Name:- Panchal Nitin Gopal

Roll NO. :- 24
Subject :- Foundation of Human Skill
Project :- Entrepreneur Gautam Adani

Submited to,
Prof. Gulnar
Shaikh

-: Index :Sr. No.

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Topic
Introduction of Gautam Adani
History of Gautam Adani
Career of Gautam Adani
Success of Gautam Adani
Current affairs of Gautam Adani
Bibliography

Page No.

1) Introduction of Gautam Adani :

Gautam Adani (born 24 June 1962) is an Indian business tycoon who is the
chairman and founder ofAdani Group. According to Forbes, his personal wealth is

estimated to be $7.1 billion as of September 2014.

He founded The Adani Group in 1988 and today it is a globally integrated
infrastructure player with businesses spanning coal trading, coal mining, oil & gas
exploration, ports, multi-modal logistics, power generation, Agri Infrastructure,

edible oil & transmission and gas distribution.

With business experience of more than 33 years.Gautam Adani is an Indian
entrepreneur who has led the Adani group from a modest background to create a

$8 billion professionally managed empire in a relatively short period of time.

He is a first generation entrepreneur. The Adani Group's business strategy has

revolved heavily around excessive leverage and political patronage.

As of 2015, they are one of India's most indebted business groups.

2) History of Gautam Adani :-

Gautam Adani was born into a Gujarati Bania family on 24 June 1962 in the
Sethni Pol area located in Ratanpol in Ahmedabad,Gujarat, India. He is the son of
Shantilal and Shantaben Adani and has seven siblings. His parents had migrated

from the town of Tharad in the northern part of Gujarat India.

He is married to Priti Adani who is a dentist and heads Adani Foundation as a

Managing Trustee. They have two sons - Karan Adani and Jeet Adani.
He did his schooling from Sheth C.N. Vidyalya School in Ahmedabad. Later, he
studied at Gujarat University but only till his second year for a bachelor's degree

in Commerce.
Instead of joining his fathers textile unit in Ahmedabad, Gautam Adani moved to
Mumbai at a young age of 18 with only a few hundred rupees. He started his
career 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.

He has claimed that he made his first million witIhin a year, at the age of 20, a big
amount during the 1980s.After 2 years he set up his own diamond brokerage outfit
at Zaveri Bazaar. His elder brother Mansukhbhai, bought a plastics unit in

Ahmedabad in 1981 and wanted Gautam to run it.

Manhasukh Adani, Gautams elder brother and an entrepreneur, called Gautam
back to Ahmadabad to run his newly purchased plastic factory.Soon, Gautam
began commodity trading by importing Polyvinyl Chloride (PVC), a key raw

material for manufacturing plastic.

Gautam Adani, referred to as 'Gautambhai', is known for his risk appetite. Former
IIM-A director Bakul Dholakia, who is associated with the Adani group's
educational and CSR initiatives said, "In terms of the risk taking appetite and risk
absorption capacity there are very few who can match Gautam Adani. There are
many who take large risks, but very few have the ability to face their adversity
with courage and conviction".

3) Career of Gautam Adani :

While working at his brother's plastics unit, Adani gained valuable working
experience of working with the intricacies of Global Trade. During the late 1980s

young entrepreneurs were looking to enter the relatively new and exciting sectors

of Software and Telecom.

But Adani ventured into what merchants and East India Company used to do 1000
of years ago under the British rule. The Adani Group, along with its flagship
company, Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was

established by Gautam Adani in 1988 as a Partnership firm with a capital of 5 lacs.

The Adani Group had a quiet beginning, but Adani used his skills of persuasion to

get beneficial land allotment policies and guidelines from the bureaucracy.
Adani's entrepreneurial and ambitious vision along with rigorous hard work made
the Adani Group one of the fastest growing professionally owned enterprises in

India.
Maintenance of world-class quality standards and a customer focused approach

helped the Adani Group to achieve revenues of INR 262 billion by 2009.
After the economic liberalization in India, the import duty on various goods was
slit. This had a positive impact on the profits of Adani Exports, then the flagship

company of Gautam Adani.

Today, the Adani Group has transformed into a multibillion-dollar business
empire. Under the leadership of Gautam Adani, the Group has emerged as a
diversified Energy and Logistics conglomerate with interests in Power Generation
& Transmission, Coal Trading & Mining, Gas Distribution, Oil & Gas
Exploration, along with Ports, Special Economic Zones et al. The Group also runs
the Adani Foundation, started in 1996 as a part of the Corporate Social
Responsibility (CSR). The foundation is involved in various activities such as
rural development, education and health.

4) Success of Gautam Adani : About Adani Group - Company Profile

With Gautam Adani as the Chairman and Promoter, the Adani Group is a Gujarat
based Indian conglomerate.The group's core businesses include commodities

trading, edible oil manufacturing, Mundra port operations and distribution of

Natural Gas.
Its journey to become one of Indias most trusted and diversified trading house
was fast and worth imitating.Apart from its core businesses, the Adani Group has
also diversified into Real Estate, Ports, Special Economic Zones and IT enabled
services. Its expansion was accompanied by a synergy among its business units to

bring them together and make them more productive and competitive.
The group emphasizes on converting partnerships into winning relationships and

is committed to satisfy its stakeholders by constantly delivering good returns.

Adani group covers more than 50 companies under it, some of them being:

Adani Enterprises Ltd.

Adani Agri Logistics Ltd.
Adani Agri Fresh Ltd.
Gujarat Adani Energy Ltd.
Adani Mining Ltd.
Gujarat Adani Port Ltd.
Adani Power Ltd.
Adani Retail Ltd.
Adani Wilmar Ltd.
iCall India Ltd.
Adani Properties Ltd.
Mundra Port and Special Economic Zone Ltd.

Their corporate office is headquartered in the city of Ahmedabad, India.

Projects of Adani Group

Mundra Port is one of the countrys first and the most efficient private port and its
100 sq km SEZ was one of Indias largest multi-product free-trade zones. It
currently handles 40 million tonnes of cargo which is expected to go up to 100

million tonnes.
The Adani Group had entered the Power sector with its 4620 MW thermal power
project in Mundra, Kutch district. By march 2010, the first 2 units of 660MW had

been completed.
Awards and Achievements
The Adani Group under the leadership of Gautam Adani has been the recipient of
many awards and honors for its corporate performance. Some of them being:

o It received the Dun & Bradstreet Rolta Corporate Award 2008 for
outstanding performance in Trading after the performance evaluation of
over 500 companies.
o Gautam was awarded the Excellence in Management Award (2007) by
Chief Minister of Gujarat.
o The Adani Group's Mundra Port and SEZ was awarded the Port Authority
Award (2006) by Lloyds List for the Best Port in Middle East and Indian
subcontinent.
o In 2005, it was conferred as Five Star Export House and it received
FIEO's Niryat Shree Gold Trophy.
o The Adani Group's, Fortune is the largest selling edible oil brand in India
with a 22% market share.
o It received the ICSI award for Excellence in Corporate Governance in
2004.
o It received the GCCI Export Appreciation Award in 2004.
o It was awarded the International Code for the Security of Ships and of
Port Facilities (ISPS) for compliance by Ministry of Shipping, Govt. of
India, 2004.
o In 2003, it ranked 38th in BS 1000-Indias Corporate Giants.
o In 2001, it was awarded the status of Golden Super Star Trading House
as well as the SOPA award.
o In 2000, it received the SRTEPC award.
o Gautam Adani owns 2 private jets, a Beechcraft jet purchased in 2005 and
a Hawker purchased in 2008.

Today, the Adani Group is worth US$ 7.1 Billion and its flagship company, Adani
Enterprises Ltd was rated among the 50 top performing Asian companies by
Forbes magazine. The combined market capitalization of 3 of its listed companies
- Adani Enterprises, Adani Power and Mundra Port and Special Economic Zone
have put the group among Indias top 10 business houses.

5) Current affairs of Gautam Adani :

India's Adani Group is in talks with Japan's Softbank and Foxconn, maker of
Apple's iPhone, to secure investment in a $3 billion project to make solar cells and
panels in the country, two sources with knowledge of the matter said.

Prime Minister Narendra Modi's government expects clean energy to yield

business worth $160 billion in India in the next five years, based on the country's
power generation targets.

Softbank, Foxconn and Bharti Enterprises have already pledged to invest about
$20 billion in solar projects in India. A new deal with Adani, one of the country's
largest conglomerates, would boost Modi's efforts to promote manufacturing and
create sorely needed jobs.One of the sources, who is involved in the negotiations,
said that over the past few weeks, the billionaire founder of the mines-to-power
Adani Group, Gautam Adani, had held talks with Softbank Chairman Masayoshi
Son and Foxconn head Terry Gou."(Adani) are talking to Softbank, they are
talking to Foxconn. They may partner with both of them. Something will be
finalised in the coming few months," the source said.

Both sources said the deal was yet to be finalised. Under the current discussions,
Softbank and Foxconn, which have a string of planned and executed in
investments in India, could directly inject money into the project.

Foxconn Technology Group, Softbank and Adani all declined to comment.One of

the sources said the talks had gathered pace after Adani and U.S. solar power
company SunEdison two months ago ended a $4 billion agreement struck earlier
this year, on a similar project."That deal could not mature," said the India-based
source. "They were charging too much on the technology fee."A SunEdison
spokesman declined to comment.

Under the planned project, Adani is looking to set up a plant to produce 3

gigawatts (GW) of solar cells and panels, probably in Modi's home state of
Gujarat by 2020, said the source. Adani is based in the state and is said to be close

to the prime minister.The first phase of 1 GW will be completed by 2018 and the
company has already started buying equipment for it.

India is relying on renewables to fight climate change rather than committing to

emission cuts like China, arguing that any target could hinder economic growth
vital to lifting millions of its people out of poverty.Modi has set clean-energy
targets including raising solar capacity five-fold to 100 gigawatts (GW) by 2022,
as India's peak power demand doubles over the next five years from about 140
GW now.

But most of the investment in the sector is expected to come either from foreign
investors or companies such as SunEdision, Trina and First Solar.

6)Bibliography :-

Wikipedia
www.firstpost.com
aditirindani.wordpress.com
business.mapsofindia.com
timesofindia.indiatimes.com