Adani Group

Adani Group
Company type	Corporate group
Industry	Conglomerate
Founded	20 July 1988
Founder	Gautam Adani
Headquarters	Ahmedabad, Gujarat, India
Area served	Worldwide
Key people	Gautam Adani (Chairman)
Services	Port management; Electric power; Mining; Renewable energy; Airport operations; Oil and gas; Food processing; Infrastructure;
Revenue	₹2.625 lakh crore (US$33 billion) (2023)
Net income	₹23,509 crore (US$2.9 billion) (2023)
Number of employees	~29,200+ (2023)
Subsidiaries	Adani Enterprises; Adani Ports & SEZ; Adani Green Energy; Adani Power; Adani Energy Solutions; Adani Total Gas; Adani Defence and Aerospace; Adani Wilmar; Ambuja Cements; ACC; NDTV; North Queensland Export Terminal; Adani Foundation;
Website	adani.com
	Footnotes / references;

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food and infrastructure. More than 60 percent of the Adani Group's revenue is derived from coal-related businesses.

At its peak, Adani was the largest Indian conglomerate, surpassing Tata Group. It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research. The Adani Group has also attracted other controversies due to reports of stock manipulation, accounting irregularities, cronyism, tax evasion, environmental damage, and suing journalists. On January 3, 2024, the Supreme Court resolved the Adani Group stocks dispute triggered by Hindenburg Research's allegations. The Court rejected calls for an SIT or CBI investigation and redirected attention to Hindenburg's actions.

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