The Success Story Of Gautam Adani: Ambitions turn to Reality

CAREER AND EARLY LIFE – A SELF-MADE BILLIONAIRE FROM GUJARAT Gautam Adani was born on 24 June 1962, in Ahmedabad, Gujarat, India, into a Bania family to Shantilal and Shanta Adani. He has seven siblings. His family was involved in the textile business. He was ambitious and determined from a young age. He had little interest in academics and dropped out of school as a teenager. He later attended Gujarat University but did not stay to complete his degree. While he was interested in business, he had no intention of joining his father’s textile unit. His entrepreneurial spirit made him leave Ahmedabad and move to Mumbai when he was 18. Possessing just a few hundred rupees, the young man was determined to make it big. He began working as a diamond sorter at Mahindra Brothers and set up his own diamond brokerage business after a couple of years. His business did well and he became a millionaire by the time he was 20. By this time his elder brother had newly purchased a plastic factory in Ahmedabad and asked Gautam Adani to help him in running it. Adani returned to Ahmedabad and started working with his brother. He soon began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for manufacturing plastic, and visited South Korea where he made a deal to import PVC. Inception of Adani Enterprises In 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd). The company initially dealt with agricultural commodities and power and eventually expanded over the years. The liberalization and economic reforms of 1991 boosted Adani’s business and increased revenues and profits for his company. The favourable business environment allowed Adani to expand his company rapidly. In 1993, the Government of Gujarat invited private companies to run the Mundra Port and in 1995 Adani won the contract. It was initially operated by Mundra Port & Special Economic Zone Ltd which was later expanded into the Adani Ports and Special Economic Zone Limited (APSEZ). It is today India’s largest private multi-port operator. Adani Power Limited Gautam Adani is also the Founder of Adani Power Limited, the power business subsidiary of Adani Group, in 1996. The company is India’s largest private power producer and also the largest solar power producer in India. The Adani Group is an Indian multinational conglomerate and its headquarters is located in Ahmedabad, Gujarat. It was founded by Gautam Adani in the year 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited.

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