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Gautam Adani – College Dropout To Billionaire Entrepreneur

Gautam Adani is a great motivation for potential entrepreneurs and has many fascinating characteristics. This blog will provide all the details.

His Early Life:

Gautam Adani, an Indian entrepreneur, was born in Ahmedabad (Gujarat) on 24 June 1962 to a Gujarati family. His father is Shantilal Adani, and his mother is Shanti Adani. His father was a textile dealer. Gautam Adani is the youngest of seven siblings. His parents relocated from Tharad in northern Gujarat in search of better opportunities for his family.

Dropping Out From College:

He graduated from Nagindas Vidyalaya school in Ahmedabad. He decided that academics weren’t for him when he applied to Gujarat University for a Bachelor’s Degree in Business. Many were shocked when he quit college after his second year.

Migration In Search of Better Future:

Gautam was a young man who went to Bombay in 1978, the City of Dreams. He had only a hundred rupees. As a diamond sorter, he worked for Mahendra Brothers for two to three years. Adani also started his own gem brokerage firm in Mumbai’s Zaveri Bazaar.

Gautam elder brother, Mansukhbhai Adani, purchased a polymers plant in Ahmedabad in 1981 and asked him to supervise the company. Gautam Adani started his company by importing raw materials from small-scale businesses. He founded Adani Industries Limited in 1988. It is the Adani Group’s parent business.

Adani Enterprise Limited is the current name of Adani Export. Adani Export was originally involved in the trading of electricity and agricultural products.

Stepping Stone In The Business:

Adani Enterprises Limited has expanded into new sectors like transportation, mining, and power. Adani Exports Limited plays a role in India’s development and operation. Adani was awarded the Mundra Port contract in 1993 by the Gujarat government.

Gautam Adani started operating the first port through Mundra Port and Exclusive Trade Area in 1995. Mundra Port is India’s largest private-sector port with a freight forwarding capacity exceeding 300 million tonnes.

Gautam started his career in power generation in 2006. Between 2009 and 2012, he purchased Australia’s Jebel Ali Port as well as Queensland‘s Carmichael Coal. According to Forbes, Gautam Adani holds 75% of Adani Transmission and 75% respectively of Adani Enterprises and 66% of Adani Ports & Zones Limited. He also owns 73% Adani Power. India Today named Gautam Adani the third most influential person in India in 2019.

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