21 Facts About Gautam Adani

Gautam Shantilal Adani was born on 24 June 1962 and is an Indian billionaire industrialist who is the founder and chairman of Adani Group, a multinational conglomerate involved in port development and operations in India.

Gautam Adani's parents had migrated from the town of Tharad in the northern part of Gujarat.

Gautam Adani was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad.

Gautam Adani enrolled for a bachelor's degree in commerce at Gujarat University, but dropped out after the second year.

Gautam Adani was keen on business, but not his father's textile business.

In 1981, his elder brother Mahasukhbhai Gautam Adani bought a plastics unit in Ahmedabad and invited him to manage the operations.

In 1994, the Government of Gujarat announced managerial outsourcing of the Mundra Port and in 1995, Gautam Adani got the contract.

Gautam Adani Power holds thermal power plants with a capacity of 4620MW, the largest private thermal power producer of the country.

In 2002, Gautam Adani was arrested by Delhi Police in execution of a non-bailable warrant, following a cheating complaint by a top of official of M S Shoes.

In May 2020, Gautam Adani won the world's largest solar bid by the Solar Energy Corporation of India worth US$6 billion.

In November 2021, while speaking at the Bloomberg India Economic Forum, Gautam Adani said the group is investing US$70 billion in a new green energy business.

In May 2022, Gautam Adani family acquired Ambuja Cements and its subsidiary ACC from Swiss building materials giant Holcim Group for $10.5 billion, through an overseas special-purpose entity.

The losses resulted in Gautam Adani dropping from the 3rd richest person in the world to 22nd on Forbes' billionaires tracker.

The Gautam Adani Group's CFO stated that the timing of the report's publication was a "brazen, mala fide intention" to damage the offering.

The Gautam Adani Group said that the Hindenburg Research report was "malicious combination of selective misinformation and stale" information, and that it was "evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research".

Gautam Adani personally maintains a negligible media presence but is widely known for being close to Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party.

Gautam Adani was in the restaurant of Taj Mahal Palace Hotel in Mumbai having dinner with another businessman at 21:50 on 26 November 2008 when the hotel was attacked by terrorists.

Gautam Adani hid in the hotel kitchen and later in the toilet, and came out safely at 08:45 the next day.

In March 2020, Gautam Adani contributed 100 crore to the PM Cares Fund through his group's philanthropy arm, to fight the COVID-19 outbreak.

Gautam Adani led Gautam Adani Group imported four ISO cryogenic tanks filled with 80 metric tonnes of liquid medical oxygen from Dammam in Saudi Arabia to Mundra in Gujarat.

In June 2022, Gautam Adani has committed to donate Rs 60,000 crore to social causes.