Gautam Adani: The rise and rise

Asia's Tech News Daily

Gautam Adani: The rise and rise

BECAUSE when most businesses are conserving cash and curtailing investment, this first-generation businessman is aggressively expanding the Adani empire in infrastructure sectors such as roads, power, airports and solar energy, creating over $100 billion (Rs 7.5 lakh crore) in shareholder value

BECAUSE the group’s six listed firms in the areas of ports, roads, power, clean energy and mining generated an income of Rs 96,754 crore in FY21 and had a market capitalisation of $122 billion (over Rs 9 lakh crore) as on October 19

BECAUSE he has emerged as India’s biggest private airports operator in three years, with group subsidiary Adani Airports taking over operations of seven airports last year, including the country’s second busiest, Mumbai, and will also operate the under-construction Navi Mumbai airport

BECAUSE he is giving a big push to the clean energy business, announcing investments of over $20 billion (Rs 1.5 lakh crore) to set up equipment manufacturing units and infrastructure over the next 10 years

BECAUSE he forayed into the transformational digital business linking data centres, super apps and industrial clouds during the pandemic, creating AdaniConneX, a data centre joint venture between AEL and EdgeConneX, to develop 1 GW of data centre capacity over the coming decade

HELPING HAND Used the group’s air, land, road, rail and sea-based logistics network to distribute oxygen across the country to needy Covid patients, procuring 48 cryogenic tanks capable of carrying 780 tonnes of liquid oxygen in May. The Adani Foundation pulled 33,000 children out of malnourishment, one of the largest private programmes of its kind in the country

FAST LANE Proud owner of a fleet of luxury cars, including a red Ferrari

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Gautam Adani: The rise and rise
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