The 4th richest man in the world with a net worth of $116 billions...........

-

 

From just Rs 100 in pocket to making millions at the age of 20 to now being the 4th richest man in the world with a net worth of $116 bn, here's how Gautam Adani created his own wealth from scratch.


The first instinct of any entrepreneur - drop out of college. That's what Adani did in 2nd year of college to start working. Coming from a humble background, with 7 siblings, he didn't want to join the mainstream textile business where his father was a merchant.

At the age of 18, Adani moved to Mumbai & worked as a diamond sorter. With all the knowledge he gathered 2-3 years, he set up a diamond brokerage & became a #millionaire at the age of 20!!

This was a defining start for him. But something big was just about to come when his brother, Mahasukh Adani, called him back to Ahmedabad to work at a plastic factory which he started.

Gautam imported PVC to India in the factory & enjoyed the global #trade arena. This is where he learnt the most & used it to the fullest to start his own commodities import and export firm, Adani Group in 1988.

He was initially trading on agricultural products and power. But, a sea change came when the #liberalisation policy came in 1991. He used this opportunity like no other and with time, diversified into power, coal, oil & gas, ports.

Adani & ports have a deep story! During his childhood, when Gautam visited Kandla Port on a school tour, he promised himself to build a similar port one day. He fulfilled his promise in 1988 when he got the Gov's contract to build the Mundra Port, which today is the biggest cargo port in #india.

In his words, there were 2 turning points in his life:

1) When Gov relaxed import norms in 1985 & he began imports of raw materials and entered trading.
2) In 1995, when he got into the port sector, where today he has a monopoly & is India's largest port owner!

With struggle & work in #business, Gautam Adani has faced life challenges on personal front too,

~ He was kidnapped in 1998 at a gunpoint for ransom when he left a club in Ahmedabad.

~ Adani got luckily saved from the 26/11 terror attack as he was at Taj that day & a soldier named Praveen Kumar Teotia helped him hide in a basement.

His story is just as evergreen as his buying capacity currently in the market, with many #acquisitions in cement, power, ports & drone sector.

Do you think a movie should be made on this self made billionaire? If so, which actor would do justice to a role like his? :)

Comments

Post a Comment

About Us

Rejected by over 100 VCs, these two 19 year old college mates never thought that an idea built in their living room would turn them into multibillionaires just 15 years later.

-
Image
  From getting rejected by over 100 VCs, these two 19 year old college mates never thought that an idea built in their living room would turn them into multibillionaires just 15 years later. Melanie Perkins , founder of  Canva  got an idea in 2007 while she was teaching design to her peers in the university and realised that those programmers were complex and expensive. This is when she thought about launching a design product that is simple to use. But her journey to launching the product wasn't an easy one. Perkins, an Australian woman started the platform with zero Silicon Valley connections and zero investor interest. She made many trips to Silicon Valley only to come back with a  #rejection  each time. With the help of their tech advisor, who is the co-founder of Google Maps, they hired a tech co-founder,  Cameron Adams . It took 3 years for Perkins and her husband who is the co-founder of Canva,  Cliff Obrecht  to get their first investor. A...
Read more

Here’s how Keka HR won hearts of 6500+ customers........................

-
Image
From a team of 5 to 550+, to raising India’s biggest series A round worth $57 mn in SaaS during funding winter - here’s how  Keka HR  won hearts of 6500+ customers. • Necessity is the mother of invention: Vijay Yalamanchili , founder of keka was extremely disappointed & frustrated working with HR softwares that weren’t not up to the mark.  He went on a searching spree to find different HR softwares available in the market. But to his surprise, all of them had a poor user interface, which took away the efficiency of HR and the  #employees .  Fed up of finding a good software, Vijay decided to build his own software called, Keka (means ‘awesome’ in South Indian native language) in 2015 and also embedded features for payroll, applicant tracking, recruiting, leave & attendance, performance management.  • A breaking point: Keka had acquired 450 clients in less than a year, without any  #investor  money! Today, Keka runs the payroll of 1.5M+ emp...
Read more

Happy Birthday INFOSYS

-
Image
"I am going to Stick with it & Make it " - Narayana Murthy (1989) This was the Statement by Mr Murthy after Infosys facing severe bankruptcy in 1989. After this everything becomes history. Started with 10,000 Rupees and now Infosys revenue is 1 + Lakh Crores. Started with 6 employees in a small flat now 2.5 Lakh employees globally operating in 50 + Countries. First Indian IT Company to List in NASDAQ Infosys was ranked as the 3rd best Regarded Company in the world by Forbes Magzine. Infinite CSR activities from Infosys foundation globally, which no Indian Company has done till now . Infosys has made every Indian Proud and set the IT revolution in INDIA. We need more Indian Companies like this , Infosys was ranked as the 3rd Best Regarded Company in the world by Forbes Magzine. Infinite CSR activities form Infosys foundation globally, which no Indian Company has done till now . Infosys had made every Indian proud and set the IT revolution in India. Let India , ...
Read more