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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...
Image Source : Wikipedia
- 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
Daily Briefing: The morning after the Adani indictment, its politics
November 22, 2024 9:46 am
In today's edition: Army probe into ‘ill-treatment’ of J&K civilians; crisis at COP29; a UP town on edge; and more
Adani's US indictment spooks investors; bonds fall again
November 22, 2024 7:48 am
Adani Ports and Special Economic Zone debt maturing in 2027 traded at 92 cents on the dollar and longer-dated maturities around 80 cents.
As Rahul Gandhi feels ‘vindicated’, what Gautam Adani’s indictment means for his ‘crony capitalism’ pitch
November 22, 2024 5:27 am
In an attempt to make the corruption accusations against the Modi government stick, the Congress leader framed the accusations against the industrialist as something that will impact people, including the middle class, in their daily lives. "The power tariff is going up because Adani is indulging in corruption," he alleged.
Kenya drops airport deal with Adani Group after US indictments
November 22, 2024 7:45 am
The proposed deal, which aimed to expand Nairobi's Jomo Kenyatta International Airport, would have seen Adani add a second runway and upgrade the passenger terminal.
Rupee falls 8 paise to hit fresh low of 84.50 against US dollar
November 21, 2024 7:02 pm
The US dollar strengthened due to safe-haven appeal amid escalating tension between Russia and Ukraine, while the continuous outflow of foreign funds also put pressure on the domestic unit
Behind Adani investigations: multiple US agencies, Indian-American officials
November 22, 2024 1:46 am
Billionaire Gautam Adani has been implicated in an alleged “massive bribery scam” which is being parallely investigated by the FBI and DoJ, and the SEC
Adani Green’s US fundraise & Azure’s NYSE listing: Two reasons why the US is taking action in an alleged bribery scam in India
November 22, 2024 9:28 pm
The connection with the Adani group primarily pertains to an Adani Green corporate bond issuance in 2021, which involved US investors.
Adani US Indictment Impact: Shares of PSU lenders fall by up to 4.47% amid worries over exposure
November 21, 2024 7:36 pm
The Adani group’s total debt exposure is estimated to be around Rs 2.41 lakh crore.
On Gautam Adani indictment, Rahul Gandhi says: ‘He should be arrested today itself… PM is protecting him’
November 21, 2024 1:45 pm
Leader of Opposition says he will raise issue in Parliament, indicating a stormy Winter Session next week
Adani shares plunge by up to 23%, Group scraps issue of $600-million bond
November 22, 2024 11:01 am
Adani Group companies lost a total of Rs 2.22 lakh crore in market capitalisation on Thursday.
