You might have heard names of very well known business man Gautam Adani. But did you
know Gautam Adani has passed the names of the most famous billionaire Mukesh Ambani.
But before that let’s get to know more about his early life and how he started his business?
For more information read the below article about Gautam Adani.
Who is Gautam Adani?
Gautam Adani was born in Ahmedabad. He was born on 24 June 1962. He is 61 years old. He completed his education from Ahmedabad from Sheth C N Vidyalaya. later on he went to Gujarat University for his
Graduation. But he dropped out from Gujarat University in his second year. He discovered
that he was meant for business.
Gautam Adani, the founder and chairman of the Adani Group. Gautam has passed Mukesh
Ambani’s name in Billionaires Index. Gautam Adani has secured the title of the richest Indian. Adani now
holds the 12th spot, meanwhile Mukesh Ambani holds the 13th position. Adani’s net worth is
reported at $97.6 billion, slightly ahead of Ambani’s $97.0 billion.
Quick information about Gautam Adani
| Date of birth | 24 June 1962 |
| Age | 61 years old |
| Wife | Priti Adani |
| Children | Karan Adani, Jeet Adani |
| Parents | Shantaben Adani, Shantilal Adani |
| Education | Sheth C N Vidyalaya, Gujarat University |
| Net worth | $97.6 billion |
Early life of Gautam Adani?
He went to Mumbai in the 1970s to learn about business and grow business. He started
working under a diamond merchant, Mahendra Brother. Later on established his own
diamond brokerage firm.
Why did Gautam return to Ahmedabad?
In 1981 Gautam Adani’s elder brother, Mahasukhbhai Adani asked him to come to
Ahmedabad. His brother asked him to handle his company based in Ahmedabad.
His brother owned a plastic processing factory in Ahmedabad.
What was the 1st business started by Gautam Adani?
Gautam Adani thought about this problem and got an idea of starting his very own PVC
company. Soon Gautam Adani established power and broke the monopoly of IPC.
What was his idea behind his first business?
The Factory owned by his brother needed 20 tons of PVC. In the 1970s PVC was only produced
by IPCL. IPCL was unable to fulfill demands of PVC and was unable to sustain the factory.
How did he start his first business?
Gautam Adani imported plastic granules by Kandla port. He was always a humble and
outspoken person and he knew the relationship. He also made strong connections after the import decision.
Did he get any permission from the officials?
Many projects and tie ups were also done with state PSUs. Seeing increased output of PVC
production. Gujrat State Export Corporation (GSEC) approved and gave permission to increase imports.
Imports up to approx 12 crores could be done without any letter of authorisation as per the
permission by GSEC.
How many businesses are owned by Gautam Adani?
Gautam Adani owns several businesses like-
- Gautam Adani owns one of the Biggest coal trading companies.
- Biggest Coal mine contractor.
- Adani Transmission is India’s largest transmission and distribution company.
- Adani Solar is one of the largest solar power developers.
- Adani Gas is India’s largest city gas distribution.
- Adani Power is India’s largest thermal power producer.
- Andani Wilmar is one of India’s biggest edible oil producers.
Who owns largest private port?
Adani is the owner of the country’s largest private port. Adani Group of Ahmedabad led by
Gautam Adani works mainly in the infrastructure sector. It owns the country’s largest private
port and plays a major role in global coal trading. The flagship company of Gautam Adani’s
group is Adani Enterprises.
Read also: 10 DAYS MBA SCAM OR NOT? SANDEEP MAHESHWARI VS VIVEK BINDRA
How did Gautam surpass Ambani’s?
Due to the Supreme Court’s decision in the Adani-Hindenburg case, all 10 shares of the group
saw a rise, due to which Adani’s net worth has increased. On January 24 last year, American
short seller company Hindenburg had accused Gautam Adani of share manipulation and
money laundering, after which there was a huge fall in the company’s shares.
After these allegations, Adani’s net worth decreased by about 60% and it came to $ 69 billion
(Rs 5.7 lakh crore).
Frequently asked questions about Gautam Adani?
1.Who is the richest person in Asia?
Adani Group founder Gautam Adani is once again Asia’s richest person
Gautam Adani is the richest person in Asia again, according to Bloomberg Billionaires Index.
2.What is Gautam Adani age?
Gautam Adani is 61 years old. (born June 24, 1962, Ahmedabad, India)
3.What is the main business of Adani?
Gautam Adani owns several businesses. Adani Enterprises Limited is presently focused on businesses related to airports, roads, water management, data centers, solar manufacturing, defence and aerospace, edible oils and foods, mining, integrated resource solutions and integrated agri products.
For more such information do checkout out our other articles. Don’t forget to share it with
your family and friends who are interested in knowing more about the business world. Thankyou!