![cover image](https://wikiwandv2-19431.kxcdn.com/_next/image?url=https://upload.wikimedia.org/wikipedia/commons/thumb/d/d4/Adani_logo_2012.svg/640px-Adani_logo_2012.svg.png&w=640&q=50)
Adani Group
Indian multinational conglomerate / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Adani Foundation?
Summarize this article for a 10 year old
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.[12] More than 60% of its revenue is derived from coal-related businesses.[13]
![]() | |
Company type | Corporate group |
---|---|
Industry | Conglomerate |
Founded | 20 July 1988; 35 years ago (20 July 1988) |
Founder | Gautam Adani |
Headquarters | , India |
Area served | Worldwide |
Key people | Gautam Adani (Chairman) |
Services | |
Revenue | ![]() |
![]() | |
Number of employees | ~43,000+ (2024)[1] |
Subsidiaries |
|
Website | adani.com |
Footnotes / references [3][4][5][6][7][8][9][10][11] |
At its 2022 peak, Adani was the largest Indian conglomerate, with a US$206 billion market capitalization, surpassing Tata Group.[14] It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research.[15][16] In May 2024, the Adani Group's market capitalization returned to over $200 billion after the Supreme Court directed the Securities and Exchange Board of India (SEBI) to expedite its investigation.[17] 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.[18][19][20][21][22]