Adani group


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Adani group

  1. 1. An Assighnment On Entrepreneur Mr. Gautam S. AdaniChairman, Adani Group 1
  2. 2. Submitted To: Submitted By:Prof.Haresh Prajapati GUPTA AKASH 117170592007 Golden jubilee Institute of Management About Gautam Adani Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He is the chairman of the Adani Group, a leading trading and Export Company of India. On November 16, 2007, Forbes magazine announced that Adani was the 13th richest person in India with a personal wealth of US$6.7 billion, making him the first billionaire from the city of Ahmedabad. Biography Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani in a Gujarati Jain family. He had seven siblings. Adanis parents had migrated from the town of Tharad in northern Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located in Ratanpol in Ahmedabad. He set out for Mumbai to make a living with only a few 2
  3. 3. hundred rupees at a young age of 18 only.He studied at the Seth C. N. Vidyalya school inAhmedabad and later on at Gujarat University. Adani is University dropout, he studiedtill second year for his Bachelors Degree in Commerce.He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for twoyears, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaarand made his first lakh.In 1981, 1 year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabadand asked Gautam to run it. This marked the beginning of Adanis foray into globaltrading by beginning to import polyvinyl chloride (PVC), a key raw material formanufacturing plastics. After the economic liberalisation, the import duty on variousgoods was slashed, and profits of Adani Exports, then his flagship company, grewimmensely.Adani is married to Priti Adani. She is a dentist and heads the Adani Foundation, ofwhich she is the managing trustee. They have 2 sons. Karan Adani, 20, is pursuing his BSin Management from Purdue University, USA. Jeet Adani, their younger son is 10 yearsold. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005 and a Hawkerpurchased in 2008Indian Entrepreneur and Self Made Billionaire Gautam Adani, 46, is the Chairman of theAdani Group, one of the top diversified conglomerates of India. According to Forbes’2009 Gautam Adani has the net worth of $ 1.6 Billion.Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad. Adani a collegedropout, was only in his teens when he came to Mumbai where he got the job of adiamond sorter. After some time, he started a diamond brokerage business.In the early 80s he returned to Ahemedabad to enter the plastic business. After that Adanibegan to import PVC. (a raw material required for manufacturing of plastics). This iswhen he ventured into global trading. Economic liberalisation in India had a positiveimpact on his business. In the late 90s Gautam Adani diversified into infrastructure. 3
  4. 4. Today Adani Group has transformed into a multi billion dollar businees empire. GautamAdani’s Business Interests include the following: Power, Infrastructure, Trading, Power,Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the manbehind Mundra Port, the largest private sector port in India.Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR)activities of the Adani Group. The foundation is involved in various activities such asrural developmemt, education, and health.HistoryThe Adani Group, despite a humble beginning in 1988, is one of the fastest growingprofessionally owned enterprises in India and in the global arena. The flagship company,Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was established by Mr.Gautam S Adani in 1988 as a partnership firm with a seed capital of Rs. 5 lacs. Anentrepreneurial vision coupled with lofty ambitions and hard work set the pace for thegrowth of the company. Adherence to world-class quality standards and a customercentric approach has helped the Adani Group touch revenues of INR 262 billion (as onMarch 31, 2009.)The journey from a being a India’s most trusted trading house to a diversifiedconglomerate is fast, yet memorable. Today, the Adani business portfolio is a diverse, yetprofitable assortment of Edible Oil, Logistics, Power Generation, Coal, Oil and Gas 4
  5. 5. Exploration, Gas distribution, Real Estate, Ports, Special Economic Zones and IT enabledservices. Its growth has been organic leading to a synergy among its business units,making them more productive and competitive together.The LeadershipGautam S. Adaniis the Company’s Executive Chairman and founder of the AdaniGroup. He has completed his education up to matriculation. He has over 20 years ofvaried experience in business and trading with Adani. He is responsible for theCompany’s new business initiatives and strategic plans. Under his leadership, AdaniGroup has emerged as a diversified conglomerate with interests in international trading,infrastructure development, power generation and distribution, development of specialeconomic zones, gas distribution, trading and business process outsourcing. He has beeninstrumental in the diversification of the Adani Group into the power sector.Rajesh S. Adani is the Managing Director of the Company. He holds a bachelor’s degreein commerce from the Gujarat University. He has been associated with Adani EnterprisesLimited since its incorporation. He is in charge of day to day operations of the Companyand has been responsible for developing the business relationships of the Company. Healso handles the marketing and finance aspects of the Company. 5
  6. 6. Vasant S. Adani is a Non-Independent and Non-Executive Director of the Company. Heholds a bachelor’s degree in Arts. Vasant S. Adani looks into the administrative aspectsof the Adani Group. He has more than 25 years experience in management and real estatedevelopment.Amratlal C. Shah is an Independent Non-Executive Director of the Company. He holdsa doctorate in economics and has over three decades of banking experience and hasserved as the chairman and managing director of Bank of Baroda. Dr. Shah has alsoserved on the board of various reputed companies, such as UTI Bank Limited, RelianceCapital Limited, Jet Airways Limited, S. Kumar Nationwide Limited, EleconEngineering Company Limited, Gujarat Petro Synthesis Limited, Goldcrest (India)Limited and Gujarat Lease Finance Limited. Dr. A.C. Shah has also chaired severalcommittees on banking, the most recent one being the RBI Committee on the functioningof Non-Banking Finance Companies.Pravin P. Shah is an Independent Non-Executive Director of the Company. He is achartered accountant and has a doctorate in Finance. He is a partner of the charteredaccountants firm, Pravin P. Shah & Co. and is the proprietor of the chartered accountancyfirm, Pravin P. Shah & Associates. Dr. Shah has over 40 years of experience in areas offinancial consultancy, taxation, valuation, property matters, accounting, auditing,corporate laws and FEMA. He has also authored seven books on costing, managementstrategies, billion dollar companies and taxation.Jay H. Shah is an Independent Non-Executive Director of the Company. He holdsdegrees in commerce and law. Jay H. Shah has been with the Company since itsinception. He has wide experience of the Indian petrochemicals sector.Yoshihiro Miwa is an Independent Non-Executive Director of the Company. He holds amaster’s degree in commerce. He has wide experience in Commercial Science andBusiness Administration. He is also the chairman of Kowa Company Limited, Japan. 6
  7. 7. Anil Ahuja is an Independent Non-Executive Director of the Company. He holdsbachelor’s degree in Mechanical Engineering from Indian Institute of Technology (IIT),New Delhi and a Post Graduate Diploma in Business Management from the IndianInstitute of Management (IIM), Ahmedabad. He has more than 20 years of experience ininternational financial services. Anil Ahuja is one of the earliest private equity investorsin India, with over 10 years of investment experience. In the past, he has worked with 3iGroup Plc., JP Morgan Partners Asia and Citibank, Mumbai.Citizen AdaniGenesis of Adani FoundationAdani Foundation was established in May 1996. Situated in Ahmedabad, it is a part ofthe prestigious Adani Group and looks after the Corporate Social Responsibility relatedactivities of the Group, which has now become synonymous with creating wealth for thepeople. Adani Foundation was established with the vision to “accomplish passionatecommitment to the social obligations towards communities, fostering sustainable andintegrated development, thus improving quality of life". We began in a small way byworking with a few rural communities around our Port at Mundra.Through its grant, the Foundation supports efforts in the development of society, in areasof Rural Livelihoods & Communities, Education, and Health. Besides institutional grants,the Foundation also makes individual grants for education and medical relief. TheFoundation is registered as a NGO and operates in Gujarat with major focus in Kutch &Ahmedabad. This year, it will expand to other locations in the country. The Foundation isactive in four major areas for all sections of the society: 7
  8. 8. • Medical • Education • Rural Development • Charitable & GeneralAbout Adani GroupGroup HighlightFounded in 1988 the Adani Group has grown from being a trading house to a diversifiedand dynamic business group with interests from infrastructural development to FMCGs.A leader in international trading and infrastructure development, the Adani Group isengaged in a continuous Endeavour to maximize potentialities by synergizing themultiple businesses of the Group creating optimum business model.The Group has made foray into high growth sector like Power, Infrastructure, GlobalTrading, Logistics, Energy and is recognized for creating benchmarks for others tofollow… We are the operator of largest private port in India, We are the developer oflargest multiproduct SEZ in India, We have the largest edible oil refining capacity inIndia, and we are one of the largest trading houses in India. 8
  9. 9. The group is committed to constantly deliver good returns to its stakeholders and convertpartnerships into winning combination.Chairmans MessageIt’s my pleasure to introduce, before you, the Adani Group; a conglomerate thatspans a diversified, yet complementary business portfolio.Our businesses range from Commodities Trading to Edible oil Manufacturing; fromGreenfield port operations to natural gas distribution as well as power generation.We have committed ourselves to building a world-class organization; we have beenputting in the efforts to develop world-class competencies. We are pushing the envelope,expanding the international market frontiers and guaranteeing solid fundamentals for theorganization’s future.At Adani, we have always strived to explore and take advantage of the existing andemerging market opportunities to build value for our trade and investment partners. Thishas helped us and our partners to keep abreast of business competencies and harvest theoverseas investment opportunities.Adani is in its most glorious phase ever and I am excited about its future. As we 9
  10. 10. potentiate our capabilities, expand our operations, we are stand at a locus of domestic andglobal possibilities, that we are destined to reap. Today’s is a world that is constantlydemanding cleaner and better energy sources. As India and the world look expectantly tous, we must deliver. We have everything going for us…excellent relationships with ourtrade partners and shareholders and big ambitious goals. But more than anything else, wehave the right people and the right leadership.What can stop us on our path to growth?Nothing…well, almost.Gautam S. AdaniChairman, Adani GroupVisionTo be an entrepreneurially driven enterprise – Thinking innovatively in all aspects of thebusiness, from technological to commercial. To be intensely competitive in whatever wedo, by constantly bettering the benchmarks set by us.To be a globally preferred business associate - an entrepreneurial organization havingresponsible concern for employees, society, the ecology, and stakeholder value. Strive togenerate optimum value for all our associates through constant innovation and adoptionof universal best practices and improving upon all those touches points that directlyimpact the business.To be a responsible concern – We shall harmonize all our actions and reactions, with theglobal environment and actively work to reduce our environmental loadMissionTo assimilate knowledge, develop capabilities and manage collective enterprise toprofitably tap global commercial advantages for the benefit of stakeholders. 10
  11. 11. Group ValuesFrom inception three values have driven all the activities of the Adani Group. They arecentral to our operations worldwide and will continue to be at the core of all ourbusinesses.Trust - We will deliver on all our promises - our word is our bond.Courage - We will support our decisions and actions with conviction.Innovation - We will think laterally and never fight shy of embracing big ideas.Companies of Adani Group 11
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