Adani Group
Indian multinational conglomerate / From Wikipedia, the free encyclopedia
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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.[13] More than 60% of its revenue is derived from coal-related businesses.[14]
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 | ₹2.625 lakh crore (US$33 billion)[2][3] (2023) |
₹23,509 crore (US$2.9 billion)[2] (2023) | |
Number of employees | ~43,000+ (2024)[1] |
Subsidiaries |
|
Website | adani.com |
Footnotes / references [4][5][6][7][8][9][10][11][12] |
At its peak, Adani was the largest Indian conglomerate, surpassing Tata Group.[15] It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research.[16][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]