Gautam Shantilal Adani is an Indian billionaire industrialist. He is a Businessman and Industrialist by profession. Let’s know about Gautam Adani’s family, films, career, and education. You will also find our YouTube channel Inter Biography. You can visit our YouTube channel.
Gautam Shantilal Adani is the seventeenth richest person in the world. Gautam Shantilal is an Indian by nationality. Gautham was born on 24 June 1962 in a Gujarati family. Gautham’s father’s name is Shantilal Adani and his mother’s name is Shanta Ben Adani. Gautam was born in the city of Ahmedabad in Gujarat. Gautam has a total of seven sisters and brothers. Before coming to Ahmedabad, Gautam’s father lived in Tharad, the northern part of Gujarat. Gautam Shantilal Adani is a billionaire industrialist. If we talk about politics, Gautham has a lot of sympathy with Indian Prime Minister Narendra Modi and his right-hand equivalent party “Bharti Janata Party”.
In January 1998, Gautam Adani and one of his accomplices, Shantilal Patel, were kidnapped and a huge ransom was demanded. But surprisingly, Adani and his accomplice were released without any money. Ex-terrorists Fazlur Rehman and Bhagilal Darji were accused of being involved in their abduction and were tried. In 2018, the Indian court released both of them because despite receiving several summonses from the court, Adani and Patel did not appear for their statement. Adani has a long list of opposition and controversies. Hindenburg Research, based in New York, conducted two years of research, and the results of this research were published in January 2023. Gautam Shantilal Adani is a billionaire industrialist. Gautam Shantilal Adani himself founded and is the chairman of the Adani Group.
Adani Group is a large conglomerate involved in the construction, development, and operations of ports in India. Jamaat is also the President of the Gautam Adani Foundation. Gautam’s father Shantilal Adani was also a small-scale textile trader. Gautam had no particular attachment to his father’s work. On January 24, 2023, the hot-headed investor Hindenburg Research accused Adani of stock manipulation, accounting fraud, and money laundering. According to a report, his personal wealth fell by more than 50 billion dollars in less than 10 days after the money laundering allegations.
Education
Gautam enrolled in Sheth Chamanlal Nagindas Vidyalaya School, Ahmedabad. After his schooling, Gautam also enrolled in Gujarat University for a bachelor’s degree in commerce, but could only continue his studies for two years. Gautam Adani’s more The trend was towards business.
Career
At an early age, Adani started sorting diamonds with Mahendra Brothers. For this work, he went to Mumbai in 1978. In 1981, Adani’s elder brother Mahasakhbhai Adani joined Gautam Adani to manage the operations of a plastic unit in Ahmedabad. This project proved to be a major breakthrough for Adani to trade worldwide through imports of polyvinyl chloride. In 1985, Adani Exports started importing polymers for limited-scale industrial use. Established what is now known as Adani Enterprises. It is also the holding company of the Adani Group. In fact, this company used to do business related to agriculture and electronics. And In 1991, when the liberalization companies started expanding businesses like metals, textiles, and agricultural products, these things proved to be very beneficial for the company.
In 1994, the Gujarat government announced the management outsourcing of Mundra Port, and in 1995, the contract was awarded to Adani. He built his first jetty in 1995. In fact, the operations run by Mundra Port and Special Economic Zone were converted to Adani Ports and SCZ. And at present, this company is the largest private multi-port operator. In 1996, Adani Power, the power business arm of the Adani Group, was founded. Adani Power has thermal power plants with a capacity of 4620MW which is considered to be the largest private thermal power in the country. In 2002, a key official of SM Shoes arrested Adani for cheating, the Delhi Police arrested Adani on a non-bailable warrant (NBW). Later, NBW was withdrawn due to amicable talks between the two parties. In 2006, Adani started power generation.
From 2009 to 2012, Adani gained access to Abbott Point Port in Australia and Carmichael coal mine in Queensland. In 2012, a chargesheet was filed against twelve persons including Adani in a serious fraud case. According to the SFIO, Adani Agro had provided funds and shares for clearly illegal activities. Released in 2014. In May 2020, Adani won the world’s largest bid for Solar Energy Corporation of India, worth US$6 billion. The 8000 MW Photovoltaic Power Plant project will be taken up by Adani Green. Adani Solar is capable of producing 2000 MW of additional solar cells and modules. In September 2020, Adani acquired a 74% stake in Mumbai Airport, which is India’s second busiest airport after Delhi. And in November 2021, Bloomberg said in an interview at the India Economic Forum that Group is investing US$70 billion in new green energy projects.
In July 2022, it presented a new roadmap for the program. And told that it will be used for the construction of three big factories. Received the title of the richest person in Asia in February 2022. Before Adani, Mukesh Ambani was in this position. He was declared the third richest person in the world by Fortune in August 2022. In May 2022, Adani acquired Ambuja Cements and its subsidiary ACC from Holcim Group for $10.5 billion through a foreign entity. In August 2022, AMG Media Networks Limited, a unit of the Adani Group, said it intended to buy RRPR Holding, which owns 29.18% of national news broadcaster NDTV. And in addition to this, 26% has also been offered to buy. Because Adani is considered a close associate of Indian Prime Minister Narendra Modi’s party Bharatiya Janata Party.
So that’s why it was also told that Adani, the founders of NDTV, ex-journalist Radhika Roy, and her husband Pranay Roy, who is an economist. Get your share through a third party without telling.
Political View
If we talk about politics, Gautham has a lot of sympathy with Indian Prime Minister Narendra Modi and his right-hand equivalent party “Bharti Janata Party”. And perhaps that’s why his companies have won many Indian energy and infrastructure government contracts. Along with an Indian government auditor, Modi has been accused of selling Gujarat’s state-owned gas company Gautam Adani and other companies at low prices. felt too This incident is from 2012. But along with Modi, Adani also denied this news. According to him, this is a failed attempt to spoil his reputation. “The Economist” has described Adani as a master operator who is particularly adept at navigating the patchy legal and political landscape of India’s capitalism. While according to “News Magazine”, Adani’s firm is known for its byzantine structure and finances.
Other Information
In January 1998, Gautam Adani and one of his associates, Shantilal Patel, were kidnapped. And a huge amount of money was demanded as ransom. But the surprising thing was that Adani and his partner were released without any money. Ex-terrorists Fazlur Rehman and Bhaghilal Darji were accused of being involved in their abduction and a case was filed against them. In 2018, the Indian court released both of them because despite receiving several summonses from the court, Adani and Patel did not appear for their statement. Adani was staying at the Taj Mahal Palace Hotel when the attacks took place in Mumbai in 2008.
There is also a long list of opposition to Adani and its controversies. New York-based Hindenburg Research conducted two years of research and the results of this research were published in January 2023. The findings claimed that Adani had manipulated the market and made marketing mistakes. Hindenburg revealed that he was working in short positions in Adani group companies. After these allegations, the value of bonds and shares of Adani-linked companies fell significantly. And Credit Suisse stopped taking Adani Group bonds as collateral. Adani completely rejected the allegations of fraud and said that these are completely baseless things. Such things have nothing to do with him. He called all these things based on bad intentions. After three days after this report, the market value of shares of listed companies controlled by Adani lost forty-eight billion dollars.
Company list
Year
Name
2 March 1993
Adani Enterprises
2015
Adani Green Energy
26 May 1998
Adani Ports & SEZ
22 August 1996
Adani Power
9 December 2013
Adani Transmission
1988
Adani Total Gas
1999
Adani Wilmar
1983
Ambuja Cements
1 August 1936
ACC
1984
NDTV
///
Abbot Point
1988
Adani Foundation
Personal Life
Adani was born on 24 June 1962 in Ahmedabad, Gujarat to Shantilal Adani and Shanta Ben Adani. Adani had seven siblings in total and they migrated from Tharad city to Gujarat. No. Adani’s father was a textile merchant. Adani himself was a business enthusiast. Gautam Adani married Preeti Adani and his two sons Jeet Adani and Karan Adani are part of their family. In January 1998, Gautam Adani and Shantilal Patel were abducted for ransom and then released without money. Ex-gangster Fazlur Rehman and Bhaghilal Darji were accused of kidnapping but were acquitted by the court in 2018. At the time of the 2008 attacks on Mumbai, Adani was staying at the Taj Mahal Palace Hotel.
