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Adani Group
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Adani Group: A Colossus Under Scrutiny The Adani Group, an Indian multinational conglomerate founded in 1988 by Gautam Adani, has rapidly ascended to become a prominent force in various sectors, including ports, airports, energy, mining, and infrastructure. Initially a commodity trading business, th...
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- Company type Corporate group
- Industry Conglomerate
- Founded 20 July 1988
- Founders Gautam Adani
- Headquarters Ahmedabad, Gujarat, India
- Area served Worldwide
- Key people Gautam Adani (chairman)
- Revenue ₹3.09 lakh crore (US$35 billion) (2024)
- Net income ₹41,263 crore (US$4.7 billion) (2024)
- Number of employees ~36,000 (2024)
- Website www.adani.com
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- IKEA, Reliance Industries and V-Guard Industries
Adani Group history
Last Updated : 26/03/25, 11:30 PM
Adani Exports Limited: From Trading to Conglomerate Adani Exports, founded in 1988 with a capital of ₹5 lakhs, rapidly transformed from a commodity trading firm into a sprawling conglomerate. The establishment of Mundra Port in 1990 provided a crucial logistical advantage, fueling its growth. ...
ADANI GROUP NEWS
Adani bribe-linked company in IPR tangle in US, could impact $10 bn American investment plan
November 25, 2024 8:02 am
The Commission had received a complaint against two Adani firms: Adani Solar USA Inc., based in Irving, Texas, and India-based Adani Green Energy Ltd., among others, for allegedly violating Section 337 of the US Tariff Act of 1930.
Gujarat Congress seeks JPC probe into bribery charges against Adani Group
November 23, 2024 4:55 am
Gohil, a Rajya Sabha MP, also demanded a CBI investigation under the monitoring of a sitting Supreme Court judge into the allegations.
In Adani indictment shadow, Jagan suffers another jolt—TDP’s Nara Lokesh says there is no Leader of Opposition in Andhra Pradesh
November 22, 2024 10:25 pm
The minister and CM’s son spoke while introducing an amendment to an Act that will allow the Lokayukta to operate without the LoP as its member.
Adani group's mega fundraising plans could falter on higher borrowing costs, cautious approach by lenders
November 23, 2024 7:10 am
Banks and financial institutions are likely to take a wait-and-watch approach regarding the Adani group and any fresh funds would likely be at higher interest rates due to the increased risks.
Mounting troubles for Adani group: Getting more funding may get harder after latest US case as banks review credit
November 22, 2024 5:39 pm
S&P says Adani group's access to funding could be hampered and the conglomerate's bonds dropped sharply for second straight day on Friday
BJD breaks silence on Adani bribe allegations to Odisha officials: ‘Baseless and incorrect’
November 22, 2024 10:27 pm
The power purchase agreement between SECI, a central PSU, and the state’s power utility Gridco was made in July 2021, when the Naveen Patnaik-led BJD was in power in Odisha.
Rs 7 lakh crore: Losses suffered by investors in listed Adani companies since first Hindenburg report in Jan 2023
November 23, 2024 12:11 am
The investor wealth of $82.91 billon wiped out in Adani companies since Hindenburg report
'Will study US chargesheet reports, act on irregularities': Andhra CM Chandrababu Naidu on Adani bribery case during YSRCP regime
November 22, 2024 3:36 pm
The previous YSRCP regime is embroiled in an alleged scam with claims that government officials received bribes from the Adani Group.
Adani indictment in US damages global credibility of India Inc
November 23, 2024 12:36 pm
Every head of government waves the flag to promote national business interests. To take this beyond the “lakshman rekha” that separates cronyism and corruption does not serve the national interest.
Majority of Adani group stocks trade lower for 2nd day; Adani Green tumbles 11%
November 22, 2024 12:00 pm
Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE.
