<h1>12 Mind-Blowing Facts About Adani Group</h1>

Did you know that Adani Group, India’s largest private port operator also owns Farm Pik, one of the largest suppliers of Apples in the country? The company also co-owns Fortune, the popular edible oil brand with Wilmar. Adani Group is a heavily-diversified business empire that is not just a massive conglomerate but looks almost like an ecosystem in itself. We bet you didn’t have the slightest idea about this either. Anyway, let’s watch these 12 mind-blowing facts about the Adani Group that are sure to raise your eyebrows. Table of Contents 1. Backed by a young, self-made millionaire 2. The first leg of Adani Group’s business 3. Cracked an Rs. 6,000 cr deal in just over 4 days 4. ‘Nation building’ is at its core 5. Runs some of India’s largest businesses 6. Offered mammoth returns to investors 7. Joined the ranks of market leaders in terms of market cap 8. Looks more like an ecosystem 9. Doing more than just business 10. Safe at home but not in the foreign land 11. Adani Group’s neck is deep in debt 12. Committed to conserving the environment

1.Backed by a young, self-made millionaire

He was a college dropout. He was abducted and held for ransom about two decades ago. He was also held as a hostage in the Taj attacks. Yes, we are talking about Gautam Adani, the founder of Adani Group. But Gautam started small. Although he was born in a family that ran a textile business, Gautam was enticed by Mumbai’s shiny diamond business. There, he worked with Mahindra Brothers as a diamond sorter for 2-3 yrs when he learned all the tricks of the business. Soon, he set up his own diamond brokerage firm in the famous Zaveri Bazar of Mumbai and made his first million, that is, Rs. 10 lakh in the third year he was in Mumbai. He was just 20 yrs old then.

2. The first leg of Adani Group’s business

The year was 1981. While Gautam Adani was still in Mumbai, his elder brother Mahakush requested him to run his plastic business in Ahmedabad. And in 1988, Gautam forayed into international trading markets by starting a commodity trading business in the name of Adani Enterprises Ltd. The company imported a key industrial raw material called Polyvinyl Chloride. This was the first leg of the group’s business and there has been no looking back since then.

Cracked an Rs. 6,000 cr deal in just over 4 days

In 2018, Adani Power Limited, a part of Adani Group, executed a definitive agreement to acquire Udupi Power Corporation Limited in 2014. Believe it or not, the deal was sealed in just 100 hours! Well, the credit goes to Gautam Adani’s business acumen and excellent negotiation skills.

4. ‘Nation building’ is at its core

Adani Group’s key business strategies have been in line with the government’s priority sectors. The group forayed into the defence sector in 2015 when the government was pushing for local manufacturing of defence equipment. Adani Group seized the opportunity by setting up facilities and tying up with defence contractors to supply equipment to the military. Likewise, the group ventured into India’s private fuel and airport sectors in 2018 and 2019, respectively. By and by, Adani Group set foot into diverse sectors including ports, renewable energy, power, airports, food, oil and gas, finance, real estate, and more

5. Runs some of India’s largest businesses

It was Gautam Adani’s childhood dream to build a large port. In 1995, this dream came true when the Adani Group won the bid to privately run the Mundra Port in Gujarat. Today, it is India’s largest private port that handles over 1,000 lakh tonnes/10 cr. tonnes of cargo each year. In all, the Adani Group operates 10 ports lining the Indian coastline. The group’s Adani Power is India’s largest private thermal power producer and Adani Transmission is one of India’s largest private players. The group also owns Adani Electricity that powers over 3 mn. households across Mumbai. What’s more, Adani Group also operates India’s largest private-sector rail. They have a 300 km-long private railway line.

6. Offered mammoth returns to investors

Started as a commodity trading business in the name of Adani Enterprises Ltd, Adani Group’s revenue has reached 1.1 lakh cr. in 2020. This is more than Indian IT majors including Infosys and HCL. In the same year, all six listed companies of Adani Group generated multibagger returns. While APSEZ offered returns of 60%, Adani Green shot by 400%. In comparison, Reliance Industries only delivered 40% returns in the same period. Now, that’s impressive! You can track the returns of the stock and other details on tickertape web and app. .