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Gautam Adani biography, Journey from ₹100 Note to India’s Second Richest Man

Gautam Adani biography, Journey from ₹100 Note to India’s Second Richest Man

By Sanjay Maurya

The Adani Group is a multinational company based in Ahmedabad, India. Gautam Adani started in 1988 as a commodity trading corporation, with Adani Enterprises Limited as its flagship. Gautam Adani, an Indian billionaire industrialist, was born on June 24, 1962, in Ahmedabad, Gujarat, to a Gujarati-Jain family. Shantilal Adani is his father’s name, and Shanti Adani is his mother’s name. Gautam Adani, unlike many other business people, did not acquire his company from his father. He created it himself.

Gautam Adani life story

  • Born: 24 June 1962
  • Net worth: 7,150 crores USD (2021) Forbes
  • Spouse: Priti Adani
  • Children: Karan Adani, Jeet Adani
  • Education: Gujarat

Surprising Facts – Gautam Adani life story

  • During the tragedy of 26/11, Gautam Adani was one of the hostages at the Taj Hotel. Adani and the other hostages were holed up in the hotel’s basement. He was rescued by NSG commandos the next morning, along with the other hostages.
  • Gautam Adani dropped out of his second-year B. Com and went to Mumbai. In Zaveri Bazaar, he worked as a diamond sorter.
  • Gautam Adani went on a school trip to Kandla Port when he was a kid. The massive port awed him, and he promised himself that when he grew older, he would establish a port on a similar scale. When he secured the contract to build and run the Mundra Port in 1988, he fulfilled his promise. He expanded the Mundra Port to become India’s largest cargo port.

Adani Group Subsidiaries – Gautam Adani life story

  • Adani Enterprises Limited
  • Adani Ports & Special Economic Zone Ltd
  • Adani Power Ltd
  • Adani Transmission Ltd
  • Adani Green Energy Ltd
  • Adani Gas Limited

Early Life – Gautam Adani life story

Gautam Adani was born into a traditional Gujarati household and has always had a strong liking for business. On June 24, 1962, in Ahmedabad, Gujarat, he was born to Shrimati Shantaben and Shri Shantilal Adani. They were a group of seven siblings. His father worked as a textile dealer, and his family struggled financially.

He studied Ahmedabad’s Seth CN Vidyalaya before enrolling at Gujarat University to earn a bachelor’s degree in commerce. Because he had always been interested in business, he dropped out of college after his second year. Gautam Adani intended to put his time and energy into bigger and better projects. He left with only a hundred rupee note in his pocket and went to Mumbai.

The 20-year-old millionaire – Gautam Adani life story

Adani went to Mumbai as a kid with only INR 100 in his pocket after dropping out of college. He got a job with diamond brokers at Mumbai’s jewelry market, Zaveri Bazaar, by chance. Adani did not simply work there; he spent the next 2-3 years learning the ins and outs of the industry. He used this to start his first business, a diamond brokerage. By the age of 20, Adani had already amassed a million-dollar fortune.

Adani jumped on his next opportunity at that exact time. Mahasukh Adani, his older brother, had purchased a plastic plant and had sent Gautam Adani to Gujarat to run it. Adani returned to Gujarat to run the company. In 1985, Adani made its foray into the big leagues of import and export from here. Adani decided to bring polyvinyl chloride, or PVC, into India. By 1988, Adani had established Adani Exports Ltd., which is now the Adani Conglomerate’s holding firm.

Career Highlights – Gautam Adani life story

  • When he was 18, his business ambition pushed him to leave Ahmedabad and relocate to Mumbai. With only a few hundred rupees, the small boy was eager to accomplish something significant. He started his career as a diamond sorter at Mahindra Brothers before going on to start his own diamond trading company after some years.
  • His business prospered, and by the time he was 20, he had built a million-dollar fortune. Gautam Adani’s older brother had bought a plastic plant in Ahmedabad and asked for his help running it.
  • Adani went to Ahmedabad to operate in his brother’s business. Soon after, he began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for plastic manufacture, and traveled to South Korea to make a contract for PVC imports.
  • He founded Adani Exports Limited in 1988. (now known as the Adani Enterprises Ltd). The company began by selling agricultural commodities and electricity, but it has now expanded.
  • Adani’s business was helped by the 1991 liberalization and economic reforms, which resulted in greater revenues and profits. Adani was able to rapidly expand his company due to the favorable business environment.
  • The Gujarat government requested private companies to operate the Mundra Port in 1993, and Adani was awarded the contract in 1995. Mundra Port & Special Economic Zone Ltd was the first to operate it, and it was later expanded into Adani Ports and Special Economic Zone Limited (APSEZ). Currently, it is the largest private multi-port operator in the country.

Gautam Adani biography – With a market valuation of $ 13 billion, the Adani Group is one of India’s largest integrated infrastructure businesses, with activities in the following:

  • Resources (coal mining and trading)
  • Logistics (ports, logistics, shipping, and rail)
  • Energy (transmission and distribution, renewable and thermal power generation)
  • Agro (edible oil, food products, commodities, cold storage, and grain silos)
  • Real Estate
  • Public Transport Infrastructure
  • Consumer Finance
  • Solar Manufacturing
  • Defense

Gautam Adani net worth – Gautam Adani biography

According to the Forbes Real-Time Billionaires List, which tracks the fortunes of the world’s wealthiest persons, Adani’s net worth has dropped to $62.3 billion. Adani’s net worth was just over $77 billion recently. The Adani family is now one of the country’s wealthiest families. All owing to one man’s risk-taking skills and business ability. What makes this even more inspiring is the fact that Adani was once in the same boat as many others in the country.

Gautam Adani biography – motivational & inspirational quotes

“Business is all about risk-taking and managing uncertainties and turbulence.”

“Being an entrepreneur is my dream job, as it tests one’s tenacity.”

“Either you sit on the pile of cash, or you continue to grow.”

FAQ

Is Gautam Adani a self-made billionaire?
Gautam Adani Success story – Gautam Adani, an Indian billionaire industrialist, was born on June 24, 1962, in Ahmedabad, Gujarat, to a Gujarati-Jain family. Shantilal Adani is his father’s name, and Shanti Adani is his mother’s name. Gautam Adani, unlike many other businesspeople, did not acquire his company from his father. He created it himself. Read the full article to explore Gautam Adani life story.

Which companies are owned by Adani Group?
companies owned by Adani Group are as follows: –  

  • Adani Enterprises Limited
  • Adani Ports & Special Economic Zone Ltd
  • Adani Power Ltd
  • Adani Transmission Ltd
  • Adani Green Energy Ltd
  • Adani Gas Limited

Read the full article to explore Gautam Adani life story.

How much is Gautam Adani net worth in 2021?
According to the Forbes Real-Time Billionaires List, which tracks the fortunes of the world’s wealthiest persons, Adani’s net worth has dropped to $62.3 billion. Adani’s net worth was just over $77 billion recently. Read the full article to explore Gautam Adani life story.

Why is the story of Adani famous?
Risk-taking skills and business ability – When he was 18, his business ambition pushed him to leave Ahmedabad and went to Mumbai. With only a few hundred rupees, the small boy was eager to accomplish something significant. He started his career as a diamond sorter at Mahindra Brothers before going on to start his own diamond trading company after some years. Read the full article to explore Gautam Adani life story.

What is the qualification of Adani?
He studied Ahmedabad’s Seth CN Vidyalaya before enrolling at Gujarat University to earn a bachelor’s degree in commerce. Because he had always been interested in business, he dropped out of college after his second year. Gautam Adani intended to put his time and energy into bigger and better projects. He left with only a hundred rupee note in his pocket and went to Mumbai.

What are the unknown facts about Gautam Adani?

Unknown facts about Gautam Adani

  • During the tragedy of 26/11, Gautam Adani was one of the hostages at the Taj Hotel. Adani and the other hostages were holed up in the hotel’s basement. He was rescued by NSG commandos the next morning, along with the other hostages.
  • Gautam Adani dropped out of his second-year B. Com and went
  • to Mumbai. In Zaveri Bazaar, he worked as a diamond sorter.

Read the full article to explore Gautam Adani life story.

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