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
Gautam Adani was born on June 24, 1969, 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, 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
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