Career or Business
Choosing not to join his father’s textile unit in Ahmedabad, Gautam Adani instead preferred to move to Mumbai to try his luck. He opened his innings by working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. The trading initiative was a success. The young Gautam made his first million within a year, at the age of 20, a big deal during the 80’s.
This success caught the eye of Mahasukh Adani, Gautam’s elder brother and a self-made entrepreneur. Mahasukh called Gautam back to their hometown – Ahmedabad - a city in the western part of India, to run his newly purchased plastic factory.
Soon, Gautam began commodity trading by importing Polyvinyl Chloride (PVC), a key raw material for manufacturing plastic. While working at his brother's plastics unit, Gautam Adani gained valuable working experience as he learnt the intricacies of commodity trade.
The Adani Group had a quiet beginning, but Gautam’s entrepreneurial and ambitious vision, and rigorous hard work along with his talented and experienced management team made Adani Group one of the fastest growing professionally managed conglomerates in India.
In 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd), the flagship company of the Adani Group, that traded in a variety of power and agricultural commodities. The economic liberalization in 1991 fuelled the rapid growth of the business and the huge profitability of Adani Exports provided further capital for Gautam Adani to expand his business.
In 1993, the Gujarat government invited private companies to run the Mundra Port and in 1995 the contract was given to Adani Group. Today, Mundra Port is the largest Private Sector port in India, with capability of handling close to 80 million tonnes of cargo per annum.
Gautam Adani is also the Founder and Promoter of Adani Power Ltd (APL), a power business arm of Adani Group. Adani Power has delivered thermal power plant with capacity of 4620 MW, which has been a sole reason for the company to gain the prestige of being the largest private thermal power producer of the country.
Adani Power has its head office in Ahmedabad, Gujarat and is ranked #334 in top companies in India in Fortune India 500 list of 2011. Adani Power enjoys the status of being India’s largest solar power producer with capacity 40MW.
At present, APL maneuvers five supercritical boilers of 660MW each at Mundra, Gujrat in addition to a mega solar plant of 40MW at Bitta Naliya in Kutch District, Gujrat. The thermal power plant at Mundra is the single thermal power plant in the country that has won the certification by UN under CDM. Besides, it is the first company in India to obtain the supercritical technology.
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