The Adani group, one of the leading global integrated infrastructure players, has business interest across different verticals. Founded by Mr. Gautam Adani in 1988, the company began as a trading firm. Gradually, the company ventured into various businesses such as oil & gas distribution, coal mining, power, energy, ports & special economic zone, agri products, etc. Mr. Rajesh Adani has also been associated with the group since its foundation.
In 1988, the company was conceived with an initial capital of Rs 5 lakh, posts a modest turnover of Rs 2.20 Cr. in the first year of its operation. In 1993, the company was converted into a public limited company on 2nd March 1993 with a paid up capital of Rs 1 Crore. In 1994, the group hits the primary market in September 1994 with its initial public offering (IPO) of 12.50 lakh equity shares of Rs 10 each at a premium of Rs 140 per share aggregating Rs 18.75 Cr. ; float oversubscribed by more than 25 times. Accorded the status of “Super Star Trading House” on April 1, 1994 by the Ministry of Commerce, Government of India; the youngest trading house and the only one from the State of Gujarat to have been granted this status.
Under the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the turnover crosses the coveted Rs 1,000 Cr level; at Rs 1,134.6 Cr in 1995 – 96. In 1998, it became the top net foreign exchange (NFE) earner of the country and the largest private sector Super Star Trading House in India.
Mr. Gautam Adani serves as the Chairman and Founder of the group, and Mr. Rajesh Adani is the Managing Director.
