An

Article On

Entrepreneur

Mr. Gautam S. Adani

Chairman, Adani Group

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Submitted To:

Prof. Revati Deshpanday

Faculty Member ,

S. V. Institute of Management Kadi.

Submitted By:

Ashwin Chaudhary (05 F)

Mohsinkhan Belim (02 F)

About Gautam Adani

Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He

is the chairman of the Adani Group, a leading trading and Export Company of India. On

November 16, 2007, Forbes magazine announced that Adani was the 13th richest person

in India with a personal wealth of US$6.7 billion, making him the first billionaire from

the city of Ahmedabad.

Biography

Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani in a Gujarati

Jain family. He had seven siblings. Adani's parents had migrated from the town of Tharad

in northern Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located

in Ratanpol in Ahmedabad. He set out for Mumbai to make a living with only a few

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hundred rupees at a young age of 18 only.He studied at the Seth C. N. Vidyalya school in

Ahmedabad and later on at Gujarat University. Adani is University dropout, he studied

till second year for his Bachelor's Degree in Commerce.

He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two

years, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar

and made his first lakh.

In 1981, 1 year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad

and asked Gautam to run it. This marked the beginning of Adani's foray into global

trading by beginning to import polyvinyl chloride (PVC), a key raw material for

manufacturing plastics. After the economic liberalisation, the import duty on various

goods was slashed, and profits of Adani Exports, then his flagship company, grew

immensely.

Adani is married to Priti Adani. She is a dentist and heads the Adani Foundation, of

which she is the managing trustee. They have 2 sons. Karan Adani, 20, is pursuing his BS

in Management from Purdue University, USA. Jeet Adani, their younger son is 10 years

old. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005 and a Hawker

purchased in 2008

Indian Entrepreneur and Self Made Billionaire Gautam Adani, 46, is the Chairman of the

Adani Group, one of the top diversified conglomerates of India. According to Forbes’

2009 Gautam Adani has the net worth of $ 1.6 Billion.

Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad. Adani a college

dropout, was only in his teens when he came to Mumbai where he got the job of a

diamond sorter. After some time, he started a diamond brokerage business.

In the early 80s he returned to Ahemedabad to enter the plastic business. After that Adani

began to import PVC. (a raw material required for manufacturing of plastics). This is

when he ventured into global trading. Economic liberalisation in India had a positive

impact on his business. In the late 90s Gautam Adani diversified into infrastructure.

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Today Adani Group has transformed into a multi billion dollar businees empire. Gautam

Adani’s Business Interests include the following: Power, Infrastructure, Trading, Power,

Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man

behind Mundra Port, the largest private sector port in India.

Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR)

activities of the Adani Group. The foundation is involved in various activities such as

rural developmemt, education, and health.

History

The Adani Group, despite a humble beginning in 1988, is one of the fastest growing

professionally owned enterprises in India and in the global arena. The flagship company,

Adani Enterprises Ltd. (formerly known as Adani Exports Ltd.), was established by Mr.

Gautam S Adani in 1988 as a partnership firm with a seed capital of Rs. 5 lacs. An

entrepreneurial vision coupled with lofty ambitions and hard work set the pace for the

growth of the company. Adherence to world-class quality standards and a customer

centric approach has helped the Adani Group touch revenues of INR 262 billion (as on

March 31, 2009.)

The journey from a being a India’s most trusted trading house to a diversified

conglomerate is fast, yet memorable. Today, the Adani business portfolio is a diverse, yet

profitable assortment of Edible Oil, Logistics, Power Generation, Coal, Oil and Gas

Exploration, Gas distribution, Real Estate, Ports, Special Economic Zones and IT enabled

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services. Its growth has been organic leading to a synergy among its business units,

making them more productive and competitive together.

Personnel Information

Date of birth:

Jun 24, 1962 (age 47 years)

Profession:

Businessperson

Country of nationality:

India

Company board memberships:

Chair person Adani Group

Place of birth:

Ahmedabad, India

Gender:

Male

Parents:

Shantaben Adani

Shantilal Adani

Children:

Jeet Adani

Karan Adani

Siblings:

Mansukhbhai Adani

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Spouse (or domestic partner):

Priti Adani

Employment history:

Employer Title From

Adani Group Owner 1988

Mahindra Bros. Diamond Sorter

Education:

Institution Major/Field Of Study

Gujarat University Commerce

Seth C. N. Vidhyalay High school

Places lived:

Ahmedabad

Asia

Australia

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The Organization

Organisation Structure

Formal 3-tiered Governance structure

Board of Directors

Corporate Management Committee

Executive Committee

Value creation in businesses through EVA

Strategic business review meets Quarterly / Half yearly / Yearly basis

Quantified target setting & linking to rewards

Strong process orientation through SOPs

Investment in futuristic IT infrastructure

The Leadership

Gautam S. Adaniis the Company’s Executive Chairman and founder of the Adani

Group. He has completed his education up to matriculation. He has over 20 years of

varied experience in business and trading with Adani. He is responsible for the

Company’s new business initiatives and strategic plans. Under his leadership, Adani

Group has emerged as a diversified conglomerate with interests in international trading,

infrastructure development, power generation and distribution, development of special

economic zones, gas distribution, trading and business process outsourcing. He has been

instrumental in the diversification of the Adani Group into the power sector.

Rajesh S. Adani is the Managing Director of the Company. He holds a bachelor’s degree

in commerce from the Gujarat University. He has been associated with Adani Enterprises

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Limited since its incorporation. He is in charge of day to day operations of the Company

and has been responsible for developing the business relationships of the Company. He

also handles the marketing and finance aspects of the Company.

Vasant S. Adani is a Non-Independent and Non-Executive Director of the Company. He

holds a bachelor’s degree in Arts. Vasant S. Adani looks into the administrative aspects

of the Adani Group. He has more than 25 years experience in management and real estate

development.

Amratlal C. Shah is an Independent Non-Executive Director of the Company. He holds

a doctorate in economics and has over three decades of banking experience and has

served as the chairman and managing director of Bank of Baroda. Dr. Shah has also

served on the board of various reputed companies, such as UTI Bank Limited, Reliance

Capital Limited, Jet Airways Limited, S. Kumar Nationwide Limited, Elecon

Engineering Company Limited, Gujarat Petro Synthesis Limited, Goldcrest (India)

Limited and Gujarat Lease Finance Limited. Dr. A.C. Shah has also chaired several

committees on banking, the most recent one being the RBI Committee on the functioning

of Non-Banking Finance Companies.

Pravin P. Shah is an Independent Non-Executive Director of the Company. He is a

chartered accountant and has a doctorate in Finance. He is a partner of the chartered

accountants firm, Pravin P. Shah & Co. and is the proprietor of the chartered accountancy

firm, Pravin P. Shah & Associates. Dr. Shah has over 40 years of experience in areas of

financial consultancy, taxation, valuation, property matters, accounting, auditing,

corporate laws and FEMA. He has also authored seven books on costing, management

strategies, billion dollar companies and taxation.

Jay H. Shah is an Independent Non-Executive Director of the Company. He holds

degrees in commerce and law. Jay H. Shah has been with the Company since its

inception. He has wide experience of the Indian petrochemicals sector.

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Yoshihiro Miwa is an Independent Non-Executive Director of the Company. He holds a

master’s degree in commerce. He has wide experience in Commercial Science and

Business Administration. He is also the chairman of Kowa Company Limited, Japan.

Anil Ahuja is an Independent Non-Executive Director of the Company. He holds

bachelor’s degree in Mechanical Engineering from Indian Institute of Technology (IIT),

New Delhi and a Post Graduate Diploma in Business Management from the Indian

Institute of Management (IIM), Ahmedabad. He has more than 20 years of experience in

international financial services. Anil Ahuja is one of the earliest private equity investors

in India, with over 10 years of investment experience. In the past, he has worked with 3i

Group Plc., JP Morgan Partners Asia and Citibank, Mumbai.

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Citizen Adani

Genesis of Adani Foundation

Adani Foundation was established in May 1996. Situated in Ahmedabad, it is a part of

the prestigious Adani Group and looks after the Corporate Social Responsibility related

activities of the Group, which has now become synonymous with creating wealth for the

people. Adani Foundation was established with the vision to “accomplish passionate

commitment to the social obligations towards communities, fostering sustainable and

integrated development, thus improving quality of life". We began in a small way by

working with a few rural communities around our Port at Mundra.

Through its grant, the Foundation supports efforts in the development of society, in areas

of Rural Livelihoods & Communities, Education, and Health. Besides institutional grants,

the Foundation also makes individual grants for education and medical relief. The

Foundation is registered as a NGO and operates in Gujarat with major focus in Kutch &

Ahmedabad. This year, it will expand to other locations in the country. The Foundation is

active in four major areas for all sections of the society:

Medical

Education

Rural Development

Charitable & General

Activities at Ahmedabad

The Ahmedabad office holds the secretariat of the Foundation. The activities which are

directly managed by the Ahmedabad Office are:

A. Medical

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1. Medicines prescribed by the hospitals/ specialists a provided free of cost to 290

patients including 52 HIV positive patients.

2. Financial assistance was provided to patients for surgeries, and critical diseases,

looking to the severity of the cases.

3. Financial Assistance to peer groups: Shree Rajrajendra Suri Charitable Trust,

Surat was given financial support worth Rs 11 Lakhs towards setting up a new

dispensary in Surat for the under-privileged.

B. Education

1. Scholarship Scheme: This scheme is meant for all children who secure more

than 70% marks in aggregate and are from Below Poverty Line strata. 46

meritorious students availed these scholarships applicable from 5th standard

onwards up to professional courses.

2. 9+2 Scheme: We helped 88 students under this scheme, wherein, nine months

tuition fees and two term fees were paid directly to the educational institutions.

3. Vidya Sahay: This scheme enables/make feasible quality education accessible to

needy associates of the Adani Group & to mitigate the hardship in educating their

children on account of the high cost of education. Under this scheme 83 children

availed Vidya Sahay amounting.

4. Adani Vidya Mandir: “SUCCESS IS NOT TRUE UNLESS IT IS SHARED”,

believing in this philosophy Adani Foundation has set up “Adani Vidya Mandir”

school to impart quality education & good facilities to under-privileged

meritorious students totally free. This will enable them to fulfill their dreams and

aspirations. The school was formally declared open on 12th June 2008. From this

year, Class III and IV are operational. A total of 140 students have taken

admission in the school through an entrance test held in the months of April &

May.

5. Financial Assistance to peer groups:

o Banaskantha Kelavani Mandal was given financial support worth Rs. 25

Lakhs towards construction of a new school.

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o Jay Parsvanath Education Trust was given financial support worth Rs 5

Lakhs towards construction of new classrooms at Dholka, Ahmedabad.

C. Others

Shree Navchetan Andhjan Mandal was given support worth Rs 25 Lakhs towards

construction of their new campus in Kutch

Shree Yagkshem Foundation for Human Dignity, Ahmedabad was given financial

assistance of Rs. 2 Lakhs towards their work on Human Rights

Adani DAV Public School, Mundra

The results of Class X and XII have been very encouraging. Krishna Yogesh Shah

secured highest 93.2% in her Class X board exams. The school again repeated its 100%

results in Class X, Class XII Commerce and Class XII Science since the first batch of

Class X appearedin 2004.

The total enrollment in the school this year is 137 making a total of 701 students with 44

teachers. This makes the teacher student ratio of 1:16 which is very high compared to

other schools where the average is 1:35.

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Rural Development Activities at Mundra, Kutch:

In Mundra, Adani Foundation has set up a team for addressing various issues for the

rural community. We work in three core areas; Education, Health and Livelihood

Education:

20 volunteers completed their duties as teaching assistants in primary schools of

Mundra Taluka for the academic year of 2007-08. They also underwent training

of Sarva Shiksha Abhiyan (SSA). These Education Volunteers also implemented

Meena Communicative Initiative aimed at Girl Child Education and Child’s

Rights

Crafted new role and responsibilities for Education Volunteers with consultation

from UNICEF and District Primary Education Officer for the academic year of

2008-09

Prepared a model for School Health Corner. 40 group schools of Mundra and

Mandavi Talukas are provided with Model Health Corner Kit consisting of full

size mirror, 5 napkins, 6 combs, 6 nail clippers, Height measuring Scale and

posters for creating health awareness.

A.F. also assisted in distributing textbooks to schools.

Training session with volunteers

A.F. Team participated in School Enrolment Drive of current year

45 schools have been identified for Educational Inputs with emphasis on Girl

Child Education and Quality of Education.

Health:

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Mobile Dispensary is rendering services to 24 villages and three labour colonies

and has treated 2513 patients in April and 2403 patients in May 2008 absolutely

free.

Medical camp at Zarapara port colony where 94 patients got free treatment

Specialty camps/ Gynaec camps were organized at Tunda, Baroi and Deshalpar

village as well as at APL and Samudra labour colonies. Over 200 women got

treatment for various gynaec ailments for which they would not have gone

anywhere unless it gets very serious. Dr. Chitra Bhatnagar- M.D. (Ob.Gy.)

rendered her services on a voluntary basis.

Life Skill Education Talk followed with question answer session with students

and teachers of Adani DAV School with Dr. Chitra Bhatnagar

In collaboration with Government Community Health Center vaccination and

ante- natal care is provided at labour colonies namely at Samudra Township and

Mithani’s Colony on Tuesdays of the month.

Pre- monsoon health awareness programme conducted at various labour colonies

Demonstration of chlorination of water along with material supply carried out at

various labour colonies

HIV/AIDS awareness talks at Indra security and Samudra Township

Livelihood Activities:

Group meetings with Cattle Owners at Mangara for low cost cattle shed for

reducing wastage of fodder

Awareness Night Camp with Veterinary Dr. Prakash Modi at Goersama and

Shekhadiya benefiting 64 cattle owners’ families

Continue implementation work of Samaghogha Check Dam on Phot river under

Sardar Sahabhagi Jal Sanchay Yojana. 80 % construction is over. Total cost of

this dam is rupees fifty lacs approx.

Bhumi Pujan for starting implementation of Vaghura Check Dam on village river

Support in construction of 126 individual toilets at Wanki village. We came

across many touching stories such as- Ratanben Aahir who came to village Wanki

30 years ago following her wedding to a village man. Not having toilet in the

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house was very disturbing and never could get over the overwhelming feeling of

shame and embarrassment. To top this, her fate put her in even more difficulties

and drudgery as her husband met with an accident and was partially disabled.

Now she had to carry his excreta for disposal in open out side village everyday.

Now with toilet in the house we could see tears of happiness and relief.

A.F. team participated in Krishi Rath Programme of Government of Gujarat in

Mundra Taluka. Public recognition was given to our efforts in the areas of Total

Sanitation Campaign, Animal Husbandry and Agriculture and water saving

devices

Concluded six weeks training for Diesel Engine Maintenance with partial funding

from NABARD under Skill Development Initiative. Two trainees have already

been selected for placement. Three to four have continued with their own

workshop with more vigor. Follow up for more placements and entrepreneurship

continues.

We have submitted two more proposals under Skill Development Initiative to

NABARD.

Other News:

Dr. Pritiben G. Adani signed Memorandum of Understanding for Technical

Support with UNICEF.

WASMO has agreed to support us in our efforts towards Total Sanitation

Campaign and school hygiene sanitation programme

We have expanded our team by recruiting six community mobilizers with

graduate and post graduate degrees in relevant education streams and of total

work experience. We have also recruited project officers/ programme specialists

for Health and Animal Husbandry and other livelihood activities

Team leader visited Dahej and Tiroda sites for assessing and exploring the

possibilities of CSR activities in those areas. A person to look after Dahej site has

been short listed.

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Activities at Gurgaon

A blood donation camp was organized at ADANI House, Gurgaon, in coordination with

Red Cross Society, India. A total of 57 units of blood were donated by equal numbers of

volunteers for the noble cause of saving lives of people.

About Adani Group

Group Highlight

Founded in 1988 the Adani Group has grown from being a trading house to a diversified

and dynamic business group with interests from infrastructural development to FMCGs.

A leader in international trading and infrastructure development, the Adani Group is

engaged in a continuous Endeavour to maximize potentialities by synergizing the

multiple businesses of the Group creating optimum business model.

The Group has made foray into high growth sector like Power, Infrastructure, Global

Trading, Logistics, Energy and is recognized for creating benchmarks for others to

follow… We are the operator of largest private port in India, We are the developer of

largest multiproduct SEZ in India, We have the largest edible oil refining capacity in

India, and we are one of the largest trading houses in India.

The group is committed to constantly deliver good returns to its stakeholders and convert

partnerships into winning combination.

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Chairman's Message

It’s my pleasure to introduce, before you, the Adani Group; a conglomerate that

spans a diversified, yet complementary business portfolio.

Our businesses range from Commodities Trading to Edible oil Manufacturing; from

Greenfield port operations to natural gas distribution as well as power generation.

We have committed ourselves to building a world-class organization; we have been

putting in the efforts to develop world-class competencies. We are pushing the envelope,

expanding the international market frontiers and guaranteeing solid fundamentals for the

organization’s future.

At Adani, we have always strived to explore and take advantage of the existing and

emerging market opportunities to build value for our trade and investment partners. This

has helped us and our partners to keep abreast of business competencies and harvest the

overseas investment opportunities.

Adani is in its most glorious phase ever and I am excited about its future. As we

potentiate our capabilities, expand our operations, we are stand at a locus of domestic and

global possibilities, that we are destined to reap. Today’s is a world that is constantly

demanding cleaner and better energy sources. As India and the world look expectantly to

us, we must deliver. We have everything going for us…excellent relationships with our

trade partners and shareholders and big ambitious goals. But more than anything else, we

have the right people and the right leadership.

What can stop us on our path to growth?

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Nothing…well, almost.

Gautam S. Adani

Chairman, Adani Group

Vision

To be an entrepreneurially driven enterprise – Thinking innovatively in all aspects of the

business, from technological to commercial. To be intensely competitive in whatever we

do, by constantly bettering the benchmarks set by us.

To be a globally preferred business associate - an entrepreneurial organization having

responsible concern for employees, society, the ecology, and stakeholder value. Strive to

generate optimum value for all our associates through constant innovation and adoption

of universal best practices and improving upon all those touches points that directly

impact the business.

To be a responsible concern – We shall harmonize all our actions and reactions, with the

global environment and actively work to reduce our environmental load

Mission

To assimilate knowledge, develop capabilities and manage collective enterprise to

profitably tap global commercial advantages for the benefit of stakeholders.

Group Values

From inception three values have driven all the activities of the Adani Group. They are

central to our operations worldwide and will continue to be at the core of all our

businesses.

Trust - We will deliver on all our promises - our word is our bond.

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Courage - We will support our decisions and actions with conviction.

Innovation - We will think laterally and never fight shy of embracing big ideas.

Companies of Adani Group

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