Evolution of the Adani Group

Adani is known for taking risks and building a challenge into an opportunity. This is the key to the success of the group. In 1990, many exporters were reported of non-existent exports under VABAL. However, Adani who took advance of the Government’s value-based advanced licensing scheme, was never accused like the other exporters. Mr. Gautam Adani and Mr. Rajesh Adani have played clean while extending the business.

Interestingly, the success of Adani with VABAL had brought Mr. Gautam Adani into direct confrontation with Dhirubhai’s Reliance Industries Limited (RIL) because Adani used these licenses to import cheap polymers and flood the Indian market. With this, the Adani received the necessary capital to expand the business even after the license scheme was withdrawn. Mr. Rajesh Adani who has been associated with the firm since the beginning has supported his elder brother in this expansion.

Under the management of Mr. Gautam Adani and Mr. Rajesh Adani, the company (Adani Exports) was soon made public in 1994. With this, the company grew to become a major trading house in a very short span of time.

 

About swapnil jukunte

Search Engine Optimization and Social Media Marketing Expert at Submitedgeseo, with over 4 years’ experience in the Web Marketing Techniques.
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