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Gautam S. Adani

Gautam S. Adani

Gautam S. Adani was born on June 24, 1962 in Ahmedabad where his parents Shantilal and Shantaben Adani, who hail from the town of Tharad in North Gujarat, had settled some years earlier.

He is the Chairman of the Adani Group with interests in edible oils, power and infrastructure and ranks No. 10 on the list of richest Indians compiled by Forbes in late 2008 with a net worth of $ 3.9 bn.

After completing high school at the Seth C.N. Vidyalaya in Ahmedabad, Mr. Adani enrolled for B.Com at the Gujarat University but dropped out during the second year and relocated to Mumbai at the age of 18, starting his career as a diamond sorter with Mahendra Brothers. Two years later he set up his own company for trading in diamonds, and in the early 1980s moved back to Ahmedabad to manage a plastics unit for his elder brother.

Soon Mr. Adani began import of polyvinyl chloride (PVC), a key raw material for manufacturing plastics, under his own company, Adani Exports, and boosted by policy reforms leading to liberalization of trade became one of the largest players in the sector.

The company was listed in 1994 and diversified into the infrastructure sector in 1998 by setting up the Mundra Port, among the first private sector ports in India.  By 2007, the company had also a multi sector SEZ spread over 100 sq km in the vicinity and listed as Mundra Port and SEZ (MPSEZ) after merging the port and SEZ into a single entity.

Besides these, the Adani Group also has businesses in edible oil, coal trading/mining, power, oil and gas exploration, export-import of pulses and fruits. It has a number of achievements to its credit including Mumbai’s largest deal of 8-10 acres of land in Bandra-Kurla worth over Rs 2,000 crore, setting up of the world’s largest coal receiving terminal at Mundra for Tata Power and being the largest importer of ferrous scrap in India. It has also acquired interests in coal projects in Indonesia and for exploration for oil and gas in Thailand.

Mr. Adani is also known for his philanthropy, particularly the relief work during the earthquake which struck Bhuj in 2001, the religious pilgrimage to Samet Shikhar along with over 2000 people from his native village, and his charitable school project in Ahmedabad.

Mr. Adani lives in Ahmedabad along with his wife Priti, who is a dentist and head of the Adani Foundation. They have two sons, Karan, who is studying in the USA and Jeet.

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