Adani Group is an Indian multinational conglomerate headquartered in Ahmedabad, Gujarat, founded on 20 July 1988 by Gautam Adani as a commodity trading business. It has since expanded into sea and airport management, electricity generation and transmission, coal and other mining, natural gas, food and infrastructure, with more than 60 percent of its revenue tied to coal-related businesses, and reported revenue of about 3.09 lakh crore rupees, roughly 32 billion US dollars, and around 36,000 employees in 2024. The group became India's largest conglomerate by market value in 2022, at one point valued near 206 billion US dollars and surpassing the Tata Group, before fraud allegations published by the short seller Hindenburg Research in January 2023 wiped out more than 104 billion dollars in market value.
Facts
Company Type Founded Year Company Type
Company Type (category) Connections
Operates In
Source Wikipedia, Adani Group
In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Source Wikipedia: Adani Grouptier 2
Sources
1. Wikipedia, Adani Group
WikipediaLead sentence
Adani Group (Hindi: [əd̪aːniː], Gujarati: [əd̪aɳiː]) is an Indian multinational conglomerate, headquartered in Ahmedabad.
Infobox: type
Corporate group
Lead section
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.
Operates In: Conglomerate Industry, Infobox: industry
Conglomerate
View the Source Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.