List Of Companies Owned By Gautam Adani In 2023

The Board of Adani Enterprises Ltd consists of multiple companies owned by Gautam Adani, one of India's wealthiest billionaires. Here is a list of these companies and their respective activities:

1. Adani Enterprises: This is the main holding company, primarily engaged in the mining and trading of coal and iron ore.

2. Adani Green Energy: It serves as the renewable energy division of the group.

3. Adani Ports & SEZ: As the largest private port company and special economic zone in India, it focuses on port operations and related services.

4. Adani Power: Established in 1996, Adani Power is involved in the development and operation of thermal power projects across India.

5. Adani Transmission: This company specializes in the commissioning, operations, and maintenance of electric power transmission systems.

6. Adani Total Gas: Adani Total Gas is a joint venture between Adani Group and TotalEnergies, formerly known as Total S.A. It is a natural gas distribution company based in India.

7. Adani Wilmar: Adani Wilmar is engaged in the food processing industry.

8. Adani Airport Holdings: This company is involved in airport operations.

9. Adani Road Transport: It focuses on road transport services.

10. Adani CSR Initiatives: This refers to the corporate social responsibility initiatives undertaken by the Adani Group.

Recently, there has been a decline in the stock prices of various Adani Group companies. Adani Total Gas witnessed a 10 percent slump, followed by Adani Power (4.98 percent), Adani Green Energy (3.55 percent), Adani Transmission (2.98 percent), Adani Wilmar (2.23 percent), and Adani Ports and Special Economic Zone (2.11 percent). Adani Enterprises also experienced a drop of over 5 percent in its shares. Additionally, other stocks affiliated with the Adani Group, such as Ambuja Cements and ACC, also saw a decrease in their prices.

As a result of this decline, Adani Enterprises has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and has announced its intention to return the proceeds to investors. Consequently, Gautam Adani's ranking as one of the world's top billionaires has also been negatively affected. After holding the position of the third richest person in the world on the Forbes billionaire list just a few weeks ago, he dropped to the 15th position few days back due to the decrease in the value of his group's stocks.