“Being an entrepreneur is my dream job, as it tests one’s tenacity.”
Today, our story is about one of the most famous entrepreneurs of India, Mr Gautam Adani. Unlike most businessmen today, Gautam did not inherit his business and work from his family. He worked hard and built his way upwards. He paved his way towards success through hard work and sheer wit in managing a business.
Gautam Adani was born to an ordinary Gujrati family in Ahmedabad, India. He was one of the eight children of Shantaben and Shantilal Adani. Due to the large size of the family, they were not economically well off. As a result, luxury was a dream for this family. When Gautam was pursuing his Bachelor’s in Commerce from Gujrat University, he realised that college education was not meant for him. He was destined to apply his liking and knowledge for trade and business for bigger endeavours and purposes. Thus, Adani decided to take the leap of faith and drop out of college. Having only about a hundred rupees in his pocket, he set off to Bombay- or Aamchi Mumbai.
Adani decided to procure a job with a diamond trader. It was at this time when he learnt the techniques of trading. He then set up his own trading business in Zaveri Bazaar. This was his Eureka Moment. This decision of his career made him who he is today. A year later, he started running a franchisee for his brother and made his break into the global trading market by selling polyvinyl chloride. He was readily climbing the ladder of success. He used the economic liberalisation and globalisation to his advantage and established Adani Group of Industries in 1988. Initially, they focused on agricultural commodities and power, but in the coming years, they expanded greatly. However, he faced many difficulties from the government and High Court while establishing and expanding his business. But this did not stop him from achieving his dreams. He faced adversity with strength and will power.
In a matter of a few years, Adani Group had diversified into many sectors such as Energy, Power generation, Coal mining, Trading as well as Oil and Gas. With the support of his wife, Priti Adani, he also started many philanthropic projects and charities in order to give back to society. We can see his humility and groundedness through these actions. They have also founded the Adani Foundation which focuses on social responsibility. He has been awarded multiple times, including “Excellence in Management Award” and “ Port Authority Award” by the Government of India. Today, Adani’s net worth is estimated to be around $15.7 billion.
A few of his impactful words, “Either you sit on a pile of cash, or you grow.”