GAUTAM ADANI

Indian Entrepreneur and Self Made Billionaire Gautam Adani, 46, is the Chairman of the
Adani Group, one of the top diversified conglomerates of India. According to Forbes’ 2009
Gautam Adani has the net worth of $ 1.6 Billion.

Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad. Adani a college dropout,
was only in his teens when he came to Mumbai where he got the job of a diamond sorter. After
some time, he started a diamond brokerage business.

In the early 80s he returned to Ahemedabad to enter the plastic business. After that Adani began
to import PVC. (a raw material required for manufacturing of plastics). This is when he
ventured into global trading. Economic liberalisation in India had a positive impact on his
business. In the late 90s Gautam Adani diversified into infrastructure.

Today Adani Group has transformed into a multi billion dollar businees empire. Gautam
Adani’s Business Interests include the following: Power, Infrastructure, Trading, Power,
Energy Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man
behind Mundra Port, the largest private sector port in India.

Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR)
activities of the Adani Group. The foundation is involved in various activities such as rural
developmemt, education, and health.

Gautam Adani was born on June 24, 1962 in the Sethni Pol located in Ratanpol in Ahmedabad,
India. He is the chairman of the Adani Group. He had seven siblings. In search of livelihood,
Adani`s parents had migrated from the town of Tharad in northern Gujarat. He came to Mumbai
with only a few hundred rupees at a young age of 18. He finished his studies at the Seth C. N.
Vidyalya School in Ahmedabad and later on at Gujarat University. He studied till second year
for his Bachelor`s Degree in Commerce as he was University dropout.

He started his career as a diamond sorter at Mahindra Brothers. He set up his own diamond
brokerage outfit at Zaveri Bazaar after working there for two years.

In 1981, his elder brother Mansukhbhai, asked Gautam to buy a plastics unit in Ahmedabad. This
was the beginning of Adani`s venture into global trading by beginning to import polyvinyl
chloride (PVC) which is a key raw material for manufacturing plastics. Adani is married to Priti
Adani. She is a dentist & has 2 sons. Gautam Adani owns 2 private jets - a Beechcraft jet
purchased in 2005 and a Hawker purchased in 2007.
EXECUTIVE PROFILE*
Gautam S. Adani S.Y. B.Com
Executive Chairman and Chairman of Share Transfer Committee, Adani Enterprises
Ltd. 24
24

Age Total Annual This person is connected to 24 board members in 4 different

Compensation organizations across 4 different industries.
48 10,600,000 INR
As of Fiscal Year 2009

BOARD MEMBERS AFFILIATED

WITH Gautam S. Adani S.Y.
B.Com*
Gautam S. Adani S.Y. B.Com
Executive Chairman and Total Annual
Age
Chairman of Share Transfer Compensation
Committee 24
47 10,600,000
24 INR

Pravin P. Shah
JM Financial Ltd.
Board Affiliations
Adani Enterprises Ltd.
Anil Ahuja
Indocean Chase Capital Advisers Ldc.
Board Affiliations
Adani Enterprises Ltd.

Rajesh S. Adani
Adani Enterprises Ltd.
Board Affiliations
Adani Enterprises Ltd.
Adani Wilmar Limited
Vasant Adani
Adani Enterprises Ltd.
Board Affiliations
 Adani Enterprises Ltd.

A. C. Shah
S. Kumars Nationwide Ltd.
Board Affiliations
Adani Enterprises Ltd.
Jay Shah
Adani Enterprises Ltd.
Board Affiliations
Adani Enterprises Ltd.

Devang Desai
Adani Enterprises Ltd.
Board Affiliations
Adani Enterprises Ltd.
Yoshihiro Miwa
Kowa Spinning Co. Ltd.

BACKGROUND*
Gautam S. Adani, S.Y. B.Com. is Founder and Promoter of Adani Power Ltd. and has been its
Chairman of the Board since December 26, 2005. Mr. Adani has been the Chief Executive
Officer of Mundra Port and Special Economic Zone Limited since January 30, 2007, Managing
Director since January 28, 1999 and also serves as its Chairman. He is responsible for Mundra's
overall business and future growth. He has been instrumental in the diversification of Adani
Group into the power sector. He serves as Chairman of Adani Wilmar Limited. He has been
Executive Chairman of Adani Enterprises Ltd since December 2008 and has been its Additional
Director since December 1, 2006. He has been Non Executive and Non-Independent Director of
Adani Power Ltd. since December 26, 2005. He has been a Non Independent Executive Director
of Mundra Port and Special Economic Zone Limited (also known as Mundra Port) since May 26,
1998. His other directorships/partnerships include: Adani Energy Limited, Adani Logistics
Limited, Adani Petronet (Dahej) Port Private Limited, Adani Power Dahej Private Limited,
Adani Power Maharashtra Private Limited, Adani Power Rajasthan Limited, Adani Shipyard
Private Limited, Adani Welspun Exploration Limited, Adani Wilmar Limited, Dholera Port And
Special Economic Zone Limited, Jain International Trade Organisation and Adani Investments.
He has studied Commerce at the Gujarat University.

Dropped out of college to start a trading outfit 20 years ago. Now his Adani
Enterprises has interests in edible oils, power, infrastructure. Owns Mundra Port,
India's largest in private sector. Fishermen recently took Adani to court over special
economic zone he's building on western coast; court ruled in his favor. Plans to list
power subsidiary are delayed.

About Gautam Adani

Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian
businessman. He is the chairman of the Adani Group, a leading trading and Export
Company of India. On November 16, 2007, Forbes magazine announced that Adani
was the 13th richest person in India with a personal wealth of US$6.7 billion, making
him the first billionaire from the city of Ahmedabad.
Biography

Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani in a Gujarati Jain
family. He had seven siblings. Adani's parents had migrated from the town of Tharad in northern
Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located in Ratanpol in
Ahmedabad. He set out for Mumbai to make a living with only a few hundred rupees at a young
age of 18 only.He studied at the Seth C. N. Vidyalya school in Ahmedabad and later on at
Gujarat University. Adani is University dropout, he studied till second year for his Bachelor's
Degree in Commerce.

He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years,
Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his
first lakh.

In 1981, 1 year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and
asked Gautam to run it. This marked the beginning of Adani's foray into global trading by
beginning to import polyvinyl chloride (PVC), a key raw material for manufacturing plastics.
After the economic liberalisation, the import duty on various goods was slashed, and profits of
Adani Exports, then his flagship company, grew immensely.

Adani is married to Priti Adani. She is a dentist and heads the Adani Foundation, of
which she is the managing trustee. They have 2 sons. Karan Adani, 20, is pursuing
his BS in Management from Purdue University, USA. Jeet Adani, their younger son is
10 years old. Gautam Adani owns 2 private jets - a Beechcraft jet purchased in 2005
and a Hawker purchased in 2008

Indian Entrepreneur and Self Made Billionaire Gautam Adani, 46, is the Chairman of the Adani
Group, one of the top diversified conglomerates of India. According to Forbes’ 2009 Gautam
Adani has the net worth of $ 1.6 Billion.

Gautam Adani was born on the 24th of June, year 1962 in Ahmedabad. Adani a college dropout,
was only in his teens when he came to Mumbai where he got the job of a diamond sorter. After
some time, he started a diamond brokerage business.
In the early 80s he returned to Ahemedabad to enter the plastic business. After that Adani began
to import PVC. (a raw material required for manufacturing of plastics). This is when he ventured
into global trading. Economic liberalisation in India had a positive impact on his business. In the
late 90s Gautam Adani diversified into infrastructure.

Today Adani Group has transformed into a multi billion dollar businees empire. Gautam Adani’s
Business Interests include the following: Power, Infrastructure, Trading, Power, Energy
Logistics, SEZs, and Oil and Gas Exploration. Gautam Adani is the man behind Mundra Port,
the largest private sector port in India.

Adani Foundation, started in 1996, manages the Corporate Social Responsibility (CSR) activities
of the Adani Group. The foundation is involved in various activities such as rural developmemt,
education, and health.

History

The Adani Group, despite a humble beginning in 1988, is one of the fastest growing
professionally owned enterprises in India and in the global arena. The flagship company, Adani
Enterprises Ltd. (formerly known as Adani Exports Ltd.), was established by Mr. Gautam S
Adani in 1988 as a partnership firm with a seed capital of Rs. 5 lacs. An entrepreneurial vision
coupled with lofty ambitions and hard work set the pace for the growth of the company.
Adherence to world-class quality standards and a customer centric approach has helped the
Adani Group touch revenues of INR 262 billion (as on March 31, 2009.)

The journey from a being a India’s most trusted trading house to a diversified
conglomerate is fast, yet memorable. Today, the Adani business portfolio is a
diverse, yet profitable assortment of Edible Oil, Logistics, Power Generation, Coal,
Oil and Gas Exploration, Gas distribution, Real Estate, Ports, Special Economic
Zones and IT enabled services. Its growth has been organic leading to a synergy
among its business units, making them more productive and competitive together.

Personnel Information

Date of birth:

• Jun 24, 1962 (age 47 years)

Profession:

• Businessperson

Country of nationality:

• India

Company board memberships:

Chair person Adani Group

Place of birth:

• Ahmedabad, India

Gender:

• Male
Parents:

• Shantaben Adani
• Shantilal Adani

Children:

• Jeet Adani
• Karan Adani

Siblings:

• Mansukhbhai Adani

Spouse (or domestic partner):

• Priti Adani

Employment history:

Employer Title From

• Adani Group • Owner • 1988

• Mahindra Bros. • Diamond Sorter

Education:

Major/Field Of
Institution
Study

• Gujarat University Commerce

• Seth C. N.
• High school
Vidhyalay

Places lived:

• Ahmedabad
 • Asia
• Australia

The Organization

Organisation Structure

 Formal 3-tiered Governance structure

• Board of Directors
• Corporate Management Committee
• Executive Committee

 Value creation in businesses through EVA

 Strategic business review meets Quarterly / Half yearly / Yearly basis

 Quantified target setting & linking to rewards

 Strong process orientation through SOPs

 Investment in futuristic IT infrastructure

The Leadership

Gautam S. Adaniis the Company’s Executive Chairman and founder of the Adani
Group. He has completed his education up to matriculation. He has over 20 years of
varied experience in business and trading with Adani. He is responsible for the
Company’s new business initiatives and strategic plans. Under his leadership, Adani
Group has emerged as a diversified conglomerate with interests in international
trading, infrastructure development, power generation and distribution,
development of special economic zones, gas distribution, trading and business
process outsourcing. He has been instrumental in the diversification of the Adani
Group into the power sector.

Rajesh S. Adani is the Managing Director of the Company. He holds a bachelor’s

degree in commerce from the Gujarat University. He has been associated with
Adani Enterprises Limited since its incorporation. He is in charge of day to day
operations of the Company and has been responsible for developing the business
relationships of the Company. He also handles the marketing and finance aspects of
the Company.

Vasant S. Adani is a Non-Independent and Non-Executive Director of the

Company. He holds a bachelor’s degree in Arts. Vasant S. Adani looks into the
administrative aspects of the Adani Group. He has more than 25 years experience
in management and real estate development.

Amratlal C. Shah is an Independent Non-Executive Director of the Company. He

holds a doctorate in economics and has over three decades of banking experience
and has served as the chairman and managing director of Bank of Baroda. Dr. Shah
has also served on the board of various reputed companies, such as UTI Bank
Limited, Reliance Capital Limited, Jet Airways Limited, S. Kumar Nationwide Limited,
Elecon Engineering Company Limited, Gujarat Petro Synthesis Limited, Goldcrest
(India) Limited and Gujarat Lease Finance Limited. Dr. A.C. Shah has also chaired
several committees on banking, the most recent one being the RBI Committee on
the functioning of Non-Banking Finance Companies.

Pravin P. Shah is an Independent Non-Executive Director of the Company. He is a

chartered accountant and has a doctorate in Finance. He is a partner of the
chartered accountants firm, Pravin P. Shah & Co. and is the proprietor of the
chartered accountancy firm, Pravin P. Shah & Associates. Dr. Shah has over 40
years of experience in areas of financial consultancy, taxation, valuation, property
matters, accounting, auditing, corporate laws and FEMA. He has also authored
seven books on costing, management strategies, billion dollar companies and
taxation.

Jay H. Shah is an Independent Non-Executive Director of the Company. He holds

degrees in commerce and law. Jay H. Shah has been with the Company since its
inception. He has wide experience of the Indian petrochemicals sector.

Yoshihiro Miwa is an Independent Non-Executive Director of the Company. He

holds a master’s degree in commerce. He has wide experience in Commercial
Science and Business Administration. He is also the chairman of Kowa Company
Limited, Japan.

Anil Ahuja is an Independent Non-Executive Director of the Company. He holds

bachelor’s degree in Mechanical Engineering from Indian Institute of Technology
(IIT), New Delhi and a Post Graduate Diploma in Business Management from the
Indian Institute of Management (IIM), Ahmedabad. He has more than 20 years of
experience in international financial services. Anil Ahuja is one of the earliest
private equity investors in India, with over 10 years of investment experience. In the
past, he has worked with 3i Group Plc., JP Morgan Partners Asia and Citibank,
Mumbai.

Citizen Adani

Genesis of Adani Foundation

Adani Foundation was established in May 1996. Situated in Ahmedabad, it is a part of the
prestigious Adani Group and looks after the Corporate Social Responsibility related activities of
the Group, which has now become synonymous with creating wealth for the people. Adani
Foundation was established with the vision to “accomplish passionate commitment to the social
obligations towards communities, fostering sustainable and integrated development, thus
improving quality of life". We began in a small way by working with a few rural communities
around our Port at Mundra.

Through its grant, the Foundation supports efforts in the development of society, in areas of
Rural Livelihoods & Communities, Education, and Health. Besides institutional grants, the
Foundation also makes individual grants for education and medical relief. The Foundation is
registered as a NGO and operates in Gujarat with major focus in Kutch & Ahmedabad. This
year, it will expand to other locations in the country. The Foundation is active in four major areas
for all sections of the society:

• Medical
• Education
• Rural Development
• Charitable & General

Activities at Ahmedabad

The Ahmedabad office holds the secretariat of the Foundation. The activities which are directly
managed by the Ahmedabad Office are:

A. Medical

1. Medicines prescribed by the hospitals/ specialists a provided free of cost to

290 patients including 52 HIV positive patients.
2. Financial assistance was provided to patients for surgeries, and critical
diseases, looking to the severity of the cases.
3. Financial Assistance to peer groups: Shree Rajrajendra Suri Charitable Trust,
Surat was given financial support worth Rs 11 Lakhs towards setting up a
new dispensary in Surat for the under-privileged.

B. Education

1. Scholarship Scheme: This scheme is meant for all children who secure
more than 70% marks in aggregate and are from Below Poverty Line strata.
 46 meritorious students availed these scholarships applicable from 5th
standard onwards up to professional courses.
2. 9+2 Scheme: We helped 88 students under this scheme, wherein, nine
months tuition fees and two term fees were paid directly to the educational
institutions.
3. Vidya Sahay: This scheme enables/make feasible quality education
accessible to needy associates of the Adani Group & to mitigate the hardship
in educating their children on account of the high cost of education. Under
this scheme 83 children availed Vidya Sahay amounting.
4. Adani Vidya Mandir: “SUCCESS IS NOT TRUE UNLESS IT IS SHARED”,
believing in this philosophy Adani Foundation has set up “Adani Vidya
Mandir” school to impart quality education & good facilities to under-
privileged meritorious students totally free. This will enable them to fulfill
their dreams and aspirations. The school was formally declared open on 12th
June 2008. From this year, Class III and IV are operational. A total of 140
students have taken admission in the school through an entrance test held in
the months of April & May.
5. Financial Assistance to peer groups:
o Banaskantha Kelavani Mandal was given financial support worth Rs. 25
Lakhs towards construction of a new school.
o Jay Parsvanath Education Trust was given financial support worth Rs 5
Lakhs towards construction of new classrooms at Dholka, Ahmedabad.

C. Others

• Shree Navchetan Andhjan Mandal was given support worth Rs 25 Lakhs

towards construction of their new campus in Kutch
• Shree Yagkshem Foundation for Human Dignity, Ahmedabad was given
financial assistance of Rs. 2 Lakhs towards their work on Human Rights

Adani DAV Public School, Mundra

The results of Class X and XII have been very encouraging. Krishna Yogesh Shah secured
highest 93.2% in her Class X board exams. The school again repeated its 100% results in Class
X, Class XII Commerce and Class XII Science since the first batch of Class X appearedin 2004.

The total enrollment in the school this year is 137 making a total of 701 students with 44
teachers. This makes the teacher student ratio of 1:16 which is very high compared to other
schools where the average is 1:35.

Rural Development Activities at Mundra, Kutch:

In Mundra, Adani Foundation has set up a team for addressing various issues for the rural
community. We work in three core areas; Education, Health and Livelihood

Education:
 • 20 volunteers completed their duties as teaching assistants in primary
schools of Mundra Taluka for the academic year of 2007-08. They also
underwent training of Sarva Shiksha Abhiyan (SSA). These Education
Volunteers also implemented Meena Communicative Initiative aimed at Girl
Child Education and Child’s Rights
• Crafted new role and responsibilities for Education Volunteers with
consultation from UNICEF and District Primary Education Officer for the
academic year of 2008-09
• Prepared a model for School Health Corner. 40 group schools of Mundra and
Mandavi Talukas are provided with Model Health Corner Kit consisting of full
size mirror, 5 napkins, 6 combs, 6 nail clippers, Height measuring Scale and
posters for creating health awareness.
• A.F. also assisted in distributing textbooks to schools.
• Training session with volunteers
• A.F. Team participated in School Enrolment Drive of current year
• 45 schools have been identified for Educational Inputs with emphasis on Girl
Child Education and Quality of Education.

Health:

• Mobile Dispensary is rendering services to 24 villages and three labour

colonies and has treated 2513 patients in April and 2403 patients in May
2008 absolutely free.
• Medical camp at Zarapara port colony where 94 patients got free treatment
• Specialty camps/ Gynaec camps were organized at Tunda, Baroi and
Deshalpar village as well as at APL and Samudra labour colonies. Over 200
women got treatment for various gynaec ailments for which they would not
have gone anywhere unless it gets very serious. Dr. Chitra Bhatnagar- M.D.
(Ob.Gy.) rendered her services on a voluntary basis.
• Life Skill Education Talk followed with question answer session with students
and teachers of Adani DAV School with Dr. Chitra Bhatnagar
• In collaboration with Government Community Health Center vaccination and
ante- natal care is provided at labour colonies namely at Samudra Township
and Mithani’s Colony on Tuesdays of the month.
 • Pre- monsoon health awareness programme conducted at various labour
colonies
• Demonstration of chlorination of water along with material supply carried out
at various labour colonies
• HIV/AIDS awareness talks at Indra security and Samudra Township

Livelihood Activities:

• Group meetings with Cattle Owners at Mangara for low cost cattle shed for
reducing wastage of fodder
• Awareness Night Camp with Veterinary Dr. Prakash Modi at Goersama and
Shekhadiya benefiting 64 cattle owners’ families
• Continue implementation work of Samaghogha Check Dam on Phot river
under Sardar Sahabhagi Jal Sanchay Yojana. 80 % construction is over. Total
cost of this dam is rupees fifty lacs approx.
• Bhumi Pujan for starting implementation of Vaghura Check Dam on village
river
• Support in construction of 126 individual toilets at Wanki village. We came
across many touching stories such as- Ratanben Aahir who came to village
Wanki 30 years ago following her wedding to a village man. Not having toilet
in the house was very disturbing and never could get over the overwhelming
feeling of shame and embarrassment. To top this, her fate put her in even
more difficulties and drudgery as her husband met with an accident and was
partially disabled. Now she had to carry his excreta for disposal in open out
side village everyday. Now with toilet in the house we could see tears of
happiness and relief.
• A.F. team participated in Krishi Rath Programme of Government of Gujarat in
Mundra Taluka. Public recognition was given to our efforts in the areas of
Total Sanitation Campaign, Animal Husbandry and Agriculture and water
saving devices
• Concluded six weeks training for Diesel Engine Maintenance with partial
funding from NABARD under Skill Development Initiative. Two trainees have
already been selected for placement. Three to four have continued with their
 own workshop with more vigor. Follow up for more placements and
entrepreneurship continues.
• We have submitted two more proposals under Skill Development Initiative to
NABARD.

Other News:

• Dr. Pritiben G. Adani signed Memorandum of Understanding for Technical

Support with UNICEF.
• WASMO has agreed to support us in our efforts towards Total Sanitation
Campaign and school hygiene sanitation programme
• We have expanded our team by recruiting six community mobilizers with
graduate and post graduate degrees in relevant education streams and of
total work experience. We have also recruited project officers/ programme
specialists for Health and Animal Husbandry and other livelihood activities
• Team leader visited Dahej and Tiroda sites for assessing and exploring the
possibilities of CSR activities in those areas. A person to look after Dahej site
has been short listed.

Activities at Gurgaon

A blood donation camp was organized at ADANI House, Gurgaon, in coordination

with Red Cross Society, India. A total of 57 units of blood were donated by equal
numbers of volunteers for the noble cause of saving lives of people.

About Adani Group

Group Highlight
Founded in 1988 the Adani Group has grown from being a trading house to a
diversified and dynamic business group with interests from infrastructural
development to FMCGs.

A leader in international trading and infrastructure development, the Adani Group is

engaged in a continuous Endeavour to maximize potentialities by synergizing the
multiple businesses of the Group creating optimum business model.

The Group has made foray into high growth sector like Power, Infrastructure, Global
Trading, Logistics, Energy and is recognized for creating benchmarks for others to
follow… We are the operator of largest private port in India, We are the developer of
largest multiproduct SEZ in India, We have the largest edible oil refining capacity in
India, and we are one of the largest trading houses in India.

The group is committed to constantly deliver good returns to its stakeholders and
convert partnerships into winning combination.
Chairman's Message

It’s my pleasure to introduce, before you, the Adani Group; a

conglomerate that spans a diversified, yet complementary business
portfolio.

Our businesses range from Commodities Trading to Edible oil

Manufacturing; from Greenfield port operations to natural gas distribution
as well as power generation.

We have committed ourselves to building a world-class organization; we have been

putting in the efforts to develop world-class competencies. We are pushing the
envelope, expanding the international market frontiers and guaranteeing solid
fundamentals for the organization’s future.

At Adani, we have always strived to explore and take advantage of the existing and
emerging market opportunities to build value for our trade and investment partners.
This has helped us and our partners to keep abreast of business competencies and
harvest the overseas investment opportunities.

Adani is in its most glorious phase ever and I am excited about its future. As we
potentiate our capabilities, expand our operations, we are stand at a locus of
domestic and global possibilities, that we are destined to reap. Today’s is a world
that is constantly demanding cleaner and better energy sources. As India and the
world look expectantly to us, we must deliver. We have everything going for us…
excellent relationships with our trade partners and shareholders and big ambitious
goals. But more than anything else, we have the right people and the right
leadership.

What can stop us on our path to growth?

Nothing…well, almost.

Gautam S. Adani
Chairman, Adani Group

Vision

To be an entrepreneurially driven enterprise – Thinking innovatively in all aspects of

the business, from technological to commercial. To be intensely competitive in
whatever we do, by constantly bettering the benchmarks set by us.

To be a globally preferred business associate - an entrepreneurial organization

having responsible concern for employees, society, the ecology, and stakeholder
value. Strive to generate optimum value for all our associates through constant
innovation and adoption of universal best practices and improving upon all those
touches points that directly impact the business.

To be a responsible concern – We shall harmonize all our actions and reactions, with
the global environment and actively work to reduce our environmental load

Mission

To assimilate knowledge, develop capabilities and manage collective enterprise to

profitably tap global commercial advantages for the benefit of stakeholders.

Group Values
From inception three values have driven all the activities of the Adani Group. They
are central to our operations worldwide and will continue to be at the core of all our
businesses.

Trust - We will deliver on all our promises - our word is our bond.
Courage - We will support our decisions and actions with conviction.
Innovation - We will think laterally and never fight shy of embracing big ideas.

Companies of Adani Group