Amidst the pandemic and collapsing businesses across the world , Gautum Adani has been declared as Asia’s second richest man. While the coronavirus pandemic has demolished many businesses since last year, the Adani Group has bloomed.
Adani’s conglomerate continues to elevate, receiving global attention.
The journey of this popular business tycoon has been a roller coaster ride. However, the man’s business insights and skills to beat crises has propelled him to the position he’s currently at.
Adani was born and nourished in Ahmedabad in an exceedingly Gujrati ¬Jain family and was one amongst the eight siblings. Mr. Gautum Adani conceded his capabilities beyond the education system and so he dropped out of school . To try his luck and fate, he fled to Mumbai “ the town of dreams.In the 1980s he worked in one among the diamond industries within the city and later succeeded to line up his own diamond brokerage. fate had other, perhaps better things in store for him.
His elder brother, Mr. Mahasukh Adani had started a brand-new plastic unit in Ahmedabad during the time. Mr. Gautum Adani made a return to his home state to look after his brother’s franchise which was the start of his blooming career ahead. The famous Adani group came into existence in 1988. In the initial years of the group’s establishment, attention was primarily upon agricultural commodities and power.
Later in 1991, when liberalisation policies grabbed attention, Adani turned them into his own advantage. The businessman diversified newer interests and commodities and shortly the group became a multinational conglomerate. Adani has not been an asset to the nation as a businessman but also has ties with several philanthropic organisations serving different interests. The tycoon cites ‘nation building’ as one of his key strategies.
The Adani group is one among the most important port operators in India and interestingly, he had a vision to attain this since in class . While Adani was still a school going boy, he had once visited the famous Kandla port and ever since dreamt of building something greater than that himself.
In 2008, when the guts wrenching terrorist act happened at Mumbai’s Taj Hotel, Adani was one of the various hostages. He is a survivor of the inhuman 26/11 attack, yet one more instance of luck in his favour and therefore the universe’s bigger plans for him. Like many entrepreneurs perhaps, Adani too has been seen melding his corporate strategies parallel to the government’s priorities and diversifying his conglomerate further within the process. He has repeatedly picked up newer industries, pushed by the govt for further development, while the competition remained less.
Adani’s Carmichael coalpit in Australia has been a highlight controversy since the start of the project in 2019. Questions began to be raised, exclusively addressing the environmental damage that the project might likely cause. The protest escalated into the popular #StopAdani campaign and even became an election agenda in Australia’s parliamentary vote back in 2019.
The man behind the successful conglomerate, Mr. Adani claims his vision is to become the world’s largest solar power company by 2025 while the largest renewable power company by 2030.
Written By – Surbhi Chopra
Edited By – Riya Shah
