Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of the Adani Group -- an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Shares of most of his firms have surged, including those of his mining, gas and ports units. It was founded by Gautam Adani in 1988 as a commodity tradingbusiness, with the flagship company Adani Enterprises Limited (previously Adani Exports Limited). [9] [36][37] To counter this allegation, Adani spoke out in an interview with CNBC and clarified that the BJP paid market price to Adani Group for using its aviation services. [24][25], Gautam Adani is the president of the Adani Foundation, funded through the Adani Group. Gautam Adani is an Indian billionaire businessman. Corporates ANI Updated: January 22, 2020 6:29 pm IST He has seven siblings. 12870, Indonesia. Originally, the company dealt in agricultural and power commodities. Gautam Adani went on to establish the Adani group in 1988 and started with dealings in agricultural commodities and power. S ometime in 1999, a group of top Adani Port executives, along with founder Gautam Adani, made their way to a berth at the Mundra port in Gujarat to witness a unique experiment conceived by an enterprising port employee. [11], In 1981, his elder brother Mansukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations. Adani Airports, a subsidiary of Adani Enterprises Ltd. had on Monday announced the acquisition of GVK Airport Developers Ltd.’s 50.50% stake in Mumbai International Airport Ltd. Mr. Adani, a first-generation entrepreneur, is driven by his core philosophy of infusing Growth with Goodness through nation-building. He was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad. [7] He has 7 siblings and his parents had migrated from the town of Tharad in the northern part of Gujarat. [38], It was alleged that the NDA government was favouring Adani by allegedly waiving ₹200 crore fine on Adani Port and SEZ. [3], According to Forbes, his family's net worth is estimated to be around US$25.2 billion as of October. [40] He further clarified that the mine is owned by Rajasthan Government, and Adani Group is just the mine contractor. According to the Bloomberg Billionaire Index, Gautam Adani’s wealth has increased by about $ 21 billion this year. Also, ports, logistics, agriculture and edible oils. [16], In May 2020, Adani won the world's largest solar bid by the Solar Energy Corporation of India (SECI) worth $6 billion. Adani also sees India emerging as the least expensive producer of renewable energy. Gautam Adani (File Pic) New Delhi: Billionaire Gautam Adani on Wednesday said his group is aiming to become the world's largest solar power company by 2025 and the biggest renewable energy firm‎ by 2030. On Monday, Adani Power shares surged 10% as Gautam Adani declared that he plans to delist his group's power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. Adani Power promoters intend to buy back all shares of the company … In 1988, Adani established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the Adani Group. [29][30][31][32][33] He was being accused of supporting Narendra Modi for his campaign in Bharatiya Janata Party. In each of its sectors, it is the largest in India. Billionaire industrialist Gautam Adani-led Adani Green Energy will invest Rs 45,000 crore to execute the world's largest solar order. [19][20][21] He was abducted and held hostage for ransom in 1998, but was released without collecting the money. The Company is involved in coal mining, cargo handling and power generation. Originally operated by Mundra Port & Special Economic Zone, the operations were transferred to Adani Ports & SEZ Limited (APSEZ). Gautam Adani is the founder and Chairman of the Adani Group, a leading diverse conglomerate in India. Adani completed his schooling from Seth Chimanlal Nagindas Vidyalaya which is located in Ahmedabad. [40], "Forbes India Rich List 2019: Mukesh Ambani retains top spot, Gautam Adani second", "The most powerful people of India 2019 | Full list", "Bloomberg Billionaires Index - Gautam Adani", "Transnational Indian Business in the Twentieth Century", "Adani Green hits new high on winning world's largest solar bid worth $7 bn", "Adani wins world's largest solar project; to invest Rs 45,000 crore", "Throwback: When India's fifth richest man was kidnapped for ransom", "Two accused of abducting Gautam Adani 20 years ago acquitted", "Billionaire Survivor of Ransom, Terror Attacks Now Rivals Ambani", "Gautam Adani gives Rs 100 crore to PM Fund to fight coronavirus", "Billionaire Gautam Adani commits to support fight against coronavirus", "Adani Group got land at cheapest rates in Modi's Gujarat", "Adani power project was on the brink of bankruptcy – but the BJP government in Gujarat saved it", "Power Tariff Scam Gets Bigger at Rs.