Gautam Adani: Is there a single family office?

List of largest single family offices asia gautam adani investments india

Where does the fortune of Gautam Adani come from?

Gautam Adani is an Indian billionaire industrialist who is the chairman and founder of the Adani Group. The company, located in Ahmedabad, is a multinational conglomerate focused on port development and operations in India but also engages in energy, resources, logistics, agribusiness, real estate, financial services, defence and aerospace. The group is India’s largest port developer and operator with ten ports and terminals including Mundra Port, the largest private port of India. Through a joint venture, the Adani Group co-owns India’s largest edible oil brand, Fortune Oil. His successful conglomerate company secured Adani the 2nd place of the richest people in India, right after Mukesh Ambani, with an estimated net worth of $55.8 billion.

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How did Adani’s company Adani Group develop?

In 1981, Adani’s elder brother bought a plastics unit in Ahmedabad and invited him to manage the operations. This venture turned out to be Adani’s gateway to global trading through PVC imports. In 1985, he started importing polymers for small-scale industries followed by the establishment of Adani Exports Limited in 1988, the holding company of the Adani Group. Originally, the company dealt in agricultural and power commodities. Adani expanded the business into trading of metals, textiles, and agro products before getting the contract to manage the Mundra Port in 1995 from the government. Just one year later, Adani entered the power business with Adani Power Limited, which holds thermal power plants with a capacity of 4620 MW, the largest private thermal power producer of the country. In 2020, Adani won the world’s largest solar bid worth US$6 billion. Today the Adani Group generates revenues of $13 billion with operations at 70 locations in 50 countries.

Is there a Gautam Adani family office?

Although Gautam Adani is very discrete about his investments our research team could identify Adani Advisory LLP as his personal single family office. Furthermore, he channels his philanthropic contributions through the Adani Foundation, which is lead by his wife, Priti Adani.

How does the Gautam Adani family office invest?

Given its linkage to the Adani Group, the single family office “Adani Advisory LLP” is active in the private equity industry in the fields of energy, resources, logistics, agriculture, financial services, defense and aerospace. Additionally, the investment firm also focuses on real estate transactions.

This article is part of our detailed report “The Single Family Offices of Asian Billionaires and HNWIs“.

Picture source: Andrey Sharpilo

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