Reading the life story of any famous personality gives you a lot of insight into how they became successful and overcame challenges in their life. Their stories give us a lesson to do better in our life. Do you agree? And Gautam Adani is one such splendid personality in the Indian business who has made his name worth talking about. He is a man who dreamed big and turned it into reality. From a college dropout to a business tycoon, Gautam Adani success story is nothing short of remarkable. Gautam Adani built his empire over decades of tireless efforts and through sheer grit. Earlier, he was India’s second richest person, but now he stepped down to the 8th number. This year, Adani lost his nearly $27 billion net worth and made him the eighth richest person.
In this article, we will shed light upon Gautam Adani success story so bear with us till the end and get inspired by his journey. Let’s get started.
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Let’s dive into the early life & education of Gautam Adani
Gautam Adani was born on 24 June 1962 into a business family in Ahmedabad, Gujarat, India. His father Shantilal Adani was a diamond merchant, but Gautam Adani never developed an interest in his family business. He did his schooling at Seth Chunilal Damodardas Barfiwala High School in Ahmedabad and then went to Gujarati Medium School for his higher secondary education. After that, he pursued Commerce from Gujarat University. However, he dropped out of college after the second year to pursue his dreams of becoming an entrepreneur.
First business as a diamond merchant
Gautam Adani’s very first business was a diamond which he started after dropping out of college. Adani started this business as a diamond trader in Mumbai and quickly rose to become a leading diamond trader in the city. After that, he set up his own diamond-cutting and polishing factory in Surat, which became the largest in the world. Needless to say that Adani’s successful diamond business allowed him to branch out into other areas as well, like power generation and infrastructure development. Further, his companies are now some of the most successful corporations in India thus, he is known as the richest man in the country.
Diversification of business to a broad level
In 1981, Adani set up a commodity trading business in Mumbai, which led to the foundation of the Adani Group. Today, this is known as a globally integrated infrastructure conglomerate with businesses in key industry verticals like logistics, energy, resources, and agro. Diversification has been a key part of Gautam Adani success story and growth strategy. At present, Adani Group is India’s leading business house having an interest in commodities trading, ports, power generation, SEZs, gas distribution, transmission & distribution, and city gas projects. Adani Group has a strong presence across India as well as in other countries like China, Australia, Indonesia, and Singapore.
Adani’s non-stop entrepreneurial journey
To understand Gautam Adani success story, it’s important to know about this entrepreneurial journey. In 1988, he founded Adani Exports Limited (now known as Adani Enterprises Ltd.). Initially, he dealt with agricultural commodities and power, which expanded over the years. The company got successful with the liberation and reformation of 1991, which boosted Adani’s business and increased revenues and profits for his company. This favourable environment allowed him to expand his business to the next level.
In 1996, Adani founded Adani Power Limited, the power business subsidiary of Adani Group. Undoubtedly, the company is one of the biggest power producers and the largest solar power producers in India. Adani’s business would continue to become the flagship business in India and worldwide with its fingers on various businesses, from cement to media.
The success of Adani earned him the title of the richest person in the world. Yes, on September 18, 2022, Gautam Adani became the second richest person in the world. On Forbes’ real-time billionaire list, the tycoon Gautam Adani places second with $154.7 billion in net worth, surpassing Jeff Bezos and Bernard Arnault.
His journey as a Philanthropist
The billionaire Gautam Adani success story also includes his journey as a philanthropist. He has donated generously to different causes such as health care, education, disaster relief, etc. Additionally, he has also contributed his precious time and energy to various projects; for instance, he has participated in tree planting drives and cleanliness programs. Further, Adani’s philanthropic venture is not restricted to India rather; he has also donated to internal causes. For example, he contributed to relief efforts for victims of the 2004 tsunami in Indonesia and the 2010 Haiti earthquake. Not only this, but he has also donated money to support climate change as well. Adani’s generosity and philanthropy are appreciated worldwide, which led him to receive an award for his charitable work.
In 2012, he got named one of the “100 most influential people in the world” by Time Magazine. And in 2014, he received the Padma Bhushan award, which is known as India’s highest civilian honours.
In Gautam Adani success story, one can learn that he is a self-made man who became one of the most successful businessmen not only in India but worldwide. He is a true inspiration to all young entrepreneurs who have shown that with hard work, determination, and persistence, anything can be achieved. We hope that Gautam Adani success story has inspired you a lot to fulfil your dreams too.