Success story of Gautam Adani

When we read the life story of a successful personality, it gives us a lot of insight into how they have managed and overcome the challenges in their lives. These lessons help us manage our lives and plan a better future for our loved ones. Mr. Gautam Adani is one such shining star in the sky of the Indian economy. GautamGautam Adani worked as a diamond sorter in Mumbai in the Eighties after dropping out of college and refusing to continue in his father's textile business. Adani started a diamond trading business for a while and turned into a millionaire at 20. He eventually started a commodities import and export firm in 1988. Adani’s are the second wealthiest family after the Ambani’s, but unlike other business tycoons, Adani didn’t inherit the fortune from his father. Instead, he worked hard to change his fate. If you look at the success story of Gautam Adani, it reveals his strong will, business acumen, and hard work, which he used to build his stair of success. From A College Dropout To A Business Tycoon, His Story Is Nothing Short Of Remarkable Adani, as a child, exhibited entrepreneurial traits. He dropped out of college after the second year to start a career. He was one of the seven children of his parents, who were economically weak. His father was a textile merchant. Adani moved to Mumbai to start working as a diamond sorter. His first job lasted for 2-3 years, but by then, he had learned the nitty-gritty of the business and how it changes with the market. His knowledge of the trade helped him set up a diamond brokerage. It was the first business that he tried his hands at. The next break of his life came when his brother, Mahasukh Adani, called him back to Ahmedabad to work at the plastic factory he had started. Gautam joined the firm, and soon he was importing polyvinyl chloride or PVC to India. The event marked his entry into the global trade arena. Surprising Facts About Gautam Adani Adani enrolled to study at Gujarat University but dropped out from his commerce course in the second year. Gautam Adani worked as a diamond sorter in Mumbai in the Eighties after dropping out of college and refusing to continue in his father’s textile business. Adani started a diamond trading business for a while and turned into a millionaire at 20. He eventually started a commodities import and export firm in 1988. Adani was reportedly kidnapped in 1998 at gunpoint for ransom after he along with another individual had just left a club in Ahmedabad and were released later. Adani also had a close encounter with the 26/11 terror attacks; staff at the hotel helped him hide in a basement from the terrorists who attacked the Taj where he was dining. He has been quoted as saying that he saw militants enter the building from the table at which he sat. Adani Is A Man With A Knack To Recognize An Opportunity When It Comes Knocking At Your Door Farsightedness and the ability to seize opportunity are the qualities that differentiate a successful person from the mass. Adani is living proof of that. He identified opportunities when the Indian economy threw open the doors to globalisation. It proved a blessing to him. Using the situation, he diversified fast to capture the new market. Adani founded Adani group in 1988, but his company initially was trading on agricultural products and power. But, it changed in 1991 as the new-age of the Indian economy ushered in. Adani took the opportunity to diversify, considering the shift in market demand. Gradually Adani Group emerged as a conglomerate, diversifying into power generation and transmission, coal trading and mining, gas distribution, oil and gas exploration, ports, and SEZ.

Adani Believes In Giving Back To The Society As a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, his elder brother Mahasukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations. This venture turned out to be Adani's gateway to global trading through polyvinyl chloride (PVC) imports. In 1985, he started importing primary polymers for small-scale industries. In 1988, Adani established Adani Exports, now known as Adani Enterprises – the holding company of the Adani Group. Originally, the company dealt in agricultural and power commodities. In 1991, the economic liberalization policies turned out to be favorable for his company and he started expanding the businesses into trading of metals, textiles, and agro products. In 1994, the Government of Gujarat announced managerial outsourcing of the Mundra Port and in 1995, Adani got the contract. In 1995, he set up the first jetty. Originally operated by Mundra Port & Special Economic Zone, the operations were transferred to Adani Ports & SEZ (APSEZ). Today, the company is the largest private multi-port operator. Mundra Port is the largest private sector port in India, with the capacity of handling close to 210 million tons of cargo per annum. In 1996, the power business arm of the Adani Group, Adani Power, was founded by Adani. Adani Power holds thermal power plants with a capacity of 4620MW, the largest private thermal power producer of the country. In 2006, Adani entered the power generation business. From 2009 to 2012, he acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland. In May 2020, Adani won the world's largest solar bid by the Solar Energy Corporation of India (SECI) worth US$6 billion. The 8000MW photovoltaic power plant project will be taken up by Adani Green; Adani Solar will establish 2000MW of additional solar cell and module manufacturing capacity. In September 2020, Adani acquired a 74% stake in Mumbai International Airport, India's second busiest after Delhi. In February 2022, he became Asia's richest person, surpassing Mukesh Ambani. In February 2022, the Adani Group has announced the incorporation of its wholly-owned subsidiary, AMG Media Networks, with an initial authorised and paid-up share capital of ₹1,00,000 each to carry on the business of media-related activities.