advantage of the existing and
emerging market opportunities to build value for our trade and investment partners. This
has helped us and our partners to keep abreast of business competencies and harvest the
overseas investment opportunities.
Adani is in its most glorious phase ever and I am excited about its future. As we
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potentiate our capabilities, expand our operations, we are stand at a locus of domestic and
global possibilities, that we are destined to reap. Todays is a world that is constantly
demanding cleaner and better energy sources. As India and the world look expectantly to
us, we must deliver. We have everything going for usexcellent relationships with our
trade partners and shareholders and big ambitious goals. But more than anything else, we
have the right people and the right leadership.
Nothingwell, almost.
Gautam S. Adani
Chairman, Adani Group
Vision
To be a responsible concern We shall harmonize all our actions and reactions, with the
global environment and actively work to reduce our environmental load
Mission
To assimilate knowledge, develop capabilities and manage collective enterprise to
profitably tap global commercial advantages for the benefit of stakeholders.
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Group Values
From inception three values have driven all the activities of the Adani Group. They are
central to our operations worldwide and will continue to be at the core of all our
businesses.
Trust - We will deliver on all our promises - our word is our bond.
Courage - We will support our decisions and actions with conviction.
Innovation - We will think laterally and never fight shy of embracing big ideas.
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