Gautam Adani
Chairman, Adani GroupBirth DetailsJune 24, 1962 | Ahmedabad, India
NationalityIndian
LeagueEntrepreneur
EducationB.Com, Gujarat University (Dropout)
Net Worth$15.7 billion (as of September 10, 2019)
Gautam Adani's Assets:
Gautam Adani's Journey so far ...
Before you go ...
- Adani Transmissions Limited
- Adani Power Limited
- Adani Ports and Special Economic Zone
- Adani Enterprises Limited
Gautam Adani's Journey so far ...
- Gautam Shantilal Adani’s business journey began when he dropped out of college and moved to Mumbai to gain some real-life work experience
- He started off as a diamond sorter at Mahendra Brothers, and within a few years set up his own diamond brokerage firm in Mumbai’s Zaveri Bazaar
- After a short stint in Mumbai, he returned to Ahmedabad to work with his brother in the latter’s plastic factory. It was here that he ventured into global trading by making the decision to import PVC (polyvinyl chloride) which was widely used to manufacture plastic
- Growth in the PVC import business continued and in 1988, Adani Group was officially established with interests in power and agricultural commodities
- Thanks to the 1991 economic reforms, Adani’s business soon diversified and became a multinational conglomerate
- The year 1995 marked a big success for Adani when his company bagged the contract for operating the Mundra port which went on to become India’s largest private-sector port
- Adani furthered his diversification endeavours with the incorporation of Adani Power Ltd. in 1996. A decade later, the company entered the power generation business and currently is the largest private thermal power producer in India
- Today, the Adani Group is a global conglomerate with interests in power, renewables, gas distribution, logistics and real estate among others. While Gautam Adani’s businesses have combined revenues of around $11 billion, he himself is one of the wealthiest individuals of India
Before you go ...
- According to reports, Adani was allegedly kidnapped in 1998
- He was also one of the survivors of the 2008 Mumbai terrorist attack on the Taj Mahal Palace hotel
Last Updated: 15/02/2021
Gautam Adani News
- Adani joins Tata and Ambani in race for elusive India superappGiven the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
- Kotak twist in Hindenburg-Adani Saga: Short-seller slams SEBI, Indian govt | TOP POINTSWhy did Hindenburg call SEBI's show cause notice 'nonsense', why is Kotak Mahindra Bank being dragged across the floor now? And how much money did the US short seller make from this mess? Watch!Kotak twist in Hindenburg-Adani Saga: Short-seller slams SEBI, Indian govt | TOP POINTS
- K-Drama on D-Street! Kotak Mahindra Bank on Hindenburg hitlist after AdaniUS-based activist investor Hindenburg Research has once again opened its mouth on the Adani controversy but the target this time is Kotak Mahindra Bank and markets regulator Sebi. As a result, shares of the private sector lender fell up to 4% while Adani stocks were unaffected by the revelations made by the short-seller.
- Adani-Hindenburg Row: What are the allegations against US-based short-seller? What's the link with Kotak Mahindra?Hindenburg Research rebuts Sebi's allegations of collusion with Kingdon Capital Management in shorting Adani Group stocks. Sebi's 46-page notice claims Hindenburg's actions facilitated significant gains for Kingdon Capital, but Hindenburg dismisses these as baseless and accuses Sebi of neglecting investor protection. Kotak Mahindra Bank's alleged involvement adds to the controversy, with Sebi and Kotak yet to comment.
- Vizhinjam seaport gets its location codeThe Vizhinjam International Seaport in Kerala has achieved a significant milestone by receiving its location code, IN NYY 1, from the Indian government on June 21, 2024. Managed by Vizhinjam International Seaport Limited (VISL), this development was highlighted by Kerala's Ports Minister V N Vasavan in the state Assembly. The port's new code marks its readiness to operate as a major transshipment hub, enhancing logistical capabilities and fostering increased trade and economic activity in the region.
- Idea of Kotak as a party to Hindenburg’s Adani shorting strange and almost unbelievable: Shriram SubramanianShriram Subramanian gives his opinion on the saga involving Kotak Mahindra Bank, Hindenburg Research, and Sebi deepens with the emergence of a show cause notice and the potential for parallel investigations. Details reveal suspected violations, offshore fund structures, and ongoing Adani investigations, raising questions about the alleged role e of Kotak in the controversy.
- World’s most volatile big stock is rocking Indonesia’s marketIndonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
- Hindenburg has never been a client of the firm, Kotak Mahindra International saysKotak Mahindra International Limited (KMIL) clarified on Tuesday that Hindenburg has never been a client or investor of the firm. The company made the statement to address any confusion regarding their relationship with Hindenburg.
- These two stocks can act as Rahul Dravid of your portfolio: Gautam ShahSo, I like the power PSUs, but I am not a big fan of the defence and the railway PSUs anymore. And we have seen this post June 4th that PSU as a basket has not been moving with the market on a daily basis.
- Adani Power shares up 0.29% as Nifty dropsA total of 462,652 shares changed hands on the counter till 11:47AM (IST).
- Nifty can hit 25,000 in medium-term; just stick to quality names: Gautam ShahAnd I do believe from a near term perspective, Reliance is headed towards 3,300, 3,350 and if you are taking a slightly medium-term view, 3,600 is intact.
- Kotak Bank gets pulled into Hindenburg-Adani-SEBI wormhole; here what it saidKotak Hindenburg Adani SEBI: US-based short-seller Hindenburg Research disclosed that SEBI accused them of violating Indian regulations, calling the charges "nonsense" and alleging they aim to silence critics of powerful figures. For the first time, Hindenburg implicated Kotak Mahindra Bank in the Adani controversy, causing the stock to dip sharply.
- Sebi pressured brokers to close Adani short positions, will file RTI: HindenburgUS-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right to Information (RTI) request to obtain the names of Sebi employees involved in both the Adani and Hindenburg matters.
- Kotak Bank shares fall 4% as its name crops up in Adani-Hindenburg sagaHindenburg Research said Kotak Mahindra Bank setup an offshore fund structure to short Adani stocks, causing Kotak's shares to drop by up to 4% to a low of Rs 1,737 on the NSE. The investment firm also targeted Uday Kotak, the founder of the bank, who personally chaired Sebi's 2017 Committee on Corporate Governance.
- Hindenburg claims making merely $4 million from $153 billion Adani selloffHindenburg admits revenue from Adani shorts, may barely break even. Responds to Sebi's show cause notice, highlights fraud risks, and calls out regulators for neglecting investor protection.
- U-Turn: Sensex, Nifty erase gains after hitting record highsFrom the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
- Kotak twist to Adani- Hindenburg drama: Here's how US short seller responded to Sebi show cause noticeAdani Hindenburg Row: In the latest turn of events, Hindenburg revealed it received a show-cause notice from India's market regulator SEBI over alleged violations related to its bets on Adani Group stocks. Kotak Bank was also implicated in the latest developments. Previously, Hindenburg Research had accused the Adani Group of stock market manipulation and accounting fraud.
- Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response hereAdani-Hindenburg Case: US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
- Hindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani sagaAdani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by Sebi regarding Adani Group's short bet led to minimal gains, highlighting challenges foreign investors face under Indian securities rules. The short seller also stated that Kotak Mahindra Bank created and oversaw an offshore fund structure used by its "investor partner" to bet against the conglomerate, providing new details of trades that puzzled investors.
- Adani Power shares down 0.11% as Nifty gainsA total of 83,172 shares changed hands on the counter till 12:07PM (IST).
- Buy Adani Ports & Special Economic Zone, target price Rs 1700: Motilal OswalAdani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 319290.14 Crore) operating in Shipping sector.
- Indian cricket team's new head coach to take charge from Sri Lanka series: BCCI secy Jay ShahThe Indian cricket team will have a new head coach for the upcoming limited-overs series in Sri Lanka starting later this month, according to BCCI secretary Jay Shah. While Shah did not reveal the successor to the outgoing Rahul Dravid, former opener Gautam Gambhir is expected to take on the role. The Cricket Advisory Committee has conducted interviews for the job and has shortlisted Gambhir and former India women's coach W V Raman.
- Gautam Gambhir's first reaction on India's T20 World Cup triumph and Rohit & Kohli's retirementFormer cricketer Gautam Gambhir visited Lord Balaji temple in Andhra Pradesh’s Tirupati. He paid his visit a day after Indian Cricket Team won ICC Men’s T20 World Cup 2024 defeating South Africa in the final by 7 runs. He said that the team made entire country happy. On retirement of Virat Kohli and Rohit Sharma, he said what is the better way to say good bye than winning a world cup.Gautam Gambhir's first reaction on India's T20 World Cup triumph and Rohit & Kohli's retirement
- JSW Infrastructure to re-evaluate strategy for Tajpur port project 'if it comes for re-bidding': OfficialJSW Infrastructure Ltd remains interested in the Tajpur deep sea port project in West Bengal, open to reassessing strategies if the project is re-bid, following Adani Ports and SEZ Ltd winning the last tender. Chief Minister Mamata Banerjee's announcement of a new tender has created uncertainty. APSEZ and JSW Infra are key players in the project, expected to attract a significant investment and create numerous jobs, awaiting further developments.
- India clinches T20 World Cup victory as Dravid era ends, BCCI eyes Gambhir as next coach; Here's what Roger Binny saidIndia secured the T20 World Cup under Rohit Sharma's leadership, marking the conclusion of Rahul Dravid's coaching tenure. Amid celebrations, BCCI President Roger Binny endorsed Gautam Gambhir as a potential coach, emphasizing the need for experience across all cricket formats. Following the retirements of key players Sharma and Kohli, Binny expressed confidence in nurturing young talents. Dravid's legacy includes notable team advancements, ending India's 11-year ICC title drought with strategic gameplay.
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