Chairman of the Adani Group,In March, 2011 Forbes magazine announced that Adani is the 6th richest person in India with a personal wealth of US $10 billion. He is the first billionaire from the city of Ahmedabad.
Early Life and Education :-Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad.Adani’s parents had migrated from a community of entrepreneurs in Tharad in north Gujarat.. Adani was born in the Seth ni Pol area located in Ratanpol in Ahmedabad. He set out for Mumbai to make a living with only a few hundred rupees at the age of 18.He studied at the Seth C. N. Vidyalya school in Ahmedabad and later on at Gujarat University. Adani is a University dropout, he studied till his second year for a Bachelor’s Degree in Commerce.Adani is married to Priti, aged 46. She is a dentist and heads the Adani Foundation, of which she is the managing trustee.When he was a small trader, Adani’s father in law accepted him as a husband for his daughter after an astrologer said “the boy will float in riches and his wife will be a queen”.
Adani Enterprises:-Adani worked initially in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.
In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked the beginning of Adani’s foray into global trading by beginning to import polyvinyl chloride (PVC), a key raw material for manufacturing plastics. After the economic liberalisation, the import duty on various goods was slashed, and profits of Adani Exports, then his flagship company, grew immensely.In 1988 he set up an import-export company called Adani Enterprises.
Today Adani Group has transformed into a multi billion dollar businees empire. Gautam Adani’s Business Interests include the following: Power, Infrastructure, Trading, Power, Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man behind Mundra Port, the largest private sector port in India.
Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR) activities of the Adani Group. The foundation is involved in various activities such as rural developmemt, education, and health.