24 Facts About Gautam Adani

In 1981, Gautam Adani managed his elder brother's plastic unit in Ahmedabad which was his gateway to global trading through polyvinyl chloride imports and establishing the Gautam Adani Group in 1988.

Gautam Adani has been described as being close to India's Prime Minister Narendra Modi and to his ruling Bharatiya Janata Party government which has led to allegations of cronyism.

Gautam Adani is alleged to have paid over $250 million in bribes to Indian government officials to secure contracts in Andhra Pradesh, Chhattisgarh, Odisha, Jammu and Kashmir, and Tamil Nadu.

Gautam Adani was born on 24 June 1962 in a Gujarati Jain family to Shantilal and Shantaben Gautam Adani in Ahmedabad, Gujarat.

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, but dropped out when he was 16.

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 obtained the contract.

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

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

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.

In 2025, Gautam Adani attended the Maha Kumbh Mela in Prayagraj with his family, including his wife, Priti Adani.

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

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 they were "evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research".

The Gautam Adani Group published a 413-page rebuttal to the claims by Hindenburg Research.

The Organised Crime and Corruption Reporting Project reported in August 2023 that it had documents which prove how the Gautam Adani Group used individuals and front companies to buy and sell Gautam Adani stocks thus bypassing Indian securities laws that seek to prevent share price manipulation.

Prosecutors claimed that Gautam Adani group had raised billion in loans and bonds by concealing the scheme from American investors through false and misleading statements.

Gautam Adani is widely known for being close to Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party.

Gautam Adani married Priti Vora, a dentist, in 1986 and have two sons, Karan and Jeet.

Gautam Adani was in the restaurant of Taj Mahal Palace Hotel in Mumbai having dinner with the CEO of Dubai Ports 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.