Today I want to talk about Adani Group one of the fastest growing business empire of India. It is a hot topic in India as of now, care to know why!! 

A little introduction of the founder Mr Adani, his full name is Gautam Shantilal Adani, 58 years old from Gujarat his father was into textile business. Mr Adani is a college dropout because he wanted to open a commodities export firm in 1988. He refused to join his fathers business. He is the Chairman of Adani Groups and President of Adani Foundation. Why we are talking about him is because of the news which made his companies shares fall down in stock market today only he lost (approx 7.6 Billion 15 June 2021)

Because of a tweet by Ms. Sucheta Dalal, a 59 year old Indian business journalist and author, I hope everyone has seen the series SCAM 1992, which came last year (2020) on Sony liv it was a super hit series. The series was based on the book written by Ms. Sucheta Dalal about the rise and fall of Harshad Mehta and the scam that unfolded in the stock market in 1992.

The tweet was for a group of companies whose market cap was increasing in an abnormal fashion for the last year or so. She just gave a hint that it can be the start of another SCAM in the stock market, although she did not name the company but it was obvious that she was pointing towards Adani Group as its market cap rose by more than 10X in a year. The analyst underscore the vulnerability of the rapid wealth surge Adani has seen in 2020-21, beating the gains of even Warren Buffet and his competitor Mukesh Ambani.

Mr Adanis net worth jumped 50 Billion in a year whereas in 2020 his net worth was like 30 Billion and by today june2021 its like 80 Billion (Estimated data collected from Internet) in 2016 its was only worth 3.5 billion so don't you get a question like we are in a pandemic year and how his net worth is growing like anything, Mr Adanis source of income are mainly from Infrastructure, commodities, ports to name a few, he holds a bunch of companies under his umbrella like

Adani ports & special Economics zone LTD

Adani enterprises LTD

Adani power LTD

Adani transmission LTD

Adani gas LTD

Adani green energy LTD

Adani group subsidiaries 

SOME OF THE LATEST NEWS ABOUT ADANI GROUPS

Adani controls the largest port in India, MUNDRA port Gujarat.

Adani owns Abbot point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest.

In June 2019 Adani got permission to start work on the Australian coal mine after a wait of 9 years.

Adani got 7 Airports under him in India and 74% stake in Mumbai airport, which is the worlds 2nd busiest airport.

The main point of writing this Article about Mr. Adani was that one tweet by Sucheta Dalal can decide the fate of a company and make a huge difference, maybe its true or false only time will tell but we should always look into the facts first before criticizing anyone. Adani group is not made in a day or two its the hard work done by them in years to build an empire. Some people say that the credit for his success goes to the Modi government and if they are thrown out of power in 2024 it will mark the beginning of the end of the group. 

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