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THE START
The ADANI GROUP was started in 1988 by Gautam Adani as a trading business. Its Headquarters is in AHMEDABAD Gujarat It currently serves:- port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing, infrastructure. -
THE RISE
Due to a remarkable event in Adani PVC pipe business he started importing PVC to India from international market. Gradually he started importing Petroleum and other chemicals as he developed his expertise in this market
Source :- https://www.adani.com/ -
MUNDRA PORT GUJARAT
The Mundra port of gujarat was Privatized by government. The strong political connections and relationships made by Adani helped him get the contract and this was one of the biggest turning point in Gautam Adani's life.
In present time Mundra port is the largest private owned port and there are 13 more such ports owned by Adani Ports & SEZ ltd www.wikipedia.org -
THE DOWNFALL( i )
After aquiring ports the adani group had reached at their peak and were successful in achieving their aim. By 2012 adani group was given many port contracts due to Gautam Adanis political relations with the current CM of gujrat. For this Gautam Adani was highly criticized and had to face a huge loss in their stock price -
THE DOWNFALL( ii )
In the general election of 2014 may politicians of BJP were found using Adani's private jet and this also became a strong point for the opponents -
THE GREAT RISE
In 2022 Adani became 5th richest man in the world leaving behind the iconic Warren Buffet.Adani group has 24% market shares.Adani group has experienced 88% growth in their valuation. Source:-www.economictimes.indiatimes.com FACT:- (Gautam Adani was a Hostage in The taj attack 26/11)