The Growth and Diversification of Adani Group: A Multinational Conglomerate

Adani Group is an Indian multinational conglomerate with diverse businesses across various industries.It is the largest port operator and developer in India, with operations in 70 locations across 50 countries.In recent years, Adani Group has made significant investments, including in Gujarat and the Carmichael coal mine in Australia.

Running head: ADANI GROUP
Adani Group
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1ADANI GROUP
Adani Group is one of the Indian multinational conglomerates that is headquartered in
Ahmedabad, Gujarat, India. It was founded in the year 1988 by Gautam Adani as one of the
commodity trading business with the flagship firm Adani Enterprises Limited. There are
diverse businesses of this Group and they include logistics, resources, financial service,
agribusiness, real estate, aerospace and defence. It is to note that the Adani group has an
annual revenue of more than 11 billion dollars along with operations at seventy different
locations in fifty different nations. This Group is the largest port operator and developer in
India that have ten terminals and ports, including the Mundra Port (the largest one). With the
same, it owns the largest edible oil brand of India called ‘Fortune’.
In past five years, the total investments of Adani Group in Gujarat have overshoot
50,000 crores INR. It is also to mention that this Group have handled a total cargo of about
168 million MT in between the year 2016 and 2017. The total revenue of Adani Group is
11.357 billion dollars as per the year 2017. This company has aided to the economy of
Bunyu, North Kalimantan, Indonesia by means of producing about 3.9 MMT of the coal in
the year 2016 and 2017. Also, very recently Gautam Adani has announced about 55,000 crore
INR investment in the Gujarat in the coming five years (The Economic Times, 2019). It is the
only Indian company in Australia that has made the largest investment at the Carmichael coal
mine of Queensland.

2ADANI GROUP
References:
The Economic Times. (2019). Gautam Adani announces Rs 55,000 crore investment in
Gujarat in next 5 years. [online] Available at:
https://economictimes.indiatimes.com/news/company/corporate-trends/gautam-adani-
announces-rs-55000-crore-investment-in-gujarat-in-next-5-years/articleshow/67585950.cms
[Accessed 3 Feb. 2019].