Adani Group

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. More than 60% of its revenue is derived from coal-related businesses.

Adani Group
Company typeCorporate group
IndustryConglomerate
Founded20 July 1988 (20 July 1988)
FounderGautam Adani
Headquarters,
India
Area served
Worldwide
Key people
Gautam Adani (Chairman)
Services
Revenue 2.625 lakh crore (US$33 billion) (2023)
Net income
23,509 crore (US$2.9 billion) (2023)
Number of employees
~29,200+ (2023)
Subsidiaries
Websiteadani.com
Footnotes / references

At its peak, Adani was the largest Indian conglomerate, surpassing Tata Group. It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research. The Adani Group has also attracted other controversies due to reports of stock manipulation, accounting irregularities, political corruption, cronyism, tax evasion, environmental damage, and suing journalists.

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