SELF-MADE BILLIONAIRE: GAUTAM ADANI

From being a University dropout, to having his own University, Gautam Adani is the first billionaire from Ahmedabad, Gujarat. We have heard of success stories of people with the highest degrees, hierarchy of business, monetary power or a healthy circle of friends and family. But if we observe keenly, the supreme success stories are tagged ‘rags to riches’. Similar is the story of Gautam Adani, the 6th richest person in India, with a personal wealth of US $10 billion.

THE WHIZ KID

Gautam Adani was born to a Gujarati Jain family of Shantaben and Shantilal Adani on 24 June 1962, in Ahmedabad. The family had migrated to the city from the smaller place called Tharad in northern Gujarat, in search of means to earn a decent living for their eight children. Needless to say, the monetary situation was very tight. Gautam had a few hundred rupees on hand at the age of 18, when he set out to the land of dreams, Mumbai in search of a living.

Gautam was a student of Seth CN Vidyalaya and later dropped out of the Gujarat University, where he was pursuing second year for his Bachelor’s Degree in Commerce. He started his career as a diamond sorter at Mahindra Brothers in Mumbai. After working for two years, Gautam set up his own diamond brokerage unit at Zaveri Bazaar, the biggest jeweler market of the city. It was here that he earned his first lakh.

THE BIZ KID

In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked his advent in the field of global trading as he started importing polyvinyl chloride (PVC), a key raw material for manufacturing plastics.

After the economic liberalization in India, the import duty on various goods was slit. This had a positive impact on the profits of Adani Exports, then the flagship company of Gautam Adani. Today, the Adani Group has transformed into a multibillion-dollar business empire. Under the leadership of Gautam Adani, the Group has emerged as a diversified Energy and Logistics conglomerate with interests in Power Generation & Transmission, Coal Trading & Mining, Gas Distribution, Oil & Gas Exploration, along with Ports, Special Economic Zones et al. The Group also runs the Adani Foundation, started in 1996 as a part of the Corporate Social Responsibility (CSR). The foundation is involved in various activities such as rural development, education and health.

Today, the flagship of his Rs 27,000-crore empire, Adani Enterprises Ltd., has been rated among the 50 top performing Asian companies by Forbes magazine. His three listed companies – Adani Enterprises, Adani Power and Mundra Port and Special Economic Zone have a combined market capitalization that places the group among India’s top 10 business houses.
Listed by the Forbes in March 2011, Gautam Adani is also the proud owner of two private jets – a Beech craft jet purchased in 2005 and a Hawker purchased in 2007.

PERSONAL PROXIMITY

Gautam is happily married to Mrs. Priti Adani, a dentist by profession. She heads the Adani Foundation as the managing trustee. The couple has two sons, the elder one, Karan Adani, is 20 years of age and the younger one, Jeet Adani, is 10 years of age. The elder son is presently pursuing his Business Studies in Management at the Purdue University, USA.
Adani Group has been a generous contributor to Bharatiya Janta Party (BJP). Also, Gautam has proximity to Gujarat Chief Minister Narendra Modi. It was speculated that Adani bid for the Ahmedabad franchise of the Indian Premier League (IPL) cricket tournament at Modi’s urging, though the bid failed.

LESSONS OF SURVIVAL AND SUCCESS

Gautam Adani is an icon of unwavering focus and continuous learning. He has set up milestones in his journey towards a strong and energy-sufficient India. Gautam has proved that the best learning comes from the most unconventional real-life situations, where everyone has to learn to first survive before achieving success.

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