| Type | Public |
|---|---|
| Traded as | BSE: 512599 |
| Founded | 1988 |
| Founder(s) | Gautam Adani |
| Headquarters | Ahmedabad, India |
| Key people | Gautam Adani (Chairman) |
| Products | Trading, Power, Oil and Gas, Infrastructure, ports & SEZ, Logistics, FMCGs, Mining, Agro business, Education, Call Center |
| Revenue | US$6.3 billion (2011) |
| Net income | US464 million (2011) |
| Total assets | US$11.3 billion (2011) |
| Employees | 8500 (2011) |
| Website | www.adani.com |
The Adani Group (BSE: 512599) is a Gujarat based Indian conglomerate with the industrialist Gautam Adani as its CMD and promoter.[1] The core business of the group is Commodities Trading, edible oil Manufacturing, Mundra port operations and distribution of Natural Gas. Adani group has more than 50 companies under it. The various companies under the group are:
The corporate headquarters of the company are in the city of Ahmedabad, India.
Adani is now in the power sector, too, coming up with a 4620MW thermal power project(Largest Project in India till now) in Mundra, Kutch district.The first 6 units of 2640 MW have been completed as reported by June 2011making it India's largest private commercial power producer . It has plans to set up a whole total of 16,500MW by 2015 and 20000MW by 2020. If completed, Adani Power will be the largest private company having largest power production on coal-based power. Adani Energy is one of the largest natural gas distributors in India.
Adani Enterprises in August bought a coal mine in Australia for about Rs 12,600 crore (Rs 126 billion) in a cash and royalty deal. It will invest $6.9 billion in developing its recently acquired Australian coal mines. Group will develop mine, rail and port project in its Galilee Basin coal mine in Queensland, Australia to produce up to 60 million tonnes of coal a year at its peak.[1]
The GAPL and the SEZ venture was merged before IPO so GAPL does stand as an entity now. GAPL is also in talk with Orissa government for setting up an all weather port near POSCO project. MPSEZ is the largest private port in India and growth shows it will be the no. 1 port by cargo handling by 2020.
Adani Wilmer is the largest manufacturer of edible oil in India with a market share of about 45%. Adani Enterprises is the largest trading house of India in importing coal with a market share 60%. It also supplies coal to NTPC, India.Adani group became India's largest private coal mining company after Adani Enterprises bagged orissa mine rights.[2]ADANI group manages one management college namely AIIM and a medical college, GAIIM at Ahmedabad.Rajesh Adani, Vice Chairman of the Adani Group is nominated to the Finance Committee of the Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
Due to high growth, its flagship company, Adani Enterprises, was placed among the top 50 Asian Companies by Forbes Asia in the year 2009 and its rank is 1865 in Forbes Global 2000 for 2010.